Impact of FinTechs on the Banking Sector. Competitor or Partner for Traditional Banks?

Inhaltsverzeichnis (Table of Contents)

• 1. Introduction
• 2. Digital Revolution
  • 2.1 Drivers of digitization
  • 2.2 How digitization impacts the financial sector
    • 2.2.1 Classical bank model
    • 2.2.2 Innovations in the bank model
• 3. Overview of FinTechs variety
  • 3.1 Types of FinTechs
    • 3.1.1 Credit
    • 3.1.2 Payment technologies
    • 3.1.3 Wealth management
    • 3.1.4 Service provider
  • 3.2 Practical example N26
• 4. Impacts of FinTechs on the banking sector
  • 4.1 Risks and challenges concerning traditional banks
  • 4.2 How banks master the challenge
    • 4.2.1 Own technologies and brands
    • 4.2.2 Cooperation and partnerships
    • 4.2.3 Investments and acquisitions
  • 4.3 Recommendations for both sides
• 5. Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This dissertation aims to explore the relationship between FinTech companies and traditional banks, examining the impact of FinTechs on the banking sector and considering potential partnerships and competitive dynamics.

• The rise of FinTechs and their impact on the financial services industry
• The challenges and opportunities faced by traditional banks in a digital age
• The various types and activities of FinTech companies
• Potential partnerships and collaborations between banks and FinTechs
• The future of the financial sector in light of the FinTech revolution

Zusammenfassung der Kapitel (Chapter Summaries)

The first chapter introduces the concept of FinTechs and their significance in the financial sector, highlighting the increasing digitization and customer demand for innovative solutions. The second chapter explores the drivers of digitization, focusing on how these drivers affect the traditional banking model and its value chain. It further delves into the different types of FinTech companies, including credit, payment technologies, wealth management, and service providers. The chapter concludes with a practical example of the FinTech company N26. Chapter four examines the impacts of FinTechs on the banking sector, discussing the risks and challenges faced by traditional banks. It then explores how banks can adapt to these challenges through various strategies, such as developing their own technologies, forging partnerships with FinTechs, and making investments in the sector. The chapter concludes with recommendations for both sides.

Schlüsselwörter (Keywords)

The paper focuses on key terms and concepts such as FinTech, digital revolution, banking sector, digitization, innovation, customer behavior, risks and challenges, partnerships, investments, and the future of finance.