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- Title
Bankacılık Sektörüne bir Tehdit Unsuru Olarak Finansal Teknoloji Şirketleri.
- Authors
MENTEŞ, S. Ahmet
- Abstract
Due to its function, the Banking sector has a critical role in economic development. In the period following the 2007-2009 financial crisis, the Banking sector faced an increasing competition from financial technology firms. In this study the increasing competition between the Banking sector and financial technology firms is discussed around themes such as, consequences of technological developments and changing customer preferences. The Banking sector has to cooperate with financial technology firms in order to resist competition and adapt faster to technological developments. The most important advantage that the banking sector has is the customer trust that financial technology firms are yet to build.
- Publication
Balkan & Near Eastern Journal of Social Sciences (BNEJSS), 2019, Vol 5, Issue 1, p49
- ISSN
2149-9314
- Publication type
Article