engleski

Current (international) financial system: technology effects and future perspectives

This paper aims to show the wider picture of the impact of technology on international finance. It discusses about technologies, which have had an influence on the current financial system. As technology is evolving, we are getting more and more interesting services in international finance. Since there are more transactions and payments, it is necessary to tackle the problems such as scalability, speed and risks of hacking attacks, as well as the problem of having a centralized system. This paper also gives a perspective on how the future of international finance will develop. Examples and explanations of technologies which will have impact on future financial system are further discussed, as well as who will likely try to solve current problems in international finance.

international finance, technology, innovation, (de)centralized system(s), perspectives

This paper was funded under the project line ZIP UNIRI of the University of Rijeka, for the project ZIP- UNIRI-130-7-20.