Transformation of the banking system in the conditions of transformation

The rapid spread of digital technologies, often referred to in the scientific community by the term "digital revolution", radically changes the economic structure, forms new conditions for the functioning of markets and affects the change of the traditional business landscape. In the context of globalization, political events and their economic consequences, the transition to a new technological order, a tough regulatory burden and increased competition challenge all financial and credit organizations. The paper studies some features of the digital transformation of the banking sector of the national economy. The advantages of transformational changes in the financial sector are analyzed. The vectors of digitalization and transformation of the banking sector are considered.