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Finance and Credit
 

Banking financial technologies: Evolution of development in Russia

Vol. 30, Iss. 9, SEPTEMBER 2024

Received: 28 March 2024

Received in revised form: 1 April 2024

Accepted: 8 April 2024

Available online: 30 September 2024

Subject Heading: Banking

JEL Classification: G21

Pages: 1971-1987

https://doi.org/10.24891/fc.30.9.1971

Tat'yana A. EFREMOVA National Research Ogarev Mordovia State University (MRSU), Saransk, Republic of Mordovia, Russian Federation
Efrta@mail.ru

https://orcid.org/0000-0003-2435-9694

Subject. This article examines financial technologies used in the banking sector.
Objectives. The article aims to analyze the practices of using financial technologies in the banking sector and determine the areas for their further development.
Methods. For the study, I used description and classification, and the methods of cognition, including analysis and induction.
Results. The article defines the level of development of financial technologies in Russia, their role in the functioning of the banking sector, the stages of development of banking financial technologies in Russia, and the main trends in the application of technological innovations in the activities of banks.
Conclusions and Relevance. Financial technologies represent a huge potential for innovation in the banking sector. The results obtained can be useful for professionals in the field of banking and management, as well as for researchers interested in the impact of innovative technologies on the banking sector.

Keywords: financial technologies, banks, banking innovations

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ISSN 2311-8709 (Online)
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