The TECHNOLOGICAL INNOVATIONS AS A FACTOR IN THE DEVELOPMENT OF BANKING ECOSYSTEMS IN THE ACTIVITIES OF THE STB RK

Abstract

The relevance of research. In the modern world, technological innovations play a key role in the development of banking ecosystems, ensuring increased competitiveness and efficiency of financial institutions. With the rapid progress of digital technologies and changing customer needs, banks are forced to adapt to new realities by introducing innovative solutions into their processes and services. The relevance of the study is due to the need to adapt the banking system of Kazakhstan to new technological challenges and opportunities, allowing to increase the competitiveness and efficiency of banking ecosystems, to ensure the sustainable development of the country's financial sector.

The purpose of the study is to identify and analyze the impact of technological innovations on the development of banking ecosystems in the activities of second-tier banks, as well as to develop practical recommendations for their effective implementation and use to increase the competitiveness and sustainability of the country's banking system.

The hypothesis of the study. The author hypothesized a significant relationship between the indicator "Authorized capital" of second-tier banks of the Republic of Kazakhstan and several key factors, such as accrued commission income, corporate loans, bank loans, loans provided to other banks, payment settlements. These results underline the importance of these factors for the formation and maintenance of the authorized capital of second-tier banks.

Result of investigation. Technological innovations are an important factor in the development of banking ecosystems in Kazakhstan. Overcoming existing barriers and actively supporting innovative development can contribute to sustainable growth and increase the competitiveness of the country's banking sector. The results of the regression analysis applied to the growth rates of the initial data show that a statistically significant and reliable relationship is observed between the authorized capital, accrued commission income and payment calculations.

Conclusion. Understanding these relationships makes it possible to manage the banking ecosystem more effectively and make informed decisions aimed at sustainable development of the banking sector in the context of technological innovations. In the future, taking into account these factors can contribute to improving strategic planning and increasing the competitiveness of banking institutions in the Republic of Kazakhstan.