Abstract
Creating a “digital profile” is one of the points of the Russian national program Digital Economy [1]. A single biometric profile creation system is becoming the infrastructure basis for the digital transformation of the entire economy [2]. The process of forming a digital society is associated with the total digitization of all forms and types of relationships. At the same time, it is necessary to take into account the features, threats and trends of this process.The purpose of this article was to study the essential features and application of digital profiling of the financial market, defining the applications of this method and methodological approaches by examining existing expertise in other areas, and industries.The article summarizes information about the use of digital profiling in various industries. Areas of the financial market for the application of profiling were identified. The general characteristics are formulated and the features of the development of a methodological approach to profiling in the financial market are revealed. The criteria and principles of forming a digital profile of a market participant, relationships and patterns for improving the models of identification of participants and the market profile as a whole are presented.
Highlights
In the circumstances of digital transformation the government role consists in arranging conditions for improving efficiency of advanced technology implementation in financial and non-financial economic sectors
The information infrastructure built and represented in the national program Digital Economy gave rise to the notion of “digital profile” which implies a collection of information on individual persons and legal entities stored in the state information systems and furnished to such persons and entities at request and with their consent applying special-purpose digitalized information technology [3]
The digital profiling method is the foundation of the offered methodological approach for creating of a digital profile for a financial market participant
Summary
In the circumstances of digital transformation the government role consists in arranging conditions for improving efficiency of advanced technology implementation in financial and non-financial economic sectors. Therein, during transformation it is necessary to ensure a high confidence of population and organizations in innovation technology and its safety. The Central bank of the Russian Federation in cooperation with concerned government agencies and financial market participants implements common initiatives for creation and development of financial technology and a digital financial infrastructure. The information infrastructure built and represented in the national program Digital Economy gave rise to the notion of “digital profile” which implies a collection of information on individual persons and legal entities stored in the state information systems and furnished to such persons and entities at request and with their consent applying special-purpose digitalized information technology [3]. The Ministry of Digital Development and the Bank of Russia deal with conceptional preparation to its creation
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
