Current State of Commercial Banks in a Digital Economy

Abstract

The digital economy is more and more confidently entering the ordinary life of citizens and does not seem so fantastic as it did several years ago. Smart city, digital economic platform, digital medicine, robotics and much more have long entered the everyday life of any person. The introduction and development of the digital economy is inevitable and necessary for any country. The active introduction of the digital economy in Russia has been carried out since 2018 in accordance with the decree of the President of the Russian Federation Vladimir Putin dated May 7, 2018 No. 204 "On national goals and strategic objectives of the development of the Russian Federation for the period until 2024". The process of "digitalization" began in the 1970s by replacing analog systems with digital ones. Digitalization has penetrated quite deeply into all spheres of society. Infrastructure based on electronic interaction is becoming the newest vector for the formation and development of the global economy, which is acquiring digital status. The rapid development of digital technologies in recent years leads to a paradigm shift in economic relations, moving from a real component to a virtual space.