Digital financial technologies as a factor of financial sector development: review

Digital financial technologies have a significant impact on the development of the financial sector of the economy. The article reviews and analyzes the research papers related to digital financial technologies and their impact on the development of the financial sector. The study covers both foreign and Russian publications, including research on fintech startups, the use of blockchain technologies, artificial intelligence and machine learning, as well as the efficiency of operations and cost reduction in the financial sector through the use of digital technologies. The analysis of research shows that digital financial technologies improve access to financial services for the broader population, increase transaction efficiency, reduce costs, simplify processes and improve the customer experience. They also promote new business models in the financial sector and attract investment in fintech startups. We can conclude that the development of digital financial technologies is a key factor for the development of the financial sector of the economy. Research publications confirm that digital financial technology improves the availability of financial services, increases the efficiency of transactions, reduces costs and promotes the development of innovative business models.