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)

Abstract

The aim of this paper is to investigate the impact of digital technologies on the relationship between the financial sector and the real economy. The IT revolution brought with it new factors that affected the traditional banking market. New entities, FinTech companies, have appeared in the financial sector, and artificial intelligence AI has been used for commercial purposes more and more.

This paper finds the impact of digital technologies on the financial products market and the real economy. Furthermore, digital technologies also use traditional banks, including artificial intelligence (AI), to maintain their position in the financial market. Furthermore, the use of digital techniques can blur the line between financial and non-financial companies.

Keywords: traditional banking, FinTech, real economy, AI.

Keywords:

traditional banking, FinTech, AI, real economy

JEL Codes

F36, L1


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Pawłowska, M. (2024). The impact of digital technologies on the financial sector’s relationship with the real sphere: the role of artificial intelligence (AI). Safe Bank, 96(3), 58–76. https://doi.org/10.26354/bb.4.3.96.2024

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