Considerations regarding FinTech and its multidimensional implications on financial systems
Considerations regarding FinTech and its multidimensional implications on financial systems
Author(s): Cristi Spulbăr, Ramona Felicia Birău, Toni Călugăru, Amir MehdiabadiSubject(s): Security and defense, Financial Markets, ICT Information and Communications Technologies
Published by: Editura Universitaria Craiova
Keywords: Blockchain Technology; Cryptocurrencies; Financial Cybercrimes; Cybersecurity; Banking Bitcoin; Technological Innovation; Shadow Banks;
Summary/Abstract: The main objective of this research paper is to provide an accessible framework for understanding blockchain technology, banking bitcoin and other cryptocurrencies. The global financial services sector is undergoing significant transformations due to the impact of FinTech revolution. FinTech industry includes a series of innovative technologies based on powerful analytical tools, advanced algorithms, software applications, big data analytics processing, high resolution e - trading softwares, powerfull charting tools, data - driven trading platforms, portfolio tracking on real - time data. Sustainable development of FinTech industry is necessary for the maintenance of functional financial system, especially in the context of globalization. Moreover, this research paper provides a relevant overview on FinTech. The financial system is an essential component of economic growth and macroeconomic stability, especially in the context of globalization. FinTech innovations provide potential advantages for all financial services users.
Journal: Revista de Științe Politice. Revue des Sciences Politiques
- Issue Year: 2020
- Issue No: 68
- Page Range: 77-86
- Page Count: 10
- Language: English