Trends of digitalization of banks in the global community

Digitalization is the dominant trend in the development of the global banking system, which began in the 50s of the last centuries. Its trends vary depending on the period and geography. The innovative trend continues in the USA and Europe: the use of artificial intelligence, the creation of convenient banking applications, countering cyber threats. In Russia, in the current situation, trends reflect the need for security, stabilization and smooth operation of the banking system in the face of Western sanctions. Examples of Russian trends: synchronization between the Ministry of Digital Development and the Central Bank, the development of the digital ruble, the use of digital financial assets, blockchain platforms and smart contracts. The use of artificial intelligence is also popular. In the future, we should expect an increase in trends towards deglobalization and the development of digital capabilities of the domestic banking system of the country.