TRANSFORMATION IN THE ECOSYSTEM OF FINANCIAL INTERMEDIARIES IN THE CONTEXT OF DIGITALIZATION

Анотація

Urgency of the research. The transformation of the activities of financial intermediaries in accordance with global trends is the key to the successful implementation of the goals of the digital economy as a strategy for sustainable economic development. Target setting. The proliferation of digitalization has contributed to increased innovation in the practice of financial intermediation. Obviously, it is necessary to take into account the impact and capabilities of digital technologies in transforming the business model beyond the ecosystem approach. Actual scientific researches and issues analysis. In the scientific problems of the transformational processes of financial intermediary monitoring, systematization and generalization relate to the influence of the potential of digital technologies at the level of financial intermediary, region, financial and banking systems, leading to economic and social effects. Uninvestigated parts of general matters defining. We are interested in the problem of transforming the ecosystem of financial intermediation, the drivers of which are digital technologies. The research objective. What influence does the appearance of FinTech-companies as new financial intermediaries in the market have on innovation activity and competition. How business models and business processes of financial intermediaries are changing under the influence of digital technologies. How and what new products and services based on digital technologies are introduced by financial intermediaries. The statement of basic materials. The world trends of financial intermediation are identified and typologized. The evolutionary change of business models is proved, transformational changes are illustrated by foreign experience, the prerequisites, institutional structure, innovative activity of financial intermediaries and the regulator in Ukraine are determined. Conclusions. Knowledge of the adoption of digital technologies as drivers of transformation of ecosystems of financial intermediation can serve as a basis for further assessment and forecasting of the effects on the financial system and the national economy as a whole.

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