TRANSFORMING THE FINANCIAL ECOSYSTEM THROUGH INNOVATION: INNOVATIVE FINANCIAL INSTRUMENTS, DIGITAL FINANCE, AND OPEN FINANCE IN THE ERA OF DIGITALIZATION

MANTA, Otilia Elena

doi:10.65672/jfme.2025.1.11

TRANSFORMING THE FINANCIAL ECOSYSTEM THROUGH INNOVATION: INNOVATIVE FINANCIAL INSTRUMENTS, DIGITAL FINANCE, AND OPEN FINANCE IN THE ERA OF DIGITALIZATION

Authors

MANTA, Otilia Elena — Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania

Landing page: https://www.icfm.ro/jfme.icfm.ro/articles/vol13i1p128-138.html

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DOI: 10.65672/jfme.2025.1.11

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Abstract

This paper explores the transformative impact of innovative financial instruments, digital finance, and open finance on the resilience and inclusiveness of modern financial ecosystems. The main objective is to assess how digital innovation supports systemic stability and financial accessibility, particularly in vulnerable or underserved regions. A mixed-methods approach is employed, combining qualitative analysis of policy and regulatory frameworks with quantitative assessment of fintech adoption rates, financial inclusion indicators, and economic resilience metrics. Case studies from both developed and emerging economies are analyzed to identify how open finance tools—such as mobile payments, API-based platforms, and digital identity solutions—enhanceability adapt in times of crisis. Preliminary results show that countries fostering inclusive financial innovation through regulatory flexibility, public-private partnerships, and open banking initiatives tend to demonstrate stronger financial resilience and improved access for marginalized populations. The findings underline the potential of digital finance as a structural mechanism for achieving long-term economic stability and inclusive growth.

JEL Classification

G21, O33, E

Keywords

digital finance, financial innovation, open finance, financial inclusion, economic resilience

How to cite

MANTA, Otilia Elena (2025). TRANSFORMING THE FINANCIAL ECOSYSTEM THROUGH INNOVATION: INNOVATIVE FINANCIAL INSTRUMENTS, DIGITAL FINANCE, AND OPEN FINANCE IN THE ERA OF DIGITALIZATION. Journal of Financial Management and Economics, 13(1), 128-138. DOI: 10.65672/jfme.2025.1.11.

RePEc record

Handle: Repec:vls:rojfme:v:13:y:2025:i:1:p:128-138