Financial technologies and their development in the context of digitalization of banking activities

Zverev Alexey Vitalievich, Karavaeva Yulia Sergeevna, Mandron Victoria Valerievna

Russian banks are characterized by active participation in the processes of digitalization and the introduction of the latest financial technologies. This trend has penetrated into all areas of activity of credit institutions, without it, their progressive development is currently not possible. Such a circumstance is justified by the consistently high ratings of the financial and banking sector, both at the national and international levels. This article examines the stages of transformation of the banking system caused by the processes of digitalization of the country's economy, current trends in mobile banking, their advantages and disadvantages, and the distinctive features of the external and internal environment factors that affect the processes of introducing new financial technologies into banking practice. On the basis of the conducted analysis, the necessity of developing and making strategic decisions regarding the effectiveness of digitalization of the financial and banking sector was justified, taking into account the degree of influence of exogenous and cognitive factors on this process, as well as the negative impact of risks associated with informatization and robotics in this area.

Keywords:financial and banking system, financial technologies, transformation, digitalization, impact factors, efficiency.