INCREASING THE EFFICIENCY OF DIGITAL BANKING SERVICES IN MINIMIZING RISKS IN COMMERCIAL BANKS

Abstract

The article analyzes the processes of digital transformation of the banking system of the Republic of Uzbekistan in recent years, achievements, and current pressing issues. The study examined the role of the digital economy in the activities of commercial banks, in particular, the role of Big Data technologies and online platforms, their significance in increasing banking efficiency, and innovative approaches such as blockchain. Based on the theoretical approaches of scientists to assessing banking efficiency, the skills of banks in minimizing costs and optimizing profits are emphasized. In conclusion, the necessity of forming a digital transformation ecosystem in Uzbekistan, expanding the fintech infrastructure, and increasing the competitiveness of the banking system through the implementation of international standards has been put forward