The article considers opportunities, risk and challenges of development of digital financial technologies. To identify them we use the scenario approach. We determine three main development scenarios for the market of innovative financial technologies - “domination of traditional financial companies”, “segmentation of market of new financial technologies’, and “domination of digital financial companies”, in terms of their probability and possible consequences for the global financial markets. The results of analysis allowed to suggest that among main scenarios of FinTech development the most probable is the splitting of existing market, that in perspective can generate into the market of digital transnational financial corporations, which will squeeze out both small companies and traditional financial giants. However, although the scenario of capturing the financial market by big players is currently unlikely, but it is certainly more important in terms of the consequences for the global markets. The main pre
Translated title of the contributionFintech as a Precondition of Transformations in Global Financial Markets
Original languageRussian
Pages (from-to)23-35
JournalФорсайт
Volume14
Issue number2
StatePublished - 2020

    Research areas

  • comparative analysis, digital economy, finance, financial inclusion, FinTech, global financial markets, international cooperation, investment, regulation, Republic of Korea, risks, Russian Federation, scenario approach, глобальные финансовые рынки, международное сотрудничество, регулирование, республика Корея, риски, россия, сравнительный анализ, сценарный подход, финансовая включенность населения, финтех, цифровая экономика

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