FinTech lenders on the consumer finance market in Central and Eastern Europe
Krzysztof Waliszewski
Poznań University of Economics and BusinessŁukasz Gębski
Warsaw School of EconomicsAbstrakt
The authors analyze the consumer finance markets in the countries of Central and Eastern Europe against the background of the markets of the EU countries and the Euro area, with particular emphasis on non-bank lending institutions that use financial technologies to grant loans to consumers. As research shows, these loans are more expensive than traditional consumer bank loans, but more accessible, more flexible and tailored to the needs of customers from different generations. Black swans – sudden, unpredictable events – do not, in principle, change the demand for consumer credit but merely slow the growth dynamics of the market, which returns to its pre-disruption level after some time.
Słowa kluczowe:
FinTech, LendTech, Consumer finance, Household finance, Household debt, EurozoneBibliografia
Adamek, J. | Solarz, M. (2023), Adoption factors in digital lending services offered by FinTech lenders. In: Oeconomia Copernicana. 14, 169-212. Google Scholar
Akhlaq, N. | Khan, T. | Khan, F. (2022), Role of fintech in bridging financial inclusion GAP: during and post-COVID 19 world. In: International Journal of Humanities, Law and Social Sciences. IX (1), 113-130. Google Scholar
Błach, J. | Klimontowicz, M. (2021), The Determinants of PayTech’s Success in the Mobile Payment Market ‒The Case of BLIK. In: Journal of Risk and Financial Management. 14, 422. https://doi.org/10.3390/jrfm14090422. Google Scholar
Cornelli, G. | Frost, J. | Gambacorta, L. | Julapa, J. (2022), The Impact of Fintech Lending on Credit Access for U.S. Small Businesses. In: FRB of Philadelphia Working Paper, 22-14. http:// dx.doi.org/10.21799/frbp.wp.2022.14. Google Scholar
Cornelli, G. | Frost, J. | Gambacorta, L. et al. (2020), Fintech and Big Tech Credit: A New Database. In: BIS Working Paper, 887. In: https://ssrn.com/abstract=3707437 (access: 10.05.2023). Google Scholar
EUROFINAS (2020), Annual 2020 survey results for consumer credit. In: https://www.eurofinas. org/annual-2020-survey-results-consumer-credit (access: 10.04.2023). Google Scholar
EUROFINAS (2021), European Consumer Credit Market on a Recovery Path in 2021. In: https://www.eurofinas.org/_flysystem/s3?file=Statistics/Annual%20statistics/_Eurofinas%20Annual%20 Survey%202021_Summary%20Report.pdf (access: 15.04.2023). 96 Google Scholar
FINTECH IN CEE (2016), https://www2.deloitte.com/content/dam/Deloitte/global/Documents/ About-Deloitte/central-europe/ce-fintech-in-cee-region-2016.pdf (access: 10.05.2023). Google Scholar
Hodula, M. (2022), Does Fintech Credit Substitute for Traditional Credit? Evidence from 78 Countries. In: Finance Research Letter. 46, Part B, Article 102469. https://ec.europa.eu (access: 10.05.2023). https://take-profit.org/en/statistics/consumer-credit (access: 15.05.2023). https://www.databridgemarketresearch.com (access: 15.05.2023). Google Scholar
Jagtiani, J. | Lemieux, C. (2019), The Roles of Alternative Data and Machine Learning in Fintech Lending: Evidence from the LendingClub Consumer Platform. In: Financial Management. 48 (4), 1009-29. Google Scholar
Laidroo, L. | Koroleva, E. | Kliber, A. et al. (2021), Business models of FinTechs – Difference in similarity? In: Electronic Commerce Research and Applications. 46, Article 101034. https:// doi.org/10.1016/j.elerap.2021.101034. Google Scholar
Liang, S. (2023), The Future of Finance: Fintech and Digital Transformation. In: Highlights in Business Economics and Management. 15, 20-26. Google Scholar
Mallinguh, E. | Zoltan, Z. (2020), An evaluation of the Fintech companies and the financial sector in Hungary. In: Economics & Working Capital. 1 (2), 2-9. Google Scholar
Perez, B. P. | de Groen, P. W. | Oliinyk, I. et al. (2021), Provision of actions to extend the availability and improve the quality of debt-advice services for European households. In: https://www.ecri. eu/publications/research-reports/provision-actions-extend-availability-and-improve-qality-debt-advice (access: 20.05.2023). Google Scholar
Pauknerowá, M. | Skalska, H. (2017), Enforcement and effectiveness of consumer law in the Czech Republic. In: Lawyer Quarterly. 7, 243-254. Google Scholar
