Chinese bankers say lack of fintech investments is a ‘major drag’ on competitiveness

//Chinese bankers say lack of fintech investments is a ‘major drag’ on competitiveness

Chinese bankers say lack of fintech investments is a ‘major drag’ on competitiveness

Chinese bankers’ concerns about falling behind on fintech investment are at a three-year high, as they consider their existing information technology system to be “a major drag” on business.Results from the Chinese Bankers’ Survey 2018, jointly conducted by consultancy PwC and the China Banking Association, found that about 38 per cent of the bankers viewed the current IT systems at their banks could “barely satisfy” ongoing business operations and see it weighing on their operations. This has…

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By | 2019-03-07T14:37:11+00:00 March 7th, 2019|Business|Comments Off on Chinese bankers say lack of fintech investments is a ‘major drag’ on competitiveness