RISK-FINTECH AS A HIDDEN THREAT TO THE ECONOMIC SECURITY OF THE NATIONAL BANKING SYSTEM
The paper provides an overview of the FinTech landscape and the current state of the banking industry. The problems and consequences of FinTech activities for classic banks in the aspect of economic security are considered. Given the significant amount of time required to adjust standards, practices and, in particular, the regulation of supervision, a promising approach and assessment of actions that should be taken mitigate risks in the banking system are proposed. The conclusion contains recommendations for supervisory authorities in terms of the regulatory framework.