Global financial technology coordination by international institutions and organisations

MGIMO University, 76 Vernadsky Ave, Moscow, 119454, Russia

^* Corresponding author: DLGLAb@inno.mgimo.ru

Abstract

In the context of geopolitical polarisation, the world economy is increasingly fragmented into separate economic blocs with different ideologies, technological standards and currencies, with the dominance of the dollar being supplanted by a multipolar system. In this new landscape of international relations, international institutions, as instruments of global governance whose purpose is to promote global economic integration, are trying to find new areas of interaction and coordination mechanisms, which are still uncertain.†The article is devoted to the study of coordination directions at the level of international organisations and institutions and the prospects of their development in the sphere of financial technologies. The article systematises the forms of coordination at the level of international organisations and institutions, corresponding to the stages of financial integration, including those that take into account inter-sectoral problems of financial technology (fintech) development. Taking into account the specifics of self-organisation of national models, new approaches to the coordination of the processes of modern financial technologies development at the level of international organisations are presented, providing a consistent transformation of managerial decisions on the basis of the sectoral approach to the coordinated financial and technological policy of the global level.