Ecosystems and Marketplaces: Overview of the Financial Services Market

Pavel A. Samiev (), Veronika R. Zakirova () and Darya V. Shvandar ()
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Pavel A. Samiev: BusinessDrom Analytical Center, Moscow 127422, Russian Federation; “Opora Russia”, Moscow 127473, Russian Federation
Veronika R. Zakirova: BusinessDrom Analytical Center, Moscow 127422, Russian Federation
Darya V. Shvandar: Financial University Under the Government of the Russian Federation, Moscow 125993, Russian Federation

Finansovyj žhurnal — Financial Journal, 2020, issue 5, 86-98

Abstract: The relevance of the research subject is due to global trends in financial market digitalization and new challenges of our time. The spread of globalization processes to the activities of financial organizations determines the trends in digital development of interaction with customers — in particular, growth of consumer demand for remote services in the context of a pandemic stimulates the formation of new financial and digital platforms. The article provides an analytical overview of trends in, obstacles to and prospects for the integration of financial ecosystems and marketplaces in the Russian market. The main conclusions of the work boil down to the need to apply an integrated approach when developing the rules for the functioning of financial and digital ecosystems and marketplaces, taking into account the intersectoral nature of interaction. Regulation will provide a legal framework and help to maintain competition in the market.

Keywords: financial and digital platforms; marketplace; financial ecosystem; structural transformation; end-to-end digital system (search for similar items in EconPapers)
JEL-codes: G21 G22 G28 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:200506:p:86-98

DOI: 10.31107/2075-1990-2020-5-86-98

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