Open AccessFinancial Innovations, The Evaluation of Their Application in Southeastern Europe: The Case of The Republic of Moldova
Author(s) -
Maia Pisaniuc
Publication year - 2020
Publication title -
international journal of applied research in management and economics
Language(s) - English
Resource type - Journals
ISSN - 2538-8053
DOI - 10.33422/ijarme.v3i2.445
Subject(s) - element (criminal law) , order (exchange) , business , the republic , face (sociological concept) , finance , financial sector , financial system , political science , social science , philosophy , theology , sociology , law
Financial innovations are an invaluable element in the framework of knowledge economy. FinTech has already become a must-have for most countries in the world. These innovations represent a reformative element of the current banking activity, as well as a new innovative business model. The purpose of this paper is to analyze the development level of these innovations on the market in Romania and the Republic of Moldova. This study attempts to appreciation to which extent the economies of these countries are ready to face the challenges, which the tendencies and opportunities of the banks are in order to embrace the latest technologies and to evaluate the impact of the latest financial technologies on the banking sector in the Republic of Moldova.