What does digital economy mean?

The digital economy in finance refers to the use of digital technologies, such as the internet, mobile devices, and data analytics, to conduct financial transactions, manage investments, and provide financial services. This includes online banking, digital payments, algorithmic trading, and the use of artificial intelligence and machine learning to make investment decisions. The digital economy has transformed the financial industry, enabling greater efficiency, convenience, and accessibility for both consumers and businesses. It has also led to the emergence of new financial products and services, such as peer-to-peer lending, robo-advisors, and cryptocurrency. Overall, the digital economy in finance represents a shift towards a more technologically advanced and interconnected financial system.