Problems in the Implementation of Transformation Processes of Commercial Banks

Abstract

This document discusses Uzbekistan's digital transformation and privatization in banking. Phased actions, supported by presidential decrees, emphasize their role in shaping the digital economy. Challenges include a skilled workforce shortage, funding constraints, security issues, and resistance to change. Stages of digitization, capitalization impact, and a proposed privatization strategy are explored. The systematic, long-term approach is vital, and keywords encapsulate core themes. Uzbekistan positions itself for sustained growth and global competitiveness amid dynamic shifts in its banking sector.