The future of the banking industry in the era of digital transformation
Other Title(s)
مستقبل الصناعة المصرفية في عصر التحول الرقمي
Author
Source
Journal of Economic Integration
Issue
Vol. 8, Issue 2 (30 Jun. 2020), pp.341-353, 13 p.
Publisher
University of Ahmed Draia The Afro-Algerian Economic Integration Laboratory
Publication Date
2020-06-30
Country of Publication
Algeria
No. of Pages
13
Main Subjects
Financial and Accounting Sciences
Topics
Abstract EN
One of the major changes in the industry is the digital transformation that is undergoing a profound transformation of the banking system, The recent focus on FinTech - essentially, new players in technology entering the financial services industr provide the same services as banks, possibly more efficiently because of technologies.
The article aims to identify digital transformation in the banking sector, determine what both banks and FinTech companies are doing in the market.
The study concluded, that there is a strong competition between Fintech startups and traditional banks, but on the other, there is room for cooperation between them, Banks and FinTechs will need to work cooperatively with other ecosystem players through adoption the open banking wich is the future of banking industry.
American Psychological Association (APA)
Guechi, Maryam. 2020. The future of the banking industry in the era of digital transformation. Journal of Economic Integration،Vol. 8, no. 2, pp.341-353.
https://search.emarefa.net/detail/BIM-986461
Modern Language Association (MLA)
Guechi, Maryam. The future of the banking industry in the era of digital transformation. Journal of Economic Integration Vol. 8, no. 2 (Jun. 2020), pp.341-353.
https://search.emarefa.net/detail/BIM-986461
American Medical Association (AMA)
Guechi, Maryam. The future of the banking industry in the era of digital transformation. Journal of Economic Integration. 2020. Vol. 8, no. 2, pp.341-353.
https://search.emarefa.net/detail/BIM-986461
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 352-353
Record ID
BIM-986461