Different ways to read the survey, one way is that the road ahead is more complex: Regulation and access to funding among key concerns! Overall believe a great time is ahead for Fintech, but it will be bumpy
The latest Silicon Valley Bank survey suggests that FinTech businesses expect regulatory issues to be one of the biggest concerns in 2016. According to the survey, founders and investors from financial technology companies are worried that regulators can slow down innovation and businesses development. “As many as 43 percent of the 101 respondents surveyed during SVB’s Fintech Mashup event said that regulatory changes were the most difficult to cope with, a runaway number-one problem ahead of companies’ reluctance to adopt new technologies, cited by 24 percent of respondents. The number-three biggest challenge for the fintech industry was seen to be changing consumer behavior, with 18 percent being worried about it, followed by access to funding, noted by 15 percent of respondents as a challenge,” reads the publication.