‘Seismic Shift’ Underway As Digital Assets Disrupt the Financial Services Industry: Deloitte Survey

Advisory giant Deloitte says that crypto is driving a massive remodeling of the financial services industry.

Based on results from a new survey that polled big players in the financial services industry, the firm says that “banks should embrace their inevitable digital future.”

 

Deloitte, one of the “Big 4” advisory firms, finds that 76% of respondents believe that digital assets would “help significantly or moderately reduce risks for organizations or projects.”

According to Deloitte, the general sense of optimism among players in the financial services industry is accompanied by some caution.

Results from their survey found that 70% of respondents believed “data security regulation” was in the greatest need of regulation, and 71% identified cyber security as the main obstacle to acceptance of digital assets.

 

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