DEVELOPMENT OF FINTECH ECOSYSTEM IN UKRAINE: COLLABORATION BETWEEN STAKEHOLDERS IN DIGITAL SOCIETY

Scientific Notes of Ostroh Academy National University, "Economics" Series Pub Date : 2023-03-30 DOI:10.25264/2311-5149-2023-28(56)-86-95

Mykhaylo Krupka, N. Demchyshak, O. Shchurevych

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Abstract

The FinTech ecosystem in Ukraine is actively developing and directly influencing economic growth. The article provides the author's interpretation of the definition of the FinTech ecosystem as a system that is a synergy of various companies and organizations that collaborate to provide high-quality, fast, and secure financial services to ensure optimal financial decision-making and improve quality of life. The key segments comprising the FinTech ecosystem are examined, and the basic components of the modern FinTech ecosystem, including regulation and procedures, demand, talent, and capital, are analyzed. The article analyzes trends in the global FinTech market in 2022 based on these basic segments. Factors that have a significant impact on the development of the FinTech ecosystem in Ukraine are systematized. A periodization of the development of the FinTech ecosystem in Ukraine since 2008 is proposed, and the specific characteristics of these periods and the FinTech startups that were formed during this period are identified. The activity of the National Bank of Ukraine as a financial regulator stimulating the development of the FinTech ecosystem and the results following the publication of the FinTech Development Strategy until 2025 are analyzed. The regulatory environment for the functioning of the FinTech ecosystem in Ukraine is examined in detail. The impact of the talent development factor on the development of the FinTech ecosystem is identified as a key factor in ensuring cooperation between educational, scientific, and business institutions, considering global trends of globalization and digitalization. The purpose, tasks, and features of the activity of the Scientific Park of Ivan Franko National University in Lviv are examined. Recommendations are provided, the practical implementation of which will contribute to improving the effectiveness of the FinTech ecosystem in Ukraine in the conditions of a digital society.

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乌克兰金融科技生态系统的发展:数字社会中利益相关者之间的合作

乌克兰的金融科技生态系统正在积极发展，并直接影响经济增长。本文提供了作者对金融科技生态系统定义的解释，该系统是各种公司和组织的协同作用，这些公司和组织协作提供高质量，快速和安全的金融服务，以确保最佳的金融决策和提高生活质量。研究了构成金融科技生态系统的关键部分，并分析了现代金融科技生态系统的基本组成部分，包括监管和程序、需求、人才和资本。本文根据这些基本细分分析了2022年全球金融科技市场的趋势。对乌克兰金融科技生态系统发展产生重大影响的因素进行了系统化。提出了2008年以来乌克兰金融科技生态系统发展的分期，并确定了这些时期的具体特征以及在此期间形成的金融科技创业公司。分析了乌克兰国家银行作为金融监管机构刺激金融科技生态系统发展的活动，以及2025年金融科技发展战略发布后的结果。详细研究了乌克兰金融科技生态系统运作的监管环境。考虑到全球化和数字化的全球趋势，人才发展因素对金融科技生态系统发展的影响被确定为确保教育、科学和商业机构之间合作的关键因素。研究了利沃夫伊万·弗兰科国立大学科学园的目的、任务和活动特点。提出了建议，这些建议的实际实施将有助于提高乌克兰金融科技生态系统在数字社会条件下的有效性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Scientific Notes of Ostroh Academy National University, "Economics" Series

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