DIGITAL TECHNOLOGIES IN THE FINANCIAL SECTOR OF THE ECONOMY

Abstract

The article is devoted to the study of the main trends in the development of digital technologies in the financial sector of the economy, namely, the topic is relevant in the context of rapid globalization, digitalization and transition to digital ecosystems. The modern financial sector of the economy at different stages of its life cycle cannot function without the use of digital technologies. In addition, online activity, browsing social networks, and web pages, and using various applications are essential for civil society. The purpose of this paper is to study the changing impact of advanced technologies on digital security, as well as to substantiate the trends in the development of digital technologies in the financial sector of the economy. The article characterizes the risks arising from the digitalization of the economy - the results of the analysis show that the effective use of these factors can stimulate the competitiveness of financial institutions. The level of threat in data management is investigated, which should be taken into account when forecasting potential threats of digitalization in the financial sector of the economy, which allows the management of institutions to optimize: financial, human and technological resources for risk management and take measures to offset possible losses from cyber threats and restore the stable development of economic systems. The article identifies trends in the development of digital technologies in the financial sector of the economy that require detailed study and provide for the transition to a modern digital financial platform. This transition will not only strengthen the country's domestic market, increasing the level of independence from the import of foreign technologies but will also contribute to improving the global importance of the economy. Therefore, the use of digital technologies in the financial sector of the economy is of key importance, and effective financing in the new economic reality largely ensures the success of the country's socio-economic development.

Keywords

• digital detox
• data security
• digitalisation
• vision
• management
• finance