The Digital Finance – opportunity of development in the new economy

Burlacu Sorin (), Ciobanu Ghenadie (), Troaca Victor Adrian () and Gombos Carol Cristina ()
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Burlacu Sorin: Bucharest University of Economic Studies, Bucharest, Romania
Ciobanu Ghenadie: National Scientific Research Institute for Labour and Social Protection, Artifex University of Bucharest, Bucharest, Romania
Troaca Victor Adrian: Bucharest University of Economic Studies, Bucharest, Romania
Gombos Carol Cristina: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2021, vol. 15, issue 1, 392-405

Abstract: Information and telecommunications technology have altered society, the economy, and financial-banking activities globally in the previous few decades of development. The current stage of mass digitization is to design an increasing number of managerial, technical and technological tasks in all sectors of society and economic activity. It won’t fall behind the financial sector, where digitalization is already having a rapid impact on the financial service sector, with a wide range of products, applications, and different processes, as well as the development of business models that transform the traditional way financial services are provided. Technological advances have occurred in all areas of economic and financial activity, from the boardroom to the regulatory and supervisory bodies in both private and public finance. In this post, we’ll take a look back at the development of digital financial developers and rank them for the future.

Keywords: digital transformation; digital economy; digital finance; financial services; digitalization and information (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:15:y:2021:i:1:p:392-405:n:42

DOI: 10.2478/picbe-2021-0036

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