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The Use of Financial Technologies in Promoting and Providing Services in the Financial Intermediation Industry

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  • Ioan Ovidiu Spătăcean

    (George Emil Palade University of Medicine, Pharmacy, Science, and Technology of Targu Mures, Gheorghe Marinescu, 38, Targu Mures, 540139, Romania)

  • Dorinel-Vasile Todoran

    (George Emil Palade University of Medicine, Pharmacy, Science, and Technology of Targu Mures, Gheorghe Marinescu, 38, Targu Mures, 540139, Romania)

Abstract

The research explores the use of technology in the financial intermediation industry and capital markets, highlighting the mutually developing relationship and the impact of technological innovations in democratizing access to financial markets and increasing transaction efficiency. The study highlights the advancement of the Fintech sector, which, through solutions such as trading bots, blockchain and artificial intelligence, is significantly improving financial services. While the implementation of new technologies opens up profit opportunities, it requires detailed analysis and careful risk management. Research also reveals investors' appetite for fintech tools, including artificial intelligence, but they prefer to retain direct control over investment decisions.

Suggested Citation

  • Ioan Ovidiu Spătăcean & Dorinel-Vasile Todoran, 2024. "The Use of Financial Technologies in Promoting and Providing Services in the Financial Intermediation Industry," Acta Marisiensis. Series Oeconomica, "George Emil Palade" University of Medicine, Pharmacy, Sciences and Technology of Târgu-Mureș, România - Faculty of Economics and Law, vol. 1, pages 61-70, December.
    • Handle: RePEc:pmu:oecono:v:1:y:2024:p:61-70
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