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Economics and Innovative Technologies

Abstract

This article examines the role of innovation in microfinance institutions, in particular the role of digital systems in banking and non-bank microfinance institutions in Uzbekistan. It also analyzes the "digital banks" established in the country, their legal framework, the possibility of using innovations in the activities of microfinance institutions in the country, including digital systems.

References

1. Resolution of the President of the Republic of Uzbekistan dated July 23, 2019 No PP-4400 "On measures to increase the popularity of microfinance services" 2. Ezrokh Y. Microfinance in Russia in the Mirror of Foreign Experience: Competition, Evolution, Prospects. Society and Economy. 2014. 7-8, p. 75–99. 3. Sunny Li Sun, Hao Liang. Globalization and affordability of microfinance, Journal of Business Venturing, Volume 36, Issue 1, 2021, https://doi.org/10.1016/j.jbusvent.2020.106065. (https://www.sciencedirect.com/science/article/pii/S088390262030673X) 4. Afsheen Abrar, Iftekhar Hasan, Rezaul Kabir. Finance-growth nexus and banking efficiency: The impact of microfinance institutions. Journal of Economics and Business, Volume 114, 2021, https://doi.org/10.1016/j.jeconbus.2020.105975. (https://www.sciencedirect.com/science/article/pii/S0148619520304197) 5. Isabelle Pignatel, Hubert Tchakoute Tchuigoua. Microfinance institutions and International Financial Reporting Standards: An exploratory analysis, Research in International Business and Finance, Volume 54, 2020, https://doi.org/10.1016/j.ribaf.2020.101309. (https://www.sciencedirect.com/science/article/pii/S0275531920302415) 6. Frédéric Huybrechs, Johan Bastiaensen, Gert Van Hecken. Exploring the potential contribution of green microfinance in transformations to sustainability. Current Opinion in Environmental Sustainability, Volume 41, 2019, Pages 85-92, https://doi.org/10.1016/j.cosust.2019.11.001. (https://www.sciencedirect.com/science/article/pii/S1877343519300521) 7. Panshin, B. Digital economy: features and development trends / B. Panshin // Science and innovations.— 2016.— T. 3.— No. 157.— P. 17–20. 8. Data from the Central Bank of the Republic of Uzbekistan as of January 1, 2017. 9. Information from the official website of the Central Bank of the Republic of Uzbekistan. - [Electronic resource]: http://www.cbu.uz 10. https://cbu.uz/oz/press_center/news/436810/ 11. https://anorbank.uz/credits/ 12. https://www.gazeta.uz/uz/2020/12/11/internet-users/

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