ANALYSIS OF FINANCIAL STABILITY TO THE BANKING SYSTEM AND ASSESSMENT LEVEL INFLUENCE OF INNOVATIVE TECHNOLOGIES

Abstract

The transition of the banking system to innovative technologies is one of the main elements of maintaining the economic system and financial relations. The importance of the digitalization process is growing in an uncertain environment, in which the rationality and efficiency of its application significantly affects the stability of the financial system and increases the mobility of uninterrupted transaction operations for the formation of savings and their further investment. The study reveals the application of the latest technologies in the financial sector and outlines their impact from the point of view of rating assessments. The main results of the activities of financial institutions under martial law are characterized. The pace of implementation of digital strategies in the domestic banking sector and in comparison, with foreign companies is revealed. The dependence of financial stability of banking institutions on the speed of adaptation to changes in the external environment, as well as orientation to the needs of consumers and responsiveness to customer requests is substantiated. It is proved that the position of the bank in the reliability rating is associated with the successful implementation of innovative and information technologies, as well as the ability to apply them competently. The study proves that the role of banking innovations remains significant under different conditions and at different stages of the economic cycle.