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Published: 2024-12-23

The impact of digital technologies on the financial sector's relationship with the real sphere: the role of artificial intelligence (AI)

Małgorzata Pawłowska Logo ORCID
Section: Problems and Opinions
https://doi.org/10.26354/bb.4.3.96.2024

Abstract

The aim of the paper is to examine the impact of digital technologies on the relationship between the financial sector and the real economy. The digital revolution has changed the traditional banking market. New entities, FinTech companies, have appeared in the financial sector, and artificial intelligence has been used for commercial purposes on an increasingly large scale. Digital technologies are also using traditional banks, including artificial intelligence (AI), to maintain their position in the financial market in new market conditions. The analysis based on a review of the literature, confirms the impact of digital technologies on the financial products market and the economy. New business models on the financial market based on digital platforms have contributed to significant changes, which have reduced the asymmetry of information. In addition, new concentration and cybersecurity risks have emerged.

JEL Codes

F36, L1

Vol. 96 No. 3 (2024)
Published: 2024-12-22


ISSN: 1429-2939
eISSN: 2544-7068
Ikona DOI 10.26354

Publisher
Bankowy Fundusz Gwarancyjny

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