Around 80% of financial services executives say their firms have some form of structured fintech strategy in place, but only 10% say their strategy is very effective, according to data from Capgemini's World Fintech Report. The survey also highlighted a number of factors that execs believe are behind this lack of success.  (1) Risk averse cultures. The top barrier to achieving results is a lack of conducive culture for innovation, with 40% of execs citing this as a significant obstacle.  (2) Budgetary constraints. Thirty-seven percent of respondents said budgetary constraints were hindering innovation. In part, budgetary constraints arise from a need for organizations to spread budget across business-as-usual operations, including maintaining legacy systems.   (3) Struggles to attract the right talent. 

http://uk.businessinsider.com/heres-why-financial-firms-fintech-strategies-are-failing-2016-11?international=true&r=UK&IR=T