Implementation of Digital Economy in Russia’s Banking Business Using the Experience of Other Countries

DOI

10.2991/aebmr.k.210318.009How to use a DOI?

Keywords

Economy digitalization, Internet banking, banking sector, Digital-channel, banking system management, decentralization of cryptographic systems, AMCS, biometric system

Abstract

The objective of this paper is to identify the level of compliance of digitalization of Russia’s banking business-sector with European standards and requirements. In the course of the study, the overall degree of readiness for the development of the digital economy in Russia will be evaluated through an analysis of the degree of maturity of information and communication technologies that are actively being introduced into the economic sector. The methodological study is based on the conceptual principles that characterize the post-industrial theory of society development specifically in the context of digitalization of the economic activity of state. General methods of induction and deduction, a comparative analysis of expert estimates, analytics of statistical data and the general systematization of the information received were applied in the study. Above all, with the active transition to digital economy, economic security of the financial sector must become one of the strategic areas of development. The article analyses factors and risks, as well as the prospects for the development and implementation of digitalization in the banking business of Russia using the experience of foreign countries.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Vera Stepanova
PY  - 2021
DA  - 2021/03/18
TI  - Implementation of Digital Economy in Russia’s Banking Business Using the Experience of Other Countries
BT  - Proceedings of the 1st International Scientific Conference "Legal Regulation of the Digital Economy and Digital Relations: Problems and Prospects of Development" (LARDER 2020)
PB  - Atlantis Press
SP  - 50
EP  - 55
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210318.009
DO  - 10.2991/aebmr.k.210318.009
ID  - Stepanova2021
ER  -