PROSPECTS OF USING FINANCIAL TECHNOLOGIES BY BANKS OF DEVELOPMENT AS AN EXAMPLE OF ASIAN DEVELOPMENT BANK AND VNESHECONOMBANK OF RUSSIA
The actual directions of development banks’ activity are determined. Financial technologies are actively used in the production and sale of financial services. Analysis of the materials of the Asian Development Bank, dedicated to the issues of using the digital economy, made it possible to identify...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2018-05-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/1040 |
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| author | S. Matveevskii |
| author_facet | S. Matveevskii |
| author_sort | S. Matveevskii |
| collection | DOAJ |
| description | The actual directions of development banks’ activity are determined. Financial technologies are actively used in the production and sale of financial services. Analysis of the materials of the Asian Development Bank, dedicated to the issues of using the digital economy, made it possible to identify the opportunities for the development banks of the fintech: identification and biometrics, rapid payments, large data analytics, blocking technology. Fintech will allow development banks to change the mechanism for planning and implementing projects, to increase the effectiveness of creating “chains” of value. Vnesheconombank’s projects related to fintech, in particular, the use of blocking technology in public procurement, are presented. At present, Vnesheconombank is successfully mastering Fintech and has good prospects for its use in practice. |
| format | Article |
| id | doaj-art-5fb41109fd05442990a6506c189acfab |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2018-05-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-5fb41109fd05442990a6506c189acfab2025-02-04T08:27:55ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152018-05-010514715410.26425/1816-4277-2018-5-147-1541040PROSPECTS OF USING FINANCIAL TECHNOLOGIES BY BANKS OF DEVELOPMENT AS AN EXAMPLE OF ASIAN DEVELOPMENT BANK AND VNESHECONOMBANK OF RUSSIAS. Matveevskii0Financial University under the Government of the Russian FederationThe actual directions of development banks’ activity are determined. Financial technologies are actively used in the production and sale of financial services. Analysis of the materials of the Asian Development Bank, dedicated to the issues of using the digital economy, made it possible to identify the opportunities for the development banks of the fintech: identification and biometrics, rapid payments, large data analytics, blocking technology. Fintech will allow development banks to change the mechanism for planning and implementing projects, to increase the effectiveness of creating “chains” of value. Vnesheconombank’s projects related to fintech, in particular, the use of blocking technology in public procurement, are presented. At present, Vnesheconombank is successfully mastering Fintech and has good prospects for its use in practice.https://vestnik.guu.ru/jour/article/view/1040development bankfinancial servicesfintechblockage technologydigital economybusiness model |
| spellingShingle | S. Matveevskii PROSPECTS OF USING FINANCIAL TECHNOLOGIES BY BANKS OF DEVELOPMENT AS AN EXAMPLE OF ASIAN DEVELOPMENT BANK AND VNESHECONOMBANK OF RUSSIA Вестник университета development bank financial services fintech blockage technology digital economy business model |
| title | PROSPECTS OF USING FINANCIAL TECHNOLOGIES BY BANKS OF DEVELOPMENT AS AN EXAMPLE OF ASIAN DEVELOPMENT BANK AND VNESHECONOMBANK OF RUSSIA |
| title_full | PROSPECTS OF USING FINANCIAL TECHNOLOGIES BY BANKS OF DEVELOPMENT AS AN EXAMPLE OF ASIAN DEVELOPMENT BANK AND VNESHECONOMBANK OF RUSSIA |
| title_fullStr | PROSPECTS OF USING FINANCIAL TECHNOLOGIES BY BANKS OF DEVELOPMENT AS AN EXAMPLE OF ASIAN DEVELOPMENT BANK AND VNESHECONOMBANK OF RUSSIA |
| title_full_unstemmed | PROSPECTS OF USING FINANCIAL TECHNOLOGIES BY BANKS OF DEVELOPMENT AS AN EXAMPLE OF ASIAN DEVELOPMENT BANK AND VNESHECONOMBANK OF RUSSIA |
| title_short | PROSPECTS OF USING FINANCIAL TECHNOLOGIES BY BANKS OF DEVELOPMENT AS AN EXAMPLE OF ASIAN DEVELOPMENT BANK AND VNESHECONOMBANK OF RUSSIA |
| title_sort | prospects of using financial technologies by banks of development as an example of asian development bank and vnesheconombank of russia |
| topic | development bank financial services fintech blockage technology digital economy business model |
| url | https://vestnik.guu.ru/jour/article/view/1040 |
| work_keys_str_mv | AT smatveevskii prospectsofusingfinancialtechnologiesbybanksofdevelopmentasanexampleofasiandevelopmentbankandvnesheconombankofrussia |