MANAGING E-FINANCE AS A CHALLENGE TO THE MACEDONIAN AND RUSSIAN ECONOMY
The financial system exists as a separate part made up of institutions and instruments whose operation is taking place in the financial market. Currently there are mundane processes that are beyond the financial system, but are conditioned or sustain it. It is that these processes affect the financial system. Financial environment influences the competitiveness of financial institutions, causing the creation or development of modern approaches. These modern approaches to financial institutions caused a certain evolution in the functioning of financial markets. Especially the development of information technology is a growing share of electronic commerce on the one hand and on the other hand causes the existence of new methods of operations of financial institutions. These modern methods institution aims to: approaching of first (faster) access to consumer and market leadership. Above stated challenges for any economy, this paper provides an answer to where and how to develop the Russian and Macedonian economy in terms of e-banking in the financial sector. For this purpose were used methods of analysis, synthesis, processing quantitative data etc.