Инновации в банковой сфере России: проблемы и перспективы

Innovations are a key element of stability, competitiveness and sustainable economic growth of the banking sector, which have specific properties in pricing for products and services of the sector in question, which makes it difficult for banks to fully compete on price. Therefore, one of the main ways for banks to attract customers is to improve the quality of services through the development and implementation of new banking technologies, financial transactions and products. The problem of innovations in the banking sector is very relevant in the current economic situation in Russia, since the success of entities in the market is largely determined by the introduction of innovative banking products and technologies. In addition, the difficulties and complexities of the formation and implementation of an innovative mechanism in the banking sector have not been considered for a long time. The authors have identified some approaches to the definition of “banking innovation”, revealed its author’s understanding. Examples of banking products and their competitive advantages are given, a brief description is given, accompanied by statistical data. Problems and shortcomings, ways to solve them are revealed, which will allow a better understanding of the current state and future possibilities of innovative development of banks in the Russian Federation.