THE PLACE OF FINANCIAL TECHNOLOGIES WITHIN INSTITUTIONAL ENVIRONMENT OF BANKS AND THEIR EVALUATION

• Autorzy: Šipilova Viktorija , Menshikov Vladimir , Baltgailis Jurijs
• Języki publikacji: EN

Abstrakty

EN

The article aims to clarify the place of financial technologies within institutional environment of banks and to consider approaches for their evaluation. For the purpose of the article, the authors use the experience presented in scientific literature. Financial technologies (widely called as Fintech) have great role for bank successful functioning and competing and can be considered as meaningful element of versatile nature of institutional environment of banks. In its sense, Fintech has not univocal definition. The main distinguishing feature between varied meanings for Fintech relates to understanding whether Fintech is innovative process or participant of financial market. However, all possible meanings devoted to the sense of Fintech relate to the core term - technologies. Thus, the place of Fintech within institutional environment of banks has to be clarified according to varied definitions, but related to technologies. As a result, according to the authors’ supposition Fintech place within institutional environment of banks could be included in the technological conjuncture and considered in context of impact (from Fintech), interaction (with Fintech) and integration (of Fintech). Similarly, the question on evaluation of Fintech is analysed according to their impact, interaction and integration. It is noteworthy that indicators used for evaluation of Fintech relate not only particularly to financial market and financial institutions but also to general characteristics when most of them represent also other scientific disciplines than economics. Mix of indicators used for Fintech evaluation demonstrates transdisciplinary approach for solving the questions of financial nature. The results of the study offer a structured approach to understanding the place of financial technologies within institutional environment of banks and a classified set of thematic indicators for evaluation of financial technologies.

Słowa kluczowe

EN

financial technologies (Fintech); banks; institutional environment; evaluation of financial technologies

• Wydawca: Daugavpils University, Institute of Humanities and Social Sciences
• Czasopismo: Sociālo Zinātņu Vēstnesis
• Rocznik: 2020
• Numer: 2
• Strony: 114-126

Twórcy

autor

Šipilova Viktorija,

autor

Menshikov Vladimir,

autor

Baltgailis Jurijs,

Identyfikatory

ISSN

1691-1881