WAYS TO DEVELOP THE PRACTICE OF USING INNOVATION IN BANKS

Abdullo Umedov; Akmal Khodjimamedov

doi:10.5281/zenodo.18701258

WAYS TO DEVELOP THE PRACTICE OF USING INNOVATION IN BANKS

Authors

Umedov Abdullo
Khodjimamedov Akmal Ashurovich

DOI:

https://doi.org/10.5281/zenodo.18701258

Keywords:

banking, innovation, Big Data, digital technologies, FinTech, RegTech, SupTech

Abstract

This article focuses on FinTech, a rapidly growing segment of innovative financial services and technology,
and examines how technology startups and new market entrants apply innovative approaches to products and services
traditionally offered by the financial services industry. The article also discusses the application of financial innovations in
the development of the banking system and outlines their regulatory directions.

Author Biographies

Umedov Abdullo

Student of Samarkand Institute
of Economics and Service

Khodjimamedov Akmal Ashurovich

Scientific supervisor:
PhD, Samarkand Institute of Economics and Service

References

1. Basel Committee on Banking Supervision. Sound practices: Implications of fintech developments for banks and bank

supervisors. February 2018. BIS. https://www.bis.org/bcbs/publ/d431.pdf.

2. McWaters RJ, Galaski R. 2017. Beyond FinTech: a pragmatic assessment of disruptive potential in financial services.

Paper presented at World Econ. Forum, August;

3. Buchak G, Matvos G, Piskorski T, Seru A. 2018. FinTech, regulatory arbitrage, and the rise of shadow banks. J. Financ.

Econ. 130:453–83.

4. The Use of Supervisory and Regulatory Technology by Authorities and Regulated Institutions. Market developments

and financial stability implications. 9 October 2020. Financial Stability Board;

5. IIF (Institute of International Finance). 2016. RegTech in financial services: Technology solutions for compliance

and reporting. March. https://www.iif.com/Portals/0/Files/private/iifregtech_in_financial_services_-_solutions_for_

compliance_and_reporting.pdf?ver=2019-01-04- 142943-690;

6. Xodjimamedov Акмал. 2022. “IMPROVING BANKING INNOVATIONS WITH DIGITALIZATION OF THE BANKING

SYSTEM”. Economics and Innovative Technologies 10 (3):1-8. https://doi.org/10.55439/EIT/vol10_iss3/a1.

7. Ashurovich K. A. Ways to improve banking innovations //European Journal of Life Safety and Stability. – 2022. – Т.

16. – С. 177-178.

8. Khodjimamedov А. (2022). Directions of innovative development of the banking system. Economics and Innovative

Technologies, 10(4), 1–9. https://doi.org/10.55439/EIT/vol10_iss4/a2

WAYS TO DEVELOP THE PRACTICE OF USING INNOVATION IN BANKS

WAYS TO DEVELOP THE PRACTICE OF USING INNOVATION IN BANKS

Authors

DOI:

Keywords:

Abstract

Author Biographies

Umedov Abdullo

Khodjimamedov Akmal Ashurovich

References

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