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The Struggle of Traditional Banking System in a New Era of Artificial Intelligence

Author

Listed:
  • Carmen GHELASE

    (Dunarea de Jos University of Galati, Romania)

  • Mihaela NECULITA

    (Dunarea de Jos University of Galati, Romania)

  • Arabela ICHIM

    (Dunarea de Jos University of Galati, Romania)

Abstract

In a new era of artificial intelligence, taking into account a new behavior of the customers oriented to offline, the traditional banking system struggle with these challenges and has to update their regulatory frame and use digital technologies. The various forms of collaborations between banks and robo-advisers or fintech became a study of research. This article pointed out the benefits and the disadvantages of the traditional banking in comparison with the alternatives and concluded with the best combination on financial planning.

Suggested Citation

  • Carmen GHELASE & Mihaela NECULITA & Arabela ICHIM, 2023. "The Struggle of Traditional Banking System in a New Era of Artificial Intelligence," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 139-143.
    • Handle: RePEc:ddj:fseeai:y:2023:i:1:p:139-143
    DOI: 10.35219/eai15840409329
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    References listed on IDEAS

    as
    1. Budnik, Katarzyna & Dimitrov, Ivan & Groß, Johannes & Lampe, Max & Volk, Matjaz, 2021. "Macroeconomic impact of Basel III finalisation on the euro area," Macroprudential Bulletin, European Central Bank, vol. 14.
    2. Peterson K. Ozili, 2018. "Impact of digital finance on financial inclusion and stability," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 18(4), pages 329-340, December.
    3. Ozili, Peterson Kitakogelu, 2018. "Impact of Digital Finance on Financial Inclusion and Stability," MPRA Paper 84771, University Library of Munich, Germany.
    4. repec:bre:polbrf:node_8525 is not listed on IDEAS
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