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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)



                   Risk Area             Description                     Policy Response

                                                                         Innovation       units,     capacity-
                   Governance            Weak  FinTech  oversight        building,      national      FinTech
                   capacity              and policy leadership
                                                                         strategies


                  Table 3. Key FinTech Risks and Solutions.
                  Financial  technologies  (FinTech)  have  emerged  as  a  transformative  force  in  the
                  global  economy,  redefining  how  financial  services  are  delivered,  accessed,  and
                  regulated.  This  paper  has  explored  the  theoretical  and  empirical  foundations  of
                  FinTech's  contribution  to  economic  growth,  highlighting  its  role  in  improving
                  financial  inclusion,  SME  productivity,  capital  formation,  and  labour  market
                  dynamics.  Drawing  on  both  developed  and  emerging  market  experiences—
                  including  China,  India,  the  United  States,  the  United  Kingdom,  Singapore,  and
                  Uzbekistan—this study underscores a consistent pattern: where FinTech adoption is
                  robust and well-regulated, the positive impacts on GDP, investment, and job creation
                  are  substantial.  Innovations  such  as  mobile  payments,  crowdfunding  platforms,
                  digital credit scoring, and AI-driven financial tools have not only increased access
                  but also enhanced efficiency and transparency across the financial system. Yet, this
                  transformative  potential  is  not  without  risk.  Issues  of  regulatory  fragmentation,
                  consumer  protection,  environmental  costs,  and  market  concentration  remain
                  persistent barriers. In emerging markets like Uzbekistan, the challenge is twofold:
                  harnessing  FinTech  for  inclusive  growth  while  building  institutional  and
                  infrastructural capacity to govern it responsibly. As financial innovation continues
                  to  accelerate  in  the  digital  age,  there  is  a  clear  need  for  coordinated  policy

                  frameworks that ensure FinTech growth is inclusive, resilient, and sustainable.
                  References:

                  1. Ahmad,  M.,  Turel,  O.,  &  Yilmaz,  M.  R.  (2020).  Financial  inclusion  through
                  digital financial services: Evidence from developing countries. Emerging Markets
                  Finance                and               Trade,               56(2),               451–464.
                  https://doi.org/10.1080/1540496X.2019.1658060

                  2. Ant  Group.  (2024).  Annual  Financial  Technology  Report.  Retrieved  from
                  https://www.antgroup.com/

                  3. Arner,  D.  W.,  Barberis,  J.,  &  Buckley,  R.  P.  (2020).  The  Fintech  evolution:
                  Triangular drivers of change. Georgetown Journal of International Law, 47, 1271–
                  1304.
                  4. Beck, T., Demirgüç-Kunt, A., & Levine, R. (2016). Financial institutions and
                  markets across countries and over time: Data and analysis. World Bank Economic
                  Review, 24(1), 77–92.





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