Risks of Digital Banking

Authors

  • Xudoykulov Husniddin Ziyadullayevich Assistant of Samarkand Institute of Economics and Service

Keywords:

digitalization, digital technologies, digital banking, risks, problems of banking system transformation

Abstract

This article discusses the various risks that arise in transformation from the traditional banking system to digitalization. The main risks of digitalization of the banking sector are described in detail: credit, price, operational, interest, stock, legal, strategic, liquidity risk, etc.

Also, the impact of these risks on banking organizations and possible ways to minimize risks are described.

References

Lyamin L.V. Application of electronic banking technologies: a risk-based approach. - [Electronic resource]. – Access mode: https://znanium.com/catalog/product/408025

The main directions of development of financial technologies for the period 2018-2020 // Bank of Russia. 2017. - [Electronic resource]. – Access mode: https://cbr.ru/Content/Document/File/84852/ON_FinTex_2017.pdf

Petrova L.A., Kuznetsova T.E. Digitalization of the banking system: digital transformation of the environment and business processes // Financial journal. - 2020. - No. 3. – [Electronic resource]. – Access mode: https://www.finjournalnifi.en/images/FILES/Journal/Archive/2020/3/statii/06_3_2020_v12.pdf

What is the digital economy? Trends, competencies, change // Higher School of Economics report. 2019. - [Electronic resource]. - Access mode:

Yudenkov, Tysyachnikova, Sandalov. Internet technologies in the banking business. Prospects and risks. - [Electronic resource]. – Access mode: https://www.labirint.ru/books/822375/

Gorelaya N.V. Organization of lending in a commercial bank: textbook. allowance. - M.: Forum: INFRA-M, 2012. - 207 p.

Anvarovich, N. E. (2022). Transformation of the Banking Sector in Uzbekistan in the Context of Covid-19 Corona virus Pandemia. Academic Journal of Digital Economics and Stability, 13, 76-85.

Lavrushin O.I. Banking: a modern system of crediting (bachelor's and master's programs) / O.I. Lavrushin, O.N. Afanasiev. – M.: KnoRus, 2015. – 160 p.

Anvarovich, N. E. (2021). Ways to Strengthen the Resource Base of Commercial Banks. BARQARORLIK VA YETAKCHI TADQIQOTLAR ONLAYN ILMIY JURNALI, 1(6), 689-694.

Banks and banking operations / under. ed. Zhukova E.F. - M .: "Banks and exchanges" ed. UNITI, 2014. - 471 p.

Anvarovich, N. E. (2022). Improving the Risk Management System in a Commercial Bank as a Condition for Minimizing Credit Risks. EUROPEAN JOURNAL OF BUSINESS STARTUPS AND OPEN SOCIETY, 2(2), 43-45.

Downloads

Published

2023-03-25

How to Cite

Ziyadullayevich, X. H. . (2023). Risks of Digital Banking. European Multidisciplinary Journal of Modern Science, 16, 57–59. Retrieved from https://emjms.academicjournal.io/index.php/emjms/article/view/898

Issue

Section

Articles