Digital transformation of the financial services market in Russia: Trends and specificity

The paper investigates the issues of the financial services market’s digitalization that are essential for the development of digital finance theory and effective practice of the process. The methodological basis of the study rests upon the theories of financial intermediation, service marketing, g...

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Autores principales:	Maramygin M.S., Chernova G.V., Reshetnikova L.G.
Formato:	article
Lenguaje:	RU
Publicado:	Ural State University of Economics 2019
Materias:	financial services market digitalization digital financial services Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/9c2513cc709c4bdf80d6c3705380ca43
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spelling	oai:doaj.org-article:9c2513cc709c4bdf80d6c3705380ca432021-12-02T05:33:42ZDigital transformation of the financial services market in Russia: Trends and specificity10.29141/2218-5003-2019-10-3-72218-5003https://doaj.org/article/9c2513cc709c4bdf80d6c3705380ca432019-07-01T00:00:00Zhttp://upravlenets.usue.ru/images/79/7.pdfhttps://doaj.org/toc/2218-5003 The paper investigates the issues of the financial services market’s digitalization that are essential for the development of digital finance theory and effective practice of the process. The methodological basis of the study rests upon the theories of financial intermediation, service marketing, general risk, philosophical categories of condition and necessity. The information base includes the data of the World Bank and the Bank of Russia. The authors discover the necessary and sufficient prerequisites for digitalization of the financial services market. The specific features of a financial service that form the prerequisites required for its digitalization is of primary importance. The basis of the sufficient prerequisites is the needs (interests) of the financial market’s actors in the provision (acquisition) of various qualitative financial services premised on economic and ergonomic grounds and technical capabilities of their implementation. Having analysed the financial services market in Russia, the authors reveal the country’s role in the global digitalization process. The study identifies the groups of risk of digital financial services by the criterion “the source of risk”, the levels and objectives of risk management of consumers of digital financial services. The issues of the digital financial services market raised in the paper are topical for government projects to transform the priority economic industries and the social sphere through the introduction of digital technologies and an adequate system for regulating the financial services market.Maramygin M.S.Chernova G.V.Reshetnikova L.G.Ural State University of Economicsarticlefinancial services marketdigitalizationdigital financial servicesBusinessHF5001-6182FinanceHG1-9999RUУправленец, Vol 10, Iss 3, Pp 70-82 (2019)
institution	DOAJ
collection	DOAJ
language	RU
topic	financial services market digitalization digital financial services Business HF5001-6182 Finance HG1-9999
spellingShingle	financial services market digitalization digital financial services Business HF5001-6182 Finance HG1-9999 Maramygin M.S. Chernova G.V. Reshetnikova L.G. Digital transformation of the financial services market in Russia: Trends and specificity
description	The paper investigates the issues of the financial services market’s digitalization that are essential for the development of digital finance theory and effective practice of the process. The methodological basis of the study rests upon the theories of financial intermediation, service marketing, general risk, philosophical categories of condition and necessity. The information base includes the data of the World Bank and the Bank of Russia. The authors discover the necessary and sufficient prerequisites for digitalization of the financial services market. The specific features of a financial service that form the prerequisites required for its digitalization is of primary importance. The basis of the sufficient prerequisites is the needs (interests) of the financial market’s actors in the provision (acquisition) of various qualitative financial services premised on economic and ergonomic grounds and technical capabilities of their implementation. Having analysed the financial services market in Russia, the authors reveal the country’s role in the global digitalization process. The study identifies the groups of risk of digital financial services by the criterion “the source of risk”, the levels and objectives of risk management of consumers of digital financial services. The issues of the digital financial services market raised in the paper are topical for government projects to transform the priority economic industries and the social sphere through the introduction of digital technologies and an adequate system for regulating the financial services market.
format	article
author	Maramygin M.S. Chernova G.V. Reshetnikova L.G.
author_facet	Maramygin M.S. Chernova G.V. Reshetnikova L.G.
author_sort	Maramygin M.S.
title	Digital transformation of the financial services market in Russia: Trends and specificity
title_short	Digital transformation of the financial services market in Russia: Trends and specificity
title_full	Digital transformation of the financial services market in Russia: Trends and specificity
title_fullStr	Digital transformation of the financial services market in Russia: Trends and specificity
title_full_unstemmed	Digital transformation of the financial services market in Russia: Trends and specificity
title_sort	digital transformation of the financial services market in russia: trends and specificity
publisher	Ural State University of Economics
publishDate	2019
url	https://doaj.org/article/9c2513cc709c4bdf80d6c3705380ca43
work_keys_str_mv	AT maramyginms digitaltransformationofthefinancialservicesmarketinrussiatrendsandspecificity AT chernovagv digitaltransformationofthefinancialservicesmarketinrussiatrendsandspecificity AT reshetnikovalg digitaltransformationofthefinancialservicesmarketinrussiatrendsandspecificity
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Digital transformation of the financial services market in Russia: Trends and specificity

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