Application of digital technologies in the banking system

Authors

  • Khodjarakhmanova Nazira Tashkent Financial Institute
  • Izbosarov Boburjon Bakhriddinovich TIF, department of “Banking” PhD in economics, docent

Keywords:

Digitalization, artificial intelligence, mobile banking

Abstract

Currently, no industry can be imagined without digital technologies. Digitization plays an important role in our evolving lives. We can’t even imagine our daily lives without digital technologies. As a result of the digitization process, great changes have taken place in human life. We use in our daily lives transactions such as remote payments, online loan processing, which previously seemed to be impossible. Digitalization of the banking system is one of the key factors of development. This article discusses the advantages of using digitalization in the banking system and some drawbacks of this are also explained below.

References

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R.H. Ayupov, G.R. Boltaboev. Fundamentals of the digital economy. Textbook. T.: TFI, 2020, 575 p.

Pros and cons of artificial intelligence

URL: https://blogs.embarcadero.com/ru/the-pros-and-cons-of-artificial-intelligence/

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URL: https://www.washingtonpost.com/news/innovations/wp/2014/10/24/elon-musk-with-artificial-intelligence-we-are-summoning-the-demon/

A.I. is in a ‘golden age’ and solving problems that were once in the realm of sci-fi, Jeff Bezos says URL: https://www.cnbc.com/2017/05/08/amazon-jeff-bezos-artificial-intelligence-ai-golden-age.html#:~:text=Amazon%20CEO%20Jeff%20Bezos%20said,science%20fiction%2C%20according%20to%20Bezos.

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Published

2022-07-07

Issue

Vol. 10 (2022): TJM

Section

Articles

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How to Cite

Application of digital technologies in the banking system. (2022). Texas Journal of Multidisciplinary Studies, 10, 3-5. https://zienjournals.com/index.php/tjm/article/view/2090