Publication Details
Abstract
This study provides a comprehensive analysis of the impact of digitalization of banking services on economic efficiency based on a systematic approach. It evaluates the role of digital transformation in the banking sector using the experience of both developed and developing countries. The research identifies the contribution of fintech technologies, mobile banking, and artificial intelligence-based services in reducing operational costs and increasing profitability. Empirical analysis results show a positive relationship between the share of digital services and bank revenues. Based on panel data, the key factors affecting economic efficiency are identified. The impact of digitalization on economic outcomes is assessed using a regression model. Practical recommendations for the banking system of Uzbekistan are developed based on global experience. The findings indicate that digital transformation is a crucial factor in enhancing the stability of the banking system.