The development and influence of the Fin-Tech industry on banking system

Digitalna transformacija obuhvatila je sve aspekte čovjekova djelovanja pa tako i bankarski sustav. Bankarski sustav se mijenja zahvaljujući velikom napretku u tehnologiji, uvođenju Interneta, procesima poput digitizacije, digitalizacije i ekonomske globalizacije. Također, bankarski sustav sve češće implementira različite inovativne procese i nove, sofisticiranije tehnologije koje čine poslovanje banaka i ljudsku svakodnevicu jednostavnijima. Nusprodukti revolucije u bankarstvu su uvođenje bankomata, kartično (engl. cashless) plaćanje, e-bankarstvo, m-bankarstvo, beskontaktno plaćanje i sl. No, kao produkt digitalne revolucije javlja se i FinTech industrija - tehnologija koja ima za cilj konkurirati tradicionalnim financijskim metodama u pružanju financijskih usluga te nastoji poboljšati i pojednostaviti financijske aktivnosti. FinTech poduzeća konkuriraju bankama naplaćujući svoje usluge znatno manje i nudeći mnoge druge benefite – brže se prilagođavaju tržištu i zahtjevima korisnika.The digital transformation encompassed all aspects of human activity, including the banking system. The banking system is changing thanks to great advances in technology, the introduction of the Internet, processes such as digitization, digitization, and economic globalization. Also, the banking system is increasingly implementing various innovative processes and new, more sophisticated technologies that make banks' operations and people's everyday lives simpler. The by-products of the banking revolution are the introduction of ATMs, cashless payments, e-banking, m-banking, contactless payments, etc. But the biggest by-product of the digital revolution is the FinTech industry - a technology that aims to compete with traditional financial methods in the provision of financial services and seeks to improve and simplify financial activities. FinTech companies compete with banks by charging for their services significantly less and offering many other benefits - they adapt faster to the market and customer requirements