Global Finance Leaders Show Optimism, Emphasizing Innovation and Adaptation in SIX Future of Finance Study

Global Finance Leaders Show Optimism, Emphasizing Innovation and Adaptation in SIX Future of Finance Study

(IN BRIEF) The SIX Annual Future of Finance Study reveals that 53% of global financial executives are optimistic about economic improvement in the coming year, though many recognize the need for strategic adjustments to harness growth opportunities. Key growth drivers include expanding into alternative asset classes, distributed ledger technology (DLT), and embedded finance, while artificial intelligence has dropped in priority. Despite the optimism, challenges like geopolitical uncertainty and failure to adopt new technologies remain concerns. SIX CEO Jos Dijsselhof emphasized the importance of embracing innovation to maintain competitiveness.

(PRESS RELEASE) ZURICH, 21-Oct-2024 — /EuropaWire/ — The latest SIX Annual Future of Finance Study reveals that global financial executives are cautiously optimistic about the economic outlook, with 53% expecting improvements over the next year and 40% anticipating stability. Conducted by SIX, operator of Swiss and Spanish stock exchanges, the study surveyed senior leaders from 293 financial institutions worldwide. While optimism is widespread, most executives acknowledge that adjustments are necessary for their organizations to capitalize on potential growth opportunities.

Singaporean and Swiss companies are among the most confident, with over half believing they are well-positioned for future success. However, asset managers and investment banks, in particular, see a need for proactive measures to ensure progress. Key growth drivers identified include expanding into alternative asset classes, distributed ledger technology (DLT), and embedded finance, with the adoption of artificial intelligence falling slightly in priority compared to last year.

Challenges remain, with geopolitical uncertainties, failure to adopt new technologies, and global economic downturns topping the list of concerns. Despite these hurdles, the importance of embracing innovation to remain competitive is a recurring theme, according to SIX CEO Jos Dijsselhof.

About SIX
SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries. www.six-group.com

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SOURCE: SIX