Application of international experience in financial technologies and digitalization of business processes

Abstract

In today's world, financial technologies (FinTech) and digitalization of business processes are key factors that determine the competitiveness and success of companies in various sectors of the economy. The implementation of innovative solutions allows to increase the efficiency of management, reduce costs, increase the speed of customer service and improve risk management. This issue becomes especially relevant against the background of globalization, the increased need for safe and fast transactions, as well as the impact of the COVID-19 pandemic, which has accelerated the digital transformation of many areas. Fintech is a synthesis of digital technologies and innovations in the financial sphere, used to provide, expand and distribute financial services by technological companies.