Improving the Mechanisms of Digital Transformation of the Banking System of Uzbekistan under Conditions of Financial Globalization
Abstract
The digital transformation of the banking system has become a strategic priority in the context of financial globalization. In Uzbekistan, this process is not only a technological necessity but also a key driver of competitiveness in the financial sector. The integration of advanced digital solutions into banking operations improves efficiency, transparency, and customer accessibility. Global experience shows that countries actively implementing digital transformation achieve faster financial inclusion and higher economic resilience. However, the process requires careful planning, infrastructure development, and strong regulatory support. Therefore, studying the mechanisms for improving digital transformation in the banking system is both scientifically and practically relevant
References
1. International Monetary Fund. (2023). Fintech and the Future of Banking. Washington, DC: IMF Publications.
2. OECD. (2022). Digital Transformation in Financial Services. Paris: OECD Publishing.
3. World Bank. (2021). The Global Findex Database: Measuring Financial Inclusion and the Fintech Revolution. Washington, DC: The World Bank.
4. Arner, D. W., Barberis, J., & Buckley, R. P. (2016). The Evolution of Fintech: A New Post-Crisis Paradigm? Georgetown Journal of International Law, 47(4), 1271–1319.
5. Central Bank of the Republic of Uzbekistan. (2023). Annual Report 2022–2023. Tashkent: CBU.
6. Ministry of Economy and Finance of the Republic of Uzbekistan. (2023). Digitalization Strategy for the Banking Sector. Tashkent.
