Importance The article overviews the development of financial technologies in banking. Objectives The research identifies how IT induce drastic changes in the nature and process of banking, and examines global upsurge of innovative digital services for customers. Methods The research draws upon methods for analyzing scientific and information database, synthesizing the results into theoretical conclusions and practical recommendations. The methodological and theoretical framework comprises scholarly proceedings of national and foreign scientists majoring in the theory and practice of provision of economic and financial resources. Results I found innovative technologies that became very common in the financial sector and prospects of the future banking development. Conclusions and Relevance The banking services market is seeing the technological revolution that brings IT, rapidity, affordability and security into the forefront. Banks have to be open to new trends, responsive to all changes in financial technologies, flexible and ever progressing.
Keywords: bank, financial services, blockchain, masterchain, digital service
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