From Credit Intermediation to Advising on Personal Finance Planning – the Transformation of Non-Bank Financial Intermediation Model in Poland Cover Image

Od pośrednictwa kredytowego do doradztwa w planowaniu finansów osobistych – ewolucja modelu niebankowego pośrednictwa finansowego w Polsce
From Credit Intermediation to Advising on Personal Finance Planning – the Transformation of Non-Bank Financial Intermediation Model in Poland

Author(s): Krzysztof Waliszewski
Subject(s): Business Economy / Management, Policy, planning, forecast and speculation
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: financial intermediation; credit intermediation; financial advisory; personal finance planning; non-bank financial intermediary;

Summary/Abstract: The article presents the stages of the evolution of non-bank financial intermediation in Poland – from credit intermediaries to financial planners. The evolution results from a number of factors: economic, social, regulatory and technological. Customers expect not so much selling a particular financial product but a solution to their financial problem, find the best deal. In the next few years, we expect consumers will apply a holistic approach to their financial flows, along with the diagnosis of goals and needs, and the document implementing these expectations will be a personal financial plan prepared by the financial planner. As shown in the article, consultancy in the area of holistic, personal financial planning now is better responding and in the future will respond to customer needs than intermediation in the sale of financial products

  • Issue Year: LI/2017
  • Issue No: 4
  • Page Range: 321-322
  • Page Count: 12
  • Language: Polish