Technological Innovations in the World Banking Sector of the Economy

   Relevance. At the present stage of economic development, a new model of the banking sector is being formed, the creation of which is facilitated by the active transformation of banking services, the development of non-core business by commercial banks, based on the principles of the concept of open banking. At the same time, consideration of the issues of transformation of banking services, the use and implementation of technological innovations should be covered in the context of the global economic space, due to the fact that the development of the banking sector in various countries of the world ensures the development of the entire financial market at the global level. One of the types of technological innovations is digital services, which have become the founders of the creation of innovative banking ecosystems.
   The purpose is the development and implementation of technological innovations at the level of the global economic space.
   Objectives. The scope of the research objectives included consideration of issues related to the transformation of banking services, the use and implementation of technological innovations in the financial and credit sector in the context of the global economic space.
   Methodology. To achieve this goal, the historical aspect of the development of digitalization of the banking sector was studied, the main differences between a traditional bank and a bank that provides an ecosystem of services were identified, as well as options for regulating the operation of ecosystems, which are aimed at curbing the development of commercial banks non-core business.
   Results. The article analyzes the latest technological innovations of banks, assesses the level of development of technological innovations in various banks around the world. It has been established that the basis of innovative technological platforms of banks in various countries of the world are artificial intelligence, machine learning, mobile technologies, direct access to data. The importance of strengthening the protection of personal data of customers was emphasized.
   Conclusions. It is concluded that banks are currently working to create an ecosystem of services that allow them to increase their customer focus and establish partnerships with businesses. The problem is that regulators have a negative attitude towards the development of non-core business by commercial banks and for this they introduce restrictions and increased standards.

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