Financial Innovations in International Corporations. A Global Perspective
Financial Innovations in International Corporations. A Global Perspective

Summary/Abstract: Theoretical background: Modernized technology and digital transformation in the economy has changed business paradigms and innovation. the prevalence of contemporary digital financial innovation makes it easier for businesses to grow. New services, processes, or business models made feasible by digital technologies are increasingly referred to as financial innovation. For many firms, the use of information technology (It) systems and the associated software has progressed from being merely supportive to becoming a cornerstone of daily operations. Big shifts in society’s thinking accompany great innovations. The issues of financial innovations are examined in this research. We assume that financial breakthroughs will lead to a more effective use of resources, which will result in higher levels of capital productivity and economic expansion. this effect has been produced by numerous financial innovations.Purpose of the article: the main research objective of the study is to examine the effects of financial innovation on development of international corporations in connection with their national environments. Research methods: the analysis of the accounts of selected companies (case studies) was one of the re- search methods. We are focused on financial innovations in big Internet companies. there were conducted the macroeconomic comparison of the evolution of financial innovations over time (2010–2021) as well as correlation and regression analysis. the expenditure of financial innovation was used to gauge financial performance. In addition, cases and examples of financial innovations made by a small number of care- fully chosen significant worldwide firms while taking into account the particulars of their operations were presented. We analyzed the application of several examples for our study.Main findings: the results indicate a more nuanced continuum of practices, from unstructured methods through informal to formal decisions. Our findings demonstrate that financial innovations significantly and favourably affect the financial development of international corporations such as Alibaba Group, Amazon, Alphabet, Apple, Meta, Microsoft and Samsung.

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