ISSUES OF IMPROVEMENT OF THE LEGAL AND LEGISLATIVE BASIS OF THE CROSS-CHANNEL INFORMATION TECHNOLOGIES OF THE CREDIT-FINANCIAL SECTOR

This study focuses on issues of regulatory and legislative regulation of cross-channel information technologies in the credit and financial sector. The author has formed a qualitatively different view on the application of information data in the context of their integration into new technological solutions. The paper examines in detail the directions that, to a greater degree, shape the future of the modern credit and financial sphere, taking into account the improvement of the regulatory framework for the regulation of cross-channel information technologies. The author presents the practical implementation of recommendations to improve the regulatory framework for the regulation of cross-channel information technologies, which in the future will allow to ensure the development of instrumental types of control and protection of information in the credit and financial sector, to increase the degree of interaction between FinTech companies and traditional financial intermediaries using online models and models of closed interaction, to disclose the requirements for financial products and services of joint consumption, to consolidate the concept of “data Analytics” in the current legislation in the framework of determining the permissible limits and forms of their use, to formalize methods of forecasting and back-testing when using information systems and to provide for the creation of a unified system of management and information cyber security for credit and financial institutions.

credit and financial sector, cross-channel information solutions, regulatory framework, information technology, FinTech companies, block-chain, Basel.

Magomaeva L. R. Issues of improvement of the legal and legislative basis of the cross-channel information technologies of the credit-financial sector // Business. Education. Law. 2019. No. 1 (46). Pp. 221–228. DOI: 10.25683/ VOLBI.2019.46.174.