Barclays reveals the views of nearly 2,000 financial services leaders in the world on collaboration, innovation, and cybersecurity

China will be king for innovation in the next 5 years – Barclays research. Source:?shutterstock.com

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.

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