Investors ranked asset management as 27% in a ranking of financial services sectors deemed most at risk from fintech disruption.
Financial advice came slightly higher, but consumer banking topped the list with a 59% score.
Source, an ETF provider, surveyed 71 institutional investors.
The full list of financial services sectors identified as being most at risk from fintech disruptors is:
- Consumer banking 59%
- Payments 43%
- Financial advice 30%
- Foreign exchange 30%
- Asset management 27%
- Wealth management 20%
- Life insurance 20%
Source published the data as it launched Europe’s “first-ever” Ucits ETF fund focused purely on fintech companies.
The Source KBW Nasdaq Fintech Ucits ETF equally weights and tracks the KBW Nasdaq Financial Technology Index, which captures fintech companies publicly listed in the US.
The index has 50 constituents, including well-known names such as Paypal and Visa, to newer entrants like app Square, which a point-of-sale payment app provider.
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