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Please use this identifier to cite or link to this item: http://research.bfu.bg:8080/jspui/handle/123456789/1456

Автори: Bathija, Alwin
Ключови Думи: digitalization
banking sector
new business models
Issue Date: 2021
Издател: Бургаски свободен университет, 8000 Бургас, ул. "Сан Стефано" №62
Серия/Отчет но.: ТОМ XLIV;с. 297-313
Резюме: This publication is part of a broader examination with regards to digitalisation in the banking sector and the necessity of customer centric business models. The study also considers the importance of perpetual alignment between business models and customer needs to avoid market share losses. This research paper examines at the extent to which digitisation in the banking sector is needed and why customer centricity plays an important role. In terms of methodology, a divergence analysis between banks’ current business models and customer needs will be described which underpins the research question. This article presents recommendations for banks in terms of how to dynamize business models and optimization of channels. However, digitalisation in the banking sector is not only an ongoing trend, but also poses a significant challenge to most institutions. This article picks up on this and presents key challenges as well as opportunities for financial institutions to deal with it. An overview of digitalisation in the banking sector will be provided. It then takes a closer look at customer needs and the current business models in banks. The article is rounded off with recommendations for action and challenges for banks in digitalisation. This article supports the wider objective of an elaboration to define a model to enable the banking industry conducting a continuous analysis of defined input factors and resulting from that changed customer behavior to derive recommendations for action to change or keep the business model customer centric.
URI: http://research.bfu.bg:8080/jspui/handle/123456789/1456
ISSN: 1311-221X
Appears in Collections:2021

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