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ISSUES OF IMPLEMENTATION OF THE EXPERIENCE OF FOREIGN DIGITAL BANKS IN ATTRACTING DEPOSITS FROM INDIVIDUALS IN UZBEKISTAN

📘 Volume 10 📄 Issue 12 📅 december 2023

👤 Authors

Rahimov Akmal Matyaqubovich 1
1. An Independent Researcher of Tashkent Institute of Finance, Finance, Tashkent, Uzbekistan

📄 Abstract

This article investigates the challenges and strategies involved in adopting foreign digital banking experiences to enhance the attraction of deposits from individuals in Uzbekistan. It examines the current state of digital banking in the country, identifying key issues such as underdeveloped technological infrastructure, inadequate regulatory frameworks, limited customer trust, and low levels of financial literacy. The study proposes solutions including technological enhancements, regulatory reforms, initiatives to build customer trust, and financial literacy campaigns. The findings suggest that while the integration of foreign digital banking practices presents challenges, strategic adaptations tailored to Uzbekistans unique context can lead to significant advancements in the banking sector, contributing to economic growth and financial inclusion.

🏷️ Keywords

digital banking foreign banking experience population deposits financial technology banking sector financial inclusion regulatory framework

📚 How to Cite:

Rahimov Akmal Matyaqubovich , ISSUES OF IMPLEMENTATION OF THE EXPERIENCE OF FOREIGN DIGITAL BANKS IN ATTRACTING DEPOSITS FROM INDIVIDUALS IN UZBEKISTAN , Volume 10 , Issue 12, december 2023, EPRA International Journal of Economics, Business and Management Studies (EBMS) ,

🔗 PDF URL

https://cdn.eprapublishing.org/article/137pm_3.EPRA JOURNALS 15101.pdf

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