{"id":15043,"date":"2020-06-16T13:42:23","date_gmt":"2020-06-16T13:42:23","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15043"},"modified":"2020-06-16T13:42:23","modified_gmt":"2020-06-16T13:42:23","slug":"4-ways-covid-19-is-improving-the-banking-sector-of-uzbekistan","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/4-ways-covid-19-is-improving-the-banking-sector-of-uzbekistan\/","title":{"rendered":"4 ways COVID-19 is improving the banking sector of Uzbekistan"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The banking system of Uzbekistan has adapted well to the COVID-19 crisis, particularly in matters that allow consumers to conduct banking transactions easily and safely. Here are 4 ways Uzbek financial institutions have adapted to the COVID-19 situation to help consumers:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Increased mobile app functionality<\/b><span style=\"font-weight: 400;\"> \u2013these apps allow for quick, easy and remote banking services to be completed by consumers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Increased acceptance of online applications <\/b><span style=\"font-weight: 400;\">\u2013 many commercial financial institutions are now allowing users to submit online applications via their official websites. During the pandemic situation, this was also extended to legal entities, allowing them to benefit from remote application processes as well (and often at favorable terms).<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Sanitized handling of cash<\/b><span style=\"font-weight: 400;\"> \u2013 with cash being an easy through which viruses can be transmitted, there has been a reduction in its usage throughout the world. Commercial financial institutions in Uzbekistan are changing the way cash is handled to ensure that cash from banks does not transmit any virus (e.g. received cash must be stored for at least 1 week prior to being distributed to another consumer).<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Increased usage of digital banking solutions <\/b><span style=\"font-weight: 400;\">\u2013 the digitalization of banking services has been a priority for the banking sector for some time and has been further emphasized due to the pandemic. In this regard, special attention has been paid to the introduction of modern technologies that improve the level of customer service. Moreover, more projects are planned to increase the usage of digital banking solutions, especially those that improve contactless payment services.&nbsp;<\/span><\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15043 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Corporate banking in Russia heading towards the digital'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/when-corporate-banking-in-russia-will-learn-digital\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/cheerful-coworkers-at-table-with-gadgets_23-2147656700-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-10235\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10235'>\n\t\t\t\tCorporate banking in Russia heading towards the digital\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='First-ever open banking service to help people get out of debt'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/first-ever-open-banking-service-to-help-people-get-out-of-debt\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/first-ever-open-banking-service-to-help-people-get-out-of-debt-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12980\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12980'>\n\t\t\t\tFirst-ever open banking service to help people get out of debt\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='POPin Video Banking and MEA announce collaboration'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/popin-video-banking-and-mea-announce-collaboration\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/infographic-elements-for-support_1212-31-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-10223\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/infographic-elements-for-support_1212-31-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/infographic-elements-for-support_1212-31-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/infographic-elements-for-support_1212-31.jpg 626w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10223'>\n\t\t\t\tPOPin Video Banking and MEA announce collaboration\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The banking system of Uzbekistan has adapted well to the COVID-19 crisis, particularly in matters that allow consumers to conduct banking transactions easily and safely. Here are 4 ways Uzbek financial institutions have adapted to the COVID-19 situation to help consumers: Increased mobile app functionality \u2013these apps allow for quick, easy and remote banking services &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,168],"tags":[546],"class_list":["post-15043","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-uzbekistan-fintech","tag-digitalization","bulletin_edition-06_june","bulletin_edition-fintech-2020","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15043"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15043\/revisions"}],"predecessor-version":[{"id":15045,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15043\/revisions\/15045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15044"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}