Selected countries of Eastern and Central Europe in the face of challenges of modern financial technologies (on the example of Robo-Advice)

Krzysztof Waliszewski

University of Economics in Poznań

Anna Warchlewska

University of Economics in Poznań


Abstract

The aim of this article is to diagnose the state of technological advancement in the field of personal finance in Eastern European countries on the example of automated financial advice. The considerations were based on the literature on the subject, and in the empirical part a critical analysis of secondary data from databases was made and the results of research on robo-advice and determinants that may affect the advancement of the use of modern tools in personal finance management were published. Based on the data analysis, it was concluded that technological sophistication in personal finance in the studied countries of Eastern and Central Europe was at a high level, as evidenced by the high concentration of assets and the growing number of robo-advice users.


Keywords:

personal finance management, modern financial technologies, robo-advice, open banking


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Published
2021-12-31

Cited by

Waliszewski, K., & Warchlewska, A. (2021). Selected countries of Eastern and Central Europe in the face of challenges of modern financial technologies (on the example of Robo-Advice) . Przegląd Wschodnioeuropejski, 12(2), 153–165. https://doi.org/10.31648/pw.6870

Krzysztof Waliszewski 
University of Economics in Poznań
Anna Warchlewska 
University of Economics in Poznań