Application of financial technologies in the banking system of Ukraine

Abstract

T. Lunkina, A. Burkovskaya, K. Gulich. Application of financial technologies in the banking system of Ukraine This article examines the essence of financial technologies and their role in the development of the financial sphere of Ukraine. The issues of emergence of financial technologies are highlighted. It was considered how and with the help of which financial technologies the work of banking institutions is carried out during the COVID-19 pandemic. To determine the strengths and weaknesses, opportunities and threats, a SWOT analysis of the use of online technologies by Ukrainian banking institutions during the COVID-19 pandemic was carried out. It was found that there was an increase in demand among the population of fintech technologies, especially during the COVID-19 pandemic. Keywords: financial technologies, banking system, pandemic, startups, banking institutions, financial inclusion.