AKPIN fintech application as one of the drivers for non-state pension system development
The article studies the subject of improving the non-state pension provision mechanism considering the fintech application implementation into the system. The purpose of the study is to develop an application conceptual model in the framework of pension planning and individual pension strategies for...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publishing House of the State University of Management
2024-06-01
|
| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/5236 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832541490362974208 |
|---|---|
| author | E. V. Knyazev M. L. Dorofeev |
| author_facet | E. V. Knyazev M. L. Dorofeev |
| author_sort | E. V. Knyazev |
| collection | DOAJ |
| description | The article studies the subject of improving the non-state pension provision mechanism considering the fintech application implementation into the system. The purpose of the study is to develop an application conceptual model in the framework of pension planning and individual pension strategies formation considering constant monitoring of changes in the legislative, economic, and other spheres to create an additional way for citizens to independently form long-term savings for developing the third level of the pension system. Information synthesis and analysis, available literature review, comparison, the results obtained formalization and specification have been carried out. The paper presents problems and analysis of existing programs to motivate long-term savings and proposals in the field of pension savings formation for developing the third level of pension provision. AKPIN fintech-application will allow to develop individual strategies for pension savings formation and will be aimed at a long-term strategy implementation for developing the accumulative component of the pension system in Russia. The proposed application has the ability to analyze the user’s data and, based on it, offer recommendations to increase their savings. If the user decides to spend funds, it can also issue recommendations on request. Due to continuous monitoring of the news background, financial regulators’ actions, financial indicators and changes in legislation, the application can offer up-to-date recommendations and assist users in making effective individual decisions in the area of pension savings management for citizens of the Russian Federation. |
| format | Article |
| id | doaj-art-95f6536a96244283923dd0a23779c016 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2024-06-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-95f6536a96244283923dd0a23779c0162025-02-04T08:28:20ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-06-010420721510.26425/1816-4277-2024-4-207-2153088AKPIN fintech application as one of the drivers for non-state pension system developmentE. V. Knyazev0M. L. Dorofeev1Financial University Under the Government of the Russia FederationFinancial University Under the Government of the Russia FederationThe article studies the subject of improving the non-state pension provision mechanism considering the fintech application implementation into the system. The purpose of the study is to develop an application conceptual model in the framework of pension planning and individual pension strategies formation considering constant monitoring of changes in the legislative, economic, and other spheres to create an additional way for citizens to independently form long-term savings for developing the third level of the pension system. Information synthesis and analysis, available literature review, comparison, the results obtained formalization and specification have been carried out. The paper presents problems and analysis of existing programs to motivate long-term savings and proposals in the field of pension savings formation for developing the third level of pension provision. AKPIN fintech-application will allow to develop individual strategies for pension savings formation and will be aimed at a long-term strategy implementation for developing the accumulative component of the pension system in Russia. The proposed application has the ability to analyze the user’s data and, based on it, offer recommendations to increase their savings. If the user decides to spend funds, it can also issue recommendations on request. Due to continuous monitoring of the news background, financial regulators’ actions, financial indicators and changes in legislation, the application can offer up-to-date recommendations and assist users in making effective individual decisions in the area of pension savings management for citizens of the Russian Federation.https://vestnik.guu.ru/jour/article/view/5236fintech applicationnon-state pension provisionpensionlong-term savingsco-financingpension savings market |
| spellingShingle | E. V. Knyazev M. L. Dorofeev AKPIN fintech application as one of the drivers for non-state pension system development Вестник университета fintech application non-state pension provision pension long-term savings co-financing pension savings market |
| title | AKPIN fintech application as one of the drivers for non-state pension system development |
| title_full | AKPIN fintech application as one of the drivers for non-state pension system development |
| title_fullStr | AKPIN fintech application as one of the drivers for non-state pension system development |
| title_full_unstemmed | AKPIN fintech application as one of the drivers for non-state pension system development |
| title_short | AKPIN fintech application as one of the drivers for non-state pension system development |
| title_sort | akpin fintech application as one of the drivers for non state pension system development |
| topic | fintech application non-state pension provision pension long-term savings co-financing pension savings market |
| url | https://vestnik.guu.ru/jour/article/view/5236 |
| work_keys_str_mv | AT evknyazev akpinfintechapplicationasoneofthedriversfornonstatepensionsystemdevelopment AT mldorofeev akpinfintechapplicationasoneofthedriversfornonstatepensionsystemdevelopment |