Multi-Factor Risk Analysis of Modern Fintech based on Multimodal Analytics

The relevance of this study lies in the significance of a thorough examination of the implications of the rapid expansion and widespread adoption of modern financial technologies. The purpose of the study is to identify the characteristics of f intech-related risks using multimodal business analytics which is based on machine learning, neural networks and data mining technologies. Hypothesis. The use of methods and tools for multimodal business analytics based on machine learning and neural networks will ensure the further instrumentalization of risk assessment and analysis of fintech, taking into account multifactoriality, polyvariance and interdependence nature of risks. This will fully reflect the complexity of modern financial technologies and their impact on the transformation of financial and economic relations. Research methods. The study was based on multimodal analytics, which involved the construction of cross-analysis risk matrices, highlighting the mutual decreasing and increasing influence on the interests of participants in financial relations. For a comprehensive assessment, key fintech tools were selected — cryptocurrencies (as an investment instruments and means of payment), digital financial assets and digital financial services, such as digital transfers. The results of the study showed that modern financial technologies play a key role in transforming the financial sector, making it more accessible, efficient, and customer oriented. It has been stated that the introduction of fintech in Russia contributes to financial inclusion by providing access to financial services for those who were previously excluded from the traditional banking system. Interpretation of multimodal analytics materials has demonstrated that the use of cryptocurrencies for investment and settlements in the Russian Federation is subject to high market and regulatory risks. In the digital financial assets market, issuers face problems of insufficient liquidity, and digital financial services demonstrate vulnerabilities in the f ield of data protection and operational reliability. As a result, we can conclude that the use of multimodal analytics tools integrating various data sources and research methods allows for a deeper understanding and effective assessment of the complex risks associated with modern financial technologies. Based on the results of the study, we propose practice oriented recommendations for improving risk management in the Russian financial technology sector for regulators and other parties involved in financial transactions.