DIDGITALIZATION AND INTERNATIONAL ACCESS TO FINANCE

Abstract

Information technologies development is being recently transforming into digitalization of the economy and society. Digital economy could be considered as part of the economy and production of goods and services derived solely or primarily from digital technologies with a business model based on digital goods or services.Such process is interacting with innovations, small business and start-ups development. Their social role, especially in employment, intellectualization and dissemination of innovations is growing. A significant boost in this process is allowed by rapid development of information and digital technologies.Traditional financial institutions, including commercial banks, are focused on corporate clients, retail business and operations in financial markets. Distinctive trend in recent years is the diversification of banking products and technologies, development of the bank risks management, personalization of financial services.