WAYS TO DEVELOP INNOVATIVE BANKING SERVICES IN COMMERCIAL BANKS: FOREIGN EXPERIENCE

Authors

  • U.A.Sharipova
  • Makhmadiyorov Iskandar Shodiyor ugli

Keywords:

commercial bank, innovation, banking services, banking product, Internet banking, certificate of deposit, loan

Abstract

The Strategy for Reforming the Banking System of the Republic of Uzbekistan for 2020-2025 notes that the introduction of technological solutions for assessing financial risks, modernizing banking services, introducing modern banking standards, information technologies and software products are priority areas for reforming the national banking system (1, p. 2). And, this makes it necessary to study the possibility of using advanced foreign experience in the field of innovative development of commercial banks.
The article developed scientific proposals aimed at applying the best foreign experience in the development of innovative banking services in the practice of commercial banks in Uzbekistan.

References

Decree of the President of the Republic of Uzbekistan No. 5992 dated May 12, 2020 “On the Strategy for Reforming the Banking System of the Republic of Uzbekistan for 2020-2025”//National Legislation Database, May 13, 2020, No. 06/20/5992/0581.- P. 2.

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Published

2022-04-22