THREATS TO THE FINANCIAL SECURITY OF UKRAINIAN BANKING INSTITUTIONS UNDER THE CONDITIONS OF DIGITALIZATION
DOI:
https://doi.org/10.29038/2786-4618-2024-02-61-68Keywords:
banking sector, banking system, financial security, banking institutions, banking innovations, investments, innovations, threats, digitization (digitalization)Abstract
Introduction. The relevance of the study is due to the need to investigate threats to the financial security of the banking sector of Ukraine in the context of global digitalization of the financial space. The banking system of Ukraine is currently facing a dual problem, in particular, the pace of innovation and investment activities of banks and global technological progress contribute to the emergence of new banking innovations, while on the other hand, the Ukrainian banking system faces numerous internal risks and threats. The ability to minimize the negative impact of such threats, timely detection and neutralization of them contributes to the improvement of the financial security of banking institutions, taking into account the level of their innovation and investment activities.
The purpose of the article. The aim of the paper is to study threats to the financial security of banking institutions in the context of digitalization of the financial space and active use of banking innovations by commercial banks.
Metods. In order to achieve this goal, the authors used the following research methods: analysis and synthesis, systematization, abstract thinking, and scientific abstraction.
Results. In the article, the authors systematize scientific approaches to defining the essence of financial security of a banking institution and propose the author's approach to its typological characteristics with due regard for digitalization. The study also classifies threats to the financial security of banking institutions.
Conclusiоns. It is substantiated that all threats to the financial security of banking institutions are divided into internal and external. Based on a critical analysis, the author's own approach to systematizing external and internal threats to the financial security of banking institutions in the context of intensifying their innovation activities is proposed, in particular, threats to the financial security of commercial banks are allocated by such features as: general economic situation; financial condition and financial stability; technological and digitalization; competitive environment; level of management and human resources; martial law.
References
Pro Stratehiyu natsionalʹnoyi bezpeky Ukrayiny. Ukaz Prezydenta Ukrayiny №392/2020. [About the National Security Strategy of Ukraine. Decree of the President of Ukraine No. 392/2020]. Available at: https://www.president.gov.ua/documents/3922020-35037 [In Ukrainian].
Baranovsʹkyy O.I. (2016). Bankivsʹka bezpeka: problema vymiru. [Bank safety: the problem of measurement]. Ekonomika i prohnozuvannya , p. 7–26. [in Ukrainian].
Finansova bezpeka pidpryyemstv ta bankivsʹkykh ustanov (2009). [Financial security of enterprises and banking institutions] / za zah. red. A. A. Yepifanova. Sumy : UABD NBU, 2009. 295 p. [In Ukrainian].
Brusakova O. V. (2022). Finansova bezpeka bankivsʹkoyi systemy derzhavy. Aktualʹni pytannya zabezpechennya finansovoyi bezpeky derzhavy v umovakh hlobalizatsiyi. Available at: https://dspace.univd.edu.ua/server/api/core/bitstreams/b618f535-cb93-40e5-a841-c5feef31ec36/content [In Ukrainian]
Lieonov S. V., Vasylieva T. A., Buriak A. V. (2013) Efektyvnist bankivskoho biznesu v Ukraini: stokhastychnyi frontirnyi analiz [Efficiency of banking business in Ukraine: stochastic frontier analysis]. Visnyk Natsionalnoho banku Ukrainy. no. 6, pp. 19-25. [In Ukrainian].
Khutorna M. E., Kostohryz V. H. (2020). Efektyvnistʹ diyalʹnosti bankiv v umovakh tsyfrovizatsiyi [Effectiveness of banks in conditions of digitalization]. Visnyk Universytetu bankivsʹkoyi spravy, №. 2 (38). P. 27–34. [In Ukrainian].
Dziamulych, M., Stashchuk, O., Korobchuk, T., Mostovenko, N., Martyniuk, R., Strelkova, I., & Grebeniuk, N. (2021). Banking innovations and their influence on the formation of digital banking. AD ALTA: Journal of interdisciplinary research, № 11 (2), р. 108-112. Available at: https://www.magnanimitas.cz/ADALTA/110221/papers/A_18.pdf [In English].
Karcheva H. T., Ohorodnya D.V., Openʹko V.A. (2017). Tsyfrova ekonomika ta yiyi vplyv na rozvytok natsionalʹnoyi ta mizhnarodnoyi ekonomiky [The digital economy and its impact on the development of the national and international economy]. Finansovyy prostir, № 3 (27). P. 13 – 21 [In Ukrainian].
Feyen E, Frost J., Gambacorta L, Natarajan H. and Saal M. Fintech and the digital transformation of financial services: implications for market structure and public policy. The Bank for International Settlements and the World Bank Group 2021. Available at: https://www.bis.org/publ/bppdf/bispap117.pdf [In English].
Cherkashyn I. (2023). Bankivsʹka systema Ukrayiny v umovakh viyny: klyuchovi vyklyky ta vazhlyvi transformatsiyi zarady vyzhyvannya [The banking system of Ukraine in the conditions of war: key challenges and important transformations for the sake of survival]. Materialy X Mizhnarodnoyi naukovo praktychnoyi konferentsiyi «Formuvannya mekhanizmu zmitsnennya konkurentnykh pozytsiy natsionalʹnykh ekonomichnykh system u hlobalʹnomu vymiri». P. 87-90. [In Ukrainian].
Levandivsʹkyy O. T., Krykhovetsʹka Z. M., Kokhan I. V. (2023). Suchasni tendentsiyi funktsionuvannya bankivsʹkoyi systemy ukrayiny [Modern trends in the functioning of the banking system of Ukraine]. Ahrosvit. №3-4. Available at: http://hdl.handle.net/123456789/15464 [In Ukrainian].
Stashchuk O., Borysiuk O., Shmatkovska T. (2020) Rol bankivskykh innovatsii na finansovomu rynku v umovakh hlobalnoho finansovoho prostoru. [The role of banking innovations in the financial market in the conditions of the global financial space]. Ekonomichnyi chasopys Volynskoho natsionalnoho universytetu imeni Lesi Ukrainky, no. 4 (24), pp. 71-79. Available at: https://doi.org/10.29038/2411-4014-2020-04-71-79 [In Ukrainian].
Hariaha L. O., Kulish R. R. (2019) Finansova bezpeka bankivskoi diialnosti v umovakh tsyfrovizatsii [Financial security of banking activity in conditions of digitalization.]. Problemy ekonomiky. no. 14(42), pp. 163 – 171. Available at: https://www.problecon.com/export_pdf/problems-of-economy-2019-4_0-pages-163_171. pdf. [In Ukrainian].
Poberezhnyi S.M., Plastun O. L., Bolhar T. M. (2010) Finansova bezpeka bankivskoi diialnosti : navchalnyi posibnyk dlia samostiinoho vyvchennia dystsypliny «Bezpeka bankiv». Sumy : DVNZ «UABS NBU», 112 P. [In Ukrainian].
This work is licensed under a 