Triggers and Obstacles to the Development of the FinTech Sector in Poland

The article aims to show the opportunities for the formation of new FinTech startups in Poland and further development of the sector, as well as to identify the most critical threats. The study offers the descriptive and deductive analysis based on the literature review. The empirical part relies on...

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Main Authors: Agata Kliber, Barbara Będowska-Sójka, Aleksandra Rutkowska, Katarzyna Świerczyńska
Format: Article
Language:English
Published: MDPI AG 2021-02-01
Series:Risks
Subjects:
Online Access:https://www.mdpi.com/2227-9091/9/2/30
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author Agata Kliber
Barbara Będowska-Sójka
Aleksandra Rutkowska
Katarzyna Świerczyńska
author_facet Agata Kliber
Barbara Będowska-Sójka
Aleksandra Rutkowska
Katarzyna Świerczyńska
author_sort Agata Kliber
collection DOAJ
description The article aims to show the opportunities for the formation of new FinTech startups in Poland and further development of the sector, as well as to identify the most critical threats. The study offers the descriptive and deductive analysis based on the literature review. The empirical part relies on the data from external databases as well as the dataset collected in a survey run among the FinTechs in Poland in January 2020. The paper reveals that Poland is a fast-growing FinTech market which satisfies various requirements such as the number of secure Internet servers, mobile telephone subscriptions, the available labor force, as well as growing tertiary education enrolment. The crucial obstacles to the development of the sector is the uncertainty about the availability of skilled workers in the future and the lack of proper legal regulations.
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spelling doaj.art-fe0697ff43cf4898ac30dead60ba07b32023-12-03T11:53:06ZengMDPI AGRisks2227-90912021-02-01923010.3390/risks9020030Triggers and Obstacles to the Development of the FinTech Sector in PolandAgata Kliber0Barbara Będowska-Sójka1Aleksandra Rutkowska2Katarzyna Świerczyńska3Department of Applied Mathematics, Poznań University of Economic and Business, al. Niepodległości 10, 61-875 Poznań, PolandDepartment of Econometrics, Poznań University of Economic and Business, al. Niepodległości 10, 61-875 Poznań, PolandDepartment of Applied Mathematic, Poznań University of Economic and Business, al. Niepodległości 10, 61-875 Poznań, PolandDepartment of Economic Journalism and Public Relations, Poznań University of Economic and Business, al. Niepodległości 10, 61-875 Poznań, PolandThe article aims to show the opportunities for the formation of new FinTech startups in Poland and further development of the sector, as well as to identify the most critical threats. The study offers the descriptive and deductive analysis based on the literature review. The empirical part relies on the data from external databases as well as the dataset collected in a survey run among the FinTechs in Poland in January 2020. The paper reveals that Poland is a fast-growing FinTech market which satisfies various requirements such as the number of secure Internet servers, mobile telephone subscriptions, the available labor force, as well as growing tertiary education enrolment. The crucial obstacles to the development of the sector is the uncertainty about the availability of skilled workers in the future and the lack of proper legal regulations.https://www.mdpi.com/2227-9091/9/2/30FinTechdevelopmenteconomic environment
spellingShingle Agata Kliber
Barbara Będowska-Sójka
Aleksandra Rutkowska
Katarzyna Świerczyńska
Triggers and Obstacles to the Development of the FinTech Sector in Poland
Risks
FinTech
development
economic environment
title Triggers and Obstacles to the Development of the FinTech Sector in Poland
title_full Triggers and Obstacles to the Development of the FinTech Sector in Poland
title_fullStr Triggers and Obstacles to the Development of the FinTech Sector in Poland
title_full_unstemmed Triggers and Obstacles to the Development of the FinTech Sector in Poland
title_short Triggers and Obstacles to the Development of the FinTech Sector in Poland
title_sort triggers and obstacles to the development of the fintech sector in poland
topic FinTech
development
economic environment
url https://www.mdpi.com/2227-9091/9/2/30
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