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Digital Technologies in Lending Small and Medium-Size Enterprises in Russia

Author

Listed:
  • Semenyuta O.G.
  • Andreeva A.V.
  • Sichev R.A.
  • Filippov Yu.M.

Abstract

Purpose: The article is devoted to the assessment of changes in the forms and methods of lending Russian Small and Medium-sized Enterprises (SMEs). The purpose is to outline the role of digital technologies in the system of lending SMEs in Russia. Design/Methodology/Approach: To achieve this goal it is necessary: first, to outline the main changes in the banking industry considering digital technologies, second, to list the main banking products, how digital technologies influence the most (banks as ecosystems) and third, to describe how digital technologies are beneficial in lending SMEs. Findings: The authors defined the crucial role of digital technologies, underlined the leading role of the Russian financial sector in the world according to experts and offered the scheme of a digital banking product development. Also, the authors compared digital development in the EU and in Russia and made the conclusion towards some new opportunities to SMEs. Practical Implications: The research results may be implicated in a system of lending by means of digital products offered to SMEs and future key points of development in the digital sphere for the commercial banks, e-trade and fintech companies. Originality/Value: The main contribution of this article is in comparison between digital development in the EU and Russia, some leading role of the Russian banks in the world, description of a digital banking product development and considering the experience of the ecosystem of Sberbank for SMEs in Russia.

Suggested Citation

  • Semenyuta O.G. & Andreeva A.V. & Sichev R.A. & Filippov Yu.M., 2019. "Digital Technologies in Lending Small and Medium-Size Enterprises in Russia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 40-52.
    • Handle: RePEc:ers:ijebaa:v:vii:y:2019:i:special1:p:40-52
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    References listed on IDEAS

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    1. A.G. Polyakova & M.P. Loginov & A.I. Serebrennikova & E.I. Thalassinos, 2019. "Design of a Socio-economic Processes Monitoring System Based on Network Analysis and Big Data," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 130-139.
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    Cited by:

    1. Mudassar Mushtaq & Ayesha Ch & Sajida Parveen, 2020. "Effects of Organizational Characteristics on QUAL Prevalence and its Implementation in Business Schools of Pakistan," Global Economics Review, Humanity Only, vol. 5(1), pages 90-101, March.

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    More about this item

    Keywords

    Banking products; digitalization; digital economy; Small and Medium-size Enterprises (SMEs); mega-regulator; lending; cryptocurrency; blockchain; bitcoin.;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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