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dc.contributor.authorPolasik, Michal
dc.contributor.authorWidawski, Paweł
dc.contributor.authorLis, Andrzej
dc.date.accessioned2022-03-08T10:10:15Z
dc.date.available2022-03-08T10:10:15Z
dc.date.issued2022
dc.identifier.urihttps://library.oapen.org/handle/20.500.12657/53250
dc.description.abstract‘Challenger banks’ are banks or non-banking start-ups, the operations of which are based on digital technologies and which challenge big, traditional banks. It is a new approach to provide financial services, where an agile organization and new technologies are the key success factors. The aim of the study is to explore the operations of challenger banks and their new digital approaches to provide banking and investment services to retail customers as an innovation in the financial market. The case of Revolut is used as a unit of analysis. The study makes an attempt to identify and explore: (i) What product innovations have been implemented by Revolut in regard to the customers’ access to financial markets? (ii) How does Revolut compete with other challenger banks and traditional financial institutions? (iii) What are socio-economic consequences of innovations introduced by challenger banks? (iv) What is the legal formula of Revolut's operations? From the perspective of management theory, the study identifies the mechanisms of developing and implementing innovations in the financial sector, in the context of digital transformation and the changes in legal regulations.en_US
dc.languageEnglishen_US
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance::KFFK Bankingen_US
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KJ Business & management::KJD Business innovationen_US
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KJ Business & management::KJE E-commerce: business aspectsen_US
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KC Economicsen_US
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCB Macroeconomicsen_US
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Financeen_US
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCB Macroeconomics::KCBM Monetary economicsen_US
dc.subject.otherbond markets; digital financial markets; digital financial markets; Digitalization of Financial Markets; financial institutions; financial markets; financial technologies; FinTech; ICT impact financial markets; information and communication technologies; stock marketsen_US
dc.titleChapter 10 Challenger bank as a new digital form of providing financial services to retail customers in the EU Internal Marketen_US
dc.title.alternativeThe case of Revoluten_US
dc.typechapter
oapen.identifier.doi10.4324/9781003095354-5en_US
oapen.relation.isPublishedBy7b3c7b10-5b1e-40b3-860e-c6dd5197f0bben_US
oapen.relation.isPartOfBook9b47960a-f182-4557-808a-3578ee68ce99en_US
oapen.relation.isFundedBy405ca504-bdcb-41c2-aa6e-2af19926a275en_US
oapen.relation.isbn9780367558345en_US
oapen.relation.isbn9780367558406en_US
oapen.imprintRoutledgeen_US
oapen.pages20en_US


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