банки

Innovations of the Russian financial sector of the economy

Introduction. The digital changes taking place in all spheres of society are most evident in certain sectors, especially in the fi nancial sector. One of the factors of the modern development of a sustainable economy is the digitalization of society associated with the rapid development of information technologies. Informatization of this sector in Russia is associated with the synthesis of legal, economic, social, political changes. Theoretical analysis.The article is devoted to the key trends of informatization of the fi nancial sector of Russia. Consideration of theoretical and methodological approaches to the study of the penetration of digital technologies into the fi nancial sector shows the lag of the Russian practice of deploying digital technologies from Western practices, and rapid growth in 2020 under the infl uence of the covid crisis. Empirical analysis. Analysis of the main suppliers of information technologies in the fi nancial sphere and their products has been carried out. Priority directions of development of information technologies in the fi nancial sector and ways of their implementation are identifi ed. The main approaches to strengthening information security and reliability of fi nancial technologies in Russia have been studied. Synthesis of materials on research of information technologies in the fi nancial sector of Russia has been carried out. Results. Modern realities are such that new technologies based on digital services are actively being introduced into Russian practice, which changes the structure of fi nancial market entities, makes fi nancial products more accessible to citizens and businesses. The penetration of IT companies into the fi nancial services market starts the process of transforming the delivery of fi nancial products and services fi ntech becomes an independent sector of the economy. The format of the fi nancial sector, 24/7, gives users round-the-clock access to services and products, but at the same time forms a range of risks that need to be taken into account and addressed. Digitalization of the fi nancial sector, based on a global rethinking of information solutions, is the key to the transition to sustainable development.

 Izv. Sarat. Univ. Economics. Management. Law, 2022, vol. 22, iss. 3
The Remuneration of Employees of Banking Sector of the China

Introduction. Labor resources in China have great potential for development. The number of employed citizens is 77500 thousand. However, the level of real unemployment in the country is high. Empirical analysis. The article analyses the level and characteristics of remuneration of employees of the banking sector of China. We study the structure of the working population of the country, it investigates the level of wages in the country, including in Chinese banks, is considered the minimum wage in Chinese cities. Given the problems existing in the programs of remuneration of the banks of China, including: the lack of communication targets reached and the amount of financial benefits, the underdevelopment of the system of bonus payments, the unpopularity of rewards for individual merit, gender discrimination in remuneration in the Bank of China, etc. Results. The article presents the main recommendations for improving the system of remuneration in the banking sector of China: among them: the introduction of Chinese banks in the remuneration system agreed with the results achieved, the expansion of the program of bonus payments, promotion and regular wage increases for young employees, the application of open and competitive wage systems, regular monitoring of employees‘ interests in wages, minimizing fines.

 IZVESTIYA OF SARATOV UNIVERSITY. NEW SERIES. SERIES: ECONOMICS. MANAGEMENT. LAW. 2018. vol. 18, iss. 1
Credit Market: the Problems, Contradictions and Potential for Growth

Introduction. In the present state of the domestic economy, where there is a stable manifestation of stagflation processes will inevitably have to deal with problems in the field of credit and the banking system. At the same time it is the real situation in those areas of financial activity depend largely on the prospects and potential for economic growth. Therefore, the study of the conditions in which this activity takes place, and the search for reserves to strengthen the positions of banks in the market today are the urgent tasks. Theoretical analysis. Evidence suggests that the pace of development of the microfinance sector lending rates significantly higher than those characterizing our banking system that is actually in a state of decline. Despite the leading position of this sector, there is the intersection of the activities of microfinance institutions and banks in consumer lending, which determines the need to examine product offerings of these organizations in the field of microcredit. Results. The study revealed the existence of the competitive advantages of the banking system in mikropotrebkreditovaniya and available as a result of this potential increase in the volume of lending by the banking sector, which in the implementation of these advantages in practice will improve forecasts and prospects for its development. Conclusions. The list of measures for elimination of the banking system of stagnant and the pre-crisis status must include measures to educate potential borrowers about the competitive advantages of banking products, which should lead to an increase in the influx of customers for loans to banks, and thus to improve the financial condition of the latter, subject to competent credit policy.

 IZVESTIYA OF SARATOV UNIVERSITY. NEW SERIES. SERIES: ECONOMICS. MANAGEMENT. LAW. 2016. Т. 16, вып. 2