This English executive brief introduces the complete Russian-language research article. The full study separates historical source evidence from original analysis and labels hypothetical calculations. It is available through the link below.
Read the complete study in Russian ↗The following is Human Fintech’s analysis
Read growth through deposits and obligations.
A larger customer base can bring very different funding depending on balance concentration, pricing and customer purpose. Distinguish operating balances from rate-sensitive deposits, and assess whether profitable-looking cohorts remain attractive after servicing and funding costs. A digital interface can change the speed of customer action without eliminating the bank’s maturity transformation or liquidity needs.
Test the ability to operate under pressure.
Trace liquidity mobilisation, decision rights and dependencies on external providers. A stress scenario should specify the sequence of events and the institution’s practical ability to respond, not simply apply a percentage haircut. The Russian research includes illustrative cohort economics and an outflow scenario. Basel Committee publications supply a framework and historical observations. They are not treated as a single binding rule for all jurisdictions or as evidence that an individual digital bank will experience a particular outcome. The commercial test is whether the institution can serve the customers it acquires through ordinary conditions and a period of pressure without relying on untested assumptions.
Sources for the full study.
[1] Basel Committee on Banking Supervision. Digitalisation of finance, 16 May 2024. Использованы рамка преимуществ и рисков цифровизации и описание зависимости от внешних поставщиков. Доклад не трактуется как единый обязательный норматив для всех юрисдикций.
[2] Basel Committee on Banking Supervision. Report on the 2023 banking turmoil, October 2023; последующий анализ The 2023 banking turmoil and liquidity risk: a progress report, October 2024. Исторические наблюдения о скорости оттоков и ограничениях обобщения не используются как оценка конкретного цифрового банка.
White Fintech.
Parts II–III of White Fintech cover lending economics, funding and risk management: a foundation for further reading about the lending business.
Complete English edition, PDF + EPUB. Read the first 30 pages free, with no sign-up.