Transformation Fights in the Financial Markets: Digital Banking vs Traditional Banking

Year 2021, Volume: 23 Issue: 4, 1419 - 1440, 29.12.2021

Gizay Daver

https://doi.org/10.32709/akusosbil.888155

Cited By: 2

Abstract

The process of change in the World and technological progress bring their twinge to the financial markets. Moving out of the traditional is sometimes perceived as competition and sometimes as excitement. Learned patterns of doing business in the Turkish banking sector is being questioned. Is digital banking a rival to traditional branch banking? Is it a technological development supporting traditional banking? If they are different sides of a coin, wouldn’t the way of doing business in traditional banking leave its place to FinTech companies while diminishing and abolishing in the history? If so, wouldn’t the graduates of over the 55 faculty and schools of applied sciences giving education in their finance and banking departments be a zero economic value added workforce to the economy? This study tries to answer the questions presented here while revealing the relationship between traditional branch banking and digital banking. In this context, digital banking development data gathered from the Banks Association of Turkey and the bank branches data acquired from the Banking Regulation and Supervision Agency of Turkey were subject to econometric analyses. Phillips Perron, Johansen cointegration, Granger causality tests were used to identify whether the digital banking and traditional banking are completely different independent progress areas or an evolution progress of intertwined ties.

Keywords

Financial markets and institutions, banking, digitalization

Finans Piyasasında Dönüşümün Kavgaları: Dijital Bankacılık Geleneksel Bankacılığa Karşı

Abstract

Teknolojik ilerleme ve dünyadaki değişim süreci, sancılarını finansal piyasalara da beraberinde getirmektedir. Uzun yıllardır süren alışkanlıklar ve geleneksel iş yapma biçimleri, çağa uyum çabası çerçevesinde yerini yeni gelişmelere bırakmak zorunda kalmaktadır. Alışılmış olanın (“gelenekselin”) dışına çıkmak kimi zaman rekabet, kimi zaman heyecan olarak algılanmaktadır. Bu çalışma Türk bankacılık sisteminde iş yapma biçimlerinde son 15 yıldaki gelişmeleri öğrenilmiş kalıpları sorgulayarak ele almaktadır. Dijital bankacılık, geleneksel şube bankacılığına rakip ve geleneksel bankacılığın alternatifi midir, yoksa geleneksel bankacılığı destekleyen bir teknolojik gelişme midir? Geleneksel bankacılık ve dijital bankacılık madalyonun tamamen farklı iki yüzüyse dönüşüm sürecinde geleneksel bankacılık iş yapma biçimleri kaybolup yerini FinTek firmalarına bırakmaz mı? Elli beşin üzerinde dört yıllık eğitim veren finans ve bankacılık bölümü, ekonomik katma değeri olmayan iş gücünü piyasaya arz etmez mi? Burada sunulan temel sorulara cevap aramak ve dijital bankacılık ile geleneksel şube bankacılığı ilişkisini açığa çıkarmak amacıyla bu çalışma dizayn edilmiştir. Bu kapsamda Türkiye Bankalar Birliği ve Bankacılık Düzenleme ve Denetleme Kurumundan edinilen geleneksel şube verileriyle, dijital bankacılık gelişmeleri ekonometrik analize tabi tutularak değerlendirilmiştir. Phillips Perron durağanlık testi, Johansen Eş-bütünleşme testi ve Granger nedensellik testi ile dijital bankacılık ve geleneksel bankacılığın tamamen bağımsız iki ayrı gelişme alanı mı, birbiriyle iç içe geçmiş bağları bulunan bir evrim süreci mi olduğu sorgulanmıştır.

Keywords

Finansal piyasalar ve kurumlar, bankacılık, dijitalleşme

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