In recent years, fintechs have begun to deliver significant value to both consumers and businesses and have reshaped how some interact with financial services. Yet, while the fintech sector is going from strength to strength, these organisations still tend to face challenges.
This podcast explores the findings from InterSystems research that found an overwhelming 81% of fintechs identify data issues as their biggest technical challenge. And of this figure, 41% struggle to leverage data for analytics, machine learning, and artificial intelligence, while 40% are unable to connect to customers’ applications and data or legacy systems.
Encouragingly, most fintechs appear to be ready to take steps to overcome these challenges. Almost half (48%) plan to invest in data management technologies over the next 12 months, while 45% expect to implement AI and ML. Find out more from the research and how to overcome data barriers in this latest episode of the Data Dialogue, or for more information, visit: https://bit.ly/3HjUXnI