The Importance of Bank Transformation and Digitization
Keywords:
Digital banking, online banking, virtual banking, neobank, remote banking services, digital technologies, transformation
Abstract
In this article, the global trends in the transformation and digitalization of banks and the work being done in this regard in the banking system of Uzbekistan are widely covered. In particular, the emergence of digital banks, foreign experience and their importance were analyzed based on statistical data. As a result of this research, it is necessary to develop conclusions and scientific proposals regarding the transformation and digitization of banks.
References
1. of the President of the Republic of Uzbekistan dated May 12, 2020 No. PF-5992 "On the strategy of reforming the banking system of the Republic of Uzbekistan for 2020-2025"
2. Montazemi, A.R., and H. Qahri-Saremi. 2015. Factors affecting adoption of online banking: A meta-analytic structural equation modeling study. Information & Management 52 (2): 210–226
3. World Bank. 2017. «The Global Findex Database- Measuring Financial Inclusion and the Fintech Revolution», available at:https://globa lfndex.worldbank.org/sites/globalfndex/fles/2018-04/2017%20 Findex%20full%20report_0 .pdf(accessed 21 March 2020).
4. https://psm7.com/mobilnye-banki/luchshie-cifrovye-banki-v-evrope-rejting-2022.html
5. Uzbekistan Republikasi Presidenti Shavkat Mirziyoyevning Oliy Majlisga Murojaatnomasi. 2020 yil 24 January.
6. Дистанционное банковское обслуживание. Коллектив авторов / КНОРУС, ЦИПСиР, Москва, 2010 г.
7. Sheila Mitham. 5 Issues and Challenges in the Online Banking Sector. October 29, 2021 under Digital Marketing FinTech Trends.
8. Вострухина Татьяна Юрьевна аспирантка, Российским регионам – дистанционное банковское обслуживание! дистанционное банковское обслуживание как одно из перспективных направлений развития банковских услуг. Российское предпринимательство, 2011, № 11 (1)
9. Kitsios, F., & Kamariotou, M., 2019. Mapping New Service Development: A Review and Synthesis of Literature, The Service Industries Journal. doi : 10.1080/02642069.2018.1561876 (in press).
10. Ho, SJ, & Mallick, SK, 2010. The impact of information technology on the banking industry, Journal of the Operational Research Society, Vol. 61, No. 2, pp. 211–221.
11. Consumers and the new reality (assets.kpmg)
12. Address of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Oliy Majlis. January 24, 2020.
13. Decree of the President of the Republic of Uzbekistan No. PF-5992 of 12.05.2020 on the Strategy for Reforming the Banking System of the Republic of Uzbekistan for 2020-2025. https://lex.uz/docs/4811025
14. Decree of the President of the Republic of Uzbekistan No. PF-4947 "On the Strategy of Actions for Further Development of the Republic of Uzbekistan". 07.02.2017 https://lex.uz/ .
15. Decree of the President of the Republic of Uzbekistan dated July 24, 2017 No. PF-5120 "On measures to introduce the project management system in the Republic of Uzbekistan "
16. uzcard.uz data.
17. https://cbu.uz/upload/medialibrary/ffd/5u83ez90b46tks5ugc905lusk53y5tgk/Reestr-sistem-elektronnykh-deneg.xlsx
18. Mamadiyarov Z.T. Risk Management in the Remote Provision of Banking Services in the Conditions of Digital Transformation of Banks. ICFNDS 2021: The 5th International Conference on Future Networks & Distributed Systems December 2021, pp 311–317 https://doi.org/10.1145/3508072.3508119
2. Montazemi, A.R., and H. Qahri-Saremi. 2015. Factors affecting adoption of online banking: A meta-analytic structural equation modeling study. Information & Management 52 (2): 210–226
3. World Bank. 2017. «The Global Findex Database- Measuring Financial Inclusion and the Fintech Revolution», available at:https://globa lfndex.worldbank.org/sites/globalfndex/fles/2018-04/2017%20 Findex%20full%20report_0 .pdf(accessed 21 March 2020).
4. https://psm7.com/mobilnye-banki/luchshie-cifrovye-banki-v-evrope-rejting-2022.html
5. Uzbekistan Republikasi Presidenti Shavkat Mirziyoyevning Oliy Majlisga Murojaatnomasi. 2020 yil 24 January.
6. Дистанционное банковское обслуживание. Коллектив авторов / КНОРУС, ЦИПСиР, Москва, 2010 г.
7. Sheila Mitham. 5 Issues and Challenges in the Online Banking Sector. October 29, 2021 under Digital Marketing FinTech Trends.
8. Вострухина Татьяна Юрьевна аспирантка, Российским регионам – дистанционное банковское обслуживание! дистанционное банковское обслуживание как одно из перспективных направлений развития банковских услуг. Российское предпринимательство, 2011, № 11 (1)
9. Kitsios, F., & Kamariotou, M., 2019. Mapping New Service Development: A Review and Synthesis of Literature, The Service Industries Journal. doi : 10.1080/02642069.2018.1561876 (in press).
10. Ho, SJ, & Mallick, SK, 2010. The impact of information technology on the banking industry, Journal of the Operational Research Society, Vol. 61, No. 2, pp. 211–221.
11. Consumers and the new reality (assets.kpmg)
12. Address of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Oliy Majlis. January 24, 2020.
13. Decree of the President of the Republic of Uzbekistan No. PF-5992 of 12.05.2020 on the Strategy for Reforming the Banking System of the Republic of Uzbekistan for 2020-2025. https://lex.uz/docs/4811025
14. Decree of the President of the Republic of Uzbekistan No. PF-4947 "On the Strategy of Actions for Further Development of the Republic of Uzbekistan". 07.02.2017 https://lex.uz/ .
15. Decree of the President of the Republic of Uzbekistan dated July 24, 2017 No. PF-5120 "On measures to introduce the project management system in the Republic of Uzbekistan "
16. uzcard.uz data.
17. https://cbu.uz/upload/medialibrary/ffd/5u83ez90b46tks5ugc905lusk53y5tgk/Reestr-sistem-elektronnykh-deneg.xlsx
18. Mamadiyarov Z.T. Risk Management in the Remote Provision of Banking Services in the Conditions of Digital Transformation of Banks. ICFNDS 2021: The 5th International Conference on Future Networks & Distributed Systems December 2021, pp 311–317 https://doi.org/10.1145/3508072.3508119
Published
2023-02-08
How to Cite
Toshtemirovich, M. Z. (2023). The Importance of Bank Transformation and Digitization. International Journal on Economics, Finance and Sustainable Development, 5(2), 11-20. https://doi.org/10.31149/ijefsd.v5i2.3979
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