Згідно з Наказом Міністерства освіти і науки України від 28.12.2019 № 1643
журнал внесено до Переліку наукових фахових видань України 
(категорії “Б”з економічних наук

Проводимо набір статей до публікації у науковому фаховому журналі "Вісник КНТЕУ" з економічних та філософських наук

IT-TRANSFORMATION OF THE FINANCIAL POTENTIAL OF A COUNTRY

Автор: Sveta on .

UDC 004:336.13
 
POLCHANOV Andrii,
Associate Professor at the Finance and Credit Department of  Zhytomyr State Technological University
 
IT-TRANSFORMATION OF THE FINANCIAL POTENTIAL OF A COUNTRY
 
Background. The booming development of information technologies has changed business models of companies, market mechanisms as well as economy. It is therefore necessary to investigate the directions of its influence on activity of the financial institutions and movements of financial resources in general.
The aim of the study is to define the main directions of the impact of information technology on the financial potential of the country.
Materials and methods. Information base of the investigation relies on the papers of domestic and foreign scientists, reports of consulting companies, electronic resources. General scientific and special methods of research were used.
Results. There are many definition of “fintech”, a term used to cover difference forms of finance and technology interaction. At the moment there is no universal understanding of fintech, resulted mainly from radical changes in this sphere (regulations requirements, technical possibility ect.). However, fintech allows to optimize relation between financial institutions and customers, reduce risks and make movements of financial resources more effective. And this has a great impact on the financial potential of the country.
Conclusion. Development of financial potential of the state is based on transformation of financial instruments, financial institutions and regulation changes. Main possibilities in this case are related to cryptocurrencies, such as bitcoin, which use blockchain technology. In this regard, central bank of Ukraine should focus on perspectives of this innovation instrument for achieving the economic growth.
 
Keywords: information technologies, cryptocurrency, fintech, financial potential, financial activity.
 
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