TRENDS IN THE DEVELOPMENT OF INNOVATIVE BANKING SERVICES IN COMMERCIAL BANKS
Keywords:
Innovative Banking Services, Globalization, Economic Development, Regulatory Framework, Interactive Services, Economic Reforms, Technological Advancements, International Standards, Security Control, Customer Expectations, Commercial Banks, Economic Stability, Competitive Environment, Investment Environment, Financial InnovationsAbstract
This paper explores the global socio-economic trends, the importance of
innovative banking services in the face of globalization, and the intensified
competition in international and local markets. It emphasizes the role of legal and
regulatory frameworks in fostering the development of banking systems, specifically
in Uzbekistan, under the "2022-2026 Development Strategy of New Uzbekistan."
The significance of economic reforms, technological advancements, and the
adoption of interactive services in commercial banks is highlighted, along with the
crucial role of innovative marketing strategies. The paper also discusses the
international standards in banking services and the necessity of aligning innovations
with market demands, security considerations, and citizen convenience
References
Decree of the President of the Republic of Uzbekistan No. PD-60 dated
January 28, 2022, on the "Development Strategy of New Uzbekistan for 2022-2026."
Decree of the President of the Republic of Uzbekistan dated March 23, 2018,
No. PD-3620, "On Additional Measures for Improving the Accessibility of Banking
Services."
Lavrushin O.I. "Banking Business: Modern Credit System." Financial
Academy under the Government of the Russian Federation. 4th edition, stereotype.
Moscow: Knorus, 2018
