An important direction for the development of the Ukrainian banking system is the development of inclusivity of finances in Ukraine, which should cover the expansion of access to financial services for all segments of the population. This opinion was expressed in the comment by the co-founder of the first Fintech ecosystem of Concord Fintech Solutions Elena Sossadka.
“The development of finances in Ukraine remains an important area, which envisages expanding access to financial services for all segments of the population, including vulnerable, remote and low -income groups. This should be done through the introduction of technological innovations, the development of mobile financial applications and electronic payment systems,” the expert.
Also, in her opinion, it is important to provide "financial education" for citizens.
"This will promote financial literacy and provide financial involvement in all Ukrainians, contributing to the economic development of the country and internal social stability," says Elena Sosadka.
In addition, in her opinion, a separate vector of development of the banking sector should be cybersecurity, because protection against cyber threats is extremely important. Therefore, the expert says, Ukrainian banks should use the best practices in this field, as it will help maintain customer confidence and avoid financial losses.
It should be noted that in general, according to Elena Sozadka, Ukrainian banks are currently providing all basic client needs. In the future, when the economy in the country is "sufficient to ensure the well -being of the population", we will observe the active demand for more sophisticated credit products. Products of accumulation and management of funds are also waiting for their time.
