The banking sector in Poland. Current situation and trends 2023
The banking sector in Poland plays a crucial role in the country's economy. It has been developing dynamically for years, introducing new technologies and financial products that make it easier for an increasingly wide range of individual and corporate clients to access banking services. However, in recent times, the Polish banking sector has encountered numerous challenges and problems.One of the biggest developmental barriers for the Polish banking sector is high fiscal and regulatory burdens, which have had a negative impact on profitability and efficiency, especially in the last few years. Additional burdens on the banking sector have been imposed by the provisions of the Act on Aid for Borrowers, which came into effect on August 1, 2022, introducing mortgage holidays for customers with loans denominated in PLN.
Gaming - growth potential in times of turbulence
Gaming remains a thriving industry in the digital economy both in Poland and globally. Covid has driven dynamic and operational growth in this area, with multiple IPOs, M&As worldwide. Taking into account the PC and console segments, companies point out that the catalyst for effects will be new title launches scheduled for the next few years. It will lead to some sinusoids in results, too. After the pandemic jump, most companies experience an overall decline in the nominal number of gamers, yet, their engagement continues to be high. On the other hand, revenues from live services and the sale of digital goods in games considerably contribute to current outcomes, smoothing out the seasonality of those results, accordingly.
Robotics in the wake of the 4th Industrial Revolution
Automation solutions have been known for some time, though the current trends such as rising labour costs, artificial intelligence or even the transformation towards electric cars suggest their dynamic growth over the next few years. The examples of UiPath and VersaBox show the potential of developing these technologies in the CEE region, as well as the inseparability of robotics and machine learning.
Economic Snapshot | Poland
Poland's GDP in the first half of 2021 has recovered to pre-pandemic levels. Compared to the previous year, GDP grew by 5. 3%. Poland’s annual inflation rate accelerated for the sixth straight month to 8.6% and weakened the position of the Polish zloty against the EUR and USD.
Cryptocurrencies: the gold standard of the 21st century?
Over the past 3 years, Bitcoin price surged over 12 fold. This is a well-known fact, but it reflects the ever-growing popularity of cryptocurrencies. These are vast fluctuations that cryptocurrencies are associated with, but their applications go far beyond than merely investments. In the future, their applications can shift from network ones such as Bitcoin and Ethereum towards private use. They can be used to finance projects through Initial Coin Offerings, serve as a medium of exchange in the Metaverse, and due to the recent moves of central banks, even complement traditional money! More about them can be found in link. Więcej na ich temat w artykule pod tym linkiem.
Neo-banks: New lending market disruptors?
Fintechs operating exclusively in the online sphere, have so far been associated primarily with applications that allow for management of personal finance and currency exchange with zero commission. Lending remained mainly an expertise of traditional banks, however, in this aspect there has been a significant shift recently.
Insurtech as a driver of digital disrupt in the insurance business.
In 2016, the Insurtech barely existed in the internet sphere and the term itself was vague and imprecise. Today, in only 0.77 seconds Google Search generates over 5 million results, while Insurtech companies are not only a point of interest of venture capitalists, but also major insurers uncertain about their future competitive advantages.
FinTech & InsurTech Digital Congress
On March 18-19, DFCM had the honor of participating in the FinTech & InsurTech Digital Congress conference with the participation of the leaders of the insurance and banking industries in the context of the growing pressure from fintechs and insurtechs and the challenges after the coronavirus pandemic.
MCI.EuroVentures Completes Partial Sale of Stake in Netrisk to TA Associates
WARSAW and BUDAPEST, 8 January 2020 – MCI Group, a leading Central European private equity firm with headquarters in Warsaw (Poland), announced today that their Fund MCI.EuroVentures is selling a portion of its shares in Netrisk, the leading online insurance brokerage in Hungary, to global growth private equity firm TA Associates for EUR 55 million (PLN 235 million). As a result of the partial exit, MCI.EuroVentures (buyout fund of MCI Group) has realized a return on investment of 3.0x CoC and 73% IRR.
Poland | Impact of COVID-19 Pandemic, Forecast
The Polish economy is set to be the least affected in the EU by the Covid-19 pandemic, despite the virus bringing an end to around three decades of uninterrupted economic growth in Poland
FinTech&InsurTech – Kongres w Warszawie z udziałem DFCM.
Following our partnership we were honoured to inaugurate today an annual Fintech&Insurtech Congress: an elite forum for the exchange of thoughts on the development of technology in the financial and insurance sectors. The Keynote Speech delivered by our CEO Jarosław Dąbrowski looked holistically at the world post-COVID-19 emphasizing shifts in FinTech and InsureTech Landscape.
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