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Financial Technologies (Fintech), Instruments, Mechanisms And Financial Products

Author

Listed:
  • Otilia MANTA

    (Athenaeum University, Bucharest, Romania)

Abstract

The holistic approach to the phenomenon of expansion of financial innovations and current financial technologies, as abbreviated as FinTech, knows very specific elements and adapted to the global financial context. Moreover, this new funding instrument has mainly emerged from the need to streamline the funding system, a technology-based system, or to provide financial services tailored to the current needs of consumers (especially those in need of funding, this is also the real reason for the coupling of fintech to the financial inclusion of those excluded financially), as well as the design of new, reliable financial products that respond to the market. Our personal experience in integrated consulting for small farmers in Romania (over 15,000 small farms benefiting from our services) as well as the design of a unique microfinance model in the Romanian market, the microfinance model „MicrofInance anTreprenor (MIT)†in 2017 with applicability in the Microfinance Micro-Enterprises (MSM) developed in the Romanian market and promoted the concept at European level through the European Microfinance Network (Brussels) under project ID 135486. The financial space is dual, presenting two often contradictory hypostases: the totality of entities, collection flows, on the one hand, and all entities, channels, stocks and placement flows, and in the current context of digital financial technologies, it is in the virtual space.

Suggested Citation

  • Otilia MANTA, 2018. "Financial Technologies (Fintech), Instruments, Mechanisms And Financial Products," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 52(4), pages 78-102, December.
    • Handle: RePEc:ath:journl:v:52:y:2018:i:4:p:78-102
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    Citations

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    Cited by:

    1. Yi Sun & Shihui Li & Rui Wang, 2023. "Fintech: from budding to explosion - an overview of the current state of research," Review of Managerial Science, Springer, vol. 17(3), pages 715-755, April.
    2. Simona Andreea Apostu & Mirela Panait & Làszló Vasa & Constanta Mihaescu & Zbyslaw Dobrowolski, 2022. "NFTs and Cryptocurrencies—The Metamorphosis of the Economy under the Sign of Blockchain: A Time Series Approach," Mathematics, MDPI, vol. 10(17), pages 1-13, September.
    3. Bălţoi Ion-Costel-Marius, 2020. "The fintech ecosystem in Romania," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 273-281, July.
    4. Mirela Clementina Panait & Simona Andreea Apostu & Iza Gigauri & Maria Giovanna Confetto & Maria Palazzo, 2024. "Defeating the Dark Sides of FinTech: A Regression-Based Analysis of Digitalization’s Role in Fostering Consumers’ Financial Inclusion in Central and Eastern Europe," Risks, MDPI, vol. 12(11), pages 1-18, November.

    More about this item

    Keywords

    financial technologies (fintech); financial inclusion and sustainable development;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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