Impact of the digital economy on the development and competitiveness of the Russian financial sector

Abstract

 The article discusses current issues of digital transformation of the financial system of the Russian Federation as a new economic reality. The rapid development of the financial and technological sector is aimed at improving the competitiveness of the Russian banking system. However, in the context of introducing new financial instruments into practice, not only innovative opportunities appear in the financial sector, but also problems related to the legal aspects of using digital financial assets, ensuring the economic security of financial resources, training personnel to implement new types of activities, and developing control methods efficiency of innovative technologies in the financial market.