DEVELOPMENT OF FINTECH ECOSYSTEM IN UKRAINE: COLLABORATION BETWEEN STAKEHOLDERS IN DIGITAL SOCIETY
Keywords:Fintech ecosystem, digitalization, cooperation between stakeholders, digital society
The FinTech ecosystem in Ukraine is actively developing and directly influencing economic growth. The article provides the author's interpretation of the definition of the FinTech ecosystem as a system that is a synergy of various companies and organizations that collaborate to provide high-quality, fast, and secure financial services to ensure optimal financial decision-making and improve quality of life. The key segments comprising the FinTech ecosystem are examined, and the basic components of the modern FinTech ecosystem, including regulation and procedures, demand, talent, and capital, are analyzed.
The article analyzes trends in the global FinTech market in 2022 based on these basic segments. Factors that have a significant impact on the development of the FinTech ecosystem in Ukraine are systematized.
A periodization of the development of the FinTech ecosystem in Ukraine since 2008 is proposed, and the specific characteristics of these periods and the FinTech startups that were formed during this period are identified. The activity of the National Bank of Ukraine as a financial regulator stimulating the development of the FinTech ecosystem and the results following the publication of the FinTech Development Strategy until 2025 are analyzed.
The regulatory environment for the functioning of the FinTech ecosystem in Ukraine is examined in detail. The impact of the talent development factor on the development of the FinTech ecosystem is identified as a key factor in ensuring cooperation between educational, scientific, and business institutions, considering global trends of globalization and digitalization.
The purpose, tasks, and features of the activity of the Scientific Park of Ivan Franko National University in Lviv are examined. Recommendations are provided, the practical implementation of which will contribute to improving the effectiveness of the FinTech ecosystem in Ukraine in the conditions of a digital society.