Russian Banking Sector Under the Influence of Fintech Innovations

DOI

10.2991/aebmr.k.210213.008How to use a DOI?

Keywords

Banking system, Financial technologies, Banking innovations, Financial market, Biometrics, Fast payment system

Abstract

The article highlights the main changes and prospects for the development of the banking industry under the influence of the development of financial technologies, which largely determine the future of the banking sector, dictating new formats of interaction with customers. Financial technologies stimulate the direction of evolution of the market of banking products and services. In this regard, the main purpose of this article is to reveal the features of classification and development of banking innovations in Russia, as well as to identify the problems associated with their implementation. The article analyzes the current development of the banking system, the essence of banking innovations, classification of banking products, opportunities and prospects for innovation in the banking sector. The main conclusions of this work are the advantages and disadvantages obtained by all participants in this process.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Alena Zaborovskaya
AU  - Kira Gruzdeva
AU  - Marija Borzemska
AU  - Elena Kniazeva
AU  - Mikhail Klimenko
PY  - 2021
DA  - 2021/02/15
TI  - Russian Banking Sector Under the Influence of Fintech Innovations
BT  - Proceedings of the XV International Conference "Russian Regions in the Focus of Changes" (ICRRFC 2020)
PB  - Atlantis Press
SP  - 49
EP  - 57
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210213.008
DO  - 10.2991/aebmr.k.210213.008
ID  - Zaborovskaya2021
ER  -