Subject. The article considers the direction and scope of information technology (IT) usage in the financial sector. Objectives. I review the achievements in the financial industry and threats associated with the use of new technologies. Methods. The study employs methods of comparative analysis, systematization, classification, analogy and comparison. Results. The paper describes the application of IT technologies in the banking business, including its traditional branches. I consider the possibility of banks to earn money in the traditional capacity of an intermediary in the environment, where investments can be attracted and implemented directly, using mobile applications; when payments are significantly cheaper, the cryptocurrency appears, and anyone can easily make conversion. Conclusions. I believe, it is a middle of digital transformation. It is not yet clear, where this path will lead. The States explain their demands by taking care of consumers and by drawing conclusions based on past crises. It is possible that these approaches will form a basis of a new international monetary system, which will replace the current Jamaican one.
Keywords: financial technology, artificial intelligence, Internet, robotics, digital transformation
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