Puszer, B. | Czech, M. (2022), The Impact of the COVID-19 Pandemic on the Consumer Credit Market in Eurozone Countries. In: Annales Universitatis Mariae Curie-Skłodowska. Sectio H, Oeconomia. 55, 49-71. DOI: 10.17951/h.2021.55.4.49-71. Google Scholar
Rakočević, S. B. | Rakić, N. (2023), The future of banking in FinTech era: Decentralized and embedded finance. Chapter in: Digital Transformation of The Fianncial Industry. DOI: 10.1007/978-3-031-23269-5_6. Google Scholar
Shala A. | Perri, R. (2022), Regulatory barriers for fintech companies in Central and Eastern Europe. In: Eastern Journal of European Studies. 13, 292-316. Google Scholar
Szpringer, W. (2019), Bigtechy w internecie czerpią władzę rynkową przede wszystkim z roli i znaczenia coraz większej puli danych (Big Data) od klientów. In: Studia BAS. 1 (57), 9-35. Google Scholar
Wachowski, M. (2020), Świadomość kredytowa w polskich gospodarstwach domowych w świetle badań własnych. W: Studia Ekonomiczne. Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach. 394, 104-124. Google Scholar
Waliszewski, K. | Cichowicz, E. | Gębski, Ł. et al. (2023), The role of the Lendtech sector in the consumer credit market in the context of household financial exclusion. In: Oeconomia Copernicana. 14 (2), 609-643. Google Scholar
Poznań University of Economics and Business
Warsaw School of Economics
Inne teksty tego samego autora
- Krzysztof Waliszewski, Anna Warchlewska, Selected countries of Eastern and Central Europe in the face of challenges of modern financial technologies (on the example of Robo-Advice) , Przegląd Wschodnioeuropejski: Tom 12 Nr 2 (2021): Przegląd Wschodnioeuropejski
- Krzysztof Waliszewski, Socio-economic determinants of financial inclusion in Central and Eastern Europe during the COVID-19 pandemic , Przegląd Wschodnioeuropejski: Tom 14 Nr 1 (2023): Przegląd Wschodnioeuropejski
- Krzysztof Waliszewski, Paweł Niedziółka, Do regulatory stringency and household indebtedness affect financial stability? An analysis of the market for non-bank lending institutions in selected Central and Eastern European countries , Przegląd Wschodnioeuropejski: Tom 16 Nr 1 (2025): Przegląd Wschodnioeuropejski
Podobne artykuły
- Krzysztof Waliszewski, Paweł Niedziółka, Do regulatory stringency and household indebtedness affect financial stability? An analysis of the market for non-bank lending institutions in selected Central and Eastern European countries , Przegląd Wschodnioeuropejski: Tom 16 Nr 1 (2025): Przegląd Wschodnioeuropejski
- Zbigniew Klimiuk, Uwarunkowania rozwoju stosunków finansowo-kredytowych krajów bloku radzieckiego z Zachodem w latach 80. XX wieku , Przegląd Wschodnioeuropejski: Tom 14 Nr 2 (2023): Przegląd Wschodnioeuropejski
- Krzysztof Waliszewski, Anna Warchlewska, Selected countries of Eastern and Central Europe in the face of challenges of modern financial technologies (on the example of Robo-Advice) , Przegląd Wschodnioeuropejski: Tom 12 Nr 2 (2021): Przegląd Wschodnioeuropejski
- Adam Oleksiuk, Alois Rašin – czeski i czechosłowacki ekonomista. Przegląd wybranych koncepcji, poglądów i doświadczeń , Przegląd Wschodnioeuropejski: Tom 12 Nr 2 (2021): Przegląd Wschodnioeuropejski
- Yana Glazova, Ganna Kostenko, Regional financial potential and sustainable development: lessons from Poland for Ukraine , Przegląd Wschodnioeuropejski: Tom 17 Nr 1 (2026): Przegląd Wschodnioeuropejski
- Alexandra Pletneva, Baby care: practices, texts and cultural conflicts , Przegląd Wschodnioeuropejski: Tom 8 Nr 1 (2017): Przegląd Wschodnioeuropejski
- Zdeněk Pikhart, Pavel Procházka, Impact of dividends and capital intensity of labour on real wages in post-communist economies , Przegląd Wschodnioeuropejski: Tom 14 Nr 2 (2023): Przegląd Wschodnioeuropejski
- Krzysztof Waliszewski, Socio-economic determinants of financial inclusion in Central and Eastern Europe during the COVID-19 pandemic , Przegląd Wschodnioeuropejski: Tom 14 Nr 1 (2023): Przegląd Wschodnioeuropejski
- Evgenii Kablukov, Joseph Stalin & Vladimir Putin: practices of the image construction of a political leader in the discourse of Soviet and Russian media , Przegląd Wschodnioeuropejski: Tom 11 Nr 2 (2020): Przegląd Wschodnioeuropejski
- Joanna Rybarczyk-Dyjewska, Без четырех углов дом не строится — rosyjskie ludowe praktyki magiczne związane z gospodarstwem domowym , Przegląd Wschodnioeuropejski: Tom 8 Nr 2 (2017): Przegląd Wschodnioeuropejski
Możesz również Rozpocznij zaawansowane wyszukiwanie podobieństw dla tego artykułu.
