FinTech’s rapid growth and its effect on the banking sector

نویسندگان

چکیده

Abstract FinTech is a New Financial Technology, which provides financial services through innovative information and communication technologies. It widely accepted that 4th industrial revolution, has affected tremendously the living working conditions of societies. The convergence between advanced technologies, entrepreneurship becomes more complex remarkably computerized. Within such significant changes it rather expected banking, been one most challenged sectors. players like Big Tech companies try to capitalize circumstances, by promoting new consumer patterns gain market shares. purpose this study investigate rapid expansion evaluate its impact on Greek banking system. This topic very important nowadays as number companies, compete with traditional banks products services, are increasing constantly digital technology develops. In our we apply questionnaire method mainly closed questions collect data from main players. To do this, use two questionnaires each for different sample. first sample consists consumers in sector second employees sector. According results, customers all ages seem trust than whereas level mobile transactions separately consumer, depends age education. From answers consumers, clear security top their worries using companies. On other hand, bank shows clearly educational critical factor readiness response

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ژورنال

عنوان ژورنال: Journal of banking and financial technology

سال: 2022

ISSN: ['2524-7956', '2524-7964']

DOI: https://doi.org/10.1007/s42786-022-00045-w