Tehnologia financiară (Fintech) și implicații asupra stabilității financiare
Financial technology (Fintech) and implications on financial stability

Summary/Abstract: From its earliest days, financial services has successfully achieved higher levels of efficiency, speed and cost reduction, through the use of technology, but the current fintech revolution may deliver results that far surpass the benefits we’ve seen in the past. Recent innovations, such as distributed ledgers, cloud computing, artificial intelligence and robotics, have the potential to transform the global marketplace and produce significant changes in everything from market structure to post-trade processing. It’s no wonder that this has sparked rapid growth within the fintech industry, which now routinely attracts multi-billion dollar investment flows month over month. As the functional and geographical breadth of fintech grows larger, the discussion needs to evolve to also focus on the potential systemic risks posed by these new technologies and their impact on financial stability – both positive and negative.

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