FinTech, Transformation of Financial Intermediation and Financial Stability

The main directions, challenges, threats of development of the newest financial technologies-FinTech are considered. The trends and technological basis of digitalization of financial intermediation in the areas of payment systems, lending and deposits, insurance, investment management, financial trading are characterized. The possible effects of FinTech influence on the activities of traditional financial intermediaries are identified. The factors of FinTech distribution in Ukraine are revealed. Post-crisis world-view changes in the formulation of targets for the use of financial innovations and FinTech are substantiated. The spectrum of potential financial stability risks posed by FinTech, which requires systematic monitoring by entities providing financial stability, is determined. The necessity of providing a reliable level of information security of financial intermediation, taking into account a digitalization on the basis of new information and communication technologies and infocommunication systems, is substantiated.