Abstract
The paper is devoted to reviewing trends of financial market development, mainly the use of digital financial technologies. We note that the development of the Russian financial market is one of the priorities of the Central Bank of the Russian Federation, where modern digital activities are is a special factor of the development. The use of new technologies contributes to the decentralization of the financial system, which has both positive aspects and the risks of global financial instability. The content of the paper describes the problems of Russian financial startups, mainly the use of blockchains in banking, Near Field Communication, P2P lending, B2B sales, and big data cloud services. The paper notes that the current financial market is marked with actively functioning “neobanks” established by financial organizations specializing in e-commerce generally operating only through the Internet without offices. The paper concludes that the use of digital financial technologies is the main necessary factor for the development of the financial market.
Published Version
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