Regulatory issues are seen as the biggest hurdle to success over the next year by fintech founders and investors, according to a survey by Silicon Valley Bank.

On being asked about their biggest threat to growth, 43% of the survey’s respondents cited regulatory issues, 24% cited reticence by corporations to adopt new technology, 18% cited changing consumer preferences, while 15% pointed out at access to funding.

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According to the report, 36% of the respondents said that US is the market with the greatest opportunities for fintech, followed by Asia (22%), and Europe (14%).

Infrastructure, including blockchain and API, was highlighted as the greatest opportunity for fintech disruption by 24% of respondents, with 23% identifying payments, 20% insurance, 20% alternative lending, and 13% identifying wealth management and robo advising.

Also, 46% of respondents held the view that blockchain "is a technology looking for a problem to solve", while 54% opined that it "is providing a solution for financial institutions".

Most of the surveyed respondents (55%) held the view that the financial technology industry is appropriately funded, while 17% said that it is over-funded.

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SVB Financial Group chief digital officer Bruce Wallace said: "The attendees at the Fintech Mashup event validated what fintech companies around the world have been voicing in recent years – an effective regulatory and compliance strategy is critical to their ultimate success.

"As innovators continue to redefine innovative operating models across the financial services sector, it is important to us to help our clients navigate challenges as they identify opportunities to improve financial services for consumers and businesses."