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This paper covers the features of applying innovations in the banking sector in Ukraine. It was found that for building customers' confidence and meeting their needs, banks shall continually improve the quality of services aided by active introduction of innovations. In order to clarify the peculiarities of innovation in the banking sector, the basic concepts of innovations and innovative activity were defined. The significance of globalization for the domestic banking system is determined. The list of positive effects of globalization on the application of innovation in banks is provided. The role of the innovative capacity of banks to implement innovation is characterized. The model of structured approach to innovative activity of a bank is built, which consists of resources required for introducing innovations, effect of external factors and factors of innovative activity of a bank. The components of an integrated approach to management of banking innovative activity are given. Classification of bank innovations is provided and the life cycle of innovative product is described, which includes three phases, namely growth, maturity and decline. The most current innovations being introduced by the banks are identified, such as mobile banking and Internet banking. The essence of mobile banking is described, which includes SMS informing about the operation on the account, the function of inquiry of the account balance, etc. Internet banking is separately described, which is being actively implemented by the banks in Ukraine in their practice of banking services. Classification of Internet banking services is provided, including basic services and optional services. The importance of such information innovations as applications for smartphones is outlined. It was established that innovations in the management system of banks in Ukraine take one of the leading roles and ensure their sustainable development. Through innovations financial institutions of Ukraine can capture positive and new trends not only in the domestic market of banking services but also go beyond it. [ABSTRACT FROM AUTHOR]

This paper covers the features of applying innovations in the banking sector in Ukraine. It was found that for building customers' confidence and meeting their needs, banks shall continually improve the quality of services aided by active introduction of innovations. In order to clarify the peculiarities of innovation in the banking sector, the basic concepts of innovations and innovative activity were defined. The significance of globalization for the domestic banking system is determined. The list of positive effects of globalization on the application of innovation in banks is provided. The role of the innovative capacity of banks to implement innovation is characterized. The model of structured approach to innovative activity of a bank is built, which consists of resources required for introducing innovations, effect of external factors and factors of innovative activity of a bank. The components of an integrated approach to management of banking innovative activity are given. Classification of bank innovations is provided and the life cycle of innovative product is described, which includes three phases, namely growth, maturity and decline. The most current innovations being introduced by the banks are identified, such as mobile banking and Internet banking. The essence of mobile banking is described, which includes SMS informing about the operation on the account, the function of inquiry of the account balance, etc. Internet banking is separately described, which is being actively implemented by the banks in Ukraine in their practice of banking services. Classification of Internet banking services is provided, including basic services and optional services. The importance of such information innovations as applications for smartphones is outlined. It was established that innovations in the management system of banks in Ukraine take one of the leading roles and ensure their sustainable development. Through innovations financial institutions of Ukraine can capture positive and new trends not only in the domestic market of banking services but also go beyond it.

The current state of innovation activity inUkraineand its regions, as well as the prospects for the innovative processes development at the state industrial enterprises are considered in the paper. The effect of the level of the innovative processes development in the country on its competitiveness are defined. The statistical materials of the world economic forum, the European Commission, World Intellectual Property Organization have been analyzed, deterioration of innovationUkrainein 2012 has been revealed. The main problems that preventing activation of innovative processes in the state have been singled out: the imperfection of the legislation in Ukraine, the limited links between the public and the business sector, the lack of funds for innovation, high migration of academic staff, poor infrastructure. The analysis of innovation in the regions ofUkrainehas been examined on the following parameters: the costs of enterprises for scientific-research and research-engineering works, the region's ability to innovate, the availability of scientific and engineering personnel, collaboration between universities and business. These figures are also a part of an integral indicator of the level of competitiveness in the regions ofUkraine. Based on their analysis, the leaders of innovation development among the regions (Kharkiv,Sumy, Dnipropetrovsk,Donetskregion) have been defined, and the main problems of enhancing regional innovation processes, among them - the high tax rates, instability in government policies, lack of development of cooperation between universities and business, imperfect legislation have been revealed. The analysis of innovative activity of industrial enterprises inUkrainehas been made, the insignificant share of enterprises with innovative activities has been revealed. The development of strategic planning innovation at the enterprises as one of the outputs of the current situation and enhance innovation processes has been proposed. This program should include the interaction of innovation, investment, production and financial processes at the enterprises and the need for a phased introduction of innovations.