Review of the Russian FinTech Market

The financial technology market is one of the most interesting and dynamic segments of the financial market in the Russian Federation. Even though the market size is much smaller than that of Europe or the USA, statistics show that Russians are far more open to new technology both in terms of personal and corporate finances. In this situation it seems interesting to look at the Russian financial technology market, which is done in this paper. What is important is that in this article the FinTech market is considered as an integral ecosystem, rather than just a set of individual products. In the conclusion the prospects of the Russian financial technology market are reviewed and :forecast is made about its development.