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The Impact of the Development of Financial Technologies on Traditional Banks

Year: 2024

Type: article

Abstract: The article shows the impact of the banking industry on modern economic growth, the current mechanism of the banking industry and the impact of the banking industry on the market economy. Concepts related to the banking sector, i.e. FinTech, modern digital technology and other descriptive indicators related to it are considered. The structure of the banking services market, the specific features of its interaction with the labor market are revealed. The advantages of FinTech technology in the banking sector were shown.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.14005209

Authors: Xojiyev, Jaxongir Dushabayevich, Abdujabborov, Shohruh Alisher o'g'li, Toshtemirov, Sahobjon Vahob o'g'li

Institution: Tashkent State University of Economics

Language: English

Topic: Digital Transformation in Financial Services

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W6949323755

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