Chkan Iryna, PhD of Economic,  Associate Professor Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine

ORCID ID: 0000-0003-3764-8380
e-mail: ir4ikrok@gmail.com

Chkan Iryna, PhD of Economic,  Associate Professor Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine

ORCID ID: 0000-0001-9773-4534
e-mail: trusova_natalya5@ukr.net

Implementation of Protective Parameters for Electronic Payments by the Central Bank and Financial Institutions: Security and Stability of the Banking System

Abstract. Introduction. The article considers an in-depth risk management methodology for implementing protective parameters in electronic payments of the central bank and financial institutions using FinTech information resources and products to minimize threats, manage operational activities and stabilize the payment deposit and credit portfolio of banks with state capital. It is substantiated that the probability (threat) of banks losing part of their resources causes losses, lack of income or additional costs as a result of inefficient payment transactions in the deposit and credit segment and, compared to the expected option, leads to the emergence of unexpected risks.

Purpose. of the study and implementation of risk management methods, reserve parameters, electronic payments to the central bank and financial institutions that use information resources for FinTech products risk reduction, operational diligence management and stabilization of the payment deposit and loan portfolio from government capital.

Results. The risk management methodology and its functionality have been expanded to minimize threats in the transaction of deposit and credit flows of financial institutions of state and private ownership. Standardization of protective parameters of electronic payments in the risk management of banks allows to contain the threat of loss of their liquidity stability and embodies the complex technological interaction of service banking infrastructure and FinTech companies for the implementation of FinTech services. The TOP-20 profitable banks of Ukraine have been determined and an assessment of threats and their impact on the level of security of the NBU’s SEP and banks with state and private capital has been carried out.

Conclusions. A reference state bank is identified that has the best combination of the process of securitization of the payment deposit and loan portfolio and protection of active information FinTech resources, taking into account the fulfillment of requirements in the areas: “current level of SPDLP”, “SPDLP management”, “level of awareness of SPDLP”. It is proposed to transfer the monetary regulator of mandatory requirements, as a tool of the NBU SEP and a factor in the formation of a moderate structural deficit of the liquidity stability of financial institutions, to the category of instruments of long-term and structural influence to control the timely blocking of tagged and fitting attacks in the electronic payment system. This will allow interest to be accrued on the amount of mandatory reserves in the payment deposit and loan portfolio of financial institutions in order to increase the efficiency of transfers of SEP participants.

Keywords: banking system; security; electronic payments; FinTech resources; risks; threats; innovative technologies.

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