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
References:
Danilin V.A., Barmanova O.R. [The market of bank cards in the Samara oblast: issues and prospects]. Den'gi i kredit = Money and Credit, 2004, no. 12, pp. 18–21. (In Russ.)
Kireeva O.L. Bankovskaya karta – proshloe, nastoyashchee i budushchee: grazhdansko-pravovoi aspekt [The bank card and its past, present and future: civil and legal perspectives]. Available at: Link. (In Russ.)
Kondrashov V.A. [Trends in banking innovation development in modern Russia]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2012, no. 8, pp. 101–105. (In Russ.)
Kosoi A.M. [Modern money]. Den'gi i kredit = Money and Credit, 2002, no. 6, pp. 42–52. (In Russ.)
Krakhmalev S.V. Sovremennaya bankovskaya praktika provedeniya mezhdunarodnykh platezhei [Modern banking practice of international payments]. Moscow, GrossMedia, ROSBUKh Publ., 2007, 208 p.
Panova G.S. Innovatsii v bankovskom biznese – iskusstvo bankovskikh tekhnologii. V kn.: Sovremennye bankovskie tekhnologii: teoreticheskie osnovy i praktika [Innovation in banking: the art of banking technologies. In: Modern banking technologies: theoretical principles and practices]. Moscow, Finansy i Statistika Publ., 2005, pp. 73–84.
Spiranov I.A. Pravovoe regulirovanie operatsii s bankovskimi kartami [Legal regulation of transactions made with bank cards]. Moscow, InterKrim-Press Publ., 2000, 160 p.
Cohen B.J. Electronic Money: New Day or False Dawn? Review of International Political Economy, 2001, vol. 8, iss. 2, pp. 197–225. doi: Link
Issing O. New Technologies in Payments: A Challenge to Monetary Policy. European Central Bank, 2000. Available at: Link.
Mel'nikov O.N., Abramov E.G. [Why do the most important assets of contemporary enterprises still remain unaccounted?] Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2006, no. 6. pp. 55–59. (In Russ.)
Lisitsa M.I. Interval'naya teoriya portfelya: monografiya [Interval portfolio theory: a monograph]. St. Petersburg, International Banking Institute Publ., 2012, 138 p.
Parfenov K. Bankovskii uchet i operatsionnaya tekhnika. Bankovskaya deyatel'nost' [Bank account and operating techniques. Banking]. Moscow, Baraul Publ., 2015, 169 p.