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Research
Publication date:
21 July 2016
Last updated:
25 February 2025
Author(s):
Policy and Public Affairs
The second report published by the Chartered Insurance Institute in association with Cicero Group on disruptive technology in financial services.
Our first looked at the pace of technological change and risk in sectors, from the sharing economy to nanotech. This time our focus is specifically on financial technology (FinTech), and the way in which technological innovation could potentially transform the financial services industry, and the risks that could arise as a result.
The emergence of FinTech is both a threat and an opportunity to the sector. This presents a challenge for both the insurance profession and regulators. Accurately identifying the difference between the two will be one of the key challenges in the years ahead.
In Disruptive Influences 2.0: the FinTech revolution, we analyse in greater detail the scale of the challenges facing all areas of the financial services industry, and the implications for regulators, policymakers and most importantly, the wider public. The report also discusses the business opportunities that digital disruption will offer to those firms that are agile and can harness its power in the context of existing organisational structures.
Since the underlying technologies which threaten to disrupt financial services cut across all areas of the sector, the report proceeds thematically highlighting the impact to insurance, banking and wealth management throughout.
Our report looks in detail at the following themes:
- Implication for politics and regulation
- Implications for established financial services firms
- Implications for FinTech start-ups
- Implications for consumers/general public
Related reports:
CII and Cicero Group - Global political risks in 2015 and beyond (January 2015) »
CII and Cicero Group - Risk returns: political risks for the financial sector (June 2014) »
This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.