Theoretical aspects of studying financial ecosystems

Introduction. The financial ecosystems of the Russian model serve as an example of successful cooperation between financial institutions and revolutionary digital technologies. In just a few years, the largest banks in Russia have been able to fully adapt to completely new economic realities due to...

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Main Authors: A. V. Savtsova, A. I. Khakirov
Format: Article
Language:Russian
Published: North Caucasus Federal University 2024-06-01
Series:Вестник Северо-Кавказского федерального университета
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Online Access:https://vestnikskfu.elpub.ru/jour/article/view/2678
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author A. V. Savtsova
A. I. Khakirov
author_facet A. V. Savtsova
A. I. Khakirov
author_sort A. V. Savtsova
collection DOAJ
description Introduction. The financial ecosystems of the Russian model serve as an example of successful cooperation between financial institutions and revolutionary digital technologies. In just a few years, the largest banks in Russia have been able to fully adapt to completely new economic realities due to an unconventional way of expanding their influence on financial and non-financial markets. The uniqueness of Russian financial ecosystems makes it necessary to conduct a comprehensive study of this phenomenon in order to understand the essence of the new business model, which brings certain risks not only for the banking sector, but also for the entire economy of the country.Goal. The study aims to systematize the available data on financial ecosystems, propose approaches to their definition and introduce a classification that would allow a more detailed study of each example of Russian ecosystems.Materials and methods. The study is based on the analysis of Russian scientific literature on the topic of financial ecosystems. In the course of the study, statistical data on financial indicators of large financial ecosystems and consolidated values of indicators for the entire banking sector of the Russian Federation were studied. The report for public consultations of the Bank of Russia was studied.Results and discussion. The paper presents the results of systematizing the position of Russian scholars on the issue of defining financial ecosystems. The criteria for classifying financial ecosystems are proposed.Conclusion. The results of the study show that the problem of defining and classifying financial ecosystems is acute, so this phenomenon should be systematically studied in different areas of research, starting with the formation of the conceptual apparatus and ending with mathematical modelling of the possible consequences of uncontrolled ecosystem development.
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spelling doaj-art-07d480982bf44bcab0e538e07e3b85a32025-08-20T03:19:39ZrusNorth Caucasus Federal UniversityВестник Северо-Кавказского федерального университета2307-907X2024-06-010210611310.37493/2307-907X.2024.2.132614Theoretical aspects of studying financial ecosystemsA. V. Savtsova0A. I. Khakirov1North-Caucasus Federal University North-Caucasus Federal UniversityIntroduction. The financial ecosystems of the Russian model serve as an example of successful cooperation between financial institutions and revolutionary digital technologies. In just a few years, the largest banks in Russia have been able to fully adapt to completely new economic realities due to an unconventional way of expanding their influence on financial and non-financial markets. The uniqueness of Russian financial ecosystems makes it necessary to conduct a comprehensive study of this phenomenon in order to understand the essence of the new business model, which brings certain risks not only for the banking sector, but also for the entire economy of the country.Goal. The study aims to systematize the available data on financial ecosystems, propose approaches to their definition and introduce a classification that would allow a more detailed study of each example of Russian ecosystems.Materials and methods. The study is based on the analysis of Russian scientific literature on the topic of financial ecosystems. In the course of the study, statistical data on financial indicators of large financial ecosystems and consolidated values of indicators for the entire banking sector of the Russian Federation were studied. The report for public consultations of the Bank of Russia was studied.Results and discussion. The paper presents the results of systematizing the position of Russian scholars on the issue of defining financial ecosystems. The criteria for classifying financial ecosystems are proposed.Conclusion. The results of the study show that the problem of defining and classifying financial ecosystems is acute, so this phenomenon should be systematically studied in different areas of research, starting with the formation of the conceptual apparatus and ending with mathematical modelling of the possible consequences of uncontrolled ecosystem development.https://vestnikskfu.elpub.ru/jour/article/view/2678financial ecosystemsbanking sectordigital technologiesclassification of financial ecosystems
spellingShingle A. V. Savtsova
A. I. Khakirov
Theoretical aspects of studying financial ecosystems
Вестник Северо-Кавказского федерального университета
financial ecosystems
banking sector
digital technologies
classification of financial ecosystems
title Theoretical aspects of studying financial ecosystems
title_full Theoretical aspects of studying financial ecosystems
title_fullStr Theoretical aspects of studying financial ecosystems
title_full_unstemmed Theoretical aspects of studying financial ecosystems
title_short Theoretical aspects of studying financial ecosystems
title_sort theoretical aspects of studying financial ecosystems
topic financial ecosystems
banking sector
digital technologies
classification of financial ecosystems
url https://vestnikskfu.elpub.ru/jour/article/view/2678
work_keys_str_mv AT avsavtsova theoreticalaspectsofstudyingfinancialecosystems
AT aikhakirov theoreticalaspectsofstudyingfinancialecosystems