| Issue: | 2025 №2 (90) |
| Section: | Finances, accounting and taxation |
| UDK: | 331.56:336.7 |
| DOI: | https://doi.org/10.33271/ebdut/90.160 |
| Article language: | English |
| Pages: | 160-166 |
| Title: | Financial innovation and unemployment in the financial sector: what is the base? |
| Authors: | Yermoshkina O. V., Lviv Polytechnic National University,
Makurin A. A., Dnipro University of Technology,
Doroshenko L. V., Dnipro University of Teсhnology |
| Annotation: | Methods. The study of the impact of financial innovations on unemployment in the financial sector is based on the use of various general scientific methods, such as abstraction – in determining the interrelation between unemployment, innovation, and digitalization. Data collection and analysis were carried out, including both quantitative analysis of statistical data on employment in the financial sector and the volume of investment in fintech and automation, labor productivity indicators, as well as qualitative analysis of the regulatory framework, a review of scientific literature, and case study analysis of specific financial institutions. For the quantitative analysis, data from the State Statistics Service of Ukraine, the National Bank of Ukraine, industry reports, and public reports of large banks were used. Results. The study revealed that financial innovations create a dual effect on employment: on the one hand, they automate routine operations, reducing the demand for traditional professions; on the other hand, they generate new, highly skilled jobs, leading to a skills gap. Innovations also play a key role in financing risky technological projects and adapting the financial system to new challenges. The analysis confirms that financial crises lead to increased unemployment and social instability, often due to unregulated innovations, as was the case during the 2008 crisis. At the same time, despite the full-scale war and demographic changes, Ukraine’s labor market (2021–2023) shows a certain decrease in registered unemployment, associated with declining inflation and an increase in employer job offers. Nowelty. The study identified the dual impact of financial innovations on employment: they reduce traditional jobs through automation but create new ones that require different skills. A particular novelty is the analysis of the dynamics of the Ukrainian labor market under the conditions of full-scale war (2021-2023), which shows a decrease in registered unemployment and positive trends despite demographic losses. It is also important to emphasize that unregulated financial innovations can be a cause of financial crises and subsequent rises in unemployment. Practical value. The current full-scale war in Ukraine has significantly accelerated digitalization processes and population migration, which is influencing fintech innovations and the structure of the labor market in new ways. Research that takes this unique context into account (such as changes in demand for financial services, business relocation, new cybersecurity needs, and the growth of remote employment) will have high relevance and novelty. |
| Keywords: | Financial innovations, Unemployment, Financial sector, Digitalization, Artificial intelligence, Machine learning |
| File of the article: | EV20252_160-166.pdf |
| Literature: | - 1. Bahryi, K., Kuchinik, R., & Kuchinik, N. (2022). Bezrobittia v Ukraini pid chas viiny: analitychnyi aspekt. Oblik , analiz i audyt, Vypusk II (86). (2), 32-51. http://doi.org/10.34025/2310-8185-2022-2.86.03
- 2. Vdovyn, M., Zomchak, L., & Kokhanevych, M. (2022). Bezrobittia v Ukraini: ekonomiko-statystychnyi ohliad. Mekhanizm rehuliuvannia ekonomiky, 1-2(95-96), 60-66. DOI: https://doi.org/10.32782/mer.2022.95-96.10
- 3. Blahun, S. (2021). Finansovi innovatsii yak el- ement finansovoi systemy. Herald of Khmelnytskyi Na- tional University, Economic Sciences, 300(6(2), 152-157. https://doi.org/10.31891/2307-5740-2021-300-6/2-25
- 4. Bilenko, O., (2024). Horban, S. Analiz strukturnykh ta tsyklichnykh faktoriv, shcho vplyvaiut na riven bezrobittia ta dynamiku rynku pratsi. Ekonomika ta suspilstvo, (61). https://doi.org/10.32782/2524-0072/2024-61-80.
- 5. Analitychna ta statystychna informatsiia. Vebsait Dnipropetrovskoho oblasnoho tsentru zayniatos- ti. Retrieved from https://dnp.dcz.gov.ua/analitics/70
- 6. Ofitsiinyi vebsait Derzhavnoi sluzhby stat- ystyky Ukrainy. Retrieved from https://www.ukrstat.gov.ua/
- 7. Marshavin, Yu.M., Kytsak, T.H., & Vasylenko, A.O. (2023). Modernizatsiia rynku pratsi na zasadakh kontseptu sotsialnoi vidpovidalnosti yak bazova umova vidnovlennia Ukrainy. Problemy suchasnykh transformatsyi, Ser. : ekonomika ta upravlinnia, (7). DOI:10.54929/2786-5738-2023-7-07-02
- 8. Kuzenkova, Ye. Rynok pratsi ozhyvaie: u sichni zrostaly zarplaty, kilkist shukachiv i konkurentsiia. Vebsait Work.ua. 06.02.2024. Retrieved from https://www.work.ua/articles/analytics/3234/
- 9. Olyinyk T.I., Zhurakovska A.V. (2024). Rynok pratsi v Ukraini pid chas viiny. Molodyi vchenyi. 1(125). https://doi.org/10.32839/2304-5809/2024-1-125-3
- 10. Libanova, E.M. (Ed.). (2020). Bidnist naselennia Ukrainy: metodolohiia, metodyka ta praktyka analizu. Uman: Vydavets «Sochynskyi M.M.»
- 11. Hrytsyshen, D., Abramova, I. (2025). Rol vysokotekhnolohichnykh startapiv u hlobalnyi ekonomitsi. Society and Security, 2(8), 3-8. doi.org/10.26642/sas-2025-2(8)-3-8
- 12. Kolbun, M.M., Polishchuk, V.H. (2023). Teoretyko-prykladne doslidzhennia bezrobittia v suchasnykh umovakh. Prykladna ekonomika: vid teorii do praktyky. Proceedings from MIIM ’23 Vseukrainska studentska naukovo-praktychna konferentsiia (27-28 bereznia 2023 r.) «Prykladna ekonomika: vid teorii do praktyky». L.M. Horbach (Ed.). (pp. 103-107. Lutsk: Volynskyi instytut im. V. Lypynskoho, PrAT «VNZ «MAUP».
|
Archive