Received: 2022-03-24  |  Accepted: 2022-08-23  |  Published: 2022-09-30

Title

Impact of selected factors on digitalization of financial sector


Abstract

The financial sector is introducing new services to meet consumer needs at a time of information society and rapid technological awareness growth. The study aims to summarize the existing global trends in banking sector digitalization and informatization and assess the impact of selected macroeconomic indicators on them. The World Bank's data were used for the principal analysis. We offer a novel model for evaluating relationships between banking digitalization and macroeconomic processes based on theoretically grounded assumptions. For a detailed study of banking informatization, countries with similar indicators ofResearchers in R&D per million people to Ukraine were selected (Romania, Cyprus, Ukraine, Malta, Croatia, Bulgaria, Latvia, Italy, and Poland). The research results allowed finding how our selected indicatorsaffect the development of digitalization of the financial sector. The obtained results may have practical economic politicy implications.


Keywords

investments, loans, analysis, risk, information, banks, digitalization, informatization, financial sector


JEL classifications

C51 , E27 , G20


URI

http://jssidoi.org/jesi/article/1000


DOI


Pages

358-377


Funding

The research is partly supported by a project financed by Scientific Council of Lithuania “The impact of Industry 4.0 technological progress on the development and value of the industrial production sector”. Agreement No. 09.3.3-LMT-K-712-19-0037

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Khalatur, Svitlana
Dnipro State Agrarian and Economic University, Dnipro, Ukraine https://www.dsau.dp.ua
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Tvaronavičienė, Manuela
Vilnius Gediminas Technical University (VILNIUS TECH), Vilnius, Lithuania https://vilniustech.lt
Daugavpils University, Daugavpils, Latvia https://du.lv
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Dovgal, Olena
Mykolayiv State Agrarian University, Mykolaiv, Ukraine https://www.mnau.edu.ua
University of Customs and Finance, Dnipro, Ukraine http://umsf.dp.ua
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Levkovich, Oksana
Dnipro State Agrarian and Economic University, Dnipro, Ukraine https://www.dsau.dp.ua
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Vodolazska, Oksana
Dnipro State Agrarian and Economic University, Dnipro, Ukraine https://www.dsau.dp.ua
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Journal title

Entrepreneurship and Sustainability Issues

Volume

10


Number

1


Issue date

September 2022


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 556  |  PDF downloads: 283

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