Financial sector of Ukraine: European integration through the prism of digitalisation, artificial intelligence, and innovative financial technologies

Purpose: This paper examines the digital transformation of Ukraine’s financial sector through digitalisation, artificial intelligence (AI), and financial technologies in the context of European integration. Design/Methodology/Approach: The study uses secondary data from the World Bank, International Monetary Fund, and National Bank of Ukraine for 2018–2024; the sample covers one country over seven years, with 24 annual indicators. Six analytical tables assess technological development, digital resilience, and regulatory harmonisation. The analysis is descriptive: it traces annual trends and examines how Ukrainian financial standards align with EU standards. Research Limitation: The analysis relies on secondary data and covers 2018–2024; its descriptive design does not identify causal effects or separate digitalisation from martial law and EU accession conditionality. Findings: The results show rapid movement toward a cashless economy and growing use of AI for risk management and cybersecurity. Despite geopolitical challenges, Ukraine has maintained digital transformation and harmonised more than 80% of relevant financial legislation with European Union (EU) standards, including PSD2 and DORA. Practical Implication: Digital technologies can strengthen financial resilience, risk management, and regulatory convergence. Social Implication: Responsible digitalisation can improve financial accessibility and transparency while supporting public trust. Originality/Value: Unlike single-channel studies of digital banking, AI law or public finance, the study examines 24 indicators in six groups together, showing that EU harmonisation kept its pre-war pace during the full-scale war while most digital indicators grew more slowly; it also highlights ethical AI governance as a condition for sustainable digital development.

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Publication Details

Journal
African Journal Of Applied Research
Published
2026-10-30
DOI
https://doi.org/10.26437/mfes9n92
Primary Topic
Digital Transformation in Financial Services
Type
article
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article

Financial sector of Ukraine: European integration through the prism of digitalisation, artificial intelligence, and innovative financial technologies

Lina Marshuk, Анастасія Євгенівна Абдуллаєва, O. Prutska, I. Hnydiuk et al.
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African Journal Of Applied Research
Digital Transformation in Financial Services
article

Financial sector of Ukraine: European integration through the prism of digitalisation, artificial intelligence, and innovative financial technologies

Lina Marshuk, Анастасія Євгенівна Абдуллаєва, O. Prutska, I. Hnydiuk, N. Timoshenko
article en

Abstract

Purpose: This paper examines the digital transformation of Ukraine’s financial sector through digitalisation, artificial intelligence (AI), and financial technologies in the context of European integration. Design/Methodology/Approach: The study uses secondary data from the World Bank, International Monetary Fund, and National Bank of Ukraine for 2018–2024; the sample covers one country over seven years, with 24 annual indicators. Six analytical tables assess technological development, digital resilience, and regulatory harmonisation. The analysis is descriptive: it traces annual trends and examines how Ukrainian financial standards align with EU standards. Research Limitation: The analysis relies on secondary data and covers 2018–2024; its descriptive design does not identify causal effects or separate digitalisation from martial law and EU accession conditionality. Findings: The results show rapid movement toward a cashless economy and growing use of AI for risk management and cybersecurity. Despite geopolitical challenges, Ukraine has maintained digital transformation and harmonised more than 80% of relevant financial legislation with European Union (EU) standards, including PSD2 and DORA. Practical Implication: Digital technologies can strengthen financial resilience, risk management, and regulatory convergence. Social Implication: Responsible digitalisation can improve financial accessibility and transparency while supporting public trust. Originality/Value: Unlike single-channel studies of digital banking, AI law or public finance, the study examines 24 indicators in six groups together, showing that EU harmonisation kept its pre-war pace during the full-scale war while most digital indicators grew more slowly; it also highlights ethical AI governance as a condition for sustainable digital development.

African Journal Of Applied ResearchVol. 12(7)
State University of Trade and Economics (UA)
Industry, innovation and infrastructure, Peace, justice, and strong institutions, Partnerships for the goals
Openalex Percentile: Top 6%
Digital Transformation in Financial Services
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