INNOVATIVE TECHNOLOGIES IN THE FINANCIAL SECTOR: CURRENT TRENDS AND PROSPECTS.
Keywords:
Innovation, prospects, fintech, digitalization, financial services,mobile banking, startups, technologies.Abstract
The article explores how digitalization affects financial services and promotes innovation in this area. The changes in traditional financial institutions and the growth of new startups are considered. Research data from UBS and BCG confirm that revenues continue to grow, and more and more customers prefer digital services using a consistent method. This suggests that digitalization is not only shaping the market, but also creating new expectations for users who are looking for convenience and speed in financial transactions. Thus, digitalization is becoming a key factor contributing to development and transformation. In recent years, there have been clear changes in the approaches of traditional financial institutions, such as banks and insurance companies, which are trying to adapt to new market conditions.
References
Abdurakhmanov K.Kh. Labor economics (theory and practice). Textbook. -T.: 2019.
Borisov E.F. Economic Theory in Questions and Answers: A Textbook. - M.: Prospect, 2007.
Gorelov N.A. Income Policy and Quality of Life of the Population. A Textbook. // - St. Petersburg: Piter, 2003.
Mukhammedov M.M. and the Economy. Employment, Income and Standard of Living. Monograph. // - T.: Iktisodiet, 2016.
Surinov A.E. Population Income Statistics. M.: ZAO Finstatinform, 2002.
