AN INTEGRATED APPROACH TO ASSESSING THE IMPACT OF FINANCIAL INNOVATIONS ON THE NATIONAL ECONOMY

Lozovoy Evgeniy Viktorovich

The article discusses issues of assessing the effectiveness of financial innovations. In modern theory and practice, there is still no single concept for assessing the effectiveness of financial innovations and their impact on the national economy. The use of individual approaches (technocratic, economic or others) to assessing the effectiveness of innovations is not enough to fully assess the impact of innovations; it is necessary to use an integrated approach, which will include a system of consistently applied methods of structural analysis and multi-criteria optimization to determine the normalized usefulness of innovations and resource costs for each of them. To use an integrated method, a certain system of selection criteria for ranking innovative projects is required, the creation of which is possible provided that the final result is distributed into individual components (effects). It is difficult to calculate all the effects taking into account the peculiarities of innovation, while some effects are based on expert opinion and are subjective in nature. The rapid development of technology and digitalization of the economy make it possible to optimize and automate the process of assessing objective and subjective factors, opening up the opportunity to improve methods for assessing the impact of financial innovations on the national economy. One of the promising opportunities for improving methods for assessing financial innovations is the use of a digital simulation model, a computer program that, using mathematical algorithms, can simulate a particular process, while in real time it is possible to change parameters and obtain current results. A modern integrated approach to assessing financial innovation will allow us to build a system for selecting and monitoring new projects, increase the efficiency of the innovation process and increase the result, which in total will contribute to the development of the national economy.

Keywords:financial innovation, financial technology, multi-criteria optimization, digital innovation model and digital economy