Digital Transformation Of The Banking System: Digital Technologies And Digital Banking Models

Abstract

This article notes the need for the transition of the banking system to a digital platform in the context of the development of the digital economy. The relevance of the research topic is that in today's conditions of transition to the digital economy, digital banking is the main element of ensuring the economic security of the financial sector. This study uses an analysis method that allows, based on a systematic interpretation of the key concepts of «disruptive technologies in the financial sector» and «digitalization of the economy», to draw conclusions about the main directions of development of digital banking. The main results of the study can be formulated in the form of the following theses: The leading place in the structure of digitalization is occupied by financial technologies, which are the vehicles of innovation in the economy and social sphere. Fintech includes the development and practical application of innovative technologies in the banking sector and other segments of the financial sector. The use of Open API technologies, blockchain, big data analysis, artificial intelligence make the Russian financial industry one of the innovative sectors of the economy. The results of the study can be applied in theoretical studies devoted to the analysis of the concept of «digitalization of the banking sector», as well as in the activities of banks building all their product offerings on digital technologies, where customers focus on interaction through digital communication channels.