Article - Problems of Modern Economics

Kochergin D. A.
Chair of Credit Theory and Financial Management, St. Petersburg State University, PhD (Economics), Professor
Ali Kh.
PhD student, St. Petersburg State University

Transformation of the banking business model under the impact of digital technologies (Russia, St. Petersburg)

The article focuses on the perspectives of influence produced by technological innovations and digital technologies upon the transformation of the banking activity, changes in banks’ business models and modifications of the functions exercised by financial organizations in the context of the digital economy. The authors evaluate the impact of innovations upon the traditional banks’ business model and distinguish the most promising business models in the era of digitalization. The article analyzes the evolution of banks’ business models, identify the draw-backs of the traditional model of banking activity, and describes specific features of the existing business-models use by participants of the financial market.

Key words: bank, financial organizations, business-model, technological innovations, digitalization, digital technologies

Pages: 107 - 112

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