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Finance Innovations

Author

Listed:
  • ALEKSANDRA STANKOVSKA

    (European University, Skopje, Faculty of Economics)

  • SAVICA DIMITRIESKA

    (European University, Skopje, Faculty of Economics)

  • ELIZABETA STAMEVSKA

    (European University, Skopje, Faculty of Economics)

Abstract

Financial innovation, especially the application of information and communication technologies, has already revolutionised the financial industry and will continue to do so in the future.The general definition of innovations explains that they appear when new ideas, solutions and instruments are implemented in order to change the conditions of business entity and to improve its situation. The concept of “financial innovation” can be defined as making and promoting new financial products and services, developing new processes to facilitate financial activities, to interact with customers and to design new structures for financial institutions.

Suggested Citation

  • Aleksandra Stankovska & Savica Dimitrieska & Elizabeta Stamevska, 2019. "Finance Innovations," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 16(2), pages 51-57.
    • Handle: RePEc:neo:journl:v:16:y:2019:i:2:p:51-57
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    More about this item

    Keywords

    Finance Innovation; Model; Literature Review;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets

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