Innovation imperatives of global financial innovation and development of their matrix models

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The global financial market is undergoing transformational changes under the growing influence of innovative factors. Such changes are due, in particular, to the concentration and scaling up and diversification of the structure of financial services, the renewal of the financial sector on the basis of FinTech operations and blockchain technologies. This requires taking into account the impact of innovation factors on the transformation of the financial market in the dimension of FinTech. The study aims to identify the imperatives of global financial innovation and show ways to develop innovative models in the interpretation of S-curves for next-generation products using new technologies when key technologies on the previous S-curve become obsolete. Also, the matrix of financial innovations is presented and the synergy of its innovation models is proved.
The results of the study are to prove that each of the presented models is not independent, it evolves and develops itself, as well as affects other models. This made it possible to identify prognostic pathways for the development of innovative models in their synergy in the form of two-ring motion. Thus, the study emphasizes the need for further research aimed at developing innovative models that will determine strategic decisions in the formation of innovation imperatives.

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    • Figure 1. Innovative prospects for global financial innovation
    • Figure 2. Matrix model of financial innovation transformation
    • Figure 3. Matrix of financial innovations
    • Figure 4. Interpretation of financial innovation matrix models
    • Figure 5. Synergy of prognostic ways of developing innovative models
    • Figure 6. Synergy of innovative models of the first circle of the prognostic path
    • Figure 7. Synergy of innovative models of the second circle of the prognostic path
    • Table 1. Signs of competition in FinTech
    • Conceptualization
      Nataliia Savchuk, Tetiana Bludova, Dmytro Leonov, Olena Murashko, Nataliia Shelud’ko
    • Data curation
      Nataliia Savchuk, Tetiana Bludova
    • Formal Analysis
      Nataliia Savchuk, Tetiana Bludova
    • Funding acquisition
      Nataliia Savchuk, Tetiana Bludova, Dmytro Leonov, Olena Murashko, Nataliia Shelud’ko
    • Project administration
      Nataliia Savchuk, Tetiana Bludova, Dmytro Leonov, Olena Murashko, Nataliia Shelud’ko
    • Supervision
      Nataliia Savchuk, Tetiana Bludova, Dmytro Leonov, Olena Murashko, Nataliia Shelud’ko
    • Writing – original draft
      Nataliia Savchuk, Tetiana Bludova, Dmytro Leonov, Olena Murashko, Nataliia Shelud’ko
    • Writing – review & editing
      Nataliia Savchuk, Tetiana Bludova, Dmytro Leonov, Olena Murashko, Nataliia Shelud’ko
    • Methodology
      Tetiana Bludova
    • Resources
      Tetiana Bludova, Nataliia Shelud’ko