Innovation in the banking sphere

The information economy in today's conditions dictates the conditions under which innovation becomes the driving force that leads to the development of society. Due to the introduction of innovations, active technological modernization is also taking place in banking institutions. Innovations related to remote banking services, risk management, and improvement of information and computer technologies are particularly relevant. However, the majority of Russian banks under innovation management understand solutions to current problems, rejecting the quality of management, which corresponds to the international level and national needs for the development of banking business - increasing efficiency, competitiveness, ensuring stability in the activities of banking institutions and strengthening their influence on innovation processes in the economy.