ISSUES OF IMPLEMENTATION OF THE EXPERIENCE OF FOREIGN DIGITAL BANKS IN ATTRACTING DEPOSITS FROM INDIVIDUALS IN UZBEKISTAN
Keywords:
digital banking, foreign banking experience, population deposits, financial technology, banking sector, financial inclusion, regulatory framework.Abstract
This article investigates the challenges and strategies involved in adopting foreign digital banking experiences to enhance the attraction of deposits from individuals in Uzbekistan. It examines the current state of digital banking in the country, identifying key issues such as underdeveloped technological infrastructure, inadequate regulatory frameworks, limited customer trust, and low levels of financial literacy. The study proposes solutions including technological enhancements, regulatory reforms, initiatives to build customer trust, and financial literacy campaigns. The findings suggest that while the integration of foreign digital banking practices presents challenges, strategic adaptations tailored to Uzbekistan's unique context can lead to significant advancements in the banking sector, contributing to economic growth and financial inclusion.
