| More

Digitisation and technological challenges of the banking industry

Views: 514 Downloads: 421
Panagiotis Roumeliotis
Panagiotis Roumeliotis


The strong competition and digital revolution impose to the banks their profound transformation demanding a high cost on investments. The banking system should continue, at the same time, its efforts to disengage from non-productive assets as well as to reduce the running costs. Moreover, banks should consider becoming more flexible and productive, by taking advantage of the opportunities of the new digital economy and by ameliorating accordingly the offered services. The current paper discusses and analyses the challenges for the banks, regarding the technological evolution, the digitization of banking services and the technologies of blockchain and big data.


banks; digital transformation; blockchain; big data

Full Text:



Blythe, J., & Megicks, P. (2010). Planificacion de marketing. Londres, Inglaterra: Prentice Hall.

Hassani, H., Huang, X., & Ghodsi, M. (2017). Big data and causality. Annals of Data Science, 5, 133-156. doi: 10.1007/s40745-017-0122-3

Kharote, M., & Kshirsagar, V. P. (2014). Data mining model for money laundering detection-in financial domain. International Journal of Computer Applications, 85 (16), 61-64. doi: 10.5120/14929-3337.

Marabelli, M., Frigerio, C., & Rajola, F. (2012). Ambidexterity in service organizations: Reference models from the banking industry. Industry and Innovation, 19 (2), 109-126. Availa-ble at SSRN: https://ssrn.com/abstract=2644514.

Mayer-Schonberger, V., & Cukier, K. (2013). Big data: A revolution that will transform how we live, work, and think. New York, USA: Houghton Miffli Harcourt.


  • There are currently no refbacks.

Copyright (c) 2019 Panagiotis Roumeliotis

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.