NEW BANKING INDUSTRY CONFIGURATIONS IN THE CONTEXT OF FINTECH DEVELOPMENT

Abstract

At the current stage, with the development and introduction of Fintech on scale, it is difficult to predict the configuration of the banking industry over a not too distant time horizon. Thus, it is imperative the research of the banking industry, which is continuously dynamic and dependent on three coordinates: IT technologies, regulations and the collaborative or shared economy. Thus, as a pillar of research will serve the vulnerabilities of today's banking industry and the need to adapt to the ever-changing economy. Analysis, induction and deduction will be used as research methods. As a result of the research, we analyse some scenarios based on which we could assess the banking industry in the coming years.

Keywords

• banking industry
• fintech companies
• other depository institutions
• microfinance and mortgages
• innovation