Development of innovative technologies in banking

Yesina Olha
Senior Lecturer of the Department of Economic Cybernetics and Information Technologies, Odessa National University of Economics, Odesa, E-mail:esinaog@gmail.com, ORCID ID: https://orcid.org/0000-0003-4190-9571

Cite this article:

Yesina O. (2022) Development of innovative technologies in banking. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Rozvitok innovacijnih tehnologij u bankivnictvi; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 1-2 (290-291), pp. 10-17.

Abstract

The purpose of this article is to to determine the main trends in the development of innovative technologies in banking and determine the effectiveness of its impact on the development of banking business. The innovations of the banking business in the realities of digitalization are considered, namely: blockchain, sharing, crowdfunding, Open-banking, cloud banking, neobank. It is proved that in Ukraine there is a gradual change of business models of banks and their strategies taking into account the development of FinTech. It has been established that traditional banking, digital banking and open banking are three models of banking business that already exist. Of these, the most viable and working are two - digital and open banking. Ensuring the effectiveness of the digital transformation of the banking system is to form a set of scenarios of digital transformation in the context of the formation and development of the digital economy; study of the interaction of different scenarios of digital transformation of the banking system and assessment of their consequences in the context of ensuring the effectiveness of the digital economy; implementation (according to selected criteria) of scenarios of digital transformation of banks; analysis of the current situation and forecast of its evolution, identification of possible threats; ensuring synergetic effectiveness of digital transformation processes in the type of digital economy development and their audit.

Keywords

information technologies, innovations, competitiveness, digital economy, digital transformation.

JEL classification: Е210, E580, O100; DOI: 10.32680/2409-9260-2022-1-2-290-291-10-17

UD classification: 336.71

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