The Need for International Cooperation in the Field of Fintech Development
( Pp. 230-238)

More about authors
Viкtoriya V. Razletovskaia Cand. Sci. (Econ.), Head of the Laboratory of Leadership Research in the Global Digital Economy
Moscow State Institute of International Relations (University) Russian Foreign Ministry
Moscow, Russian Federation
Abstract:
The main trend in the field of financial technologies (fintech) is their increasing influence on the global economic order, international relations, as well as changes in organizational and managerial decisions related to their development at the national level. The article proves that these processes are not just a «reassembly» of the financial system on a new technological basis2, but have all the signs and forms of regular international financial integration. The active introduction of financial technologies into the practice of financial integration justifies the need for international cooperation in this area at a qualitatively different level, taking into account the convergence of technologies and the specifics of national models of fintech development. The results of the study of trends in international relations and forms of their coordination in the field of fintech development are presented: from the formation of intersectoral and interregional ecosystems to international agreements, alliances and coalitions. The stages of international financial integration and their corresponding forms and areas of coordination are highlighted.
How to Cite:
Viкtoriya V.R., (2023), THE NEED FOR INTERNATIONAL COOPERATION IN THE FIELD OF FINTECH DEVELOPMENT. Economic Problems and Legal Practice, 4 => 230-238.
Reference list:
Maslov A.V., Shvandar K. V. New international projects on the use of digital currencies of central banks in the transformation of cross-border settlements// Financial Journal. 2023. Vol. 15. No. 2. pp. 47–58. https://doi.org/10.31107/2075-1990-2023-2-47-58.
Oleynov A.G. Analysis of international relations from the standpoint of economic theory. Bulletin of MGIMO University 2011, 1(16) ISSN:2071-8160
Shekhovtsova E.P. «Digital future of Eurasia: priorities of Eurasian integration until 2025». Belarusian Historical Review. 2021 No.2(5) «DIgital Future of Eurasia: Priorities of Eurasian Integration Until 2025» (cyberleninka.ru)
Bali Fintech Agenda.IMF. 2018. 8-bali-fintech-agenda.pdf доступ 12.08.2023 Electronic copies of IMF Policy Papers are available to the public from http://www.imf.org/external/pp/ppindex.aspx.
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Jovan Kurbalija. Tracking the pulse of digital governance and diplomacy in 2023: A quarterly progress report. 12 trends in digital governance and diplomacy for 2023 (diplomacy.edu).
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Taylor, C., Wilson, C., Holttinen, E., Morozova, A. (2019). Institutional arrangements for Fintech regulation and supervision / Prepared by. Other titles: FinTech notes (International Monetary Fund). Washington, DC: International Monetary Fund, pp. 14–19. DOI: https://doi.org/10.5089/9781513520308.063.
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Keywords:
financial technologies, stages of international financial integration, forms and directions of international coordination of financial technology development, interoperability..


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