Business Models in Financial Technologies

Ebrahimi, Mona

doi:10.4018/978-1-6684-8368-8.ch005

Cited by 1 publication

(3 citation statements)

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“…possible to determine its outcomes in advance (Feyen et al 2021;Ebrahimi, 2023). Thus, we can agree with the authors' opinion on the unpredictability of the development of innovative technologies in the future.…”

Section: Discussionsupporting

confidence: 61%

“…Such innovations may include the development of new technical solutions, the introduction of new approaches to production, data analysis, and the creation of new products or services that meet modern consumer needs. Technological innovations are often aimed at increasing productivity, improving quality, and reducing costs in various sectors of the economy and society as a whole (Ebrahimi, 2023).…”

Section: Resultsmentioning

confidence: 99%

“…The author Ebrahimi, M. (2023) examines the success factors of business models in the fintech industry, including innovation, production efficiency, consumer demand, competitive advantages, and other key aspects. It also provides recommendations on how to create business models that have the potential to become successful in the international financial market.…”

Section: Literature Reviewmentioning

confidence: 99%

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International Financial Markets of the Future: Technological Innovations and Their Impact on the Global Financial System

2023

Futurity of Social Sciences

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Today, international financial markets are becoming not only catalysts for global economic growth but also a spectrum of unpredictable challenges and opportunities. The presence of technological revolutions has always determined and influenced the development of the financial sector, determining its ability to adapt to new conditions and changes. Today, among modern innovations, technological progress plays a central role in transformational changes in international financial markets, creating opportunities for efficiency and innovative solutions. The purpose of the study is to establish the theoretical, conceptual, and practical foundations of the impact of technological innovations on the global financial system in the context of international financial market development. To achieve this goal, the study defines the essence of the concepts of “technological innovations” and “international financial market”, systemises the main types of modern technological innovations; provides a perspective overview of the evolution of technological innovations in the context of the international financial market formation, analyses the impact of modern technological innovations on the global financial system, and identifies the main trends that predict the development of technological innovations in the context of the international financial market formation in the future. For the purpose of the study, general scientific methods of cognition were used, including a critical analysis of the existing scientific literature on the topic, comparative analysis, systematisation of practical experience of introducing technological innovations, and the method of establishing cause and effect relationships. The research includes the identification of modern types of technological innovations in the international financial market (blockchain technologies, artificial intelligence of fintech platforms, electronic money and digital currencies, crowdfunding, and PR projects). The study offers its own view on the stages of development and formation of technological innovations in the international financial market, as well as an assessment of the development of modern technological innovations in the financial market, including a forecast for the future. The study presents the main trends that determine the future development of technological innovations in the global financial market. Artificial intelligence, open banking, hyper-personalised banking, blockchain, the Internet of Things, cybersecurity, immersive technologies, digital robots and bots, and quantum computing are defining a new dimension of the financial sector, opening up new opportunities for improving services and optimising processes. The adoption of these technologies will contribute to a more innovative and competitive international financial market that can better meet customer needs and ensure the stability and security of financial transactions. Future research in this area could include a deeper analysis of the impact of specific technological innovations on different segments of the international financial market and the development of adaptation strategies for financial institutions. The research could also expand its scope and explore the relationship between innovation in finance and the global economy.

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Section: Discussionsupporting

confidence: 61%

Section: Resultsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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