International Coordination and National Institutional Facilitating Mechanisms for Financial Technology Development, for the Sustainable Development Support

Moscow State Institute of International Relations (MGIMO University), 76, Vernadskogo Avenue, 119454 Moscow, Russia

^* Corresponding author: viktoriya777.vlasova@yandex.ru

Abstract

The Fintech, as the progress in technology, transforms the financial and investment landscape, creating both opportunities and challenges for all participants, risks to the stability and integrity of the financial system. The dematerialization of payments introduces new participants and new products to the market, including non-financial entities. At the next stage of the Fintech development, the importance of artificial intelligence and neurotechnology increases. As the Fintech, the artificial intelligence and the neurotechnology cross national and international regulatory boundaries, the effective cross-sectoral and cross- domain coordination and the mixed financing for global financial investment strategies are critical both domestically and internationally. The particular importance gains the possibilities of resource-maneuvering in global investment strategies, and mechanisms - interoperability - coordination of various infrastructures, digital, financial, telecommunications, IT, government regulation, international cooperation. Due to the variety of such models, it is required to identify trends and promising areas of international coordination of fintech development [9]. What are the factors drawing the development back? What new models of national and international coordination of these technologies are most effective for achieving sustainable development goals?