Barclays reveals the views of nearly 2,000 financial services leaders in the world on collaboration, innovation, and cybersecurity
According to Barclays research, China will be the leading country for innovation over the next 5 years. The survey revealed that 45% of Asian firms ranking it as the most likely source of future innovation, along with 40% of European firms.
At the same time, India ranks in the top 3 as a future source of payment innovation across the regions, with 21% voting for it in Asia, 12% in Europe and a further 10% in the US.
The study found that only 37% of Asian financial services firms expressing confidence in their own cybersecurity defenses, compared to 54% in Europe and 47% in the US. However, 35% of respondents in Asia seeking to increase education on cybersecurity, whereas 26% looking to enhance their investment in this area.