Bank internetowy (digital-only bank) – nowy model bankowości

The aim of the chapter is to systematize the concepts related to digital-only banks, as well as a strategic analysis of the new banking model, which is the digital-only bank made using the SWOT method. The literature studies and analyses carried out have shown that there is a serious terminological chaos, which contributes to the misuse of concepts related to the FinTech sector for the purpose of characterising digital-only banks. Digital-only banks are FinTech institutions that have emerged after the global crisis of 2007–2009 and provide banking services under a full banking licence. These banks do not have subsidiaries, branches or offices and provide banking services only through mobile devices or the bank’s website. The SWOT analysis revealed that these institutions have many strengths and opportunities that they should competently exploit. However, it is noted that social resistance, fear of innovation or attachment to traditional banking may be barriers to the success of digital-only banks. At the same time, it seems that the coronavirus pandemic may contribute to the growing interest in digital-only banks.