Creating Innovative Banking Products Through Digitalization of Banking Services
Keywords:
banking technologies, digitization, financial technologies, retail lending, microcredit
Abstract
The article covers issues of digitization of banking services and their possibilities as a result of modern banking technologies, relations of foreign and local economists about innovative products, analysis of retail banking practices in Uzbekistan and opportunities of important financial technologies in the world. In addition, the author's conclusions and suggestions on creating innovative banking products and improving them through the digitization of banking services have been developed.
References
1. Decree of the President of the Republic of Uzbekistan dated February 7, 2017 No. PF-4947 "On the Strategy of Actions for Further Development of the Republic of Uzbekistan".
2. Resolution of the President of the Republic of Uzbekistan dated September 12, 2017 "On measures to further develop and increase the stability of the banking system of the Republic".
3. Decree of the President of the Republic of Uzbekistan No. PF-5635 of January 17, 2019, "On the state program for the implementation of the strategy of actions on the five priority directions of the development of the Republic of Uzbekistan in 2017-2021 in the "Year of active investments and social development".
4. Mamadiyarov, Z. (2019). REMOTE BANKING SERVICES AND DEVELOPMENT PROSPECTS IN UZBEKISTAN. International Finance and Accounting, 2019(3), 15.
5. Address of the President of the Republic of Uzbekistan to the Oliy Majlis dated January 24, 2020
6. Rose, P.S. (1995) Bankovsky Management: Predostavlenie fin. style: Per. English / Peter - M.: Acad. pomegranate house: Delo, st-55
7. DCThuy , NNQuang . Factors affecting satisfaction and intention to repurchase retail banking services in Vietnam. Cogent Business & Management , Volume 9, 2022 - Issue 1
8. Mamadiyarov, Z. T. (2019). Analysis of factors affecting the use of remote banking services in commercial banks. "Economy and Education" scientific journal.-Tashkent, 1.
9. Karaliev T.M. et al (2007). "Coordination through credit". Textbook. Tashkent. 166 p.
10. Mirzaev F.I. (2009) Conceptual basis of formation of interbank competition in Uzbekistan. Abstract of the Doctor of Economics dissertation - T. Page 9.
11. Mominova M. (2018) Improving Asset Transaction Management Strategy of Commercial Banks. Doctor of Philosophy (PhD) Dissertation in Economics. Tashkent. TDIU. Page 9.
12. It was compiled based on the information of the Central Bank of the Republic of Uzbekistan.
13. Global Fintech Index 2020, CBInsights, Holland Fintech, London & Partners, Medici, Ooma, Pitchbook, Statista, Tracxn, Go Vilnius
14. Askarov S. Problems in lending to individuals in commercial banks and ways to overcome them. National Information Agency of Uzbekistan - science department of Uzbekistan (electronic magazine). May 2023 issue, #05 (43)
2. Resolution of the President of the Republic of Uzbekistan dated September 12, 2017 "On measures to further develop and increase the stability of the banking system of the Republic".
3. Decree of the President of the Republic of Uzbekistan No. PF-5635 of January 17, 2019, "On the state program for the implementation of the strategy of actions on the five priority directions of the development of the Republic of Uzbekistan in 2017-2021 in the "Year of active investments and social development".
4. Mamadiyarov, Z. (2019). REMOTE BANKING SERVICES AND DEVELOPMENT PROSPECTS IN UZBEKISTAN. International Finance and Accounting, 2019(3), 15.
5. Address of the President of the Republic of Uzbekistan to the Oliy Majlis dated January 24, 2020
6. Rose, P.S. (1995) Bankovsky Management: Predostavlenie fin. style: Per. English / Peter - M.: Acad. pomegranate house: Delo, st-55
7. DCThuy , NNQuang . Factors affecting satisfaction and intention to repurchase retail banking services in Vietnam. Cogent Business & Management , Volume 9, 2022 - Issue 1
8. Mamadiyarov, Z. T. (2019). Analysis of factors affecting the use of remote banking services in commercial banks. "Economy and Education" scientific journal.-Tashkent, 1.
9. Karaliev T.M. et al (2007). "Coordination through credit". Textbook. Tashkent. 166 p.
10. Mirzaev F.I. (2009) Conceptual basis of formation of interbank competition in Uzbekistan. Abstract of the Doctor of Economics dissertation - T. Page 9.
11. Mominova M. (2018) Improving Asset Transaction Management Strategy of Commercial Banks. Doctor of Philosophy (PhD) Dissertation in Economics. Tashkent. TDIU. Page 9.
12. It was compiled based on the information of the Central Bank of the Republic of Uzbekistan.
13. Global Fintech Index 2020, CBInsights, Holland Fintech, London & Partners, Medici, Ooma, Pitchbook, Statista, Tracxn, Go Vilnius
14. Askarov S. Problems in lending to individuals in commercial banks and ways to overcome them. National Information Agency of Uzbekistan - science department of Uzbekistan (electronic magazine). May 2023 issue, #05 (43)
Published
2023-06-13
How to Cite
Rakhimdjanovna, Y. S. (2023). Creating Innovative Banking Products Through Digitalization of Banking Services. International Journal on Economics, Finance and Sustainable Development, 5(6), 113-120. https://doi.org/10.31149/ijefsd.v5i6.4489
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