Introduction: Modern Banking and Digital Transformation

This book provides a thorough exploration of the evolving dynamics of modern banking, examining how digitalization and optimization are reshaping banking operations, fundamentally altering their structures, and introducing both new risks and opportunities. These transformative changes are set to significantly affect the competitive landscape of the financial market. This book serves as a guide to the primary trends and characteristics that are shaping the future of banking activities and institutions, offering crucial insights for bank owners and founders as they develop strategic guidelines for their operations, as well as bank managers in their current activities. The book is organized into five chapters (Chaps. 2–6). The first chapter (Chap. 2) discusses the modern banking landscape, highlighting emerging trends and growth opportunities. The second chapter (Chap. 3) explores the major risks associated with contemporary banking activities. The third chapter (Chap. 4) emphasizes modern international and national regulatory frameworks governing banking. The fourth and fifth chapters (Chap. 5 and Chap. 6) focus on modern payment systems in the banking sector and the role of FinTech companies, outlining their impact, directions, and opportunities within the banking market, respectively.