MODERNIZATION OF THE TREASURY SYSTEM IN THE DIGITAL ECONOMY
Keywords:
treasury system, digital transformation, blockchain, artificial intelligence, Big Data, cloud computing, RPA, cybersecurity, public finance, transparency, financial monitoring, budget efficiencyAbstract
This article examines the theoretical and practical aspects of modernizing the treasury system through the introduction of innovative digital technologies. It argues that treasury reform today goes beyond simple process automation and represents a fundamental transformation aimed at ensuring transparency, efficiency, and real-time financial control in public finance management. The study analyzes key technological directions, including blockchain, artificial intelligence, Big Data analytics, cloud computing, robotic process automation, biometric authentication, and real-time monitoring systems. Special attention is given to their role in enhancing the security of financial transactions, improving budget forecasting accuracy, minimizing corruption risks, and optimizing public expenditures. The findings demonstrate that the integration of advanced digital solutions enables the treasury system to evolve from a traditional operational structure into a strategic financial management instrument, thereby increasing the overall efficiency of public resource utilization.
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