Development of financial technologies and modern trends in the banking sector
Investigating the impact of financial technologies on banking reveals the importance of the development of this segment in the context of a rapidly changing financial landscape. Modern technologies are transforming not only the way financial services are provided, but also the very nature of financi...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Zhytomyr Polytechnic State University
2024-08-01
|
| Series: | Економіка, управління та адміністрування |
| Subjects: | |
| Online Access: | http://ema.ztu.edu.ua/article/view/309314 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Investigating the impact of financial technologies on banking reveals the importance of the development of this segment in the context of a rapidly changing financial landscape. Modern technologies are transforming not only the way financial services are provided, but also the very nature of financial relationships.
The article emphasizes the importance of analyzing modern trends in fintech, which accompany the rapid growth of this sector and determine new prospects for the banking sector. Special attention is paid to the analysis of the main challenges associated with the development of financial technologies and the determination of ways to solve these problems through the clarification of terminology and the introduction of the latest solutions in the field of cyber security.
The specified areas of development of financial technologies reflect a wide range of opportunities, including ensuring user convenience through the development of digital payment systems, mobile applications and various online platforms. At the same time, attention is focused on the importance of ensuring security and protection of information in connection with the growth of cyber threats and the development of the latest technologies in the financial sphere.
The importance of financial technologies as a key factor for increasing the competitiveness of banking institutions and ensuring wider access to financial services is highlighted. The detailed analysis of key areas of research in the field of financial technologies allows us to determine their role in shaping the future banking sector. The considered opportunities and prospects emphasize the importance of further research and understanding of these trends for the effective development of the banking sector. |
|---|---|
| ISSN: | 2664-245X 2664-2468 |