Financial Technology: Development of Innovative Fintech Start-Ups and Its Application in Banking System of Uzbekistan

Shamsiddin Amanullaevich Allayarov, Maktuba Ravshanova

Abstract


In the context of globalization, labor migration, trade and capital movements, tourism, foreign investment, IT are affected by the economic growth rates of countries. Periodic disclosure of reforms in the new Uzbekistan, the beginning of socio-economic relations provided opportunities for modernization, technical and technological re-equipment of the industrial sector. In particular, the need for financial technology in commercial banks is important to conduct research in this area. The influence of fintech is beginning to be felt in the banking sector and capital markets. This article surveys its development and its impact on efficiency, banking market structure, strategies of incumbents and entrants, and financial stability.

Keywords


Financial Technology; Commercial Bank; Capital Market; Digital Economy; Financial Institutions; Blockchain; Financial Services; Financial Policy

Full Text:

PDF

References


Allayarov Sh.A. Features and ways to improve the current model of agricultural policy of Uzbekistan//INTERNATIONAL JOURNAL OF RESEARCH IN SOCIAL SCIENCES, (ISSN:2249-2496), Impact Factor (IJRSS) 7.081 for 2016// April 2017. P 212-223.

Allayarov, Sh. (2019) "ON THE INTERDEPENDENCE OF THE CONCEPTS OF “TAX CULTURE” AND “TAX DISCIPLINE”// International Finance and Accounting: Vol. 2019 :Iss. 6, Article 14. Available at: https://uzjournals.edu.uz/interfinance/vol2019/iss6/14.

Allayarov, Sh. PhD; Mirzamakhmudov, M.; and Mirzamakhmudova, M. (2020) "ANALYSIS OF REGULATORY SANDBOX IN THE NETHERLANDS THAT PROMOTE DEVELOPMENT OF INNOVATIVE FINTECH STARTUPS"// International Finance and Accounting:Vol.2020:Iss.3,Article34.Available:https://uzjournals.edu.uz/interfinance/vol2020/iss3/34.

Allayarov, Sh., Allayarov S., Yuldasheva U., Madjidov N. (2020) Аssessment of the effectiveness of the results of the fiscal policy of the republic of Uzbekistan// International Journal of Advanced Science and Technology Vol. 29, No. 7, (2020), pp. 7920-7926.

Allayarov, Sh., Nabiev E., Allayarov S., Amanullaeva Yu. (2020) Ways To Improve The Tax Mechanısm To Ensure The Fınancıal Securıty Of The Country//International Journal of Advanced Science and Technology. Vol. 29, No. 7, (2020), pp. 7849-7855.

Allayarov, Sh.PhD. (2020) Strengthening tax discipline in the tax security system: features and current problems//South Asian Journal of Marketing & Management Research (SAJMMR). https://saarj.com. ISSN:2249-877X, Vol. 10, Issue 11, November 2020, Impact Factor: SJIF 2020=7.11, pp. 124-128.

Allayarov, Sh.PhD. (2020) The improvement of tax control in order to strengthen tax discipline in the republic of Uzbekistan// TRANS Asian Journal of Marketing & Manajment Research (TAJMMR). https://tarj.in ISSN:2279-0667, Vol 9, Issue 11, November 2020, Impact Factor: SJIF 2020=7.209, pp. 57-62.

Bjorn, S. a. (2019, March 10). Netherlans: Fintech 2019. Retrieved July 30, 2019, from ICLG.com: https://iclg.com/practice-areas/fintech-laws-and- regulations/Netherlands.

Financial technology-Fintech. By JULIA KAGAN; Reviewed by ERIC ESTEVEZ. Updated Aug 28, 2020. Available at: https://www.investopedia.com/terms/f/fintech.asp.

FinTech 2021: 20 Articles for FinTech Experts. 23 December,2020. Available at:https://www.finextra.com/blogposting/19700/fintech-2021-20-articles-forfintech-experts.

Fintech Statistics. (21.06.2021). Available at: https://balancingeverything.com/fintech-statistics/.

G. Shamborovskyi, M.Shelukhin, AllayarovSh, Y.Khaustova, S. Breus. (2020) Efficiency of functioning and development of exhibition activity in international entrepreneurship// Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686) Volume 26, Special Issue 4, 2020 pp. 1-7.

Rating of commercial banks of Uzbekistan by the quality of services provided and operating activities for the first half of 2020. 21/08/2020. Available at: http://www.uzdaily.com/en/post/59372.

Regulatory overhaul needed to make the Netherlands a fintech hub - report. (2016, January 22). Retrieved June 24, 2019, from Finextra: https://www.finextra.com/news/fullstory.aspx?newsitemid=28369.

Аллаяров Ш.А. Модернизация аграрного сектора Узбекистана:проблемы и решения//Финансовий вестник-финансы,налоги,страхование,бухгалтерский учет. Индекс 45427. (Россия) 2011.- №12.- с. 17-24.http://www.finance-journal.ru/index.php.




DOI: http://dx.doi.org/10.18415/ijmmu.v8i9.3017

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 International Journal of Multicultural and Multireligious Understanding

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

International Journal of Multicultural and Multireligious Understanding (IJMMU) ISSN 2364-5369
https://ijmmu.com
editor@ijmmu.com
dx.doi.org/10.18415/ijmmu
facebook.com/ijmmu
Copyright © 2014-2018 IJMMU. All rights reserved.