Abstract
Risks of payment system of banking institutions of Ukraine are considered in this study. Risk events clearly correlate to the effectiveness of network interaction of banking institutions to adapt information technology of payment systems in the payment portfolio of banks when changing operating environment, so mechanism for minimizing their probability has been developed. Economic elements of the mechanism of minimizing the risks of payment systems are identified, which allow forming the planned level of profitability, risk and liquidity of institutions (organizations) within the relevant principles, methods, levers, cash flows in order to respond and adapt to changes in the environment. A methodical approach to assessing the effectiveness of risk management of payment systems of banking institutions, which is from the standpoint of multivariate structuring and a list of their indicators of the microeconomic level, forms an optimal set of tools to minimize the set of risks. Indicators of payment systems of Ukraine are determined, according to the net level of credit risk, liquidity risk, business risk, investment risk, legal risk, operational risk, systemic risk, technological and information security risk. The impulse index of functioning of payment systems of Ukraine is calculated. A neuro-fuzzy model for assessing the individual credit risk of participants – legal entities (users-borrowers) of card payment scoring of a banking institution is developed. The basic criteria for assessing the individual credit risk of a participant-legal entity (user-borrower) by card payment scoring are determined.
Highlights
The payment system of Ukraine is an indicator of the economy, one of the priority areas of the development of which is the modernization and improvement of financial instruments, in particular the payment systems of banking institutions
Because the state of the payment market is important for a market economy, and modern paper money cannot meet all the demands of economic entities that arise during their interaction, alternative means of payment is necessary
It should be noted that the volume of payment systems of Ukraine formed by residents in 2019 amounted to 0.53 billion EUR, which is equal to almost 100% of the turnover of banking institutions in the country
Summary
The payment system of Ukraine is an indicator of the economy, one of the priority areas of the development of which is the modernization and improvement of financial instruments, in particular the payment systems of banking institutions. As a result of evolution and under the influence of digitalization and globalization, money continues to change its appearance and acquire a more perfect form – the most suitable for use in payment systems for settlements and payments. This affects the state of money turnover through banking institutions. Due to the dynamics of change, payment service entities, central banks and international organizations try to interact with each other, combining different levels of cooperation (from purely technical organization of money transfer to harmonization of legislation in the field of transfers), which is important for continuous and reliable payment systems of international and domestic importance
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