Digital technologies of the banking field features of development, prospects and threats

Abstract

The article analyzes digital banking, which has rapidly evolved to such a scale that the presence of digital financial intermediaries is important for the stability of the economic system in general. The purpose of the article is to study the opportunities, advantages and threats that digital technologies open for modern banking business, taking into account the US experience. The main stages of the development of digital banking were analyzed, which made it possible to identify the models of neo-banking currently on the market, their relationship with each other and their projected coverage of consumers. The authors considered the theoretical foundations of digital banking and established heterogeneity in approaches to the interpretation and understanding of this segment of the financial sector. Special attention is paid to the prospects of digital banks, regulatory risks and future directions of development of the supervisory policy for financial intermediaries and their services. Big Data analysis systems are becoming an important tool for banking organizations, which make it possible to identify various trends and patterns hidden in large-scale data volumes. Such systems can be used in the development of various products, personalized services, recognition of fraudulent schemes, making more effective decisions, as well as for analysis and further prediction of audience behavior. Particular attention should be paid to block chain technology. Most of the problems that arise in the banking sector are related to the human factor. New financial instruments, such as virtual assets, threaten the very existence of the fundamental financial model based on credit money issued by the banking system. Modern digital technologies provide many opportunities for the development of financial business, but they also contain many threats and dangers. Digital technologies in finance are a reality, but far from over.