Development of digitalization in the banking sector

The article examines the process of digitalization of the banking sector, which in the conditions of the modern economy is one of the conditions for maintaining a bank at a competitive level due to the fact that it has a beneficial effect on the organization, contributing to optimization and acceleration of work in it. The process of digitalization is associated with the introduction of digital technologies, such as Big Data, user identification by biometric data, remote provision of services and the introduction of artificial intelligence. Along with the advantages, digitalization also carries a number of threats related to the security of bank customers and banking systems. The whole process of digitalization also makes it possible to improve the bank's business model. Due to the use of artificial intelligence and the use of large amounts of data to work with customers and improve the company's processes, there is a significant reduction in costs. Digitalization of the banking sector in Russia is quite active. Organizations have already achieved a lot in this direction. Banking innovations and the development of the digital economy in general have led to the emergence of banks without physical offices and branches. The work can be carried out through new structures and forms of work that have been created thanks to digital technologies. 

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