THE FINTECH INDUSTRY IN THE 21ST CENTURY AND ITS IMPACT ON THE INTERNATIONAL ECONOMIC SYSTEM
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Abstract
The article analyzes the evolution of the FinTech direction, its growth and development, indicating the points of shift and transition to the next stages. In connection with the increase in demand for FinTech products and services, the author also presents a picture of the involvement of foreign countries in the development of mobile and banking technologies, the concentration of their use in the general indicator of the population. Understanding the importance of innovation and the digitalization process, the article demonstrates the relationship and influence, as well as the value, advantages and disadvantages of using test sites – “sandboxes” in the implementation and testing of FinTech proposals.
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This work is licensed under a Creative Commons Attribution 4.0 International License.
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