The impact of FinTech on the development of traditional banking

Economics & Management

Authors

First and Last Name Academic degree E-mail Affiliation
Nazar Strypa No strypanazar096 [at] gmail.com Lviv Polytechnic National University
Lviv, Ukraine
Iryna Kondrat Ph.D. iryna.y.kondrat [at] lpnu.ua Lviv Polytechnic National University
Lviv, Ukraine

I and my co-authors (if any) authorize the use of the Paper in accordance with the Creative Commons CC BY license

First published on this website: 15.10.2018 - 00:03
Abstract

The article explores the essence of financial technologies and their role in the development of the financial sector. The FinTech classification and the analysis of FinTech-services is presented. The advantages and disadvantages of using FinTech in comparison with traditional banking services are analyzed. New strategic priorities of banking institutions based on financial technologies are proposed.

Keywords
financial technologiesFinTechinnovationsbanktraditional banking
References

[1]     G.M. Pochenchuk. „FinTech in the structure of the financial system”. Global and national problems of the economy, vol.21, pp.49-55, 2018.

[2]     L.A. Dudynets „Development of financial technologies as a factor of modernization of the financial system”. Global and national problems of the economy, vol. 22, pp. 794-798, 2018.

[3]     USAID Project. “FinTech in Ukraine: Trends, Market Overview and Catalog. Transformation of the Financial Sector”. Internet: http://FinTech.unit.city/guide2018 [12.10.2018]

[4]     Y.M. Kryvych and A.J. Semenog. „FinTech-services: essence, role and importance for the country's economy”. Bulletin of the ONU named after І.І. Mechnikov, vol.2 (67), pp.100-105, 2018.

[5]     Y.M. Kryvych and S.V. Tsirulyk. „FinTech innovations and their impact on banks and the banking system”. Problems and prospects of development of financial and credit system of Ukraine: a collection of materials of the 2nd All-Ukrainian scientific-practical conference, 2017, pp. 263-266.

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Comments

Secretary EM
researcher, secretary

Dear Authors,

 

Your paper has been accepted!

 

We are glad to inform you that your conference paper has been accepted to participate in the 8th International Joint Youth Science Forum «Litteris et Artibus» & 13th International Conference «Young Scientists Towards the Challenges of Modern Technology», particularly in "Economics and Managemet" conference (November 22-24, 2018, Lviv, Ukraine)! Your paper will be published in digital proceedings with ISSN and DOI on the website https://openreviewhub.org/lea-2018.

 

Please, answer the following participation question:

•   Are you going to take part in the conference in person?

 

Presentation delivery regulations:

 

Conference participants will present their work on posters. Content and design of posters is arbitrary, but it should include the basic provisions of your paper: authors names, title, main points, equations, figures etc. as well as exclude solid color, gradient or other costly to print backgrounds. The poster's upper part may include some information about your organization (title and logo, brief contact information).

Selected papers will be presented orally.

 

The full Forum’s program will be published on the https://openreviewhub.org/lea-2018 before November 19, 2018.

 

Looking forward to receiving your poster! See you in Lviv soon!

 

Best regards,

Ihor Kulyniak,

Economics and Management Secretary

Thu, 11/15/2018 - 13:26