Technological challenges to the bases of banking in the context of innovation management

Arsen Tatuev; Georgy Kutsuri; Murat Keferov; Alexander Milenkov; Natalia Ovcharova

Arsen Tatuev Department of Constitutional and Administrative Law, Institute of Law, Economics and Finance, Kabardino-Balkarian State University, Nalchik, Russian Federation https://orcid.org/0000-0002-6900-9770
Georgy Kutsuri Department of Public Finance, Financial University under the Government of the Russian Federation, Moscow, Russian Federation https://orcid.org/0000-0002-8343-2348
Murat Keferov Department of Economics and Finance, Institute of Law, Economics and Finance, Kabardino-Balkarian State University, Nalchik, Russian Federation
Alexander Milenkov Department of Finance, Credit and Insurance, Institute of Law, Economics and Finance, Russian Academy of Entrepreneurship, Moscow, Russian Federation
Natalia Ovcharova Department of Economics and Accounting Disciplines, Institute of Law, Economics and Finance, Surgut State University, Surgut, Russian Federation

Keywords: Fintech, innovation management, banking, digital economy.

Abstract

The paper aims to define organizational and technological priorities for the effective functioning of the Russian banking system and banking development. Methods. The study used general scientific methods, a systematic approach, statistical and comparative analysis, expert estimates, generalizations, logical and functional analysis. The analytical and theoretical results of the study revealed the existence of prerequisites for the diffusion of banking and non-banking activities in financial relations in the Russian banking sector. Technological shifts aggravate the question of the future of banking activities. Application of results. The results of this study can be used to design and implement new principles of banking development in the context of its digitalization. Conclusions. Despite the effectiveness of digital technologies, banking does not become outdated but undergoes diffusion.

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Author Biographies

Arsen Tatuev, Department of Constitutional and Administrative Law, Institute of Law, Economics and Finance, Kabardino-Balkarian State University, Nalchik, Russian Federation

Professor, Department of Constitutional and Administrative Law, Institute of Law, Economics and Finance, Kabardino-Balkarian State University, Nalchik, Russian Federation

Georgy Kutsuri, Department of Public Finance, Financial University under the Government of the Russian Federation, Moscow, Russian Federation

Professor, Department of Public Finance, Financial University under the Government of the Russian Federation, Moscow, Russian Federation

Murat Keferov, Department of Economics and Finance, Institute of Law, Economics and Finance, Kabardino-Balkarian State University, Nalchik, Russian Federation

Associate Professor, Department of Economics and Finance, Institute of Law, Economics and Finance, Kabardino-Balkarian State University, Nalchik, Russian Federation

Alexander Milenkov, Department of Finance, Credit and Insurance, Institute of Law, Economics and Finance, Russian Academy of Entrepreneurship, Moscow, Russian Federation

Associate Professor, Department of Finance, Credit and Insurance, Institute of Law, Economics and Finance, Russian Academy of Entrepreneurship, Moscow, Russian Federation

Natalia Ovcharova, Department of Economics and Accounting Disciplines, Institute of Law, Economics and Finance, Surgut State University, Surgut, Russian Federation

Associate Professor, Department of Economics and Accounting Disciplines, Institute of Law, Economics and Finance, Surgut State University, Surgut, Russian Federation

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