Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia

The institutional mechanism of the financial services market puts forward new requirements to the banking community, determining the need for innovations in products, technologies, services, and encouraging credit institutions to transform the declared strategy and implemented financial policy. In t...

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Main Authors: Sazonov Sergey Petrovich, Ezangina Irina Aleksandrovna, Polianskaia Alena Aleksandrovna, Chunakov Aleksandr Ivanovich
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:SHS Web of Conferences
Online Access:https://www.shs-conferences.org/articles/shsconf/pdf/2021/25/shsconf_ntsscem2021_01009.pdf
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author Sazonov Sergey Petrovich
Ezangina Irina Aleksandrovna
Polianskaia Alena Aleksandrovna
Chunakov Aleksandr Ivanovich
author_facet Sazonov Sergey Petrovich
Ezangina Irina Aleksandrovna
Polianskaia Alena Aleksandrovna
Chunakov Aleksandr Ivanovich
author_sort Sazonov Sergey Petrovich
collection DOAJ
description The institutional mechanism of the financial services market puts forward new requirements to the banking community, determining the need for innovations in products, technologies, services, and encouraging credit institutions to transform the declared strategy and implemented financial policy. In the present, the innovative factor is decisive in supporting the competitiveness of the bank, and the development of banking activities is determined by the degree of activity in promoting innovations. The article reveals the role, directions, tools of digitalization of the innovative development of a modern commercial bank, strengthening its competitive position.
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spelling doaj.art-ad59324dbaa146a689ffc5736f5bd72e2022-12-21T20:14:42ZengEDP SciencesSHS Web of Conferences2261-24242021-01-011140100910.1051/shsconf/202111401009shsconf_ntsscem2021_01009Digital transformation and its role in the reproduction of innovative development of the modern banking institution of RussiaSazonov Sergey PetrovichEzangina Irina AleksandrovnaPolianskaia Alena AleksandrovnaChunakov Aleksandr IvanovichThe institutional mechanism of the financial services market puts forward new requirements to the banking community, determining the need for innovations in products, technologies, services, and encouraging credit institutions to transform the declared strategy and implemented financial policy. In the present, the innovative factor is decisive in supporting the competitiveness of the bank, and the development of banking activities is determined by the degree of activity in promoting innovations. The article reveals the role, directions, tools of digitalization of the innovative development of a modern commercial bank, strengthening its competitive position.https://www.shs-conferences.org/articles/shsconf/pdf/2021/25/shsconf_ntsscem2021_01009.pdf
spellingShingle Sazonov Sergey Petrovich
Ezangina Irina Aleksandrovna
Polianskaia Alena Aleksandrovna
Chunakov Aleksandr Ivanovich
Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia
SHS Web of Conferences
title Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia
title_full Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia
title_fullStr Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia
title_full_unstemmed Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia
title_short Digital transformation and its role in the reproduction of innovative development of the modern banking institution of Russia
title_sort digital transformation and its role in the reproduction of innovative development of the modern banking institution of russia
url https://www.shs-conferences.org/articles/shsconf/pdf/2021/25/shsconf_ntsscem2021_01009.pdf
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AT polianskaiaalenaaleksandrovna digitaltransformationanditsroleinthereproductionofinnovativedevelopmentofthemodernbankinginstitutionofrussia
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