Page 41 - Azerbaijan State University of Economics

Aleskerova Y.V., Fedorishina L.I., Todosichuk V.L.: Management Banking Innovative
Financial Technologies in Agrarian Sphere

Support for the effectiveness and efficiency of the mechanism for the introduction of
innovative financial technologies enables: to clearly outline all its participants and
measure their responsibility; to ensure the functional implementation of its stages
with the establishment of feedback and the implementation of corrective measures;
reduce time and reduce costs for the provision of innovation and financial
technologies; to create a balanced, strategically sound portfolio of innovative
financial technologies; to constantly monitor the development of innovative
financial technologies.

Interests of economic entities

Information Financial Economic Social

IT development

Macroeco- Political and Innovative Infrastruc- Exchange-
nomic legal ture distributing

Institutional Impact Factors

Figure 3: Scientific approaches to assess the impact of fiscal factors on the
development of innovation and financial technologies

The scientific approaches to assess the influence of institutional factors on the
development of innovative financial technologies based on the transformation,
hierarchy, interdependence and satisfaction of the interests of various economic entities,
the organization of information and resource processes, exchange-distribution flows
between financial, regulatory, innovation and infra-structural institutes (Figure 3).

The specifics and tendencies of service of banks by subjects of agrarian sphere are
revealed; evaluated the banking policy and reviewed the existing proposals of
innovation and financial technologies in the agrarian sector; the risks, threats and
risks of introduction of banking innovations and financial technologies are

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