THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF BANKING SYSTEM DIGITALIZATION

Authors

  • Suyunov Feruz
  • Ergashov Firdavs
  • Norqulov Habibullo

DOI:

https://doi.org/10.5281/zenodo.20764656

Abstract

This article provides an in-depth analysis of the theoretical and methodological foundations of banking system
digitalization. It examines the importance of digital transformation in the banking sector, its main principles, and modern trends. The
authors pay special attention to the problems that arise in the digitalization process and to possible ways of solving them. The study
offers scientific and practical recommendations aimed at modernizing banking services and increasing their efficiency. The article is
important for shaping future development strategies of the banking system.

Keywords

digitalization, banking system, digital transformation, financial technologies, electronic banking, theoretical foundations, methodological approach, banking innovations

Author Biographies

Suyunov Feruz

Student of the Correspondence Education Faculty,
Samarkand Institute of Economics and Service

Ergashov Firdavs

Student of the Correspondence Education Faculty,
Samarkand Institute of Economics and Service

Norqulov Habibullo

Scientific supervisor: 
Assistant, Samarkand Institute of Economics and Service

References

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Digital Financial Services. World Bank Group.

OECD. (2024). Competition, Fintechs and Open Banking. OECD Publishing.

Bontadini, F., Filippucci, F., Jona-Lasinio, C., Nicoletti, G., & Saia, A. (2024). Digitalisation of financial

services, access to finance and aggregate economic performance. OECD Economics Department Working

Papers, No. 1818. OECD Publishing. DOI: 10.1787/10c7e583-en

Osei, L. K., Cherkasova, Y., & Oware, K. M. (2023). Unlocking the full potential of digital transformation

in banking: A bibliometric review and emerging trend. Future Business Journal, 9(1), 1–18. DOI: 10.1186/

s43093-023-00207-2

Rodrigues, A. R. D., Ferreira, F. A. F., Teixeira, F. J. C. S. N., & Zopounidis, C. (2022). Artificial intelligence,

digital transformation and cybersecurity in the banking sector: A multi-stakeholder cognition-driven framework.

Research in International Business and Finance, 60, 101616. DOI: 10.1016/j.ribaf.2022.101616

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Published

2026-06-01

How to Cite

Suyunov , F., Ergashov , F., & Norqulov , H. (2026). THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF BANKING SYSTEM DIGITALIZATION. Innovation Science and Technology, 2(6). https://doi.org/10.5281/zenodo.20764656
Vol. 2 No. 6 (2026): Innovation Science and Technology