Accounting, auditing and financial technologies in banking: trends and prospects

Abstract

Abstract. Purpose. The purpose of the study is to substantiate the theoretical and methodological foundations and develop practical recommendations for the development of accounting, auditing, and financial technologies in the banking sector in the context of digital transformation, identifying current trends and prospects for their integration. Methods. In the process of preparing the article, a complex of general scientific and special research methods was applied. The method of analysis and synthesis was used to generalize scientific approaches to the development of accounting, auditing and financial technologies in the banking sector, as well as to determine their relationship in the context of digital transformation. Inductive and deductive methods made it possible to form theoretical generalizations regarding the trends and prospects of integrating FinTech into the accounting and auditing processes of banks. Results. Modern financial technologies used in the banking sector are systematized, and their functional capabilities and expected effect for improving accounting and auditing are determined. It is substantiated that the integration of FinTech solutions (artificial intelligence, Big Data, Open Banking, blockchain, RegTech) contributes to the automation of accounting and auditing processes, increasing the accuracy of financial information and reducing its processing time. Key trends in the development of accounting and auditing in banks are identified, in particular, the digitalization of accounting processes, orientation towards a management and risk-oriented approach, as well as the expansion of non-financial (ESG) reporting. The feasibility of comprehensive integration of accounting, auditing and financial technologies within a single digital ecosystem of the bank is substantiated in order to ensure financial stability, increase competitiveness and support sustainable development of the banking sector. Conclusions. The integration of financial technologies into the accounting and auditing system of banks is a key factor in increasing the efficiency, transparency and quality of financial information in the context of digital transformation. The use of artificial intelligence tools, Big Data, Open Banking, blockchain and RegTech ensures the automation of accounting and auditing processes and strengthens the risk-based approach to banking management. Further development of the banking sector requires a comprehensive digital integration of accounting, auditing and FinTech solutions, taking into account the requirements of sustainable development and enhanced regulatory supervision.