Abstract
The paper examines the impact of the digital revolution on the development of the Russian financial sector and the results of economic transformation. The authors substantiate the relevance by the fact that new opportunities for digital technologies and new regulatory rules are imposed on a complex international situation and an ambiguous global economic situation and create a very complex background for strategic planning of the development of small and medium-sized financial organizations. The authors built a model of the navigator of strategic approaches, made prerequisites for clarifying the model of the palette of strategies, created a new metamodel of digital transformations of a financial organization, created a new framework for building IT strategies, identified opportunities, limitations and obstacles to the implementation of competitive strategies of financial organizations in the context of digital transformations of the state economy. The directions for the development of digitalization in the banking sector of the Russian Federation are proposed: the introduction of a financial messaging system to reduce the dependence of the banking sector on international organizations, the introduction of regtech, the use of international experience, based on global trends in the use of fintech and digital technologies in general.
Highlights
Since the invention in the middle of the last century, information systems have overcame rapid evolutionary path, and after the invention of integrated circuit, doubling its capacity annually
The purpose of the article is to determine the impact of digital revolution on the Russian financial sector development and the results of economic transformation
Different supervisory culture and different historical approaches to supervisory practice in the EU will be reduced to a single strong denominator – new panEuropean supervisory authority European Banking Authority (EBA) is established [27]
Summary
Since the invention in the middle of the last century, information systems have overcame rapid evolutionary path, and after the invention of integrated circuit, doubling its capacity annually. A. Karpov, thanks to the development of information computer systems and networks, it became possible to transform the economic order in a new paradigm – «digital» [6, p. It becomes possible to obtain the maximum coverage of the population with goods and services, to automate or robotize any work, including eliminating the human factor altogether in many critical areas. Marginal costs are significantly reduced, down to zero in some sectors of the economy, and digitalization solves many pressing problems of humanity
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