Traditional and new business models in the banking industry

The management of today's financial markets would be impossible without banks as the prime mediators in performing a large number of financial activities. The relationship established between banks and their clients is based on the exchange of financial resources and information, often in the l...

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Main Authors: Jatić Sead, Ilić Milena
Format: Article
Language:English
Published: Association of Serbian Banks 2018-01-01
Series:Bankarstvo
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2018/1451-43541801106J.pdf
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author Jatić Sead
Ilić Milena
author_facet Jatić Sead
Ilić Milena
author_sort Jatić Sead
collection DOAJ
description The management of today's financial markets would be impossible without banks as the prime mediators in performing a large number of financial activities. The relationship established between banks and their clients is based on the exchange of financial resources and information, often in the long run, in order to achieve numerous common goals. Over the past few decades, banks have advanced and improved their management in order to offer their clients top services. A large part of their business is founded upon innovations as well as specific strategies that have proven to be more or less successful. The business models that are applied in bank management are various, and by continuous innovation in this field banks strive to secure a significant competitive advantage in the market. Recent years have seen the strong competition in the global market and continuous seeking for the business models that could secure long-term business success to the banks. Innovations have been implemented in every segment of the banking business, and development of business models and strategies is the priority at every level of management in today's banks.
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spelling doaj.art-3bd2a9e4af3f4529a56adabce2cb59d42022-12-21T22:49:44ZengAssociation of Serbian BanksBankarstvo1451-43542466-54952018-01-014711061171451-43541801106JTraditional and new business models in the banking industryJatić Sead0Ilić Milena1Finance-Doc Multimanagement AG, Zürich, SwitzerlandVisoka škola strukovnih studija za informacione tehnologije - ITS, BeogradThe management of today's financial markets would be impossible without banks as the prime mediators in performing a large number of financial activities. The relationship established between banks and their clients is based on the exchange of financial resources and information, often in the long run, in order to achieve numerous common goals. Over the past few decades, banks have advanced and improved their management in order to offer their clients top services. A large part of their business is founded upon innovations as well as specific strategies that have proven to be more or less successful. The business models that are applied in bank management are various, and by continuous innovation in this field banks strive to secure a significant competitive advantage in the market. Recent years have seen the strong competition in the global market and continuous seeking for the business models that could secure long-term business success to the banks. Innovations have been implemented in every segment of the banking business, and development of business models and strategies is the priority at every level of management in today's banks.https://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2018/1451-43541801106J.pdfbusiness modelsbanksfinancial marketsstrategies
spellingShingle Jatić Sead
Ilić Milena
Traditional and new business models in the banking industry
Bankarstvo
business models
banks
financial markets
strategies
title Traditional and new business models in the banking industry
title_full Traditional and new business models in the banking industry
title_fullStr Traditional and new business models in the banking industry
title_full_unstemmed Traditional and new business models in the banking industry
title_short Traditional and new business models in the banking industry
title_sort traditional and new business models in the banking industry
topic business models
banks
financial markets
strategies
url https://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2018/1451-43541801106J.pdf
work_keys_str_mv AT jaticsead traditionalandnewbusinessmodelsinthebankingindustry
AT ilicmilena traditionalandnewbusinessmodelsinthebankingindustry