Development of the Russian financial technology market: the role of the Central bank

The article proposes the author’s definition of “financial technology.” The institutional composition of the modern fintech market, which includes both traditional banking structures and many technological companies with different capitalization, is revealed. A comparative analysis of the features of the development of the Fintech market in Russia and abroad, which allowed, on the one hand, to reveal the interest of financial organizations to become an active investor in this market, on the other hand, is a key role of the Bank of Russia in this process. In this connection, the types of financial technologies that are relevant for the Bank of Russia, the goals and priority areas of activity in the analyzed market are detailed. The work focuses on the importance of introducing the SupTech supervisory technology into the practice of the Bank of Russia, which mediates, in turn, a new behavioral model of supervised financial organizations in the field of internal control (RegTech).