Financial Technologies as a Driver of the Digital Economy

Kostiantyn Shurupov

Citation: Kostiantyn Shurupov, "Financial Technologies as a Driver of the Digital Economy", Universal Library of Business and Economics, Volume 02, Issue 02.

Copyright: This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

The article examines the role of financial technologies (FinTech) in shaping the digital economy. The main focus is on mobile payments, open finance, and embedded financial solutions. The factors contributing to the growth of the industry as well as its impact on company business models, the competitiveness of the banking sector, and consumer behavior are analyzed. Statistical data on the growth of the FinTech market and forecasts through 2030 are provided.


Keywords: Financial Technologies, FinTech, Digital Economy, Mobile Payments, Open Finance, Embedded Finance, Digital Transformation, Banking Ecosystems.

Download doi https://doi.org/10.70315/uloap.ulbec.2025.0202013