Conceptual foundations and conditions for the transition from digital-only banks to Bank 5.0
https://doi.org/10.18184/2079-4665.2025.16.4.694-708
Abstract
Purpose: to substantiate the conceptual foundations, as well as the institutional and technological conditions for the transition to Bank 5.0, based on identifying the limitations of digital-only banks and the distinctive features of the new stage.
Methods: the study utilizes institutional analysis to identify the specifics and limitations of digital banks, a comparative approach to compare the parameters of the digital-only and Bank 5.0 models, and a structural and functional analysis to formalize the institutional and technological conditions for the transition to Bank 5.0.
Results: digital-only banks, despite external technological modernization, retain the institutional structure of traditional banking intermediation. This limits their ability to integrate with platforms and adapt to distributed financial environments. Bank 5.0, in contrast, demonstrates the sustainable reproduction of a new logic. In this model, the fulfillment of obligations is embedded in the platform infrastructure, trust is ensured not only by procedures but also algorithmically, and the bank's role is transformed from an intermediary and settlement operator to an organizer of the digital ecosystem. This study allows formulating the conditions for the transition to this model, both institutional and technological, and moving from a description of innovations to a structural understanding of Bank 5.0 specifics as a new stage in the evolution of banking intermediation.
Conclusions and Relevance: Bank 5.0 is not a logical continuation of digital-only models, but rather creates a fundamentally different institutional and technological model based on programmable processes, digital identity, platform-based coordination of participants, and built-in trust. Its implementation is impossible within the existing architecture; it requires a redefinition of bank functions and execution mechanisms. The study's results allow assessing the current state of banks' institutional and technological readiness for the transition to Bank 5.0 and use the findings to develop plans for modernizing internal processes and infrastructure.
About the Author
T. N. Zverkova
Orenburg State University
Russian Federation
Competing Interests:
Russian Federation
Tatyana N. Zverkova, Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Banking and Insurance
Orenburg
Competing Interests:
Автор заявляет об отсутствии конфликта интересов.
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For citations:
Zverkova T.N. Conceptual foundations and conditions for the transition from digital-only banks to Bank 5.0. MIR (Modernization. Innovation. Research). 2025;16(4):694-708. (In Russ.) https://doi.org/10.18184/2079-4665.2025.16.4.694-708
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