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The Essence, Functions and Role of Banks as Elements of the Banking System

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Abstract

This article reveals the issues regarding the regulation of digital banking.


To date, Internet banking has become an everyday tool for everyday work. Now, before choosing a bank, customers have the opportunity to evaluate both the conditions of the products offered, as well as the functionality and attractiveness of its remote access systems.

Abstract

This article reveals the issues regarding the regulation of digital banking.


To date, Internet banking has become an everyday tool for everyday work. Now, before choosing a bank, customers have the opportunity to evaluate both the conditions of the products offered, as well as the functionality and attractiveness of its remote access systems.

Keywords

Bank
digital banking
legal regulation
digitalization of financial services

Declarations

Conflict of Interest Statement

The author (s) declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest.

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References

1. The Law of the Republic of Uzbekistan "On Banks and Banking Activities" dated April 25, 1996, No. ZRU-216-I.
2. Rabadanova D.A. Methods of assessing the effectiveness of banking activities of regional credit organizations // Problems of modern economics. – M. – 2011. – No. 4.
3. From the speech of the Deputy Central Bank of the Republic of Uzbekistan Abrorhuji Turdaliev on the banking system of the Republic of Uzbekistan at the II International Financial and Banking Forum of the CIS member states - November 26, 2021.
4. Rodin D.Ya. Formation of strategies for sustainable development of commercial banks: theory, methodology, practice. / Abstract of the Candidate of Economic Sciences. Krasnodar, 2012.
5. Money, credit, banks: textbook for universities / edited by G.N. Beloglazova. — M.: Yurayt, 2014.

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Cite this article as:

Mukumov, B. . (2023). The Essence, Functions and Role of Banks as Elements of the Banking System. Middle European Scientific Bulletin, 32, 11-14. Retrieved from https://cejsr.academicjournal.io/index.php/journal/article/view/1652
  • Submitted
    9 January 2023
  • Revised
    9 January 2023
  • Published
    9 January 2023