A New Turn of Digitalization from the Perspectives of FinTech and LegalTech

The article is devoted to the issues of constructing digital space through FinTech and LegalTech development with regard to regulating the mechanism of creating and developing the legislative framework for the processes of digitization of economy, social activity and current space. Constructing a new virtual, digital environment contributes to the development of the innovation processes in digital economy due to conferring relevant jurisdiction. The article describes the most important development priorities and the existing problems in the financial and legal space and provides the landscape of digital space development from the financial, organizational and legal points of view. The paper proves that being socially oriented; digitalization of space and society implies creating a new global financial and legal ecosystem and requires certain changes to the existing infrastructure as well as elaboration of the corresponding regulatory legal acts. Keywords—FinTech; LegalTech; digitalization; digital economy; financial and legal space; financial technologies