Ecosystems in the financial environment as a digitalization trend

Abstract

The rapid spread of digitalization processes has required a revision of approaches to doing business not only in Russian practice, but throughout the world. Given the current situation, there is an undeniable need to improve old and develop new business models. The financial system is a dynamically changing and vulnerable area. The financial sector has undergone major changes associated with the digital transformation of the technologies used, namely the construction of ecosystems. The theoretical and practical necessity of understanding the role of ecosystems in the financial environment and identifying the features of the use of digital technologies in its formation justifies the relevance, importance, and logic of the study. The purpose of the study is to identify the features of the use of digital technologies in the formation of an ecosystem in the financial environment. Statistical data on digitalization processes confirm the dynamic development of ecosystems in the financial sector and their importance for ensuring the sustainability of socio-economic development. The scientific novelty of the study lies in the need for theoretical and practical understanding of the need to use digital technologies in the formation of an ecosystem in the financial environment as a modern trend in sustainable development.