 INNOVATIONS IN DIGITAL FINANCEJournal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 275-279 Abstract: It is a fact that today we are confronted with the extraordinary impact that digitization plays in developing financial innovations, more precisely, we can say digital finance innovations. We must emphasize that social inclusion and financial progress are the results of the digital sector's digitization trend with a major impact on the work of financial and non-banking institutions. The creation of new distribution models (external agent networks, banks without the branch network), the emergence of new customer access opportunities and back office management are just a few of the financial sector challenges that are in the process continuous innovation and adaptation. The Fintech phenomenon has created new opportunities for customers, namely the rapid identification of financing for the development of their own businesses and the high flexibility of the award conditions. The use of this tool should become more concrete and consistent in Romania, and customers should be educated to master new digital tools. There is no doubt that there is a revolution! In the context of the financial crisis, microfinance continues to grow, providing new digital opportunities for new generation. Keywords: digital finance; fintech; sustainable development; innovation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:4:y:2017:i:1:p:275-279 Access Statistics for this article More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.