GLOBAL DEVELOPMENT TRENDS IN BANKING TECHNOLOGIES

Ivan Luchian and Angela Filip
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Ivan Luchian: International Institute of Management IMI-NOVA, Chisinau, Republic of Moldova
Angela Filip: Moldova State University, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2023, vol. 11, issue 1, 168-175

Abstract: Banking technology represents a solution for organizing the provision of financial services, ensuring certain functionalities, expertise in execution, infrastructure and hosting. Actually, the basic vector for the development of the modern banking industry is placed on the path of digitization and artificial intelligence application. A multitude of opportunities for banks is offered by neobanking, open banking, cloud banking, blockchain, hyper-automated banking, hyper-personalized banking, immersive technologies, banking of things, quantum computing, bank-as-a-service, super-app, uberization of banking. The implementation of new technologies has generated, together with a complex of benefits, certain additional cyber problems. Therefore, an important field in banking activity has become the strengthening of cyber security, as well as the prevention and combating of banking frauds in the digital space.

Keywords: banking; technology; digitalization; artificial intelligence (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2023
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