Prospects for cooperation between the financial corporation and companies, working in the field of digital technologies

The problems, associated with the development of new digital technologies, which, in turn, have an impact on the activities of large financial institutions of the Russian Federation, have been examined in the article. The aim of the study is to analyze the current situation in the economy, related t...

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Main Authors: V. S. Efremov, A. S. Pilishvili
Format: Article
Language:Russian
Published: State University of Management 2019-06-01
Series:Управление
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Online Access:https://upravlenie.guu.ru/jour/article/view/193
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author V. S. Efremov
A. S. Pilishvili
author_facet V. S. Efremov
A. S. Pilishvili
author_sort V. S. Efremov
collection DOAJ
description The problems, associated with the development of new digital technologies, which, in turn, have an impact on the activities of large financial institutions of the Russian Federation, have been examined in the article. The aim of the study is to analyze the current situation in the economy, related to the growth of the market for digital products, their integration into the existing model of providing financial services to clients, as well as finding solutions to the joint activities of financial corporations and financial and technological companies. The definitions and main activities of financial corporations and fintech startups have been given in the article. The advantages and disadvantages of a large financial corporation and developing companies, operating in the field of digital technologies, as well as the positive results of combining their resources, have been highlighted. Positive examples of world experience in cooperation between the two types of these organizations and the attitude of the main regulator of the Central Bank of Russia to the development and implementation of financial technologies in the country’s economy have been adduced.The problems and opportunities of high competition in the struggle for the modern consumer, which lead to the rapid development of the entire financial industry market, have been analyzed. The results of the study have showed, that every day, worldwide, fintech companies test a significant number of digital products, various open architecture tools, methods of transferring information through blockchain technologies, and optimize and integrate into the existing systems new client base programs, that completely change the main business processes of large enterprises and have a significant impact on the main consumer - a person. This indicates the need for further research aimed at studying and analyzing the integration of financial corporations with technology companies, changing the existing business model, finding new approaches to the modern consumer and creating a new organization development strategy in the digital economy of the country.
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spelling doaj-art-d78e9202a62e4109b332190b22ecd7772025-02-04T09:04:38ZrusState University of ManagementУправление2309-36332713-16452019-06-0172576410.26425/2309-3633-2019-2-57-64168Prospects for cooperation between the financial corporation and companies, working in the field of digital technologiesV. S. Efremov0A. S. Pilishvili1RUDN UniversityRUDN UniversityThe problems, associated with the development of new digital technologies, which, in turn, have an impact on the activities of large financial institutions of the Russian Federation, have been examined in the article. The aim of the study is to analyze the current situation in the economy, related to the growth of the market for digital products, their integration into the existing model of providing financial services to clients, as well as finding solutions to the joint activities of financial corporations and financial and technological companies. The definitions and main activities of financial corporations and fintech startups have been given in the article. The advantages and disadvantages of a large financial corporation and developing companies, operating in the field of digital technologies, as well as the positive results of combining their resources, have been highlighted. Positive examples of world experience in cooperation between the two types of these organizations and the attitude of the main regulator of the Central Bank of Russia to the development and implementation of financial technologies in the country’s economy have been adduced.The problems and opportunities of high competition in the struggle for the modern consumer, which lead to the rapid development of the entire financial industry market, have been analyzed. The results of the study have showed, that every day, worldwide, fintech companies test a significant number of digital products, various open architecture tools, methods of transferring information through blockchain technologies, and optimize and integrate into the existing systems new client base programs, that completely change the main business processes of large enterprises and have a significant impact on the main consumer - a person. This indicates the need for further research aimed at studying and analyzing the integration of financial corporations with technology companies, changing the existing business model, finding new approaches to the modern consumer and creating a new organization development strategy in the digital economy of the country.https://upravlenie.guu.ru/jour/article/view/193financial corporationfinancial technologiesfintech companiesdigitalization of the economydigital economydigital person as a customer
spellingShingle V. S. Efremov
A. S. Pilishvili
Prospects for cooperation between the financial corporation and companies, working in the field of digital technologies
Управление
financial corporation
financial technologies
fintech companies
digitalization of the economy
digital economy
digital person as a customer
title Prospects for cooperation between the financial corporation and companies, working in the field of digital technologies
title_full Prospects for cooperation between the financial corporation and companies, working in the field of digital technologies
title_fullStr Prospects for cooperation between the financial corporation and companies, working in the field of digital technologies
title_full_unstemmed Prospects for cooperation between the financial corporation and companies, working in the field of digital technologies
title_short Prospects for cooperation between the financial corporation and companies, working in the field of digital technologies
title_sort prospects for cooperation between the financial corporation and companies working in the field of digital technologies
topic financial corporation
financial technologies
fintech companies
digitalization of the economy
digital economy
digital person as a customer
url https://upravlenie.guu.ru/jour/article/view/193
work_keys_str_mv AT vsefremov prospectsforcooperationbetweenthefinancialcorporationandcompaniesworkinginthefieldofdigitaltechnologies
AT aspilishvili prospectsforcooperationbetweenthefinancialcorporationandcompaniesworkinginthefieldofdigitaltechnologies