Systematization of Approaches to the Development and Regulation of Financial Technologies
- Authors: Razletovskaia V.V.1
-
Affiliations:
- Moscow State Institute of International Relations (University) of the Russian Foreign Ministry
- Issue: Vol 19, No 3 (2023)
- Pages: 288-294
- Section: Management
- URL: https://journals.eco-vector.com/2541-8025/article/view/568471
- DOI: https://doi.org/10.33693/2541-8025-2023-19-3-288-294
- EDN: https://elibrary.ru/XCKVDV
- ID: 568471
Cite item
Abstract
The relevance of the study is due to the search for priorities for the development of financial technologies and clarification of the main directions of their regulatory regulation. The article discusses approaches to regulating the development of financial technologies as a financial service, using innovations, as financial innovation and engineering, or as a convergent management category, and the corresponding range of priority areas of development regulation. Based on the evolutionary approach, it is proved that, depending on the influence of scientific and technological progress and local civilizational factors, these approaches have been used and are being used at the same time, unevenly and inconsistently by different countries. According to the author, taking into account the evolutionary genetic characteristics of fintech, considering its essence from the point of view of managerial content, as a way and technology of organizing relations for the redistribution of resources by innovative methods and technologies will theoretically make sense of the processes of their development as a consistent and orderly development of events. This will create the basis for the methodology of state regulation of the processes of their development, the development of recommendations for the state approach to assessing the situation to justify adequate regulatory measures, including regulatory. Regulatory regulation of not only services with innovative tools, but above all convergent technology-management content, will require clarification of the participants in the relationship, coordination processes, development directions, relevant development coordination structures. Recommendations for the development of the Russian fintech segment are presented.
Full Text
![Restricted Access](https://journals.eco-vector.com/lib/pkp/templates/images/icons/text_lock.png)
About the authors
Viktoriya V. Razletovskaia
Moscow State Institute of International Relations (University) of the Russian Foreign Ministry
Author for correspondence.
Email: DLGLAb@inno.mgimo.ru
ORCID iD: 0000-0002-7755-8673
SPIN-code: 8519-8157
Scopus Author ID: 57220832633
ResearcherId: ABC-8943-2020
Cand. Sci. (Econ.), Head of the Laboratory of Leadership Research in the Global Digital Economy
Russian Federation, MoscowReferences
- Artemenko D. A., Zenchenko S. V. Digital technologies in the financial sphere: evolution and main development trends in Russia and abroad //Finance: theory and practice. —2021. —Vol. 25. —No. 3. —pp. 90–101.
- Bazulin Yu. V. The origin and nature of money. —St. Petersburg: Publishing House of St. Petersburg University, 2008. —246 p. ISBN 978-5-288-04763-3 p. 10.
- Bains, Parma, Arif Ismail, Fabiana Melo, and Nobuyasa Sugimoto. 2022. «Regulating the Crypto Ecosystem: The Case of Stablecoins and Arrangements». IMF Fintech Note 2022/008, International Monetary Fund, Washington, DC. (data accessed: 08.12.2022).
- Veblen T. Why is economics not an evolutionary science? //Terra Economicus. —2006. —Vol. 4. —No. 2. —pp. 99–111.
- Hildebrand B. Political Economy of the present and the future. —2011 с. 16.
- Dubyansky A.N. Philosophical view of money (About the book by W. Bjerg «How is money made? The philosophy of post-credit capitalism»). Economic issues. 2020;(3):129-140. https://doi.org/10.32609/0042-8736-2020-3-129-140.
- Duncan J.-W. Fundamental ideas in management. Lessons of the founders of management and management practice. —M., 1996. p. 83.
- Efimova N. A. Basic approaches to the regulation of the latest financial technologies (FinTech) in the digital economy // Chronoeconomics. —2018. —№.2(10). p. 6.
- Kovalchuk J. (2021) Technologies of the Fourth Industrial Revolution as a Driver of Advancing in Digital Operations Management. In: Konina N. (eds) Digital Strategies in a Global Market. Palgrave Macmillan, Cham. Pp. 99–115. https://doi.org/10.1007/978-3-030-58267-8_8.
- Lagna A., Ravishankar M. N. Making the world a better place with fintech research // Information Systems Journal. —2021. —p. 10. 1111/isj.12333.
Supplementary files
![](/img/style/loading.gif)