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Directions for introducing innovative technologies into the practice of Russian banks based on foreign experience in banking

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  • M. A. Luntovskaya

Abstract

Technology is an integral part of modern life, and the financial market is no exception. Over the past twenty years, the world has seen a rapid rise in the development of technological solutions for doing business. New terms have appeared that radically change the essence of operations carried out in the financial market.The main feature of the Russian fintech is that noticeable innovations in the domestic market appear thanks to large financial institutions. However, today the banking sector is characterized by a number of problems associated with the system of introducing innovative technologies into its activities.The subject of research in the article is innovative financial products developed in the banking sector. The research results consist in identifying directions for the development of financial technologies in the world and the Russian Federation.The research materials are of scientific and practical interest, since it presents directions for improving approaches to the development and use of modern financial technologies by Russian banks based on foreign experience.

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Handle: RePEc:cvt:journl:y:2022:id:743
DOI: 10.24182/2073-6258-2022-21-2-55-59
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