The Impact of the Development of Financial Technologies on Traditional Banks

Authors

  • Xojiyev Jaxongir Dushabayevich Associate Professor of the Department of Finance and Financial Technologies of Tashkent State University of Economics Author
  • Abdujabborov Shohruh Alisher o’g’li 4rd year student of the Faculty of Finance, Tashkent State University of Economics Author
  • Toshtemirov Sahobjon Vahob o'g'li 4rd year student of the Faculty of Finance, Tashkent State University of Economics Author

Keywords:

FinTech, information technology, banking service

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. 

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Published

2024-10-24

Issue

Vol. 2 No. 10 (2024): Innovative: International Multi-disciplinary Journal of Applied Technology

Section

Articles

How to Cite

The Impact of the Development of Financial Technologies on Traditional Banks. (2024). Innovative: International Multidisciplinary Journal of Applied Technology (2995-486X), 2(10), 200-205. https://multijournals.org/index.php/innovative/article/view/2550

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