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Methods of Transforming Banking Services And Increase Market Share of Assets
Corresponding Author(s) : Bekzod Polvonovich Muminov
American Journal of Economics and Business Management,
Vol. 7 No. 12 (2024): December
Abstract
On the subject of transformation of banking services and methods of increasing the share of assets in the market, this article analyzes modern approaches aimed at increasing the efficiency of assets by digitizing the banking system, introducing innovative services, and using financial technologies. The main mechanisms of increasing the market share of banks through the wide introduction of digital technologies and services are studied. In the framework of this research, international and local experiences were analyzed, strategies and suggestions that were successfully used in practice were developed.
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- Schwab, K. (2016) The Fourth Industrial Revolution: Schwabning "To‘rtinchi sanoat inqilobi".
- Brynjolfsson, E. & McAfee, A. (2014) The Second Machine Age.
- Yakovlev, A. (2018) Innovative Banking: Transformations and New Models.
- Mirzoeva, G. (2021) O'zbekistonda Bank Xizmatlarining Transformatsiyasi
- Zaytseva, A. & Makarova, S. (2019) Digitalization in Banking: Impact on Financial Services and Market Share Growth:
- Axmedov, I. (2020) O'zbekistonda Bank Tizimi va Raqamli Transformatsiyaning Samaradorligi.Shamshadin, A., & Tursunov, M. (2021). Digital transformation in banking: Challenges and opportunities for the financial sector in Uzbekistan. Journal of Financial Innovations, 9(3), 45-58.
- Khamidov, K. (2020). The impact of digital banking services on economic growth in Central Asia. Asian Economic Policy Review, 14(1), 77-91.
- Sokolov, V. & Zhukov, A. (2020). The role of financial technologies in the modernization of banking. International Journal of Economics and Finance Studies, 18(2), 102-115.
- Gulyamov, M. & Ahmedov, A. (2019). Strategic transformation of banking services in Uzbekistan: A digital approach. Uzbekistan Economic Review, 11(4), 132-145.
- Novikov, I. (2022). Banking sector digitalization in post-Soviet countries: A comparative study. Financial Systems Development Journal, 15(3), 210-225.
- Zhang, L. & Wang, J. (2020). Digital banking in the context of economic development: A study on China’s model and implications for Central Asia. Journal of International Financial Research, 22(6), 301-315.
- Rustamov, B. (2023). New directions in banking sector innovations and the effects on market share. Central Asia Economic Development Journal, 19(5), 58-72.
- Suleymanov, N. & Yuldashev, B. (2021). The impact of technology on banking services in Uzbekistan. Innovations in Banking and Finance, 24(1), 115-128.
- N. Haidar, “Transforming Lean to Service: Application to the Kurdistan Banking Industry,” Perspectives on Development in the Middle East and North Africa (MENA) Region, pp. 289–361, 2023, doi: 10.1007/978-981-99-3389-1_8.
- J. Kramolis, “The influence of design on companies’ increase in income, market share or brand value,” Journal of Competitiveness, vol. 11, no. 4, pp. 89–102, 2019, doi: 10.7441/joc.2019.04.06.
- A. Jalilova, “Strategy to increase the share of sales in the pharmaceutical market,” Economics of Development, vol. 23, no. 1, pp. 53–61, 2024, doi: 10.57111/econ/1.2024.53.
- Á. Garrido-Morgado, “Applying the triple coherence line to in-store marketing plans to increase private label market share,” Journal of Retailing and Consumer Services, vol. 77, 2024, doi: 10.1016/j.jretconser.2023.103642.
- B. Bursa, “Drive Them to Rail—How Can Tourist Destinations Increase the Market Share of Rail Travel? A Discrete Choice Experiment,” International Journal of Tourism Research, vol. 26, no. 6, 2024, doi: 10.1002/jtr.2799.
- H. Mohiuddin, “Examining market segmentation to increase bike-share use and enhance equity: The case of the greater Sacramento region,” Transp Policy (Oxf), vol. 145, pp. 279–290, 2024, doi: 10.1016/j.tranpol.2023.10.021.
