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The Digital Finance – opportunity of development in the new economy

Author

Listed:
  • 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)

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.

Suggested Citation

  • Burlacu Sorin & Ciobanu Ghenadie & Troaca Victor Adrian & Gombos Carol Cristina, 2021. "The Digital Finance – opportunity of development in the new economy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 392-405, December.
    • Handle: RePEc:vrs:poicbe:v:15:y:2021:i:1:p:392-405:n:42
    DOI: 10.2478/picbe-2021-0036
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    References listed on IDEAS

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    4. Ozili, Peterson Kitakogelu, 2018. "Impact of Digital Finance on Financial Inclusion and Stability," MPRA Paper 84771, University Library of Munich, Germany.
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