Page 37 - Azerbaijan State University of Economics

Aleskerova Y.V., Fedorishina L.I., Todosichuk V.L.: Management Banking Innovative
Financial Technologies in Agrarian Sphere

The system and integrated approaches were used in the work which provided the
research on the management of innovation and financial technologies of banks in the
agrarian sector. The solving of certain tasks is accomplished by combining
evolutionary, logical, comparative and structural methods, in particular:

-the evolutionary method (for determining the stages of development and the
categorical apparatus of the theory of innovation); logical-cognitive (for
substantiation of definitions concerning the development of innovative financial
technologies of banks in the agrarian sector); system-structural method (for the
allocation of a dynamic approach in the study of the nature of management
innovation and financial process);

-semantic and content analysis (to characterize dynamic research in banking);
structural-logical analysis (for structuring the process of development of innovative
financial technologies of banks); complex analysis (to highlight the stages of
development of banking innovation and financial technologies in the agrarian sector
and to develop a model of the mechanism for their implementation);

- abstract-logical (in the study of the specificity of innovation activities of banks
in the agrarian sector); economic-mathematical and economic-statistical methods
(cluster, regression, trend, multivariate comparative analysis);

- in the instrument of diagnostics of dynamics of development and activation of
innovative and financial technologies of banks in the agrarian sector.

PRESENTATION OF THE MAIN RESEARCH MATERIAL
The essential characteristic of innovations and their functions was fulfilled,
economic content and varieties of banking and financial innovations were
determined; specifics, tasks, classification of innovational-financial technologies of
banks and principles of their application are specified.

Innovation is a decisive tool for increasing the competitiveness and economic
upsurge of each economic entity. In order to successfully transition to a competitive
business model, the platform of which is the growth of knowledge and innovation, it
is necessary to create conditions that activate the innovative processes of all
economic actors. The complexity and multidimensionality of the above-mentioned
task caused the emergence of different theories about the development and progress
of innovative procedures. It was found out that the features of banking innovation
and financial technologies (IFT) should be considered: "mandatory sale or
realization of a financial transaction on the market; high functional dependence on
time factors; relatively short life cycle; availability of mass and individual demand;
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