PRODLEMS OF THE BANKING SYSTEM SUSTAINABILITY IN THE CONTEXT OF DIGITALIZATION
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Author(s): | Gavrilova E. A., Nikolaychuk O. A., |
| Number of journal: | 2(71) | Date: | June 2025 |
| Annotation: | In the context of rapid digitalization, the Russian banking system is facing serious changes and new challenges. Banks are actively implementing modern technologies such as artificial intelligence, big data and blockchain, which is leading to the transformation of traditional business models. At the same time, the risks associated with cyber threats and data leakage are increasing. The article is devoted to the study of the main problems of regulation and supervision in the digital banking system of Russia. Legislative gaps, difficulties in overseeing new financial technologies, as well as information security issues are identified. Special attention is paid to the role of the Central Bank in adapting supervisory practices to the digital environment related to data processing security. Modern fraudulent schemes using messengers, dipfakes, and fake apps targeting users with low levels of digital literacy are identified. Combating this phe- nomenon requires coordinated actions on the part of regulators, banks, and IT solution providers. The entry of the banking sys- tem into a digital, potentially highly efficient, but risky phase of development requires achieving a balance between technological development, regulatory control, economic stability and financial security of Russian citizens. The paper provides an analysis of the development of payment systems, the digital ruble, and banking ecosystems. Based on the study, recommendations are proposed for improving legal regulation, strengthening data protection measures and increasing the sustainability of the financial sector. The material may be useful for specialists in the field of economic theory, finance and law, as well as for those who are interested in the digital transformation of the banking sector. It is concluded that only with a comprehensive approach — coordinated govern- ment policy, responsibility of the banking sector and innovative activity of the IT industry — will the banking system be able to maintain stability, efficiency and trust in modern conditions. | ||
| Keywords: | digitalization, banking system, regulation, supervision, cyber threats, digital ruble, banking ecosystems, information security, artificial intelligence, fintech, payment systems, data economy |
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| For citation: | Nikolaichuk O. A., Gavrilova E. A. Prodlems of the banking system sustainability in the context of digitalization. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2025;2(71):120—126. DOI: 10.25683/VOLBI.2025.71.1297. |
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