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

Author

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  • Gabriela Traila

    (The West University of Timisoara, Romania)

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.

Suggested Citation

  • Gabriela Traila, 2023. "Developments and Perspectives Regarding the Impact of Digital Transformation on the Banking System in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1112-1122, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:1112-1122
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%205/31.pdf
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    References listed on IDEAS

    as
    1. Berger, Allen N, 2003. "The Economic Effects of Technological Progress: Evidence from the Banking Industry," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(2), pages 141-176, April.
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    3. Elnahass, Marwa & Trinh, Vu Quang & Li, Teng, 2021. "Global banking stability in the shadow of Covid-19 outbreak," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 72(C).
    4. Mădălina Gabriela ANGHEL, 2015. "Model of Analysis of Electronical Instruments Services in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(605), W), pages 113-120, Winter.
    5. repec:agr:journl:v:4(605):y:2015:i:4(605):p:113-120 is not listed on IDEAS
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    More about this item

    Keywords

    banking system; digital banking; banking; customers; transactions; services;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General

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