Digital banks: development trends

Abstract

The article studies the trends of digitalization of society, leading to a completely new approach in the economy: the transition from cost to value management mechanism, the formation of value-oriented management in all spheres of activity. The digitalization of banks is studied from the standpoint of changing the existing mechanism of management in this sector, which includes not only management, technologies, methods, tools, but also new worldview approaches created by the digital era. The main changes in the banking industry are analyzed, effective changes in the banking industry due to its digitalization are revealed (abstract).