Page 35 - "Green Investments and financial technologies: opportunities and challenges for Uzbekistan" International Scientific and Practical Conference
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“Yashil investitsiyalar va moliyaviy texnologiyalar: O‘zbekiston uchun imkoniyatlar va muammolar” mavzusida xalqaro
                                    ilmiy-amaliy anjuman materiallari to‘plami (Toshkent, JIDU, 2025-yil 7-may)



                  Estimates by the World Economic Forum (2022) suggest that FinTech jobs represent
                  one  in  every  four  new  financial  sector  jobs  in  advanced  economies.  Indirectly,
                  FinTech platforms enhance labour productivity by:
                      •  Streamlining payroll processing and HR management for small firms.
                      •  Enabling gig economy workers to receive instant payments.
                      •  Offering financial planning and insurance tools for freelancers.
                  Moreover, governments and educational institutions are responding with new digital
                  finance  curricula,  enhancing  the  digital  literacy  and  employability  of  the  next
                  generation workforce. For instance, Singapore’s SkillsFuture FinTech programme
                  has trained over 20,000 workers since 2021, aligning the labour market with FinTech
                  sector needs.

                   Strengths                                    Weaknesses

                                                                - Low FinTech penetration outside major
                   - Strong mobile/internet penetration
                                                                cities

                   -  Government  prioritisation  of  digital -     Regulatory      delays     and     limited
                   economy                                      interoperability


                   -  Growing  number  of  start-ups  and -  Insufficient  access  to  early-stage
                   payment providers                            FinTech financing

                   Opportunities                               Threats

                   -  Islamic  finance  and  green  FinTech    - Cybersecurity and data protection risks
                   growth


                                                               -  Geopolitical  instability  and  global
                   - Regional FinTech hub potential
                                                               economic fluctuations

                   - Cross-border remittances and export -  Talent  migration  to  foreign  FinTech
                   finance                                     markets

                  Table 2. SWOT Analysis: FinTech Sector in Uzbekistan.

                  Despite  the  substantial  promise that  financial technologies  offer  for  accelerating
                  economic  development,  their  expansion  also  raises  a  spectrum  of  risks  that  can
                  undermine financial stability, consumer trust, and sustainable growth. This section
                  outlines  the  key  policy  risks  associated  with  FinTech  adoption  and  proposes
                  mitigation strategies relevant for both developed and emerging economies. One of
                  the  most  pressing  challenges  in  FinTech  governance  is  the  lack  of  coordinated
                  regulation.  In  many  jurisdictions,  FinTech  activities  fall  between  institutional
                  mandates, creating supervisory blind spots. This is particularly true for cross-sector
                  innovations  such  as  crypto-assets,  peer-to-peer  lending,  or  algorithmic  credit




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