Fintech as a Source of Financial Innovations on the Polish Financial Services Market
The paper presents the definition of innovation, advancement and development of the Fintech sector on the global scale, with particular emphasis put on Poland. Fintechs, i.e. IT companies that provide increasingly more modern solutions for customers active on the financial markets are not fully desc...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Warsaw University of Life Sciences Press
2019-03-01
|
| Series: | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
| Subjects: | |
| Online Access: | https://prs.sggw.edu.pl/article/view/2675 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832540959064195072 |
|---|---|
| author | Karolina Anielak |
| author_facet | Karolina Anielak |
| author_sort | Karolina Anielak |
| collection | DOAJ |
| description | The paper presents the definition of innovation, advancement and development of the Fintech sector on the global scale, with particular emphasis put on Poland. Fintechs, i.e. IT companies that provide increasingly more modern solutions for customers active on the financial markets are not fully described in the literature on the subject. The aim of the paper was to present a comprehensive definition of Fintech, show the scale of this type of ventures around the world and in Poland, and analyze the forms and potential of the cooperation of Fintech companies with financial services entities, in particular with the banks. The article uses a critical analysis of the literature of mainly English-language studies from the last 5 years, indicating the state of financial innovations and their importance on the global scale. The author analyzed statistical data from PWC Global Fintech Report, CitiGPS reports, Capgemini reports and KPMG, which enabled her to present the value of global investments in Fintech. The performed cause and effect analysis indicates that investments in the Fintech sector are becoming more and more popular, that this market will be growing due to cooperation, among others, with the banks which want to meet the requirements of their customers using more advanced technologies. |
| format | Article |
| id | doaj-art-833ca90d74634b62aee09dc59b9ab7ab |
| institution | Kabale University |
| issn | 2081-6960 2544-0659 |
| language | English |
| publishDate | 2019-03-01 |
| publisher | Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
| spelling | doaj-art-833ca90d74634b62aee09dc59b9ab7ab2025-02-04T10:43:12ZengWarsaw University of Life Sciences PressZeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego2081-69602544-06592019-03-0119110.22630/PRS.2019.19.1.15Fintech as a Source of Financial Innovations on the Polish Financial Services MarketKarolina Anielak0University of LodzThe paper presents the definition of innovation, advancement and development of the Fintech sector on the global scale, with particular emphasis put on Poland. Fintechs, i.e. IT companies that provide increasingly more modern solutions for customers active on the financial markets are not fully described in the literature on the subject. The aim of the paper was to present a comprehensive definition of Fintech, show the scale of this type of ventures around the world and in Poland, and analyze the forms and potential of the cooperation of Fintech companies with financial services entities, in particular with the banks. The article uses a critical analysis of the literature of mainly English-language studies from the last 5 years, indicating the state of financial innovations and their importance on the global scale. The author analyzed statistical data from PWC Global Fintech Report, CitiGPS reports, Capgemini reports and KPMG, which enabled her to present the value of global investments in Fintech. The performed cause and effect analysis indicates that investments in the Fintech sector are becoming more and more popular, that this market will be growing due to cooperation, among others, with the banks which want to meet the requirements of their customers using more advanced technologies.https://prs.sggw.edu.pl/article/view/2675Fintechfinancial innovationsbanks |
| spellingShingle | Karolina Anielak Fintech as a Source of Financial Innovations on the Polish Financial Services Market Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego Fintech financial innovations banks |
| title | Fintech as a Source of Financial Innovations on the Polish Financial Services Market |
| title_full | Fintech as a Source of Financial Innovations on the Polish Financial Services Market |
| title_fullStr | Fintech as a Source of Financial Innovations on the Polish Financial Services Market |
| title_full_unstemmed | Fintech as a Source of Financial Innovations on the Polish Financial Services Market |
| title_short | Fintech as a Source of Financial Innovations on the Polish Financial Services Market |
| title_sort | fintech as a source of financial innovations on the polish financial services market |
| topic | Fintech financial innovations banks |
| url | https://prs.sggw.edu.pl/article/view/2675 |
| work_keys_str_mv | AT karolinaanielak fintechasasourceoffinancialinnovationsonthepolishfinancialservicesmarket |