Financialization of the Economy Versus Fintech Processes in the Perspective of 2030

The objective of the study is to assess any possible directions of the economic financialization development by the end of 2030. The paper tests the hypothesis that the process of financialization of the economy observed will be replaced by fintech processes reshaping the global economy. The research applies both qualitative and quantitative techniques. The application of Vector Autoregression (VAR) on time span 1984–2016 provides contradictory evidences. The financialization has the most significant impact on global GDP growth forecasting. The issues of technology and fintech are not so important and do not play such a significant role in response to shocks.