Digitalization of the banking sector as one of the aspects of digitalization of economy and society

Abstract

The transition to digitalized banks is an important component of their further development in modern conditions. Digital banks are especially popular among people under the age of 50, as they are familiar with the general principle of working with mobile and computer devices. Digital banks use encrypted database storages, biometric means of information control, ensure the organization of workflow with electronic document management, etc. Therefore, the features of a modern digital bank can be considered to be ensuring high reliability of customer data security; flexible IT infrastructure; the use of updated approaches to the design and data warehouses; the existence of advanced analytics, etc.