Development trends of the fintech ecosystem in russian economy

In modern conditions of Russian economy, to create an innovative product (or service) that meets the requirements of users it is necessary to combine resources and competencies of several companies. Issues related to the network integration of companies based on the creation of ecosystems are quite controversial. In modern scientific literature there is no consensus on the definitions of an ecosystem and the ecosystem of the financial technology market (fintech market). This substantiates the relevance of the study. In the context of the dynamic development of financial technologies in Russia, new forms of organizing the interaction of enterprises for the integration of innovative ideas, the development and creation of innovative goods and services are of particular importance. The goal of this article is to determine the essence, features and prospects of developing the fintech ecosystem of Russia. The article provides an overview of the main works devoted to substantiating the concept of an ecosystem, analyzes the features and advantages of this form of organizing the financial technology market. The authors clarify the definition “financial technology market ecosystem”, develop the classification of fintech ecosystems, and formulate the main directions of state regulation of the fintech market ecosystem. The article presents an analysis of priority initiatives aimed at the development of the Russian fintech ecosystem of the global and Russian markets of innovative financial technologies and services determined from the results of the study.