The evolution of commercial banks in digital economy
The article discusses the apparent processes of changing the character of banking in the era of digital technologies spreading into all institutional structures of society. The essence of new types of banking products based on expanding the use of various forms of artificial intelligence by businesses is revealed. The special features of payments in ordinary banknotes and cryptocurrency are analyzed, along with the prospects for their spread in the near future. The reasons are given for the inevitability of significant changes in the mechanism of financial mediation. The author comes to the conclusion that the nature of labor costs in the infrastructure of the credit system is temporal and there is a tendency of it turning into a product of virtual environment. 