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Economic Sustainability of Modern Banking Organizations Based on Digital Technologies

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Digital Technologies in the New Socio-Economic Reality (ISCDTE 2021)

Abstract

This article is devoted to modern trends related to the improvement of the banking branch of the Russian Federation. These include, first of all, actively introducing digital technologies, which have recently become a prerequisite for ensuring the sustainability of many sectors of the economy, including modern monetary institutions. The author analyzes the strengths and weaknesses of the result of this process, and also details the properties of financial technologies as the most important elements of the digitalization process. The role of this element in the system and the level of its relationship with various banks are evaluated. The recommendations developed during the study on improving the activities of banks, increasing their efficiency in reply to the new needs of public, and, therefore, new technologies provide an opportunity to better determine priorities and build directions for the development of the banking system during the economic decline and the increase in economic and political risks.

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Petryanina, O.V., Revina, E.V. (2022). Economic Sustainability of Modern Banking Organizations Based on Digital Technologies. In: Ashmarina, S.I., Mantulenko, V.V. (eds) Digital Technologies in the New Socio-Economic Reality. ISCDTE 2021. Lecture Notes in Networks and Systems, vol 304. Springer, Cham. https://doi.org/10.1007/978-3-030-83175-2_39

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  • DOI: https://doi.org/10.1007/978-3-030-83175-2_39

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-83174-5

  • Online ISBN: 978-3-030-83175-2

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