FOREIGN EXPERIENCE IN MODERNIZING THE BANKING SYSTEM

Habibullo Norqulov; Axliddin Jo‘rayev; Shaxzoda Abdurasulova

Authors

Habibullo Norqulov Assistant, Samarkand Institute of Economics and Service
Axliddin Jo‘rayev Students of the Part-Time Education Faculty, Samarkand Institute of Economics and Service, Uzbekistan
Shaxzoda Abdurasulova Students of the Part-Time Education Faculty, Samarkand Institute of Economics and Service, Uzbekistan

Keywords:

Banking System, Modernization, Foreign Experience, Digitalization, Financial Innovations, Banking Regulation, Economic Development

Abstract

Modernization of the banking system is crucial for the sustainable development of a contemporary economy. This article analyzes the advanced experiences of foreign countries in reforming and improving the banking sector. The research focuses on digital transformation, financial innovations, and effective regulatory mechanisms. Studying foreign experiences serves as a basis for developing national banking system modernization strategies. The article provides practical recommendations aimed at enhancing the quality of banking services and ensuring financial stability.