Abstract
The fourth industrial revolution is changing the technological face of the economy. Digital technologies are especially widespread in it. They affect all areas of the economy. These changes require in-depth research. The purpose of the article is to analyze financial technologies considered as a factor in the development of the financial sector in the digital economy. To achieve this goal, methods of institutional, retrospective and comparative analysis, modeling and forecasting were used. As a result of the research, theoretical approaches to the study of digital financial technologies have been systematized; perspective areas of their application are considered; the prerequisites, factors and risks of their application in the financial sector are determined. The main trend in the considered area is the intensification of competition between banks and IT companies, which makes it necessary for banks to change the traditional banking business model. Banks will transform into IT companies. And IT companies will penetrate deeper into the financial sector using fintech start-ups. It is expected that the convergence of these sectors of the economy will increase, which will lead to the formation of new integral industries based on digital and platform fintech technologies. Comprehensive support for the development of new digital financial technologies is needed. The tools of such support are support for the creation and implementation of digital financial innovations, stimulation of digital start-ups, support for companies in the implementation of digital financial technologies, the formation of a digital market, etc.
Highlights
The modern economy is at the stage of digital development
The rapid development of digital technologies has led to the emergence of the phenomenon of the "digital economy" [1, 2, 3, 4, 5, 6, 7, 8], which is a consequence of the "fourth technological revolution" [9, 10]
Given that the financial and real sectors are closely linked in the economy, progress in the digitalization of these sectors must be synchronized
Summary
The modern economy is at the stage of digital development. Due to the virtualization of modern finance, fintech companies are actively developing. Their activity does not just use digital technologies, as it happens in the real sector of the economy or in traditional banks but is completely based on them. The virtual nature of finance contributes to its accelerated digitalization. This is due to their high novelty and innovativeness. In this regard, a scientific analysis of financial technologies, considered as a factor in the development of the financial sector in the digital economy, is needed
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