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Impact of selected factors on digitalization of financial sector

Author

Listed:
  • Svitlana Khalatur

    (Dnipro State Agrarian and Economic University, Ukraine)

  • Manuela Tvaronavičienė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

  • Manuela Tvaronavičienė

    (Daugavpils University, Latvia)

  • Olena Dovgal

    (Mykolayiv State Agrarian University, Ukraine)

  • Olena Dovgal

    (University of Customs and Finance, Ukraine)

  • Oksana Levkovich

    (Dnipro State Agrarian and Economic University, Ukraine)

  • Oksana Vodolazska

    (Dnipro State Agrarian and Economic University, Ukraine)

Abstract

The financial sector is introducing new services to meet consumer needs at a time of information society and rapid technological awareness growth. The study aims to summarize the existing global trends in banking sector digitalization and informatization and assess the impact of selected macroeconomic indicators on them. The World Bank's data were used for the principal analysis. We offer a novel model for evaluating relationships between banking digitalization and macroeconomic processes based on theoretically grounded assumptions. For a detailed study of banking informatization, countries with similar indicators ofResearchers in R&D per million people to Ukraine were selected (Romania, Cyprus, Ukraine, Malta, Croatia, Bulgaria, Latvia, Italy, and Poland). The research results allowed finding how our selected indicatorsaffect the development of digitalization of the financial sector. The obtained results may have practical economic politicy implications.

Suggested Citation

  • Svitlana Khalatur & Manuela Tvaronavičienė & Manuela Tvaronavičienė & Olena Dovgal & Olena Dovgal & Oksana Levkovich & Oksana Vodolazska, 2022. "Impact of selected factors on digitalization of financial sector," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(1), pages 358-377, September.
    • Handle: RePEc:ssi:jouesi:v:10:y:2022:i:1:p:358-377
    DOI: 10.9770/jesi.2022.10.1(19)
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    References listed on IDEAS

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    1. Altunbas, Yener & Marques-Ibanez, David & van Leuvensteijn, Michiel & Zhao, Tianshu, 2022. "Market power and bank systemic risk: Role of securitization and bank capital," Journal of Banking & Finance, Elsevier, vol. 138(C).
    2. Chen, Yehning, 2022. "Bank interconnectedness and financial stability: The role of bank capital," Journal of Financial Stability, Elsevier, vol. 61(C).
    3. Corbisiero, Giuseppe, 2022. "Bank lending, collateral, and credit traps in a monetary union," European Economic Review, Elsevier, vol. 144(C).
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Igor Fellype Loureiro Valenca Filgueiras & Fagner José Coutinho de Melo & Eryka Fernanda Miranda Sobral & Aline Amaral Leal Barbosa & Denise Dumke de Medeiros & Pablo Aurélio Lacerda de Almeida Pinto , 2024. "Analyzing the Benefits of Industry 4.0 Technologies That Impact Sustainability 4.0 in Banking Services," Sustainability, MDPI, vol. 16(14), pages 1-25, July.

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    More about this item

    Keywords

    investments; loans; analysis; risk; information; banks; digitalization; informatization; financial sector;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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