Fintech as a Source of Financial Innovations on the Polish Financial Services Market

Main Article Content

Karolina Anielak

Abstrakt
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.

Article Details

Jak cytować
Anielak, K. (2019). Fintech as a Source of Financial Innovations on the Polish Financial Services Market. Zeszyty Naukowe SGGW W Warszawie - Problemy Rolnictwa Światowego, 19(1), 162–171. https://doi.org/10.22630/PRS.2019.19.1.15
Bibliografia

Bednarska-Olejniczak, D. (2011). Marketing w usługach bankowych (Marketing in banking services). Publishing house of Wyższa Szkoła Bankowa, Warsaw.

Błach, J. (20110. Innowacje finansowe i ich znaczenie we współczesnym systemie finansowym – identyfikacja i systematyzacja problemu (Financial innovations and their importance in the contemporary financial system - identification and systematization of the problem). e-Finanse, 7(3), 14-28.

Capgemini & LinkedIn & Efma (2016). World FinTech Report 2017. Accessed 5 May 2017 from: https://www.capgemini.com/service/introducing-the-world-fintech-report-2017/.

Czubała, A. (1996). Dystrybucja produktów (Distribution of products). PWE, Warsaw.

E-Gospodarka (2015). Fintech zmienia sektor bankowy (Fintech changes the banking sector). Accessed 16 November 2018from: http://www.egospodarka.pl/125485,Fintech-zmienia-sektor-bankowy,1,39,1.html.

Frączyk, J. (2018). Blockchain w PKO BP. Bank przystąpił do międzynarodowej grupy kierowanej przez JP Morgan (Blockchain at PKO BP. The bank joined the international group led by JP Morgan). Accessed 8 December 2018 from: https://www.money.pl/gospodarka/wiadomosci/artykul/blockchain-pko-bp-jp-morgan-chase,180,0, 2417844.html.

Grzegorczyk, W. (1999). Marketing bankowy (Banking marketing). Biblioteka Menadżera i Bankowca, Warsaw.

KNF (2017). Raport z prac Zespołu roboczego ds. innowacji finansowych (FinTech) (Report on the work of the Financial Innovation Working Team (FinTech)). Accessed 8 December 2018 from: https://www.knf.gov.pl/ knf/pl/komponenty/img/Raport_KNF_FinTech_60024.pdf.

KPMG (2018). The Pulse of Fintech 2018. Accessed 10 October 2018 https://assets.kpmg.com/content/dam/ kpmg/xx/pdf/2018/07/h1-2018-pulse-of-fintech.pdf.

Leong, C., Tan, B., Xiao, X., Ter Chian Tan, F., Sun, Y. (2017). Nurturing a FinTech ecosystem: The case of a youth microloan startup in China. International Journal of Information Management, 37, 32-45. (Crossref)

Marcinkowska, M. (2012). Innowacje finansowe w bankach (Financial innovations in banks). Acta Universitatis Lodziensis Folia Oeconomica, 266, 35-52.

NBP (2017). Globalny raport konkurencyjności 2016-17 Światowego Forum Gospodarczego (Global competitiveness report 2016-17 of the World Economic Forum). Accessed 8 December 2018 from: https://www.nbp.pl/ aktualnosci/wiadomosci_2016/20160928_awans.pdf.

Nicoletti, B. (2017). The Future of FinTech: Integrating Finance and Technology in Financial Services. Palgrave Macmillan, Rome, 62-73.

Rudke, M. (2018). Opóźnione płatności w Moim ING (Delayed payments in My ING). Accessed 8 December 2018 from: https://www.parkiet.com/Oszczedzanie/309199899-Opoznione-platnosci-w-ING-Banku-Slaskim.html.

Skinner, Ch. (2014). Digital Bank. Strategies to Launch or Becomea Digital Bank. Marshall Cavendish Int., Singapore.

Chishti, S., Puschmann T. (2018). The Wealthtech Book: The FinTech Handbook for Investors, Entrepreneurs and Finance Visionaries. Wiley, United Kingdom; 39-78. (Crossref)

Szpringer, W. (2017). Nowe technologie a sektor finansowy. FinTech jako szansa i zagrożenie (New technologies and the financial sector. FinTech as an opportunity and a threat). Poltext publishing house, Warsaw.

World Bank (2017). The Global Findex Data Base 2017. Accessed 10 December: https://globalfindex.worldbank.org/.

Zintegrowany Raport Roczny ING Banku Śląskiego 2017 (Integrated Annual Report of ING Bank Śląski 2017). Accessed 8 December 2018 from: https://www.raportroczny.ingbank.pl/.

Statystyki

Downloads

Download data is not yet available.
Rekomendowane teksty