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Risks of Banking Transformation in Digitalization

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Technological Trends in the AI Economy

Abstract

The paper discusses the impact of the digitalization of the economy on the transformation of banking. The use of advanced digital technologies and technologies for managing big data allows to significantly expand the client base of banks and reduce the costs of banking services. Simultaneously, banking services have become more convenient and accessible to customers. It is noted that along with a new progressive development paradigm, digital channels of work in the banking market lead to an increase in the risks of banking activities in terms of their information component. At the same time, the most important and difficult in management is an information risk, which becomes a factor in all traditional banking risks.

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References

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Correspondence to Olga G. Semenyuta .

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© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

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Semenyuta, O.G., Shapiro, I.E. (2023). Risks of Banking Transformation in Digitalization. In: Makarenko, E.N., Vovchenko, N.G., Tishchenko, E.N. (eds) Technological Trends in the AI Economy. Smart Innovation, Systems and Technologies, vol 625. Springer, Singapore. https://doi.org/10.1007/978-981-19-7411-3_38

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