THE ROLE OF FINANCIAL TECHNOLOGIES IN BANKING SECTOR OF UZBEKISTAN

Authors

  • Bobojonov A.A. Head of division of Fiscal policy department of Ministry of economy and finance of Republic of Uzbekistan
  • Sharopov M.A. Head of division of Fiscal policy department of Ministry of economy and finance of Republic of Uzbekistan
  • Khabibullaeva F.M. Leading specialist of Fiscal policy department of Ministry of economy and finance of Republic of Uzbekistan

Keywords:

fintech, fintech ecosystem, startups, technological innovation, collaboration, investment, government, financial services, security, financial transactions.

Abstract

In recent years, Uzbekistan has witnessed significant growth in technology-based startups. These startups, mainly in the fintech and e-commerce sectors, have the potential to drive economic development and create new opportunities. However, the ecosystem supporting these startups is still in its early stages, and there are several challenges that need to be addressed. This article will explore the importance of fintech in Uzbekistan and the challenges that need to be overcome to foster its growth.

References

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)

P.Schueffel. (2017). Taming the Beast: A Scientific Definition of Fintech Journal of Innovation Management.

A.Lagna, M. (2021). Making the world a better place with fintech research Information Systems Journal.

Samariddin Elmirzaev. The importance and challenges of fintech in Uzbekistan. International Journal of Economics, Commerce and Management, Vol. VII, Issue 7, July 2019 pg 559-565.

Sagdiana Doniyor kizi Neverova. Problems and prospects of digitalization of the banking

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Published

2023-10-25