Uman National University | today: 05/23/2026
| Author(s) | Prokopchuk O.T., Candidate of Economics, , Uman National University of Horticulture, Ukraine | ||
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| Category | Economics | ||
| year | 2026 | issue | Issue 108 part 2 |
| pages | 7-17 | index UDK | 336:004(477) | DOI | 10.32782/2415-8240-2026-108-2-7-17 (Link) |
| Abstract | The current stage of economic development is characterized by the rapid adoption of digital technologies across all spheres of public life, particularly in the financial sector. In Ukraine, the process of digitalization is becoming particularly relevant in the context of globalization, growing competition in financial markets, and the need to improve the efficiency of the financial system. At the same time, the transformation of Ukraine’s financial system is accompanied by a number of challenges, including an insufficient level of financial technology development, uneven digital infrastructure, and the need to improve the regulatory framework. Ensuring cybersecurity and data protection during the implementation of digital innovations is also a significant challenge. In this regard, there is a need for a comprehensive study of the processes of transformation of Ukraine’s financial system under the influence of digital technology development, as well as the identification of key trends, challenges, and prospects for its further development. This article examines the transformation of Ukraine’s financial system in the context of the development of digital technologies. It explores the nature of the financial sector’s digitalization and its impact on changing traditional approaches to the provision of financial services. Current development trends are analyzed, including the growth in the share of non-cash payments, the spread of remote banking, the increase in the number of users of digital financial services, and the revitalization of the fintech market. The study found that digital technologies contribute to improving the efficiency of the financial system, expanding access to financial services, and forming new models of interaction among financial market participants. At the same time, the study identified issues related to the uneven development of digital infrastructure, the need to enhance cybersecurity, and the need to improve regulatory frameworks in the field of digital finance. A synthesis of the study’s findings has made it possible to identify key directions for the further development of Ukraine’s financial system, which are linked to the advancement of digitalization, the integration of innovative financial technologies, and the enhancement of the financial sector’s resilience in the context of the digital economy. Prospects for further research should focus on an in-depth analysis of the mechanisms for integrating Ukraine’s financial system into the global digital space, as well as an assessment of the effectiveness of implementing innovative financial technologies in ensuring economic resilience. Overall, digitalization is a key factor in the modernization of Ukraine’s financial system and forms the basis for its further development in the digital economy. | ||
| Key words | Ukraine's financial system, digitalization, financial technology (FinTech), digital financial services, cashless payments, online banking, financial market, cybersecurity, digital economy | ||