Cyberspace and E - Finance Dr
نویسنده
چکیده
Cyberspace already takes little note of national borders, which may eventually lose their significance for electronic commerce. Cyberspace and other innovative information technology (IT) have affected the financial system greatly moving from restricted proprietary systems to open networks. In the last 20 years, the financial services industry has witnessed dramatic changes, largely driven by globalisation, deregulation and consolidation. Moreover, technological advances helped make globalisation and consolidation feasible and encouraged deregulation. IT has accelerated the process of globalisation and deregulation facilitating the development of e-finance.
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