A study by BVI Finance highlights key questions regarding the strategic priorities and challenges faced by fintech companies worldwide. The survey involved 451 leaders from various financial hubs.
Fintech Business Priorities
According to the Destination Digital report released by BVI Finance, 94% of fintech leaders believe that cross-border growth is critical or important to their success. 33% of respondents highlight access to international markets as a key priority when choosing a jurisdiction.
Challenges Faced by Fintech Companies
28% of fintech leaders report challenges with access to funding and investment, while the same number point to regulatory compliance and changing policies as major obstacles to business growth.
The Role of IFCs in Global Fintech Industry
International Financial Centres play a vital role in setting new standards of regulation. Elise Donovan, CEO of BVI Finance, noted that 'where to incorporate a business has become critical for navigating complex geopolitical and regulatory environments.'
The observations from BVI Finance emphasize the importance of choosing the right jurisdiction for fintech companies aiming for global growth and the necessity of navigating an ever-changing regulatory climate.
