IMPACT OF COVID-19 PANDEMIC ON ACCELERATING THE DIGITIZATION AND TRANSFORMATION OF BANKS

ABSTRACT

The coronavirus crisis has highlighted the need to accelerate the introduction of innovative technologies in the banking and financial system, expand sources of non-bank financing, increase financial literacy among the population, as well as develop more transparent mechanisms of social support for those in need. The article presents the importance of the transformation of banking services in Uzbekistan in the context of the COVID-19 pandemic, the issues of expanding the scope of remote banking services, the views and opinions of economists on them, the state of remote banking services in the world during the COVID-19 pandemic, existing problems and methods their solutions, approaches and suggestions. © 2021 ACM.