Bankers are bullish on digital transformation. According to 2018 research by the Boston Consulting Group, 86% of financial institutions agree that digitization will upend the industry and permanently transform the competitive landscape.
Boston Consulting Group (BCG)
Sovereign wealth funds are state-owned funds used by especially Middle Eastern and Asian governments to support projects they feel will promote domestic growth and welfare; lately, they have been shifting to emerging-technology opportunities. One difference between SWFs and other funds is a willingness to wait to realize long-term returns; technology firms with vast potential to serve private and public interests are proving to be the perfect targets for SWF investment.