Analyzing the Relationship Between Digital Transformation and Financial Innovation: The Future Exchange Platform as an Innovative Model in a Learning Environment for Finance and Markets

Abstract

The present study aims to explore the interactive dynamics between financial innovation and digital transformation. This aim is achieved by utilizing the virtual Future Exchange platform as an internet-based learning environment that replicates real financial markets by applying digital technologies. The study adopts an analytical approach for examining the theoretical concepts of financial innovation and digital transformation, as well as a practical approach for employing the platform. The study consists of three main sections. Section one elucidates the theoretical framework of financial innovation and digital transformation and their relation to each other. Section two elaborates on the applicative practice of the Future Exchange platform as an exemplary model of interactive research between financial innovation and digital transformation, such as the creation of the platform, general structure, and operation mechanisms. Section three is where the initiative and approach of the platform in enabling financial inclusion, along with research findings and recommendations, are explored.