Modern financial technologies as a significant factor of digitalization of the Russian economics

In continuation of the article “Conceptual foundations for the use of modern financial technologies in the Russian industry the authors summarized the open-source data devoted to using modern financial technologies for successful digitalization of the Russian economics. The authors study initiatives of the Government of the Russian Federation presented as part of the National Program “Digital Economics of the Russian Federation†. The initiatives are devoted to the issues of implementation of modern financial technology (FinTech). The authors also analyze the dynamics and structure of financing six federal projects included into the National Digitalization Program. Among multiple projects of the above mentioned National Program they distinguish the initiatives connected with active development of FinTech. Analyzing the results of the National Digitalization program during the first three years of its implementation (2019-2021) it is possible to establish significant impact of modern financial technologies on the digitalization of the Russian economics. The authors consider the state of the regulatory and legislative framework regarding the issues of implementation of modern financial technologies into the national economy in three directions: an enhanced qualified electronic signature, turnover of digital financial assets and the Bank of Russia's regulatory sandbox. The authors summarized characteristics of various directions of the FinTech Association's activity in Russia. The Association has taken on the role of a coordinator in the sphere of development of methodology and promotion of modern financial technologies. The authors introduce a set of tools for assessing the effectiveness and efficiency of economic processes subject to the use of financial technologies in various fields. It is advisable to assess the impact of “Fin Tech†on the indicators that characterize financial and economic activity of a company (or a group of companies): from the “revenue†to “weighted average cost of the company's capital†and “the company's economic value added†.