Russian Population in the Modern Financial Market: From Digital “Divides” to Digital Profiles

DOI

10.2991/aebmr.k.201205.082How to use a DOI?

Keywords

digital activity, deposits, credits, per capita income, risks, correlation analysis

Abstract

Digital financial technologies are changing the role of the population in the functioning of the financial market, changing the quality of the availability of financial services, expanding the range of possible financial instruments, replacing physical interaction with a digital profile. This paper focuses on the analysis of the current situation of digitalization in the Russian financial market: by studying the relationships, the authors try to determine the readiness of the population for digital transformation of the market and the use of digital profiles. Correlation analysis of macroeconomic indicators of digital activity of Russian households, volumes of deposits and credits of individuals and per capita income is used. The links between indicators of digital activity of the population and the volume of deposits and credits of individuals, as well as per capita income, are statistically significant, direct and very high. An interesting discovery was the presence of negative links between the digital activity of the population and the share of the population with per capita money income, equivalent to the level of the subsistence minimum. Based on the results of the correlation analysis, the authors make a number of assumptions about the presence of “digital divide”, their overcoming on the eve of the implementation of the national institute of the digital profile of an individual and the possible risks of using a digital profile for the population and financial organizations.

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/).

Download article (PDF)

TY  - CONF
AU  - Yu.S. Evlakhova
AU  - V.S. Kokhanova
PY  - 2020
DA  - 2020/12/07
TI  - Russian Population in the Modern Financial Market: From Digital “Divides” to Digital Profiles
BT  - Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020)
PB  - Atlantis Press
SP  - 492
EP  - 497
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201205.082
DO  - 10.2991/aebmr.k.201205.082
ID  - Evlakhova2020
ER  -