Gerasymova O. Мechanism for minimizing the risks of payment systems of banking institutions. – Qualifying scientific work on the rights of the manuscript.
Thesis for the Scientific Degree of Candidate Science (Economics). Specialty 08.00.08 – Money, Finance, and Credit. PHEE “European University”, Kyiv, 2021.
The dissertation is devoted to the complex substantiation of theoretical and methodological bases and practical approaches to the formation of the mechanism for minimizing the risks of payment systems of banking institutions.
The scientific approaches used in the interpretation of definitions are generalized: "mechanism for minimizing the risks of payment systems", "mechanism for minimizing the risks of payment systems of banking institutions", "risk of payment systems of banking institutions", "multifactorial risk of the functioning of the mechanism of payment systems".
The mechanism of risk minimization of payment systems of banking institutions is presented, which defines the goals, strategies, tactics, principles, functions defined in the field of implementation of the concept of risk minimization of payment systems and the functioning of the risk minimization system; coordinating and controlling subsystems are presented; provided organizational (regulatory, information-institutional, functional-structural and personnel support) and economic components (technical-technological, spatial-reactionary, control-monitoring, postoperative support), combined with reaction-adaptive support; a set of levers of influence on payment systems (normative-legal, technical-technological, regulatory-normative, organizational, economic); tools for effective functioning of the mechanism and criteria for minimizing individual risks and minimizing the risk of the payment portfolio; macro- and micro-factors of the payment market, which together will contribute to the formation of organizational and functional system of financial risk management of payment systems and optimization of the payment portfolio with optimal risk, profitability and liquidity.
Methodical approaches to assessing the effectiveness of risk management of payment systems of banking institutions are presented and evaluated in accordance with the developed methodology. Approaches to risk assessment of payment systems of banking institutions are developed, taking into account their areas of origin, settlement mechanisms, time distribution, minimization methods and nature of compliance of national payment systems with international oversight standards by securitizing individual portfolio risk for placement of payment systems of banking institutions on the financial market. The development trends of Ukrainian banks were analyzed. Diagnosis of risks of payment systems of banking institutions is carried out. The risks of payment systems of banking institutions were diagnosed taking into account the existing level of probability of threats, as a result of which it was revealed that the payment system "Oshchad 24" has the highest risks; a fairly high level of risk is observed in the domestic payment system "Prostir". It is proved that payment systems that are objects of oversight are also components of the financial market infrastructure, which includes a coordinator (payment organization, institution), which provides operational activities of the payment system of the banking institution, payment system participants, allows settlements on transfers and payments. participants and (or) users of payment system services or third parties through interaction between them on the basis of an agreement within a certain legal field.
Procedures for the implementation of the oversight function of payment systems by a banking institution are proposed. A model of effective functioning of the mechanism of risk minimization of payment systems of banking institutions has been developed.
A neurofuzzy model of minimizing individual risks of card payment systems of banking institutions is presented. The neural fuzzy technology of the model allows to determine credit risk for various banking products of corporate business, identifying the range of variables in the payment systems of banking institutions, predicting the value of financial condition and optimal limits of creditworthiness of participants and borrowers.
Keywords: payment systems, banking institutions, risks, mechanism for minimizing the risks, model, oversight, threats, securitization, collateral.
