METHODOLOGICAL PRINCIPLES OF USING FINANCIAL TECHNOLOGIES IN ENSURING SUSTAINABLE DEVELOPMENT OF THE COUNTRY

Abstract

The article examines the methodological principles of applying financial technologies in the system of ensuring the sustainable development of the country. It is determined that financial technologies are a significant tool for implementing economic, social and environmental priorities into a single mechanism for achieving sustainable development goals. The study reveals the role and functions of financial technologies. It is substantiated that the use of financial technologies contributes to increasing the efficiency of the financial market, reducing transaction costs, expanding financial inclusion and activating "green" investment. The resulting indicators contribute to strengthening macroeconomic stability. The developed model of the impact of financial technologies on sustainable development summarizes the relationship between financial technologies and economic, social and environmental components. It is determined that the use of institutional, regulatory and technological methods enhances the long-term stability of the financial system and creates conditions for sustainable development. Within the framework of the developed model, the importance of using an effective methodological environment is substantiated. In particular, systemic, institutional, functional, risk-oriented approaches to conducting a comprehensive assessment of financial processes are important. The specified components of the methodology are the basis for studying the behavioral functionality and risks of digitalization. The relationship between financial technologies and economic, social and environmental directions of sustainable development is revealed. The economic component is implemented through the growth of investment activity and the reduction of transaction costs. The social component is aimed at increasing financial accessibility and transparency of social payments. The environmental component is carried out through the stimulation of "green" financing and monitoring of ESG indicators. Problematic aspects of the introduction of financial technologies into the system of ensuring sustainable development are identified. Directions for improving and strengthening the significance of financial technologies in ensuring sustainable development are substantiated. The practical significance of the obtained results lies in the possibility of using the developed model in the formation of policy on the use of financial technologies in the system of ensuring sustainable development.