Global Transformation of Financial Markets Under the Influence of Digital Technologies: New Models of Financial Intermediation (THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT)

Summary

• The study analyzes Market Sophistication indicators based on data from the Global Innovation Index 2025 across CEE economies.p.2
• Digitalization of the financial sector has transformed intermediation models and service delivery throughout the 21st century.p.2
• Academic literature from 2010–2024 highlights Ukraine's progress in adopting online banking and FinTech platforms.p.7
• The research paper was officially submitted on 01.07.2026 for editorial review.p.7
• The manuscript was accepted for publication on 25.07.2026 following peer review.p.7
• The analysis is published in Issue 22, Vol. 2 of the journal covering financial market developments.p.1

Key insights

1. Digital platforms, automated services, and big data analytics are replacing traditional financial intermediation models with integrated platform ecosystems.p.2
2. Ukraine demonstrates high levels of startup and scale-up financing support, but limited market capitalization and low venture capital activity hinder scaling.p.5
3. Poland possesses a high level of market capitalization and private credit, creating favorable conditions for venture capital and large-scale innovation.p.5
4. Romania exhibits active microfinance institution operations, providing financing flexibility for small businesses despite low stock market capitalization.p.5
5. Financial innovations segment into distinct clusters across key functions including payments, investment management, insurance, and capital mobilization.p.4
6. Integrating artificial intelligence, big data, blockchain, cloud computing, and open APIs automates financial operations across every stage of the service value chain.p.6