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Financial Security of Banks under Martial Law: The Impact of Digital Instruments and Innovations
Kolodiziev O. M., Berehovyi V. O.

Kolodiziev, Oleh M., and Berehovyi, Volodymyr O. (2024) “Financial Security of Banks under Martial Law: The Impact of Digital Instruments and Innovations.” Business Inform 9:335–341.
https://doi.org/10.32983/2222-4459-2024-9-335-341

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 336.7

Abstract:
The article is aimed at generalizing approaches to determining the impact of the introduction of innovations in banking activity on the financial security of banks, taking into account the stage of actuation of the processes of digitalization of the national economy, as well as specifying the key features and characteristics of threats to financial security under martial law. The article verifies the key role of the banking system in ensuring macrofinancial and price stability, which remains a pivotal prerequisite both for stabilizing business and population expectations and for economic recovery. The article studies the trends in the development of digitalization processes in the context of globalization of the world economy and in Ukraine. Based on the results of the generalization of the opinions of scientists, the features of the functioning of the modern financial ecosystem in the era of digitalization of the development of the world economy are determined. It is substantiated that with the growth of the level of digitalization of the economy and changes in customer needs, the objective of banks is not only to ensure the efficiency of financial services, but also to attract customers with the help of contemporary and innovative solutions. Several approaches to determining the parameters of influence on the financial security of banks are proposed, the directions of further research on clarifying specific risks in the activities of banks under the conditions of wartime economy (martial law), special instruments for diagnosing and assessing the parameters of financial security of banks are specified. The expediency of using appropriate financial instruments for the development of lending, strengthening the financial potential of the banking system of Ukraine and adequately responding to the challenges of crisis phenomena through the introduction of innovations, which will create the basis for the post-war recovery of the Ukrainian economy, is proved.

Keywords: financial security of banks, cyclicity of the economy, development of lending, digitalization, innovations.

Fig.: 2. Bibl.: 19.

Kolodiziev Oleh M. – Doctor of Sciences (Economics), Professor, Professor, Department of International Trade, Customs and Financial Technologies, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]
Berehovyi Volodymyr O. – Postgraduate Student, Department of International Trade, Customs and Financial Technologies, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

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