Digitalization as a Determinant of Changes in the Structure of Europe’s Banking Sector
Journal Title: Zeszyty Naukowe Wydziału Zamiejscowego w Chorzowie Wyższej Szkoły Bankowej w Poznaniu - Year 2016, Vol 18, Issue
Abstract
The aim of the paper is to take a closer look at the digitization process taking place in the European banking sector, and to highlight the threats that it brings to traditional banking. The author breaks the process down into stages, outlining changes to the banking sector’s structure occurring at each stage in the wake of the digital revolution. Based on this analysis, an attempt is made to address the question of where the evolution of banks should actually be headed and what kind of strategy would suit them best: should the industry move toward digital banking, or should it endeavor for an optimal blend of traditional banking and its core values with the benefits of new technologies embodied by FinTech (involving all kinds of interactive platforms). In fact, some financial institutions have already begun the transition, transforming their business toward solutions powered by digital platforms.
Authors and Affiliations
Joanna Żabińska
Keywords
Related Articles
- EP ID EP227120
- DOI -
- Views 110
- Downloads 0
Structural Conditions for the Creation and Operation of Virtual Organizations
The article concerns such phenomena as virtual organizations and the virtualization of economic activity. For the purpose of the discussion, the virtual organization is defined as a specific form of cooperation between b...
Digital Business Strategy – the Context of a Business Ecosystem
The dynamics of inter-organizational relationships founded on the networking concept are strongly correlated with the development of new technologies. The ongoing digital transformation of companies encourages reflection...
Alternative Investments – the Problem of Definition and Their Role at a Time of Crisis
The 2008 financial crisis now seems a rather remote experience. Its long-term effects, however, continue to be felt even today. One of the consequences is the largely undermined confidence in banks and financial markets....
Ocena wdrożenia filozofii kaizen i kaizen costing w przedsiębiorstwie produkcyjnym
Funkcjonujące obecnie na rynku organizacje muszą sprostać bardzo wysokim wymaganiom, jakie stawia przed nimi współczesna gospodarka. Jedną z koncepcji zarządzania, która w swoim założeniu ma ciągłe doskonalenie, jest fil...
Networked Organization Management as Exemplified by Logistic Networks
The paper addresses issues relating to management in networked organizations, with a special focus on problems that are characteristic of logistics network. The authors endeavor to identify key logistics issues, particul...