Prospects for utilizing financial technologies to stabilize Ukraine's war economy

Abstract

Martial law in Ukraine has exerted destructive pressure on macro-financial stability due to infrastructure destruction, fiscal deficits, and cyber threats. The insufficient effectiveness of traditional regulatory instruments necessitates the implementation of innovative mechanisms. Financial technologies (FinTech), specifically artificial intelligence, blockchain, and central bank digital currencies, are becoming strategic determinants of macroeconomic resilience and the institutional stability of the state. Purpose. The study aims to provide a theoretical substantiation and develop practical recommendations for the use of financial technologies as a tool for ensuring the economic stability of Ukraine under conditions of martial law and post-war recovery. Methods. The study is based on a systemic analysis of the interaction between innovation and macroeconomic indicators. Scenario modeling of inflation, GDP, and reserves was applied. A methodology for calculating integral risk based on matrix analysis of shocks was utilized. To identify vulnerabilities, criticality heat maps were constructed based on National Bank of Ukraine data and analytical reports. Results. Determinants of sector resilience were identified, with operational flexibility and data decentralization being paramount. The quantification of challenges allowed for the development of adaptation scenarios for military risks. It is proved that the integration of artificial intelligence ensures predictive risk management and liquidity modeling for financial institutions. The potential of the e-hryvnia for the transparent tracing of international aid is substantiated. Strategies for mitigating currency volatility, infrastructural constraints, and human capital shortages have been formulated. Conclusions. FinTech serves as a strategic safeguard against systemic destabilization. The dependence of regulatory effectiveness on the implementation of RegTech and the harmonization of standards with EU norms has been established. A security model is proposed, including the digitalization of supervision, enhancement of cyber resilience, and unification of identification protocols. The synergy of innovations will allow the conversion of wartime experience into a strategic competitive advantage for Ukraine.