Have a personal or library account? Click to login
Fintech as an Enabler of Digital Economy Development in the Balkan Countries Cover

Fintech as an Enabler of Digital Economy Development in the Balkan Countries

Open Access
|Sep 2025

References

  1. Nawayseh, M. (2020). FinTech in COVID-19 and beyond: What factors are affecting customers’ choice of FinTech applications? Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 153.
  2. European Commission. (2022). Digital Economy and Society Index (DESI) Report. https://digital-strategy.ec.europa.eu/en/library/digital-economy-and-society-index-desi-2022
  3. European Commission. (2024). Digital Economy and Society Index (DESI) Report. https://digital-strategy.ec.europa.eu/en/policies/desi
  4. Fredes, I. & Matthiesesn, R. (2010), Overview on techniques in cluster analysis. Methods Mol Biol, 593, 81-107.
  5. Fu, J., & Mishra, M. (2022). Fintech in the time of COVID-19: Technological adoption during crises. Journal of Financial Intermediation, 50, 100945.
  6. Grigorescu, A, & Bortea, A. N. (2020). Global digital economy. Blockchain technology and public administrations. In R. Pamfilie, V. Dinu, L Tächiciu, D. Plesea, & C. Vasiliu (Eds.), 6th BAS/Q International Conference on New Trends in Sustainable Business and Consumption (pp. 198-205). Messina, Italy, 4-6 June 2020. ASE.
  7. Groth, D Hartmann, S., Klie, S„ & Selbi, B J. (2013). Principal components analysis. In Computational toxicology, pp. 527-547. Humana Press.
  8. Jovovic, N. (2023). Unprecedented Rise in the Digital Economy, in Fintech in The Context of The Digital Economy: Opportunities and Challenges. Université Côte d’ Azur, France. Balkan Institute of Science and Innovation – BISI, pp.39-54, 978-2-493478-01-6./
  9. Jünger, M., & Mietzner, M. (2020). Banking goes digital: The adoption of FinTech services by German households. Finance Research Letters, 34, 101260.
  10. Kaspar, M. (2021). Europe is losing the FinTech race. Here’s why. Investment Monitor, https://www.investmentmonitor.ai/insights/europe-is-losing-theFinTech-race-heres-why .
  11. Kherif, F., & Latypova, A (2020). Principal component analysis. In Machine learning, pp. 209-225. Academic Press.
  12. Lacovoiu, V., Stancu, A. (2017). Competition and consumer protection in the Romanian banking sector”. Amfiteatru Economic, 19(45), 381.
  13. Mexhuani, F., Ribaj, A. (2018). National Financial Inclusion Strategy for fighting against poverty and enhancing sustainable economic development in Albania, European Journal of Marketing and Economics, 1(2), 57-65.
  14. Najaf, K., Mostafiz, M. & Najaf, R. (2021). FinTech firms and banks sustainability. Why cybersecurity risk matters? International Journal of Financial Engineering, 8(2), 2150019.
  15. Ndou, V., Scorrano, P., Mele, G., & Stefanizzi, P. (2021). Fundraising activities and digitalization: Defining risk indicators for evaluating equity crowdfunding campaigns. Meditari Accountancy Research. Vol. 30 No. 4, pp. 1169-1190.
  16. Rabbani, M. R., & Khan, S. (2020). FinTech, blockchain and Islamic finance: An extensive literature review. European Research Studies, 23(1), 348-368.
  17. Richardson, M. (2009). Principal component analysis. http://people.maths.ox.ac.uk/richardsonm/SignalProcPCApdf
  18. Sadfakowski, D„ & Sobieraj, A. (2017). The development of the FinTeh industry in the Visegrad group countries. World Scientific News, 85, 10-18.
  19. Schipor, G. L, & Duhnea, C. (2020). The consumer acceptance of the digital banking Services in Romania: An empirical investigation. Journal of Balkan and Near East Stidoes, 7(3), 57-62.
  20. Sharma, G. D., Erkut, Jain, M., Kaya, T., Mahendru, M., Srivastava, M., Uppal, R. S., & Singh, S. (2020). Sailing through the COVID-19 crisis by using Al for financial market predictions. Mathematical Problems in Engineering, 2020, 1-18.
  21. Stefanovic, N., Barjaktarovic, L, Bataev, A (2021), „Digitainability and financial performance: Evidence from the Serbian banking sector”, Sustainability, 13(23), 13461.
  22. Syms, C. (2008). Principal components analysis. In W. Eugster, J. Sven Erik, & F. Brian (Eds.), Wind effects, encyclopedia of ecology (Vol. 2008, pp. 2940 2949). Academic Press.
  23. Taranyuk, P. (2022). Cash in no longer king, but some countries are holding out longer than others. Investment Monitor, https://vowv.investmentmonitor.ai/insights/cash-digital-physical-countries-europe
  24. Tintor, V. Advisory, S., Jovanović, N., Mark, P., Bocarova, V., and Bugarski, M. (2022). Western Balkans Digital Economy Society Index, Regional Cooperation Council, Sarajevo.
  25. Vasenska, 1., Dimitrov, P„ Koyundzhiyska-Davidkova, B„ Krastev, V„ Durana, P„ Poulaki, l. (2021), „Financial transactions using FinTech during the COVID-19 crisis in Bulgaria”, Risks, 9(3), 48.
  26. Vasile, V., Panait, M., & Apostu, S. A (2021). Financial inclusion paradigm shift in the postpandemic period. Digital-divide and gender gap. Intemational Jour nal of Environmental Research and Public Health, 18(20), 10938.
  27. Yue, X. G., Cao, Y., Duarte, N., Shao, X. F., & Manta, O. (2019). Social and financial inclusion through nonbanking institutions: A model for rural Romania. Journal of Risk and Financial Management, 12(4), 166.
  28. Wilks, D. (2011), Statistical Methods in the Atmospheric Sciences: An Introduction. International Geophysics..
Language: English
Page range: 185 - 203
Submitted on: Apr 16, 2025
|
Accepted on: May 19, 2025
|
Published on: Sep 1, 2025
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2025 Dušan Radulović, Nebojša Jovović, published by Central Bank of Montenegro
This work is licensed under the Creative Commons Attribution 4.0 License.