Peculiarities of Digital Economy and Its Development Tendencies in the Banking System of Uzbekistan
Maftuna Kurbanova1, Feruza Atavullaeva2

1Maftuna Kurbanova*, Management and Marketing Department, Tashkent University of Information Technologies named after Mukhammad al-Khwarizmi, Tashkent, Uzbekistan.
2Feruza Atavullaeva, Economics and Management in ICT sphere, Tashkent University of Information Technologies named after Mukhammad al-Khwarizmi, Tashkent, Uzbekistan. 

Manuscript received on October 12, 2019. | Revised Manuscript received on 22 October, 2019. | Manuscript published on November 10, 2019. | PP: 114-125 | Volume-9 Issue-1, November 2019. | Retrieval Number: A3945119119/2019©BEIESP | DOI: 10.35940/ijitee.A3945.119119
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Abstract: The article is devoted to the discussion of recent trends and reformation in digital economy and banking system in Uzbekistan. The object of the research is the PJSCB “RAVNAQ-BANK”, while implementing and developing of digital economy in the financial sector of the Republic of Uzbekistan is the subject of this article. The actuality of the research consists of increasing the number of scholars who are interested in how to develop digital economy in several developing countries and by this to achieve economic effectiveness in both the scope of country and company. For example, regardless of the reformations and development in this sphere, there is a row of problems unsolved. Nowadays, population seems not to be satisfied with the supply of banking services; hence the number of complaints on the work of service providers is increasing. Besides, the problems in the sphere of banking services also arise from the lack of the mechanism of monthly taking measurements from the counters and the absence of central database of consumers. The analysis of the main approaches determining the contribution of digital economy to the banking sphere, formulation of recommendations relating to the prior directions to achieve the step-by-step digital transformation of the sphere of banking make up the scientific novelty of the research. The research consists of four parts. Firstly, the role of digital economy in the banking sphere is explored. Secondly, the application of mobile system to the banking services is investigated. Thirdly, reformation processes of digital economy by developing banking system of PJSCB “RAVNAQ-BANK” are examined. Lastly, introduction of digital economy to the sphere of banking and banking services for integration with e-government are discussed.
Keywords: Digitalization, Digital Economy, Digital Transformation, e-government, Information Technologies, Bank, Banking System, Commercial Banks, Finance, Uzbekistan, PJSCB “RAVNAQ-BANK
Scope of the Article: Aggregation, Integration, and Transformation