Open AccessDIGITALIZATION OF THE BANKING SYSTEM: PROBLEMS AND CURRENT TRENDS
Author(s) -
Liliya Z. Buranbaeva,
Zulfiya Z. Sabirova,
Guzel A. Musina
Publication year - 2022
Publication title -
vestnik bist
Language(s) - English
Resource type - Journals
eISSN - 2078-9033
pISSN - 2078-9025
DOI - 10.47598/2078-9025-2022-1-54-16-21
Subject(s) - novelty , business , digital transformation , face (sociological concept) , retail banking , key (lock) , emerging technologies , commerce , financial system , computer science , computer security , social science , philosophy , theology , sociology , world wide web , artificial intelligence
The subject of the study is the digitalization of the banking system. The purpose of the study is to consider the problems and prospects for the development of digital technologies in the banking sector. The objectives of the study are to study the benefits of digitalization for banks and their clients, consider the problems and prospects for the introduction of digital technologies, reflect key trends in the development of the bank lending market in a pandemic and the use of modern technologies. The novelty of the study: the need for digital transformation in the banking system, problems and prospects for the development of digital banking technologies, including alternative options for face-to-face bank lending, are identified.Conclusions: Digitalization certainly improves the efficiency of banking activities through the introduction of technical solutions that contribute to increasing value for banks and their customers.