MODELING THE PROCESS OF IMPLEMENTING BANKING INNOVATIONS IN A DIGITAL ECONOMY

Victoria Postolache and Natalia Branasco
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Victoria Postolache: Alecu Russo Balti State University, Republic of Moldova
Natalia Branasco: Alecu Russo Balti State University, Republic of Moldova

Journal of Financial and Monetary Economics, 2022, vol. 10, issue 1, 190-197

Abstract: Financial technologies have a significant impact on the functioning of the modern banking system. Technological companies such as Google, Microsoft, Intel, which previously did not provide banking products and services, are starting to play an increasingly important role in this industry. The objective need to modify approaches to the formation of innovative banking infrastructure and the implementation of modern financial and credit methods for managing banking innovations increases the importance of studying the processes of interbank competition. The article examines the changes in the main components of the innovative banking system under the influence of digital technologies. Special attention is also paid to the need to shape the process of introducing banking innovations into the digital economy. The object of the research is banking innovations and features of their development in the digital economy.

Keywords: financial technologies; banking innovations; digital economy (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2022
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