The Main Directions of Development of Innovative Activity in Commercial Banks of Uzbekistan

Zafarjon Yashinovich Rakhmanov, Azizbek Abdulalim Ugli Hakimov

Abstract


In this article, the expansion of the number and coverage of remote banking services, including contactless payments, in the introduction of modern information technologies by banks of Uzbekistan; extensive use of automated scoring system, digital identification and credit conveyor; strengthening the information security of banking data and systems; introduction of new concepts and technologies in the banking sector (fintex, marketplace, digital banking); The practice of introducing new business models of banks, in particular, based on the principles of "digital banking" was studied. In addition, problems in the development of innovative activities in commercial banks were identified and proposals were developed to address them.


Keywords


Banking; Innovation; Innovative Infrastructure; Innovative Ecosystem; Digital Platform; Payment System Regulation; Big Data, Fintex; Marketplace; Digital Banking

Full Text:

PDF

References


Digitalizing Intelligence: AI, Robots and the Future of Finance // Institute of international finance. www.iif.com/portals /0/Files/private/ai_report_copy.pdf

J. Frost, L. Gambacorta, H. S. Shin. From financial innovation to financial integration. Finance and Development. A quarterly journal of the International Monetary Fund. March 2021 www.imf.org/fandd

В.V. Zhdanovich. Transformation of banking regulation in the context of the development of digital technologies. Thesis. Researcher. Candidate of Economics. Moscow. 2021

Philippon, T. The FinTech Opportunity NBER Working Paper, 2016. № 22476. 24 p.

А. Borlakov. Development of innovations in commercial banks. Thesis. Researcher. Candidate of Economics. Rostov-on-Don. 2020

N.Tuxliev. (2021) The need, conditions and opportunities for the transition to a digital economy in Uzbekistan The experience of the transition to a digital economy in the East: opportunities and challenges. pp. 12-16.

Scientific electronic journal “Economy and Innovative Technologies”. № 6, November-December, 2019.

Decree of the President of the Republic of Uzbekistan No. PD-6079 of October 5, 2020 “On approval of the Strategy Digital Uzbekistan - 2030 and measures for its effective implementation”.

Decree of the President of the Republic of Uzbekistan No. PD-6079 of October 5, 2020 “On approval of the Strategy” Digital Uzbekistan - 2030 and measures for its effective implementation”. National Database of Legislation, 06.10.2020, No. 06/20/6079/1349; 02.04.2021, 06/21/6198/0269; National Database of Legislation, 14.07.2021, 06/21/6261/0667, 12.08.2021, 06/21/6277/0788, 26.08.2021, 07/21/5234/0826, 26.08.2021, 07/21/5234/0826.

Based on the appendix to the Decree of the President of the Republic of Uzbekistan dated October 5, 2020 No PD-6079 “On approval of the Strategy Digital Uzbekistan - 2030 and measures for its effective implementation” https://lex.uz/docs/5030957

National Database of Legislation, 18.02.2021, No. 07/21/4999/0127; National Legislative Database, 29.07.2021, No. 07/21/5199/0721

https://ipakyulibank.uz/ - Prepared on the basis of the official website of the Joint-Stock Commercial Bank “Ipak yuli”.




DOI: http://dx.doi.org/10.18415/ijmmu.v8i11.3260

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.