Paradigm changes that strengthen the financial security of the state through FINTECH development

Abstract

The comprehensive development of the state's innovation potential (through the creation of mass innovative products, the development of high-tech production, the achievement of research benefits, the rapid development of fintech) can become the basis for strengthening Ukraine's financial security in a globalized environment. Trends in the field of financial technologies have been systemized, that form opportunities to strengthen the financial security of the state, including: blockchain technologies (affecting centralized business models); cloud technologies (contribute to adaptability, economy and reduction of cyber risks); platforms (form new opportunities); Internet of Things (provides access to user values); BigData technologies (helping to deepen the analysis of user behavior in the behavioral approach to financial security monitoring); artificial intelligence and automation (reduces the amount of human labor, creates new possibilities for analysis); digital platform; Banking API (promotes affiliate and market integration), mobile technology, robotics and more. The strategic directions of strengthening the financial security of Ukraine in the conditions of globalization changes have been grounded, they have been developed within the results of the conducted SWOT-analysis of the financial security system of Ukraine in the conditions of globalization, features of the orientation vector of this system development and systematic trends in the field of financial technologies that affect the system of strengthening the financial security of the state, and directions of their application. The algorithm of functioning of the P2P lending platform is presented in detail with a comprehensive analysis of the advantages and disadvantages of its potential functioning in the context of the borrower, investor and financial security of the state, which should be created taking into account the behavioral research conducted within the behavioral approach to the formation and monitoring of financial security.