Transaction banking business in the era of financial technologies

The study discusses the issues of digitalization of the economy in general and the banking sector in particular and the impact of the financial technologies development on the transaction banking business. Thus, in the context of the transition to the digital economy, the introduction of digital technologies into various sectors of the economy is of particular interest. The relevance of the research is determined by the fact that the banking sector is one of the promising areas of digitalization. The purpose of the study is to analyze the current market situation of the transaction banking business due to the development and introduction of the new financial technologies since the explosive growth of innovative technologies and globalization as a whole is the main challenge for the banking system. Nowadays, in the customer ecosystem, the sale of goods, works and services can be carried out in electronic form by means of smart contracts.