Impact of Digitalization on Financial Systems and Services

Modern digitalization conditions are transforming the entire economic space today. Under such conditions, the transformation of the financial system becomes particularly important and there is a serious need for information security research and security at its various levels, which is caused by the development of the digital environment and also creates new security threats. The purpose of the presented work is to determine the main factors affecting the transformation of the financial system in the conditions of the digital economy. The main methods used in the work are: methods of analysis and analysis to determine the features of digitalization of the financial system, methods of deduction and induction to determine the directions of development of digitalization of the financial system, method of factor analysis. determine the main factors influencing the financial system. Thus, digitalization significantly changes financial systems and services, making them more accessible, efficient and innovative. However, it also creates new challenges and risks, such as cyber security, data privacy and ethical issues. At the same time, it is important to ensure an effective regulatory mechanism that balances innovation and protects the interests of users and financial stability.