Abstract
The article examines the digital transformation of Ukraine’s banking structures as a strategic tool for implementing anti-crisis investment policy for 2021–2025. Under the legal regime of martial law and macroeconomic instability, the mobilization of internal and external resources is of great importance for Ukraine’s economic stability, necessitating the need to increase the effectiveness of this state policy and the relevance of the study. It has been proven that, under conditions of existential challenges posed by full-scale armed aggression and macroeconomic instability, the digitalization of the financial sector has transformed from a technological trend into a basic institutional mechanism for ensuring stability and investment activity. The purpose of the article is to theoretically substantiate and develop conceptual principles for using the digital transformation of the banking system as a public management mechanism for implementing the state’s anti-crisis investment strategy. The study uses a combination of general scientific and specialized methods: a systems approach to analyze the interaction among financial market entities; institutional analysis to examine the regulatory and legal support for digitalization; a comparative method to compare domestic experience with practices in EU countries (Estonia, Poland, Lithuania). It was determined that the integration of digital banking services, artificial intelligence and Open Banking technologies forms a new architecture of state investment policy. The institutional capacity of state bodies to regulate the digital financial space was analyzed. The scientific novelty of the research results lies in the development of the author’s conceptual model of interaction “state – digital bank – investor”, which is based on the implementation of digital standards, ensuring cyber resilience and the use of innovative tools (digital military bonds, e-hryvnia). In the context of practical significance, specific recommendations were formulated for state authorities and the National Bank of Ukraine to harmonize the regulatory environment with EU norms (PSD2, eIDAS, DORA) and to strengthen the protection of critical information infrastructure.
References
1. Cabinet of Ministers of Ukraine. (2024). Results of digital transformation in the regions of Ukraine for 2023. Government Portal. https://www.kmu.gov.ua/news/rezultaty-tsyfrovoi-transformatsii-v-rehionakh-ukrainy-za-2023-rik
2. Diachenko, S. A., & Haraieva, M. B. (2025). Development of innovative technologies and tools of the digital economy of Ukraine under the conditions of an existential threat. Scientific notes of V. I. Vernadsky Taurida National University. Series: Public administration, 36(75), 5, 32–38. https://doi.org/10.32782/TNU-2663-6468/2025.5/06
3. East Europe Foundation. (2025, May 13). Regional and community digital transformation indexes. https://eef.org.ua/en/indeks-tsyfrovizatsiyi-regioniv-i-gromad
4. European Parliament and Council of the European Union. (2022, December 14). Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (DORA). EUR-Lex. https://eur-lex.europa.eu/eli/reg/2022/2554/oj
5. Galaieva, L. V., Koval, T. V., Rohoza, K. H., Diachenko, S. A., & Basarab, M. (2022). Impact of digital transformation on insurance management models amid financial crisis. International Journal of Energy, Environment, and Economics, 30(4), 447–463. https://novapublishers.com/shop/158073
6. Illes, A., Kosse, A., & Wierts, P. (2025). Results of the 2024 BIS survey on central bank digital currencies (CBDCs) and crypto (BIS Papers No. 159). Bank for International Settlements. https://www.bis.org/publ/bppdf/bispap159.htm
7. Ivanova, T., Kozhyna, A., Lelechenko, A., Derun, T., & Slobozhan, O. (2021). Digital transformation in public administration: Evaluating the adoption and impact of technological innovations in government operations. Salud, Ciencia y Tecnología – Serie de Conferencias, (3), 1142. https://conferencias.ageditor.ar/index.php/sctconf/article/view/615
8. Kozhyna, A., Kocherov, M., & Bovsunivska, I. (2025). Increasing the accessibility of administrative services through digitalization under martial law in Ukraine. Derzhavne upravlinnya: udoskonalennya ta rozvytok, (4). https://doi.org/10.32702/2307-2156.2025.4.5
9. National Bank of Ukraine. (2024). Financial stability report. National Bank of Ukraine. https://bank.gov.ua/admin_uploads/article/FSR_2024-H2.pdf
10. National Institute for Strategic Studies. (2021). Real sector of the economy of Ukraine in terms of systemic challenges. https://niss.gov.ua/news/novyny-nisd/realnyy-sektor-ekonomiky-ukrayiny-v-umovakh-systemnykh-vyklykiv
11. National Institute for Strategic Studies. (2022). Hoping for recovery. Where the global economy is heading. https://niss.gov.ua/news/statti/spodivayuchys-na-vidnovlennya-kudy-pryamuye-hlobalna-ekonomika
12. National Institute for Strategic Studies. (2022). State-owned banks of Ukraine in war conditions. https://niss.gov.ua/news/komentari-ekspertiv/derzhavni-banky-ukrayiny-v-umovakh-viyny
13. OECD. (2023). The principles of public administration (2023 ed.). https://www.sigmaweb.org/publications/Principles-of-Public-Administration-2023-edition-UKR.pdf
14. OECD. (2026). Digital. https://www.oecd.org/en/topics/digital.html
15. SIGMA. (2023). Public administration in Ukraine: Assessment against the Principles of Public Administration (December 2023). OECD/SIGMA Monitoring Report. https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/02/public-administration-in-ukraine_27a46a58/078d08d4-en.pdf
16. Sytnyk, H., Zubchyk, O., & Orel, M. (2022). Conceptual understanding of the peculiarities of managing innovation-driven development of the state in the current conditions. Science and Innovation, 18(2), 3–15. https://doi.org/10.15407/scine18.02.003
17. Uriadovyi Kurier. (2023). More than 30 services in Diia and Defence Tech development: Main achievements of the Ministry of Digital Transformation for 2023. https://ukurier.gov.ua/uk/news/ponad-30-poslug-u-diyi-ta-rozvitok-defence-tech-go
18. Verkhovna Rada of Ukraine. (1991). On investment activity (Law No. 1560-XII). https://zakon.rada.gov.ua/laws/show/1560-12
19. Verkhovna Rada of Ukraine. (1999). On the National Bank of Ukraine (Law No. 679-XIV). https://zakon.rada.gov.ua/laws/show/679-14
20. Verkhovna Rada of Ukraine. (2000). On banks and banking activities (Law No. 2121-III). https://zakon.rada.gov.ua/laws/show/2121-14
21. Verkhovna Rada of Ukraine. (2017). On the basic principles of ensuring the cybersecurity of Ukraine (Law No. 2163-VIII). https://zakon.rada.gov.ua/laws/show/2163-19
22. Verkhovna Rada of Ukraine. (2021). On financial services and financial companies (Law No. 1953-IX). https://zakon.rada.gov.ua/laws/show/1953-20
23. World Bank Group. (2025). Digital transformation overview. https://www.worldbank.org/en/topic/digital/overview
24. World Bank. (2023). Digital progress and trends report 2023. Washington, DC. https://digitallibrary.un.org/record/4042361
25. World Economic Forum. (2024). The global risks report 2024 (19th ed.). https://www.weforum.org/reports/global-risks-report-2024
26. Zubchyk, O., Derun, T., Legkyi, S., & Tkachenko, I. (2023). Comparative analysis of public administration as a tool for forming and implementing investment policy of Ukraine in the conditions of pandemic and state of war. Current Issues in Modern Science, 12(18), 227–245. https://doi.org/10.52058/2786-6300-2023-12(18)-227-245
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Copyright (c) 2026 Alla Kozhyna, Svitlana Diachenko, Oleh Zubchyk, Ihor Tkachenko