Aspects of Technological Innovation in Financial Markets

Iulia Lupu and Adina Criste

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 983-990

Abstract: Financial markets have been significantly affected in recent decades by the effects of globalization, new regulations, the development of the Internet and of the communications system (including the reduction of operating costs) or new forms of trade. In this article we aim to clarify the main concepts used in the field of technological innovation in financial markets, but also to present the links between them. The factors that influence the technological development in finance are presented, as well as the influences that we can observe in the financial system, followed then by the market reaction materialized through mergers and acquisitions. The expansion of Fintech and the involvement of large technology companies in finance bring advantages and disadvantages, create opportunities, but at the same time raise many questions about future developments. If there are specific supervisory systems and regulations for the financial system, there is a regulatory gap in the technology sector.

Keywords: innovation on financial markets; technological development; Fintech (search for similar items in EconPapers)
JEL-codes: G15 O33 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:1:p:983-990

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