Open AccessINTRODUCTION OF FINTECH COMPANIES AND THEIR IMPACT ON THE FINANCIAL MARKET
Author(s) -
Е. Галчёнкова,
П. Чупса
Publication year - 2020
Publication title -
strategii biznesa
Language(s) - English
Resource type - Journals
ISSN - 2311-7184
DOI - 10.17747/2311-7184-2020-6-157-159
Subject(s) - fintech , financial crisis , financial innovation , business , financial market , finance , financial system , indirect finance , economics , financial services , macroeconomics
Over the past decade, financial technology has shown rapid development. There was a lot of discussion about what constitutes the field of financial technology and whether such technologies can replace the traditional financial market in the future. The global financial crisis of 2008 showed that the classic monetary policy instruments are not effective. Due to the fact that financial technologies are developing rapidly, the number of relevant and modern research on this topic is limited. So, the study of this issue is an urgent problem.