Breakthrough financial innovations and ensuring economic security of commercial banks in the new global financial ecosystem

The article is devoted to the analysis of institutional transformations in the banking sector driven by the expansion of the ecosystem-based approach and the implementation of disruptive financial innovations in the operations of commercial banks. The study focuses on the impact of these processes on the economic security of commercial banks amid the emergence of a new global financial ecosystem. The transition to platform-based business models – built upon open API technologies, digital financial assets, and integration with fintech companies – leads to the erosion of traditional banking boundaries, generating risks such as the loss of client bases, increased operational and cyber threats, and heightened competition from non-bank financial and non-financial entities. The article identifies institutional and regulatory challenges that hinder the effective adaptation of commercial banks to the evolving environment. The authors emphasize the need for a comprehensive revision of regulatory frameworks, the modernization of financial and digital infrastructure, and the development of new competencies among banking personnel to ensure the resilience and economic security of the Russian banking sector as a whole. The study concludes that it is essential to formulate a balanced strategy aimed at integrating Russian commercial banks into the emerging global financial ecosystem while simultaneously safeguarding their economic security and maintaining consumer trust.