Modeling the Process of Introducing Banking Innovations Based on Financial Engineering in the Digital Economy
Keywords:
risk management, financial services, financial inclusion, economic growth, banking innovationsAbstract
This study explores the integration of financial engineering principles in advancing banking innovations within the digital economy. It models the process of implementing cutting-edge financial technologies—such as blockchain, artificial intelligence, and machine learning—to enhance banking operations, improve risk management, and optimize financial services. By examining case studies and theoretical frameworks, the research highlights how these innovations streamline operations, foster financial inclusion, and drive economic growth. The findings underscore the importance of adapting traditional banking practices to contemporary digital advancements, offering a roadmap for financial institutions to leverage technology for competitive advantage and enhanced customer experiences.
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