| Issue |
E3S Web Conf.
Volume 224, 2020
Topical Problems of Agriculture, Civil and Environmental Engineering (TPACEE 2020)
|
|
|---|---|---|
| Article Number | 03030 | |
| Number of page(s) | 6 | |
| Section | Green IT Engineering | |
| DOI | https://doi.org/10.1051/e3sconf/202022403030 | |
| Published online | 23 December 2020 | |
FinTech in Russia under circumstances of IT technologies development: development challenges and solutions
1
Financial University under the Government of the Russian Federation, 49 Leningradsky Prospekt, 125993, Moscow, Russia
2
State University of Humanities and Social Studies, 30, Zelyonaya street, 140410, Kolomna, Moscow Region
* Corresponding author: Ponomareva-m@mail.ru
In modern Russia, the FinTech is relevant to the development of the financial segment of the economy. The Government evaluates the prospects of development of artificial intelligence technology, blockchain, big data in the area of budget, tax, customs and other relations by now. However, the development of the FinTech in Russia faces many problems. First of all, these is the absence of digital infrastructure for mining cryptocurrency, issues related to information security, the potential risks of illegal non-personalized transactions through the blockchain technology. It is necessary to analyze the content of the discovered institutional problems and to determine the ways to resolve them. The significant role in overcoming the difficulties is assigned to the Federal Law “About the Digital Financial Assets”, which shall enter into force on the 1st of January 2021. Besides the foreign experience in overcoming the difficulties related to the utilization of FinTech is particularly valuable for Russia to solve the identified issues effectively.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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