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KV #19905-9705 PR dated 02.04.2013.

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RESEARCH CENTER FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS of Ukraine (KHARKIV, UKRAINE)

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According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

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Liburkina L. M.

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Assessing the Impact of Banking Regulation on the Digital Transformation of Commercial Banks in Ukraine
Krys K. M.

Krys, Kateryna M. (2026) “Assessing the Impact of Banking Regulation on the Digital Transformation of Commercial Banks in Ukraine.” Business Inform 9:750–750.

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 0

UDC 336.71:336.72

Abstract:
The article examines the impact of banking regulation on the digital transformation of commercial banks in Ukraine. The relevance of the study is determined by the simultaneous development of digital banking services and regulatory changes in remote identification, payments, electronic trust services and open banking. The aim is to identify the nature and mechanisms through which regulatory changes affect the digitalization of banking and to test the hypothesis that regulation has a stimulating rather than exclusively restrictive role. The research uses analysis and synthesis, comparison, structural and dynamic analysis, grouping, an index approach and a case study. The information base includes regulatory acts and materials of the National Bank of Ukraine, payment market statistics, and public reports and announcements of JSC Raiffeisen Bank. The findings show that regulatory modernization supports the expansion of remote identification, cashless payments and open banking. In 2025, 109.4 million successful electronic identifications were completed through the NBU BankID system, while cashless transactions accounted for 95.5% of all card transactions by number. The Raiffeisen Bank case demonstrates how regulatory opportunities are translated into technological and organizational solutions, including MyRaif, digital onboarding of individual entrepreneurs and integration with public digital services. After the launch of digital onboarding in June 2026, more than 1.5 thousand individual entrepreneur accounts were opened through MyRaif, and by the end of August 67% of new entrepreneurs opened accounts through digital channels. The scientific novelty lies in improving the assessment approach by combining indicators of digital identification, payments, open banking and remote service into an integrated view of regulatory support for digitalization. The study concludes that regulation should not be interpreted as the sole cause of digital transformation; rather, it is an institutional factor that establishes rules, standards and infrastructure for technological changes in banks.

Keywords: banking regulation; digital transformation; commercial bank; digitalization; open banking; BankID; digital onboarding.

Tabl.: 3. Formulae: 1. Bibl.: 16.

Krys Kateryna M. – Masters Student, Zhytomyr Polytechnic State University (103 Chudnivska Str., Zhytomyr, 10005, Ukraine)
Email: [email protected]

List of references in article

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