Abstract

The article is devoted to the development of the national financial market and ensuring its stability on the basis of digital transformation. Subject of research: digitalization of the financial market. The aim of the study is to study the theoretical foundations of the financial market and determine the priorities of its development based on the digitalization of services to ensure sustainable development in the medium term. Method of research. in the process of writing, the authors used such methods as analysis, grouping, comparison, and synthesis. Results: 1. The features of digitalization of services provided in the national financial market are disclosed. 2. The mechanism of interaction of the main participants in the digital financial assets market is presented and their characteristics are given. 3. Measures for digital transformation of the national financial services market are proposed, taking into account the current situation in the national economy. Scientific novelty: the mechanism of interaction of the main participants in the digital financial services market was determined, measures for the digital transformation of the financial services market were proposed.

Highlights

  • The aim of the reseach is to study the digitalization of the financial market and identify trends in its development based on the further digitalization of financial services to ensure sustainable development in the medium term

  • The set aim determined the tasks to be solved in the article, namely: to study the features of the financial market from the point of view of its structure and specifics, to consider the regulatory framework and strategic documents aimed at its regulation, as well as to identify problems and propose measures to ensure its sustainable development in medium term based on digitalization of financial services

  • The financial market as a whole is a complex structure that includes a set of different markets and their segments, one of which is the digital financial market, where one of the tasks is to increase the availability of financial resources and financial instruments for the population based on digital technologies

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Summary

Introduction

The financial market is one of the structural elements of the national economy that performs a number of functions, including mobilizing temporarily free funds, providing finance for production processes, and increasing the efficiency of the national economy. The aim of the reseach is to study the digitalization of the financial market and identify trends in its development based on the further digitalization of financial services to ensure sustainable development in the medium term. The set aim determined the tasks to be solved in the article, namely: to study the features of the financial market from the point of view of its structure and specifics, to consider the regulatory framework and strategic documents aimed at its regulation, as well as to identify problems and propose measures to ensure its sustainable development in medium term based on digitalization of financial services

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