DIGITALIZATION OF THE BANKING SECTOR

Received 09.03.2022
Revised 30.05.2022
Published 02.07.2022

Abstract

Aspects of the development of digitalization in the modern banking system are considered, the analysis of the impact of technologies on the banking system, the main obstacles, advantages and ways of developing innovative technologies in the banking sector is presented. The introduction of new technologies in the financial market leads to the emergence of business models that allow you to provide traditional services remotely at significantly lower costs. The mobility of electronic channels providing services makes it possible to ensure their availability and expand the reach of consumers 

Keywords

Digitalization banking system blockchain technologies innovation of banks digital transformation payment systems financial literacy
Suggested citation
Kalysbekova, Ch., & Sulaimanova, A. (2022). DIGITALIZATION OF THE BANKING SECTOR. Bulletin of the Kyrgyz National Agrarian University, 20(2), 87-91.

References

[1] Demir Bank Official Website. (n.d.). Retrieved from https://demirbank.kg/ru.

[2] KICB Bank Official Website. (n.d.). Retrieved from https://www.kicb.net/.

[3] National Bank of the Kyrgyz Republic Official Website. (n.d.). Retrieved from https://www.nbkr.kg/.

[4] "Elcart" Official Website. (n.d.). Retrieved from www.elcart.kg.