The upswing is fragile, and though the direction of economic indicators are not clear, the recovery seems slightly stronger than expected in the autumn. The recovery is strongest in the emerging and developing economies, while it remains slightly more subdued in Europe.
And indeed, we are already seeing disruptions in the financial services market: In the first half of 2018, global investment in fintech reached $ billion across 875 deals, a significant increase from the $ billion invested in the whole of 2017.2 The time span for adopting various banking innovations, such as online or mobile banking, is getting shorter and shorter.