Developments and Perspectives Regarding the Impact of Digital Transformation on the Banking System in Romania

Gabriela Traila ()
Additional contact information
Gabriela Traila: The West University of Timisoara, Romania

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 1, 1112-1122

Abstract: To understand the impact of digital technologies on the banking system, it is necessary to know the defining features and functioning of the banking system, as well as the particularities of banking services and products. This article intends to clarify these issues and identify the changes that have occurred over time in the banking system. Digital transformation is a priority for every bank. Investments in technology and innovation are objectives to be achieved for any bank and that's because the competitive environment is growing, and the mentality of consumers is changing. Digitalization is no longer a choice, but a necessity for both, society, and banks equally.

Keywords: banking system; digital banking; banking; customers; transactions; services (search for similar items in EconPapers)
JEL-codes: G21 M30 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/31.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1112-1122

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().