FINANCIAL TECHNOLOGIES IN THE DEVELOPMENT OF BANKING SERVICES: INTERNATIONAL EXPERIENCE AND THE PRACTICE OF UZBEKISTAN
DOI:
https://doi.org/10.60078/3060-4842-2026-vol3-iss3-pp603-611Abstract
This article examines the theoretical foundations of using financial technologies (FinTech) in the development of banking services and analyzes the digital transformation processes taking place in the banking system of Uzbekistan along with the experience of developed countries. Based on the experience of the United States, the United Kingdom, China, Singapore, and South Korea, the impact of FinTech technologies on the efficiency of banking services is assessed. In addition, the scope of digital services in Uzbek banks, the number of mobile banking users, and the practical outcomes of financial technologies are studied using statistical data
Keywords:
FinTech digital banking Open Banking artificial intelligence mobile banking blockchain digital transformation banking innovationsReferences
Arner D.W., Barberis J.N., Buckley R.P. (2017) FinTech and RegTech in a Nutshell, and the Future in a Sandbox // CFA Institute Research Foundation. – Vol. 3. – pp. 1–20.
Bank for International Settlements (BIS) (2025). Annual Economic Report 2025. – Basel, Switzerland.
EY. (2025) Global FinTech Adoption Index 2025. – London.
International Monetary Fund (IMF) (2025). Fintech and Financial Services: Initial Considerations. – Washington DC.
Ismoilova G. (2023) Elektron pullar va ularning raqamli iqtisodiyotdagi oʻrni // Iqtisodiy taraqqiyot va tahlil.
Ismoilova G., Feruza N., Khadjieva N., Shaislamova M. (2019) Creating a Robust ICT Base for the Digital Economy // International Conference on Information Science and Communications Technologies (ICISCT).
Ismoilova G., Makhkamov B., Mahmudov J. (2022) Business in the Development of E-Commerce // International Conference on Information Science and Communications Technologies (ICISCT).
Ismoilova G., Mirkhadja D., Nabieva F. (2021) The Role of Processing Information in Digital Marketing // International Conference on Information Science and Communications Technologies (ICISCT).
KPMG. (2025) Pulse of FinTech H2 2025. – London.
McKinsey & Company. (2025) Global Banking Annual Review 2025. – New York.
Philippon T. (2019) On FinTech and Financial Inclusion // NBER Working Paper No. 26330. – Cambridge, MA: National Bureau of Economic Research.
Schueffel P. (2016) Taming the Beast: A Scientific Definition of FinTech // Journal of Innovation Management. – Vol. 4, No. 4. – pp. 32–54.
Thakor A.V. (2020) FinTech and Banking: What Do We Know? // Journal of Financial Intermediation. – Vol. 41. – Article 100833.
World Bank. (2025) Global Findex Database 2025: Digital Financial Inclusion. – Washington DC.
Downloads
Published
How to Cite
Issue
Section
License

This work is licensed under a Creative Commons Attribution 4.0 International License.





