FINANCIAL INNOVATION IN THE DIGITAL ECONOMY

  • Akhunova Shokhista Namanzhanovna Associate Professor, Ferghana Polytechnic Institute, Uzbekistan
  • Tuichieva Shokhsanam Ferghana Polytechnic Institute, Uzbekistan
Keywords: digital, economy, financial, innovations, financial regulation, digitalization

Abstract

Financial innovations, financial and digital technologies transform the way of life, work, consumption, production of goods and services. In an increasingly competitive environment, the Internet offers opportunities to improve business and benefit from lower production costs. Using information and communication technologies (ICTs), small and medium-sized enterprises (SMEs) gain access to global markets that were once the prerogative of only large corporations. Digital platforms are changing the economics of doing business, reducing the cost of international interactions and transactions.

References

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Lebedeva, A. A. Digital technologies in the financial sphere (on the example of cryptocurrencies). Inevitability or a conscious choice of the Russian Federation: a monograph / Lebedeva A. A.-Moscow: Prospekt, 2019. - 120 p. (The full text is available to users of the Financial University in the EBS "Prospect")

Moshella, D. Guide to the digital future: Industries, organizations and professions / David Moshella; Translated from English-Moscow: Alpina Publisher, 2020. - Moscow: Alpina Publisher, 2020. (The full text is available to users of the Financial University in the Alpina Digital Business Library)

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Published
2021-06-05
How to Cite
Akhunova Shokhista Namanzhanovna, & Tuichieva Shokhsanam. (2021). FINANCIAL INNOVATION IN THE DIGITAL ECONOMY. International Journal on Orange Technologies, 3(5), 174-176. https://doi.org/10.31149/ijot.v3i5.1902
Section
Articles