THE DIGITAL TRANSFORMATION MODEL IN THE FINANCIAL SECTOR: STRATEGIC RISKS, ITS EFFICIENCY, CROSS-SECTORAL APPLICATION

Issue № 3, 2026, article № 13, pages 137-152

Section:

Language: Russian

Original language title: МОДЕЛЬ ЦИФРОВИЗАЦИИ В ФИНАНСОВОЙ СФЕРЕ: СТРАТЕГИЧЕСКИЕ РИСКИ, ИХ ЭФФЕКТИВНОСТЬ, КРОСС-ОТРАСЛЕВОЕ ПРИМЕНЕНИЕ

Keywords: IT-ИНФРАСТРУКТУРА, CYBERSECURITY, COMMERCIAL BANKING, STRATEGIC RISK, THE FINANCIAL SECTOR, DIGITAL TRANSFORMATION, IT INFRASTRUCTURE

Abstract: Digital transformation has become a key driver of the financial sector's development, driving operational efficiency, reducing costs, and improving customer experience. However, accelerated digitalization is accompanied by significant strategic risks related to critical dependence on IT infrastructure and increasing cyber threats, posing new challenges to organizational resilience. The purpose of this study is to develop a digital transformation model that formalizes the relationship between the net economic effect and the level of digitalization, taking into account strategic risks, and to use this model to determine the optimal digital strategy for banks with different business models. Using the example of four major Russian banks (Sberbank, VTB, Alfa-Bank, T-Bank), various models of digital transformation were analyzed, key vulnerability factors were identified, and risk management measures were evaluated. The research methods include a literature review, a case analysis of banking activities, and a study of official records. Comparative and content analysis were used, as well as the study of regulatory documents and expert reports in the field of information security. The study showed that the effectiveness of digital transformation directly depends on the reliability of the IT infrastructure and the introduction of modern protection mechanisms against cyber threats. To formalize the conclusions, model has been developed that determines the optimal level of digitalization, taking into account the balance of efficiency and risks. The results are of practical importance for the financial sector and can be used to develop digital security strategies in other critical industries.

Authors: SHarkova Antonina Vasilevna, Abramova Marina Alexandrovna, Petukhova Ekaterina Pavlovna, Niyazbekova Shakizada