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Aspects of Technological Innovation in Financial Markets

Author

Listed:
  • Iulia Lupu

    (“Victor Slăvescu†Centre for Financial and Monetary Research,)

  • Adina Criste

    (“Victor Slăvescu†Centre for Financial and Monetary Research,)

Abstract

Financial markets have been significantly affected in recent decades by the effects of globalization, new regulations, the development of the Internet and of the communications system (including the reduction of operating costs) or new forms of trade. In this article we aim to clarify the main concepts used in the field of technological innovation in financial markets, but also to present the links between them. The factors that influence the technological development in finance are presented, as well as the influences that we can observe in the financial system, followed then by the market reaction materialized through mergers and acquisitions. The expansion of Fintech and the involvement of large technology companies in finance bring advantages and disadvantages, create opportunities, but at the same time raise many questions about future developments. If there are specific supervisory systems and regulations for the financial system, there is a regulatory gap in the technology sector.

Suggested Citation

  • Iulia Lupu & Adina Criste, 2020. "Aspects of Technological Innovation in Financial Markets," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 983-990, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:983-990
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    More about this item

    Keywords

    innovation on financial markets; technological development; Fintech;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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