- E. Suryani, “Model scenario to increase market share and profitability of MSMEs through business process digitalization,” Proceeding - 6th Information Technology International Seminar, ITIS 2020, pp. 7–12, 2020, doi: 10.1109/ITIS50118.2020.9321047.
References
Schwab, K. (2016) The Fourth Industrial Revolution: Schwabning "To‘rtinchi sanoat inqilobi".
Brynjolfsson, E. & McAfee, A. (2014) The Second Machine Age.
Yakovlev, A. (2018) Innovative Banking: Transformations and New Models.
Mirzoeva, G. (2021) O'zbekistonda Bank Xizmatlarining Transformatsiyasi
Zaytseva, A. & Makarova, S. (2019) Digitalization in Banking: Impact on Financial Services and Market Share Growth:
Axmedov, I. (2020) O'zbekistonda Bank Tizimi va Raqamli Transformatsiyaning Samaradorligi.Shamshadin, A., & Tursunov, M. (2021). Digital transformation in banking: Challenges and opportunities for the financial sector in Uzbekistan. Journal of Financial Innovations, 9(3), 45-58.
Khamidov, K. (2020). The impact of digital banking services on economic growth in Central Asia. Asian Economic Policy Review, 14(1), 77-91.
Sokolov, V. & Zhukov, A. (2020). The role of financial technologies in the modernization of banking. International Journal of Economics and Finance Studies, 18(2), 102-115.
Gulyamov, M. & Ahmedov, A. (2019). Strategic transformation of banking services in Uzbekistan: A digital approach. Uzbekistan Economic Review, 11(4), 132-145.
Novikov, I. (2022). Banking sector digitalization in post-Soviet countries: A comparative study. Financial Systems Development Journal, 15(3), 210-225.
Zhang, L. & Wang, J. (2020). Digital banking in the context of economic development: A study on China’s model and implications for Central Asia. Journal of International Financial Research, 22(6), 301-315.
Rustamov, B. (2023). New directions in banking sector innovations and the effects on market share. Central Asia Economic Development Journal, 19(5), 58-72.
Suleymanov, N. & Yuldashev, B. (2021). The impact of technology on banking services in Uzbekistan. Innovations in Banking and Finance, 24(1), 115-128.
N. Haidar, “Transforming Lean to Service: Application to the Kurdistan Banking Industry,” Perspectives on Development in the Middle East and North Africa (MENA) Region, pp. 289–361, 2023, doi: 10.1007/978-981-99-3389-1_8.
J. Kramolis, “The influence of design on companies’ increase in income, market share or brand value,” Journal of Competitiveness, vol. 11, no. 4, pp. 89–102, 2019, doi: 10.7441/joc.2019.04.06.
A. Jalilova, “Strategy to increase the share of sales in the pharmaceutical market,” Economics of Development, vol. 23, no. 1, pp. 53–61, 2024, doi: 10.57111/econ/1.2024.53.
Á. Garrido-Morgado, “Applying the triple coherence line to in-store marketing plans to increase private label market share,” Journal of Retailing and Consumer Services, vol. 77, 2024, doi: 10.1016/j.jretconser.2023.103642.
B. Bursa, “Drive Them to Rail—How Can Tourist Destinations Increase the Market Share of Rail Travel? A Discrete Choice Experiment,” International Journal of Tourism Research, vol. 26, no. 6, 2024, doi: 10.1002/jtr.2799.
H. Mohiuddin, “Examining market segmentation to increase bike-share use and enhance equity: The case of the greater Sacramento region,” Transp Policy (Oxf), vol. 145, pp. 279–290, 2024, doi: 10.1016/j.tranpol.2023.10.021.
E. Suryani, “Model scenario to increase market share and profitability of MSMEs through business process digitalization,” Proceeding - 6th Information Technology International Seminar, ITIS 2020, pp. 7–12, 2020, doi: 10.1109/ITIS50118.2020.9321047.