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Modeling The Process Of Implementing Banking Innovations In A Digital Economy

Author

Listed:
  • POSTOLACHE, Victoria

    (Alecu Russo Balti State University, Republic of Moldova)

  • BRANASCO, Natalia

    (Alecu Russo Balti State University, Republic of Moldova)

Abstract

Financial technologies have a significant impact on the functioning of the modern banking system. Technological companies such as Google, Microsoft, Intel, which previously did not provide banking products and services, are starting to play an increasingly important role in this industry. The objective need to modify approaches to the formation of innovative banking infrastructure and the implementation of modern financial and credit methods for managing banking innovations increases the importance of studying the processes of interbank competition. The article examines the changes in the main components of the innovative banking system under the influence of digital technologies. Special attention is also paid to the need to shape the process of introducing banking innovations into the digital economy. The object of the research is banking innovations and features of their development in the digital economy.

Suggested Citation

  • POSTOLACHE, Victoria & BRANASCO, Natalia, 2022. "Modeling The Process Of Implementing Banking Innovations In A Digital Economy," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 190-197, October.
    • Handle: RePEc:vls:rojfme:v:10:y:2022:i:1:p:190-197
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    References listed on IDEAS

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    3. Joel Waldfogel, 2016. "Cinematic Explosion: New Products, Unpredictabilty and Realized Quality in the Digital Era," Journal of Industrial Economics, Wiley Blackwell, vol. 64(4), pages 755-772, December.
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    More about this item

    Keywords

    financial technologies; banking innovations; digital economy;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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