Impact of selected factors on digitalization of financial sector

Svitlana Khalatur (), Manuela Tvaronavičienė (), Manuela Tvaronavičienė (), Olena Dovgal (), Olena Dovgal (), Oksana Levkovich () and Oksana Vodolazska ()
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Svitlana Khalatur: Dnipro State Agrarian and Economic University, Ukraine
Manuela Tvaronavičienė: Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania
Manuela Tvaronavičienė: Daugavpils University, Latvia
Olena Dovgal: Mykolayiv State Agrarian University, Ukraine
Olena Dovgal: University of Customs and Finance, Ukraine
Oksana Levkovich: Dnipro State Agrarian and Economic University, Ukraine
Oksana Vodolazska: Dnipro State Agrarian and Economic University, Ukraine

Entrepreneurship and Sustainability Issues, 2022, vol. 10, issue 1, 358-377

Abstract: The financial sector is introducing new services to meet consumer needs at a time of information society and rapid technological awareness growth. The study aims to summarize the existing global trends in banking sector digitalization and informatization and assess the impact of selected macroeconomic indicators on them. The World Bank's data were used for the principal analysis. We offer a novel model for evaluating relationships between banking digitalization and macroeconomic processes based on theoretically grounded assumptions. For a detailed study of banking informatization, countries with similar indicators ofResearchers in R&D per million people to Ukraine were selected (Romania, Cyprus, Ukraine, Malta, Croatia, Bulgaria, Latvia, Italy, and Poland). The research results allowed finding how our selected indicatorsaffect the development of digitalization of the financial sector. The obtained results may have practical economic politicy implications.

Keywords: investments; loans; analysis; risk; information; banks; digitalization; informatization; financial sector (search for similar items in EconPapers)
JEL-codes: C51 E27 G20 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:10:y:2022:i:1:p:358-377

DOI: 10.9770/jesi.2022.10.1(19)

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