The development of fintech applications as a condition for advancing the non-state pension provision system

Introduction. The development of the non-state pension provision system is crucial for enhancing the financial stability of citizens in old age, reducing the burden on the state pension fund, and ensuring a more dignified standard of living for retirees. This contributes to the diversification of income sources and fosters greater individual responsibility for future pensions. The study is aimed at developing a conceptual model for a pension planning application that facilitates the creation of personalized retirement strategies. The model incorporates continuous monitoring of legislative, economic, and other changes to provide citizens with an additional tool for independently building longterm savings. Materials and methods. The study used the following materials: legislative and regulatory frameworks governing the operations of non-state pension funds (NPFs) and fintech development; scientific publications and articles in the fields of financial technology, pension provision, and information systems. The methods used in the study included analysis of legal and regulatory frameworks; case studies of fintech application development and implementation in NPFs. Results. The AKPIN fintech application enables the formation of personalized strategies for pension savings and supports the long-term development of the funded component of Russia’s pension system. The proposed application can analyze user data and provide tailored recommendations for increasing savings. If a user decides to withdraw funds, the application can also generate advice upon request. By continuously monitoring news, financial regulators’ actions, economic indicators, and legislative changes, the application offers up-to-date recommendations, assisting users in making informed individual decisions regarding the management of their pension savings. Conclusion. Fintech applications can make pension services more accessible to a broader audience by offering a user-friendly interface for managing retirement savings.