Enhancing investment management amid demographic shifts: Leveraging Fintech, internal control, internal audit and management systems

Abstract

The study is dedicated to analyzing the impact of population aging on economic systems, particularly in the countries of the European Union, and to identifying innovative mechanisms for adapting business and public governance to these changes. The article examines the key consequences of population aging, such as a declining share of the working-age population, increased pressure on social and pension systems, and slower economic growth. Special attention is given to the development of the silver economy, financial technologies (Fintech), and digital healthcare (telemedicine, wearable devices) as tools to support the quality of life of the elderly. Based on a SWOT analysis, the strengths, weaknesses, opportunities, and threats of implementing digital technologies in healthcare for the older generation are identified. The article substantiates the need to transform internal control, audit, and risk management systems within enterprises in response to demographic challenges. Proposed adaptation strategies include the introduction of flexible forms of employment, knowledge transfer programs, motivational mechanisms for older employees, as well as the integration of demographic risks into corporate management systems. The role of the state is emphasized in providing incentives for continued employment among retirees, developing telemedicine infrastructure, and supporting retraining programs. The findings of the study dem onstrate that population aging, in addition to posing challenges, also creates new opportunities for innovative development. An effective combination of financial technologies, adaptive management approaches, and social policy can turn these challenges into a source of stability and competitiveness amid global changes.