What question did this study set out to answer?

The aim is to analyze the digital transformation features of the banking industry in Russia and globally, focusing on innovation and competition.

The main trends of digital transformation of banks in Russia and in the world

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The article examines digital transformation trends in banking, highlighting innovations and challenges in Russia and worldwide.

The aim is to analyze the digital transformation features of the banking industry in Russia and globally, focusing on innovation and competition.
Review of recent trends in banking digitalization across various countries, including Russia.
Analysis of competitive dynamics between traditional banks and newcomers like fintech companies.
Examination of the Central Bank's role in fostering financial technology and market digitalization.
Russian banks exhibit significant use of digital technologies in customer service, with varying levels of digital maturity.
Emerging fintech companies pose a competitive threat to traditional banks, potentially displacing them if innovations lag.
Projected developments in digital banking for 2024 indicate substantial changes and adaptations in the banking landscape.

Magomedova et al. (2025) studied this question.

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