DIGITAL FINANCIAL TECHNOLOGIES IN THE STRUCTURAL MODERNIZATION OF THE BANKING SYSTEM

Abstract

Introduction. The digitization of the financial sector is one of the key factors in the transformation of modern economies and is causing profound structural changes in the functioning of banking systems. The active introduction of digital financial technologies is changing traditional models of financial intermediation, channels of interaction with customers, approaches to risk management, and competitive conditions in the financial market. In the context of global digital competition and European integration processes, the issue of structural modernization of the Ukrainian banking system, taking into account institutional, economic, and other challenges, is becoming particularly relevant. The рurpose of the article is to study the role of digital financial technologies in the structural modernization of the banking system and to identify the main directions of its transformation under the influence of digitalization. Results. The study found that digital financial technologies contribute to the expansion of remote service channels, the formation of platform banking ecosystems, and the improvement of operational efficiency and quality of financial services. At the same time, digitalization raises the issues of cybersecurity, regulatory adaptation, and digital risk management, which require coordinated decisions at the level of banking institutions and public policy. Conclusions. The theoretical significance of the results lies in deepening scientific understanding of the structural effects of the digitalization of the banking system, while the practical significance lies in the possibility of using the conclusions to improve regulatory approaches and strategies for the development of the banking sector. The generalized results confirm the feasibility of a systems approach to digital transformation as a prerequisite for enhancing the economic stability and competitiveness of the national economy.