FINANCIAL TECHNOLOGIES: THE CONCEPT AND TYPES

Abstract

The article is devoted to the study of the influence of digital economy on financial law. It is determined that in the context of economy digitalization, new technologies, on the one hand, lead to the expansion of the subject of legal regulation, and, on the other hand, they represent a tool that promotes regulation, administration, financial control and supervision. The paper discusses various types of financial technologies, primarily regulatory (RegTech) and supervisory (SupTech) ones. According to the results of the study, the author concludes that the term regulatory technologies is generally inappropriate. In addition, it should be said that, in a narrow sense, financial technology provides for a set of instruments and methods used exclusively in financial markets and, in broad terms, used in all areas related to financial regulation, control and supervision.