Digital Financial Services Market Development: Background and Prospects
- DOI
- 10.2991/aebmr.k.200509.081How to use a DOI?
- Keywords
- digital financial market, online population, market subsegment, digital financial services
- Abstract
Subject. In the context of economy digitalization, the development of digital financial services market is an objective consequence of the economic relations development. In this regard, the significant potential of the digital financial services should be used to improve the financial architecture and the quality of life through developing the digital financial services for both legal entities and the population. The aim of the research is to identify the background and develop the perspective directions for advancing the digital financial services under digital transformation of economy both at national and international levels. Methodology. Using analysis and comparison, the research featuresthe dynamics of population change andonline population in Russia compared to global trends, as well as the current state of internet demand. In the authors’ view, the digital financial services development is based on a cybernetic approach, which providesa certain synergistic effect. Results. Original approaches to the “digital financial market” and “potential of digital financial services market” categories areproposed and the mechanism for managing the development of the digital financial services market is also developed. Conclusions are made that the digital financial services market is one of the key elements of the national economy, which aims at solving problems connected with financial services accessibility for the population. Like any element of the economy, the market for digital financial services has certain advantages and disadvantages, but they do not have a significant negative impact on the financial system as a whole and the financial services market in particular.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - M.P. Loginov AU - N.V. Usova AU - E.E. Nedorostkova PY - 2020 DA - 2020/05/12 TI - Digital Financial Services Market Development: Background and Prospects BT - Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020) PB - Atlantis Press SP - 453 EP - 456 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200509.081 DO - 10.2991/aebmr.k.200509.081 ID - Loginov2020 ER -