The state of finance firms in 2022
Today, everything from how we use technology and manage security to sourcing talent and hiring can shift at the drop of a hat.
With changes coming thick and fast, it can be difficult for financial services firms to keep up.
Thankfully, we’ve made it easy. Explore the data and trends that are set to define how finance SMBs plan for 2022 and discover key insights like:
- 41% of small finance firms see tighter software integration as the primary motivation for technology investment in 2022
- 37% of finance firms list data breaches as their top security concerns—a departure from the average SMB concern of customer fraud
- The Great Resignation hasn’t materialized for finance firms, and in response, retaining talent is their lowest pain point in 2022,
Frequently asked questions
Is the finance industry growing or declining?
The finance industry as a whole has been growing in recent years, especially with the development of fintech and digital transformation.
What are some trends in the finance industry?
Increased use of technology, shift towards customer-centric business models and greater emphasis on data privacy and cybersecurity.
What are the top 3 challenges facing the financial industry right now?
Strengthening software integrations, push towards remote working and improving customer experience.
What was the top security concern for financial firms in 2022?
Data breaches are the top security concern in 2022, with finance SMBs feeling they have little chance of protection if bigger players with bigger budgets are struggling.
Is the finance industry growing or declining?
What are some trends in the finance industry?
What are the top 3 challenges facing the financial industry right now?
What was the top security concern for financial firms in 2022?
