Possibilities for Financial Technology Sector Development and its Impact on Banking Sector Profitability in Lithuania
Research purpose. The development of financial technology sector (fintech) poses a challenge for traditional financial institutions. Therefore, it is important to analyze not only how financial technologies can change, but also how the fintech sector affects banks and their profitability. The aim of...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2019-06-01
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| Series: | Economics and Culture |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/jec-2019-0002 |
| _version_ | 1818587413874737152 |
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| author | Keliuotytė-Staniulėnienė Greta Smolskytė Gintarė |
| author_facet | Keliuotytė-Staniulėnienė Greta Smolskytė Gintarė |
| author_sort | Keliuotytė-Staniulėnienė Greta |
| collection | DOAJ |
| description | Research purpose. The development of financial technology sector (fintech) poses a challenge for traditional financial institutions. Therefore, it is important to analyze not only how financial technologies can change, but also how the fintech sector affects banks and their profitability. The aim of the paper is to analyze the possibilities for the development of financial technology sector and quantitatively evaluate its impact on the banking sector’s profitability in Lithuania. |
| first_indexed | 2024-12-16T09:08:28Z |
| format | Article |
| id | doaj.art-c567b530152c4856845d6708d5f39ab9 |
| institution | Directory Open Access Journal |
| issn | 2256-0173 |
| language | English |
| last_indexed | 2024-12-16T09:08:28Z |
| publishDate | 2019-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Economics and Culture |
| spelling | doaj.art-c567b530152c4856845d6708d5f39ab92022-12-21T22:37:02ZengSciendoEconomics and Culture2256-01732019-06-01161122310.2478/jec-2019-0002jec-2019-0002Possibilities for Financial Technology Sector Development and its Impact on Banking Sector Profitability in LithuaniaKeliuotytė-Staniulėnienė Greta0Smolskytė Gintarė1Vilnius University, Vilnius, LithuaniaVilnius University, Vilnius, LithuaniaResearch purpose. The development of financial technology sector (fintech) poses a challenge for traditional financial institutions. Therefore, it is important to analyze not only how financial technologies can change, but also how the fintech sector affects banks and their profitability. The aim of the paper is to analyze the possibilities for the development of financial technology sector and quantitatively evaluate its impact on the banking sector’s profitability in Lithuania.https://doi.org/10.2478/jec-2019-0002financial technologiesfinancial servicesbanking sectorprofitabilityg23q55g21 |
| spellingShingle | Keliuotytė-Staniulėnienė Greta Smolskytė Gintarė Possibilities for Financial Technology Sector Development and its Impact on Banking Sector Profitability in Lithuania Economics and Culture financial technologies financial services banking sector profitability g23 q55 g21 |
| title | Possibilities for Financial Technology Sector Development and its Impact on Banking Sector Profitability in Lithuania |
| title_full | Possibilities for Financial Technology Sector Development and its Impact on Banking Sector Profitability in Lithuania |
| title_fullStr | Possibilities for Financial Technology Sector Development and its Impact on Banking Sector Profitability in Lithuania |
| title_full_unstemmed | Possibilities for Financial Technology Sector Development and its Impact on Banking Sector Profitability in Lithuania |
| title_short | Possibilities for Financial Technology Sector Development and its Impact on Banking Sector Profitability in Lithuania |
| title_sort | possibilities for financial technology sector development and its impact on banking sector profitability in lithuania |
| topic | financial technologies financial services banking sector profitability g23 q55 g21 |
| url | https://doi.org/10.2478/jec-2019-0002 |
| work_keys_str_mv | AT keliuotytestaniulenienegreta possibilitiesforfinancialtechnologysectordevelopmentanditsimpactonbankingsectorprofitabilityinlithuania AT smolskytegintare possibilitiesforfinancialtechnologysectordevelopmentanditsimpactonbankingsectorprofitabilityinlithuania |