DIGITAL TRANSFORMATION OF UZBEKISTAN'S BANKING SYSTEM AND ITS INFLUENCE ON THE INNOVATIVE DEVELOPMENT OF COMMERCIAL BANKS

This study investigates the role of digital technologies in fostering innovative development within commercial banks of the Republic of Uzbekistan. Drawing on statistics provided by the Central Bank of the Republic of Uzbekistan, the paper examines the evolution of mobile banking, remote banking services, and cashless transactions between 2021 and 2025. The analysis outlines the main directions of banking digitalization and addresses pressing issues such as cyber security risks and unequal access to digital services. Moreover, the article highlights the contribution of fintech innovations to increasing operational efficiency and strengthening financial inclusion in the banking sector.