Increasing the Competitiveness of Commercial Banks in the Context of Digitalization of the Economy

Authors

  • Jurayev Isroil Ibrohimovich Tashkent institute of finance Tashkent, Uzbekistan

Keywords:

competitive, digital infrastructure, banking system, new technology, digital banking

Abstract

The digitalization of the economy has brought significant changes in the banking industry, whereby commercial banks need to adapt to the digital age to remain competitive. The adoption of digital technology is critical for banks, as it enables them to offer personalized services, improve efficiency, and reduce operational costs. This paper aims to explore the role of digital transformation in increasing the competitiveness of commercial banks.

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References

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KPMG International Global Consumer & Retail team. February 2019

McKinsey & Company Social Responsibility Report 2019

Mellahi, K., & Wilkinson, A. (2020). Digital Transformation and the Future of Work in Banks. Journal of Business Research, 117, 115-123.

Ren, Y., & Shen, J. (2019). Strategic Change of Commercial Banks in the Digital Age: Evidence from China. Journal of Business Research, 100, 429-440.

Deloitte Digital Banking Survey, 2021

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Published

2023-04-28

How to Cite

Ibrohimovich, J. I. . (2023). Increasing the Competitiveness of Commercial Banks in the Context of Digitalization of the Economy. American Journal of Economics and Business Management, 6(4), 114–118. Retrieved from https://globalresearchnetwork.us/index.php/ajebm/article/view/2177