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Cooperative Banks and the New Technological Challenges in the Light of a Results Survey
Ewa Miklaszewska
Mateusz Folwarski
Krzysztof Kil
Marcin Idzik
Abstract
The 2008 crisis and post-crisis restructurisation have reviled many weaknesses and threats in the banking system, related both to growing regulatory costs and negative phenomena in the banking environment. They have affected both commercial and cooperative banks. Currently, another challenge is posed by the rapidly growing fintech sector and the growing importance of new technologies in the banking market. The attitude to new technologies will be one of the fundamental problems in strategic decisions of banks in the coming years. Therefore, the aim of the paper is to analyze what threats are currently faced by the Polish banking sector, especially cooperative banks, related to new technologies and a new competitive environment. In the empirical part of the paper, the authors analyses, based on a banking survey, whether in the opinion of commercial and cooperative banks, new technologies and competition with the fintech sector will bring a significant increase in risk and uncertainty in their further activity, or whether will help to strengthen the position of banks and the banking market. The question whether the response to digitization differs significantly between commercial and cooperative banks was particularly important.
Keywords:
cooperative banks, bank business model, digitalizationsMost read articles by the same author(s)
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