DIGITAL TRANSFORMATION AND THE ROLE OF FINANCIAL STABILITY IN SUSTAINABLE DEVELOPMENT
The aim of this research paper is to present how digital transformation can be used to improve the efficiency and transparency of the financial sector, thus contributing to sustainable development. I will also explore how digitalisation can increase access to financial services for marginalised...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2024-10-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2024-05/27_Nioata.pdf |
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| Summary: | The aim of this research paper is to present how digital transformation can be used to improve the efficiency
and transparency of the financial sector, thus contributing to sustainable development. I will also explore how
digitalisation can increase access to financial services for marginalised communities and promote financial
inclusiveness. These issues could provide an interesting insight into how digital innovations can influence financial
stability in the context of sustainable development. Digital transformation can have a significant impact in promoting
sustainable development, by using them, organisations can improve operational efficiency, reduce resource
consumption and carbon emissions, and optimise production processes. Digitalization can increase access to
information and education, thus facilitating informed decisions on sustainability. Innovative solutions to
environmental, social and financial problems can be developed through digital technologies, helping to achieve
sustainable development goals. Digital transformation in the financial sector refers to the application of technologies,
such as big data, artificial intelligence, mobile platforms, blockchain, Internet of Things and more, that are applied to
deliver financial services and make financial and investment decisions. Sustainable finance refers to an investment
decision-making process in which ESG factors are carefully assessed, with a focus on increasing long-term investment
in sustainable projects and economic activities. Successfully integrating these two segments also means that the
business is implementing digital transformation in sustainable finance practice. |
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| ISSN: | 2344-3685 |