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THE IMPACT OF FINTECH ON THE COMPETITEVNESS AND DIGITAL TRANSFORMATION OF COMMERCIAL IN EMERGING ECONOMIES: EVIDENCE FROM UZBEKISTAN

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MAQOLA ANNOTATSIYASI

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This article examines the role of financial technologies (FinTech) in enhancing the competitiveness and accelerating the digital transformation of commercial banks in emerging economies, with a particular focus on Uzbekistan. The study highlights how tools such as mobile banking, online payments, blockchain, and artificial intelligence have reshaped banking operations, improved efficiency, and expanded financial inclusion. Using international experience and comparative analysis, especially the case of China, the article evaluates how FinTech contributes to profitability, risk management, and customer satisfaction in the banking sector. At the same time, it identifies key challenges, including high investment costs, cybersecurity risks, and regulatory gaps that can hinder sustainable adoption. The findings demonstrate that while FinTech is a driver of tan to strengthen digital infrastructure, ensure financial stability, and align local practices with global standards of digital banking.

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Teglar

# Uzbekistan# artificial intelligence# Blockchain# commercial banks# digital transformation# FinTech# cybersecurity# financial inclusion# mobile banking# emerging economies# online payments# institutional readiness# financial technologies adoption# digital banking services

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Maqola idintifikatorlari

Foydalanilgan adabiyotlar

Arner, D. W., Barberis, J., & Buckley, R. P. (2015). The Evolution of FinTech: A New Post-Crisis Paradigm. Georgetown Journal of International Law, 47(4), 1271–1319.

Cumming, D., Johan, S., & Reardon, R. (2023). Global Fintech Trends and Their Impact on International Business: A Review. SSRN Electronic Journal.

Dorfleitner, G., Hornuf, L., Schmitt, M., & Weber, M. (2017). FinTech in Germany. Springer, Cham.

Gomber, P., Kauffman, R. J., Parker, C., & Weber, B. W. (2018). On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services. Journal of Management Information Systems, 35(1), 220–265.

Chen, M. A., Wu, Q., & Yang, B. (2019). How Valuable Is FinTech Innovation? Review of Financial Studies, 32(5), 2062–2106.

He, Q., & Li, X. (2021). The Failure of Chinese Peer-to-Peer Lending Platforms: Finance and Politics. Journal of Corporate Finance, 66, 101852

Mbiti, I., & Weil, D. N. (2015). Mobile Banking: The Impact of M-Pesa in Kenya. In S. Edwards, S. Johnson, & D. N. Weil (Eds.), African Successes: Modernization and Development (Vol. 3, pp. 247–293). University of Chicago Press

Ernst & Young. (2019). Global FinTech Adoption Index 2019. EY Report

World Bank. (2022). The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. Washington, DC: World Bank.

Arner, D. W., Barberis, J., & Buckley, R. P. (2015). The Evolution of FinTech: A New Post-Crisis Paradigm. Georgetown Journal of International Law, 47(4), 1271–1319.

Cumming, D., Johan, S., & Reardon, R. (2023). Global Fintech Trends and Their Impact on International Business: A Review. SSRN Electronic Journal.

Dorfleitner, G., Hornuf, L., Schmitt, M., & Weber, M. (2017). FinTech in Germany. Springer, Cham.

Gomber, P., Kauffman, R. J., Parker, C., & Weber, B. W. (2018). On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and Transformation in Financial Services. Journal of Management Information Systems, 35(1), 220–265.

Chen, M. A., Wu, Q., & Yang, B. (2019). How Valuable Is FinTech Innovation? Review of Financial Studies, 32(5), 2062–2106.

He, Q., & Li, X. (2021). The Failure of Chinese Peer-to-Peer Lending Platforms: Finance and Politics. Journal of Corporate Finance, 66, 101852

Mbiti, I., & Weil, D. N. (2015). Mobile Banking: The Impact of M-Pesa in Kenya. In S. Edwards, S. Johnson, & D. N. Weil (Eds.), African Successes: Modernization and Development (Vol. 3, pp. 247–293). University of Chicago Press

Ernst & Young. (2019). Global FinTech Adoption Index 2019. EY Report

World Bank. (2022). The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. Washington, DC: World Bank.

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