{
  "docId": "019dd923-5ca1-7489-b63a-396ab694b161",
  "docSlug": "3312ec45c65a617b",
  "documentTitle": "Crossing the lines Fintech",
  "authorId": "PwC",
  "authorName": "PwC",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.414,
  "pageNumber": 5,
  "pageCount": 29,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "situation_overview",
  "function": "establish_context",
  "density": "overcrowded",
  "nDataPoints": 1,
  "notes": "Page 5 of PwC Global Fintech Report 2019.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "photo"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ca1-7489-b63a-396ab694b161/5",
  "deckHref": "/decks/019dd923-5ca1-7489-b63a-396ab694b161",
  "deckJsonHref": "/decks/019dd923-5ca1-7489-b63a-396ab694b161.json",
  "deckAnchorHref": "/decks/019dd923-5ca1-7489-b63a-396ab694b161#slide-5",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Only 30% of insurers in our survey think IoT will be transformational, which is surprising given the potential for insurers to use it to make risk management more proactive.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-d9f3-76ef-9945-b0d2909aee7a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.9,
        "w": 0.45,
        "x": 0.52,
        "y": 0.05
      },
      "kind": "image",
      "text": "Circuit board background",
      "attrs": null,
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3c3ba5c9-bb41-4183-91ca-b4ef6541ef8d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.45,
        "x": 0.05,
        "y": 0.68
      },
      "kind": "paragraph",
      "text": "In an era of increased focus on data, hyper-personalisation and 'always-on' connectivity, it's unsurprising that AI and IoT top the list. But our survey highlights recurring challenges and concerns in implementing these technologies, including long delays in developing market-ready products and services, and difficulties managing regulation, safeguarding data and earning customers' trust. In asset and wealth management (AWM), for instance, robo-advice and automated exchange-traded funds pose a significant challenge to traditional delivery models.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "442a25ce-df92-4bee-9fec-51cd2aec41a1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.45,
        "x": 0.05,
        "y": 0.83
      },
      "kind": "paragraph",
      "text": "Only 30% of insurers in our survey think IoT will be transformational, which is surprising given the potential for insurers to use it to make risk management more proactive and develop new business models in areas such as equipment and health monitoring and maintenance.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6b40cc27-814c-4bf4-8ff6-82fa14406271",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.45,
        "x": 0.05,
        "y": 0.31
      },
      "kind": "paragraph",
      "text": "Emerging technologies have given companies a low-cost way to create convenient, personalised, data-intuitive products and services. Fintech has also lowered the barriers to entry for firms — from established FS groups to startups to TMT entrants — and has therefore created a complex web of cooperative competition, or 'coopetition,' and collision.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "abdc4c06-234a-45d8-83f6-6645c152400d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.05,
        "y": 0.48
      },
      "kind": "paragraph",
      "text": "PwC's survey shows that FS and TMT executives have different ideas about what type of fintech will drive change, but they have similar struggles in executing their digital transformation strategies. More than half of FS leaders believe artificial intelligence (AI) will create the biggest change in how financial services are delivered over the next two years. A prominent example of this technology is robo-advice. TMT executives think the Internet of Things (IoT) will be the game changer. An example would be sensors used in pay-as-you-drive insurance (see Exhibit 1).",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c24f6b45-a544-4cef-b4a5-99283c415ab4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "title",
      "text": "The current landscape",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "353524f4-8ca9-4830-b889-7d648c6922aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.05,
        "y": 0.44
      },
      "kind": "title",
      "text": "The technologies executives think will drive change",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ef94b983-834e-4c71-bfa9-1b80e1b6ab09",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Color Strategy",
      "slug": "color-strategy",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019de984-07e3-73f9-8d9b-2de7a7594cc2",
      "evidence": "Full-bleed red circuit-board imagery reinforces 'digital' theme.",
      "confidence": 70
    },
    {
      "name": "Metaphor & Analogy",
      "slug": "metaphor-analogy",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019de984-0807-748b-966c-b515b69a1898",
      "evidence": "Circuit-board visual stands in for fintech infrastructure.",
      "confidence": 65
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 5,
      "from": 3,
      "beatId": "019de984-044c-72cf-a1f7-ce506c756386",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Situation & Context",
      "beatSlug": null,
      "evidence": "Introduction, key findings, current fintech landscape framing convergence.",
      "position": 1,
      "confidence": 72,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 5,
      "from": 3,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "019de984-0595-757b-96ad-a54c582e6765",
      "evidence": "Intro + current landscape frame AI/IoT trends and convergence as the window of opportunity.",
      "position": 1,
      "objective": "Establish why fintech convergence is the urgent context",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 70,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}