“…A detailed analysis of scientific papers characterizing the features of the development of financial and economic relations showed the dependence of the development of banking innovations on the following factors: economic conditions, the emergence of digital currencies and their use as an alternative to fiat money (Knezevic, 2018;Nikic, 2018), the digitization of various spheres of public life (Cwiklicki & Wojnarowska, 2020;Petroye et al, 2020), the competition in the banking service market (Skvarciany et al, 2018;Aldomy et al, 2020), sufficient financial resources (Leonov et al, 2014), trust in the domestic participants of the banking system (Brychko et al, 2019(Brychko et al, , 2020, the efficiency of banks (Kasim et al, 2019;Boďa & Zimkova, 2019), business transparency (Vasilyeva et al, 2017). Structural modelling (Prayitno et al, 2021) and regression analysis (Vasilyeva et al, 2014b) are used to determine the correlation degree between banking development indicators. Particular attention should be given to the approach to investment or any other managerial decision, taking into account the bank's strategic development goals based on the use of bifurcation theory (Vasilyeva et al, 2019).…”