REALITY AND PROSPECTS OF INTERNET BANKING AS A DIRECTION OF DIGITALIZATION IN UKRAINE

Abstract

The article covers the state of the digitalization process in Ukraine, the advantages of its implementation in the information
and telecommunications spheres. The experience of foreign countries in digitalization is briefly analyzed. Some features of the
functioning of the best Internet banks of the state are revealed: PrivatBank, UkrSibbank, FUIB. There is a clear trend of banks
moving from branches to the Internet, when users are gradually, but persistently, accustomed to all currency transactions
through special applications in smartphones. It is noted that the minimum set of any successful digital bank should be the
following functions: card limit management, control of current account balances, deposit, payment of utilities, transfer of
funds to accounts in other banks. It is indicated that already at this stage of digital transformation the Ministry of Finance
has created a "Catalog of the best Internet banking in Ukraine", in which any Internet user in Ukraine has the opportunity to
compare and choose Internet banking according to their requirements and preferences. The main advantages, threats and key
problems of digitalization of the banking sector in Ukraine are listed.