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2025 JAN 4 (NewsRx) -- By a News Reporter-Staff News Editor at Obesity, Fitness & Wellness Week -- Investigators publish new report on social science. According to news originating from [...]

PURPOSE: The paper aims to identify the characteristics of the entities involved, the motivations and the processes of forming strategic alliances between a small cooperative bank and a fintech start-up. The paper bridges the research gap in the literature and explains the success factors of strategic alliance between considered entities. METHODOLOGY: We applied a typical qualitative research approach that consists of two steps. The first step was to develop an analytical framework to understand the critical success factors for the strategic alliance formation between banks and fintech start-ups. In the second step, we applied the analytical framework for a case study analysis, considering the strategic alliance between the Banca Popolare di Cortona and the NetFintech start-up. FINDINGS: Our research shows that there are different motives for strategic alliance formation for banks and fintech startups. From a theoretical point of view, banks' motivations are based on outsourcing, innovation, the evolution of the business model, competitive advantage, saving costs, improving service quality, and learning. The main motives for fintechs include access to customers, loans, banking license, economies of scale, trust, and credibility. In the empirical part, we found that the crucial success factors are strategic alignment and hybridization, competence and experience, cultural value and territorial closeness, and professionalism. IMPLICATIONS: The results develop the knowledge about the best conditions for cooperative banks and fintech start-ups strategic alliances. The main limitation is that the paper is based only on one case study and it is related to cooperative banks and does not embrace other groups of banks. For this reason, it can be a basis for further research in this area. The described case study can be a good example to compare other cases of such alliances. Cooperative banks and fintech start-ups involved in a strategic alliance should share the commitment at the governance level. Critical are also the procedures of the alliance formation. ORIGINALITY AND VALUE: This article provides two main contributions to the literature on the technology-driven transformations of the banking sector. First, we elaborated a theoretical framework of the critical success factors for the bank and fintech start-up strategic alliance formation. Second, we applied the framework with the bank-fintech start-up cooperation in the local market in Italy. Contrary to previous research, which focuses mainly on commercial banks, this article presents the relationship between cooperative banks and fintech start-ups. Keywords: incumbent bank, cooperative bank, fintech start-up, strategic alliance, success factors CEL: Celem artykutu jest identyfikacja cech charakteryzujqcych analizowane podmioty, motywacje oraz procesy tworzenia aliansow strategicznych pomiqdzy matym bankiem spotdzielczym a start-upem typu fintech. Artykut wypetnia lukq badawczq w literaturze dotyczqcej tej tematyki oraz wyjasnia czynniki sukcesu aliansu strate-gicznego zawieranego pomiqdzy badanymi podmiotami. METODYKA: Zastosowano jakosciowe podejscie badawcze, ktore sktada siq z dwoch etapow. Pierwszym krokiem byto opracowanie ram analitycznych, umozliwiajqcych zrozumienie kluczowych czynnikow sukcesu w tworzeniu aliansow strategicznych miqdzy bankami i start-upami typu fintech. Wdrugim kroku zastosowano ramy analityczne do analizy studium przypadku, ktorym byt alians strategiczny pomiqdzy Banca Popolare di Cortona i start-upem NetFintech. WYNIKI: Zprzeprowadzonych badah wynika, ze istniejq rozne motywy tworzenia aliansow strategicznych miqdzy bankami i start-upami typu fintech. Z teoretycznego puntu widzenia motywacje bankow opierajq siq na outsourcingu, innowacjach, ewolucji modelu biznesowego, przewadze konkurencyjnej, oszczqdnosciach, poprawie jakosci swiadczonych ustug oraz uczenia siq. Gtowne motywy fintechow to dostqp do klientow, pozyczki, licencja bankowa, ekonomia skali, zaufanie i wiarygodnosc. W czqsci empirycznej ustalono, ze gtownymi czynnikami sukcesu sq strategiczne dopasowanie i hybrydyzacja, kompetencje i doswiadczenie, wartosc kulturowa i bliskosc terytorialna oraz profesjonalizm. IMPLIKACJE: Wyniki poszerzajq wiedzq na temat aliansow strategicznych miqdzy bankami spotdzielczymi i start-upami typu fintech. Gtownym ograniczeniem jest to, ze artykut opiera sie tylko na jednym studium przypadku i dotyczy wytqcznie bankow spotdzielczych, pomijajqc inne rodzaje bankow. Moze on byc punktem wyjscia do dalszych badah w tym obszarze. Opisane studium przypadku moze byc dobrym przyktadem do porownywania innych przypadkow takich aliansow. Banki spotdzielcze i fintechy typu start-up zaangazowane w alianse strategiczne powinny dzielic swoje zaangazowanie na poziomie zarzqdzania. Istotne sq rowniez procedury tworzenia aliansow strategicznych. ORYGINALNOSCI WARTOSC: Artykut wnosi istotny wktad do dotychczasowych badah na temat transformacji sektora bankowego pod wptywem technologii finansowych w dwoch obszarach. Po pierwsze opracowalismy teoretyczny model kluczowych czynnikow sukcesu podczas budowania aliansow strategicznych miqdzy bankami a start-upami typu fintech. Po drugie, zastosowalismy nasz model w kontekscie ksztattowania aliansow strategicznych miqdzy bankami i startupami na lokalnym rynku we Wtoszech. Wprzeciwiehstwie do wczesniejszych badah, ktore dotyczq gtownie bankow komercyjnych, nasz artykut dotyczy relacji miqdzy bankami spotdzielczymi i start-upami typu fintech. Stowa kluczowe: banki tradycyjne, start-up fintechowy, alians strategiczny, czynniki sukcesu, INTRODUCTION The integration between banks and fintech start-ups belongs to an important topic in the financial ecosystem innovation and development (Zachariadis & Ozcan, 2017). The latest innovative processes show that [...]

This research work focuses on the risk management practices adopted by Commercial Banks in Nigeria that are related to the outsourcing of information systems (IS). The need for the research emerged from the lack of studies addressing these problems in developing countries in general and in this country in particular. The research reported in this paper shows that despite the globally increasing trend of IS outsourcing in the sector, Nigerian commercial banks are lacking in both strategic and operational risk management practices. Consequently, they are especially prone to the adoption inappropriate IS solutions and are vulnerable to IS failure and fraud. The research is empirically based drawing on an extensive literature and case study review as well as an extensive survey of banks in Nigeria. The main method of data collection was a questionnaire sent to 15 commercial banks, which was aimed at respondents in three distinct categories: executive management, systems managers and users. The analysis of the data included both a quantitative and an inductive qualitative approach. The latter was used to draw inferences on the current situation. The findings revealed that managers of commercial banks understand the nature of IS outsourcing and that they all agreed that adopting risk management practices is important. Nevertheless, the situation is critical. A significant proportion of the commercial banks have no documented and structured outsourcing strategy or policy; consequently no programme or procedural guidance is available at any level. The study also discovered that contrary to practice in developed countries, the regulatory authorities in Nigeria have not formulated substantive guidelines or procedural rules to be adopted nationally by commercial banks. Keywords: Information systems outsourcing; IS risk management; IS strategic thinking; Commercial bank

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