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The Impact of Technologic Innovation on Business in the Financial-Banking Field

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  • Claudia Isac

    (University of Petrosani)

Abstract

The innovation in the financial-banking field is determined by the progress of the IT technology, therefore in this paper we have identified several variables that corroborate the identification and development of a particular field, respectively the Fintech field. Being approached from the perspective of business development but also as a consequence of the quickening development of online tools, Fintech is a reality and a direct consequence of the entrepreneurial skills of some innovators of the younger generations. Thus, after a presentation of the Fintech aspects, we synthetically addressed the legal regulations in the field and the specific security instruments. At the end of the paper I showed what the specific elements of the development of the online banking system are and synthesized the advantages of the functioning of such banking institutions.

Suggested Citation

  • Claudia Isac, 2019. "The Impact of Technologic Innovation on Business in the Financial-Banking Field," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 122-126, December.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:2:p:122-126
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    More about this item

    Keywords

    fintech; financial-banking field; technologic Innovation; online banking system;
    All these keywords.

    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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