Global trends in the financial system and their impact on the banking sector of Ukraine: analysis and recommendations

Abstract

The paper covers the modern global trends in the financial sphere and their impact on the banking sector of Ukraine. The research was carried out on the basis of a comprehensive analysis of global financial changes, the dynamics of technological innovations and unique challenges facing the banking system of Ukraine. The study reveals key trends in the development of the banking sector, focusing on global challenges and prospects. The modern banking system of Ukraine is in an era of significant technological changes adapted to meet the needs of customers and optimize banking processes. Ukrainian banks must respond to global trends in the financial sphere to ensure competitiveness and meet the growing demands of customers. This requires innovation, digitization and flexibility to respond to rapid changes in technology and consumer behavior. Competition for customers and leadership in innovation are among the key points. Focusing on important aspects of transformation, the scientific work contains not only a thorough analysis of modern trends, but also specific recommendations for Ukrainian banks regarding their effective adaptation to global financial trends. In order to create a strategic direction for Ukrainian banks and ensure their successful future, the authors proposed a comprehensive set of recommended measures covering key aspects of financial activity. If these recommendations are successfully implemented, Ukrainian banks can become the foundation of a stable and innovative financial system that meets the challenges of the global market and contributes to the sustainable development of the country's economy. The paper is distinguished by highlighting not only the problems, but also the opportunities that global financial trends generate. This approach contributes to the uniqueness and value of the work from among the scientific developments in this area for specialists in the financial industry, scientists and everyone who is interested in the future development of the Ukrainian banking system.