IMPROVING THE DIGITAL TRANSFORMATION OF COMMERCIAL BANK BUSINESS MODELS: THEORY AND PRACTICE
DOI:
https://doi.org/10.5281/zenodo.20701275Abstract
This article examines the issues of digital transformation of business models in commercial banks of
Uzbekistan. The evolutionary stages of global banking practice from Bank 1.0 to Bank 4.0, the theoretical foundations of
the business model concept, the current state of Uzbekistan’s banking system, and the key barriers to transformation are
analyzed. Based on the research findings, scientific proposals and practical recommendations have been developed for
improving the business models of commercial banks
Keywords
commercial bank, business model, digital transformation, Bank 4.0, fintech, open banking, platform economy, Uzbekistan banking system.References
Drucker P.F. The Theory of the Business // Harvard Business Review. – 1994. – Vol. 72. – No. 5. – P.
–104.
Timmers P. Business Models for Electronic Markets // Electronic Markets. – 1998. – Vol. 8. – No. 2. – P.
–8.
Osterwalder A., Pigneur Y. Business Model Generation. – John Wiley & Sons, 2010. – 288 p.
King B. Bank 4.0: Banking Everywhere, Never at a Bank. – Marshall Cavendish International, 2018. –
p.
Zetzsche D.A., Buckley R.P., Arner D.W., Barberis J. The Future of Finance: Fintech, TechFin and
RegTech // Journal of Banking Regulation. – 2023. – Vol. 24. – P. 1–18.
Erdonayev A. Tijorat banklari faoliyatini transformatsiya qilish: Sankt-Gallen yondashuvi // Iqtisodiyot va
innovatsion texnologiyalar. – 2024. – №3. – B. 45–58.
Shoymardonov O. O‘zbekiston tijorat banklarida biznes ekotizimini shakllantirish // Moliya va bank ishi.
– 2024. – №2. – B. 12–26.
PwC. Global FinTech Report 2024. – London: PricewaterhouseCoopers, 2024. – 68 p. – https://www.
pwc.com
McKinsey & Company. Banks could lose $170 billion in profits due to AI. McKinsey Global Banking
Annual Review. – New York, 2024.
O‘zbekiston Respublikasi Markaziy bankining 2025-yillik hisoboti. – Toshkent, 2025. – www.cbu.uz
O‘zbekiston Respublikasi Prezidentining 2020-yil 5-oktabrdagi «Raqamli O‘zbekiston – 2030»
strategiyasini tasdiqlash to‘g‘risidagi PF-6079-son Farmoni.
Aliyev X.R. O‘zbekistonda bank ekotizimlarini rivojlantirish: platformaviy yondashuv // Iqtisodiy tahlil. –
– №1. – B. 33–47.
Ortiqov O.A. Tijorat banklari faoliyatida raqobatni rivojlantirish va masofaviy xizmatlar bozori // Bank
ishi. – 2024. – №4. – B. 18–32.
The State of Digital Entrepreneurship and Artificial Intelligence «Digital Economy of Uzbekistan». –
Toshkent: Raqamli texnologiyalar vazirligi, 2024. – 96 b.
Markaziy bank boshqaruvining 2026-yil 21-yanvardagi №3759-son nizomi. Masofaviy moliyaviy
xizmatlar ko‘rsatishda axborot xavfsizligi va kiberxavfsizlikni ta’minlash to‘g‘risida.
Downloads
Published
How to Cite
Issue
Section
