Impacting of digitalization on banking sector transformation
DOI:
https://doi.org/10.35774/visnyk2024.04.105Keywords:
bank assets, bank liabilities, deposits, loans, operational sustainability, banking efficiency, strategic (retrospective) controlAbstract
Introduction. Over the past decade, the digitalisation of the global economy has led to a significant increase in competition in the financial services market, forcing the banking system to respond to new challenges.
The aim of research. The aim of the article is to determine the impact of digitalisation on the transformation of the banking sector and to identify practical recommendations for improving its efficiency.
The purpose of the study. The purpose of the article is to determine the impact of digitalisation on the transformation of the banking sector and to identify practical recommendations for improving its efficiency.
Research methods. A set of methods of scientific knowledge was used to ensure the conceptual unity of the study. The methodological basis is the resource-based approach to the study of economic processes and phenomena, as well as the fundamental principles of finance theory and probability theory, as well as mathematical statistics. Non-parametric statistical methods were used to determine the impact of digitalisation on the transformation of the banking sector.
The information base of the study is the annual financial statements of Ukrainian banking institutions; scientific works of Ukrainian and foreign scholars on the subject of this study.
The results of research. The proposed methodological approach to determining the sustainability of the process of attracting deposit resources based on the stability of the time series according to the Foster-Stewart criterion provides an opportunity to conduct a comprehensive analysis of the sustainability of banking institutions and respond in a timely manner to globalisation and internal challenges.
Practical significance. The developed methodological approach to determining the impact of digitalisation on the transformation of the banking sector makes it possible to predict the development of banking activities, to mitigate the impact of threats and negative factors on it, to make effective management decisions to ensure the operational stability and efficiency of the banking sector in the digital economy of Ukraine.
Prospects for further research. Areas for further research may include determining the relationship between the characteristics of the sustainability of the process of attracting deposit resources and the characteristics of the sustainability of external economic factors that may affect this process, as well as developing a methodological approach to monitoring the nature of the banking sector’s transformation in the digital economy.
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