ADAPTATION OF INFORMATION TECHNOLOGIES IN THE FINANCIAL SECTOR OF THE RUSSIAN FEDERATION: MAIN TRENDS AND PROBLEMS

Abstract

In today's world, the introduction of information technology into the financial sector is a key area of economic development. The use of advanced technological solutions serves as an indicator of increased efficiency in the work of financial and insurance companies around the world. The Russian financial market, which is experiencing fierce competition, is in particular need of effective information support. Every aspect of financial organizations' activities—from data analysis and processing to mathematical modeling and forecasting—requires significant time and complex calculations. The relevance of studying the informatization of the Russian financial sector is due to the need to speed up the processing of financial transactions, the volume of which has grown significantly over the past decade. Fintech systems act as a catalyst for the development and promotion of modern financial products and services. The introduction of information technologies allows Russian financial institutions to increase their competitiveness through greater transparency of operations and compliance with regulatory requirements. In addition, the development of informatization can contribute to the faster integration of Russian financial organizations into the international financial system.