2409-1634Research result. Economic Research2409-163410.18413/2409-1634-2024-10-1-1-03367FINANCE<strong>DIGITALIZATION OF THE BANKING SECTOR&nbsp;AND FINANCIAL LITERACY</strong><strong>DIGITALIZATION OF THE BANKING SECTOR&nbsp;AND FINANCIAL LITERACY</strong>MashevskayaOksana V.MashevskayaOksana V.202410100

Digitalization of the banking sector implies the use of information technologies to automate and improve work processes in this area. It includes the transfer of traditional financial transactions and services to a digital format, as well as the use of new technologies in the bank&rsquo;s work (blockchain, artificial intelligence and big data). An analysis of the literature showed that such a digital approach is now becoming an integral process of the modern economy, and offers many opportunities to improve the banking services provided and risk management. The article discusses some of the positive aspects brought by digitalization to the banking sector, and the author also shows that digitalization finds a greater response in the economy when the government and the National Bank invest in the development of financial literacy of the population.

Digitalization of the banking sector implies the use of information technologies to automate and improve work processes in this area. It includes the transfer of traditional financial transactions and services to a digital format, as well as the use of new technologies in the bank&rsquo;s work (blockchain, artificial intelligence and big data). An analysis of the literature showed that such a digital approach is now becoming an integral process of the modern economy, and offers many opportunities to improve the banking services provided and risk management. The article discusses some of the positive aspects brought by digitalization to the banking sector, and the author also shows that digitalization finds a greater response in the economy when the government and the National Bank invest in the development of financial literacy of the population.

digital transformationbanking sectorfinancial sectordigitization of banksfinancial literacydigital transformationbanking sectorfinancial sectordigitization of banksfinancial literacyСписок литературы1. Vaganova O.V., Bykanova N.I., Sorokin I.I., Kononykhin D.I. 2021. Digital ruble: prospects of implementation and ways of integration into the financial system of Russia. Economics. Information technologies, 48 (3): 507&ndash;513 (in Russian). DOI 10.52575/2687-0932-2021-48-3-507-5132. Vaganova O.V., Gordya D.V., Sidibe M., Golubotskikh V.N., Pryadko E.A. Technological innovations in the global banking sector of the economy // News of the South-West State University. Series: Economics. Sociology. Management. 2023. T. 13. No. 1. P. 23-34.3. Koncepcija razvitija platezhnogo rynka Respubliki Belarus&#39; i cifrovizacii bankovskogo sektora na 2023-2025 gg. [Concept for the development of the payment market of the Republic of Belarus and digitalization of the banking sector for 2023-2025], available at: https://www.nbrb.by/payment/koncepcija-rasvitija-platioznogo-rinka_2023-2025.pdf (Acceessed: 09.01.2024). (in Russian)4. Koncepcija cifrovogo rublja [Digital ruble concept], available at: https://www.nbrb.by/payment/digital_ruble/concept.pdf (Accessed: 08.01.2024). (in Russian)5. Mamedyarov Z.A. (2021), &ldquo;Uskorenie cifrovizacii na fone pandemii: mirovoj opyt i Rossija&rdquo; [Accelerating digitalization against the backdrop of a pandemic: global experience and Russia], Contours of global transformations: politics, economics, law, 14(4): 92-108. (in Russian)6. Model&#39; Bank-as-a-Servise [Bank-as-a-Service model], available at: https://www.tadviser.ru/index.php/%D0%A1%D1%82%D0%B0%D1%82%D1%8C%D1%8F: (Acccessed: 06.01.2024). (in Russian)7. Nadolny T. Perspektivy tokenizacii: kak rabotaet shema i pochemu jeto vygodno? [Prospects for tokenization: how does the scheme work and why is it beneficial?], available at: https://myfin.by/stati/view/perspektivy-tokenizacii-kak-rabotaet-shema-i-pocemu-eto-vygodno (Accessed: 09.01.2024). (in Russian)8. Nacbank: cifrovoj belorusskij rubl&#39; planiruetsja vvesti [National Bank: a digital Belarusian ruble is planned to be introduced], available at: https://padatak.by/news/world/15532/#:~:text=%D0%A6%D0%B8%D1%84%D1%80%D0%BE%D0%B2%D0%BE (Accessed: 07.01.2024). (in Russian)9. Pshichenko D. Tendencii cifrovizacii finansovogo sektora [Trends in digitalization of the financial sector], available at: http://inkedin.com/pulse/%D1% (Accessed: 07.01.2024). (in Russian)10.Otchet o vypolnenii nauchno-issledovatel&#39;skoj raboty po teme: &laquo;Ocenka i analiz finansovoj gramotnosti naselenija Respubliki Belarus&#39;&raquo; [Report on the implementation of research work on the topic: &ldquo;Assessment and analysis of financial literacy of the population of the Republic of Belarus.&rdquo;], 2022, Minsk, 312 p. (in Russian)11. Sun H., Yuen D.S., Zhang J., Zhang S. (2020), Is knowledge powerful? Data on Financial Education and Income Quality, available at: https://doi.org/10.1016/j.ribaf.2019.101179 (Accessed: 05.01.2024).12. Uroven&#39; cifrovoj gramotnosti v Rossii i Belarusi [Level of digital literacy in Russia and&nbsp;Belarus], available at: https://nafi.ru/analytics/uroven-tsifrovoy-gramotnosti-v-rossii-i-belarusi/#:~:text= (Accessed: 12.01.2024). (in Russian)13. Finansovaja gramotnost&#39; naselenija: ee znachenie i puti dostizhenija [Financial literacy of the population: its importance and ways to achieve it], available at: https://abbanks.by/upload/iblock/015/1.%20%.pdf (Accessed: 10.01. 14. 2024). (in Russian)Finansovaja gramotnost&#39; naselenija [Financial literacy of the population], available at: https://glavnayatema.com/?p=127559# (Accessed: 11.01.2024). (in Russian)15. Cifra v banke [Number in the bank], available at: https://www.kommersant.ru/doc/5634530 (Accessed: 07.01.2024). (in Russian)16. Yuzefalchik I., Levikhina A. (2022.), &ldquo;Cifrovizacija finansovogo sektora i ee determinanty : rezul&#39;taty mezhstranovyh sopostavlenij&rdquo; [Digitalization of the financial sector and its determinants: results of cross-country comparisons], Dasledavanni Banka, 20: 49. (in Russian)