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  • Narziev O.S. Tashkent State Universityof Law, Uzbekistan
  • Nabiraeva Z.A. Tashkent State Universityof Law, Uzbekistan


Artificial Intelligence, Fin-Tech (Financial Technology), Blockchain, Smart Contracts, Robo-Advisors


This article discusses the development of the legislation of the Republic of Uzbekistan in the field of artificial intelligence, financial technologies, machine learning and provides suggestions for their improvement, as well as describes modern financial technologies "Fin-Tech". Financial technology is explored in various financial sectors, including blockchain systems, and their divisions, such as smart contracts and algorithmic money management robo-advisors. Financial technology offers opportunities such as lower costs, improved financial products and services, greater access to credit and financial services, and new risks and challenges for regulators, which means creating laws that accurately account for new technology and go hand in hand with evolving innovations. Recently, online platforms have become a popular way to invest. Robo-advisors are a new way to manage assets. They make it easier and cheaper to automate investment decisions and increase access to wealth management services. The financial industry is constantly adopting new technologies to provide financial services in cheaper and more efficient ways. Some examples of technological innovations in finance include ATMs, mobile payments and blockchain - based trade finance. Currently, the technological breakthrough has reached the field of wealth management services, where automated financial advisors, known as robo-advisors, are beginning to compete with human advisors. Investing through automated online platforms known as robo-advisors is becoming increasingly popular. Financial technology is in its infancy, and researchers are just beginning to understand the implications of how it will change the financial industry. As these automated services proliferate, regulators will need to take a more active role in assessing minimum competence, protecting users, and ensuring access to high-quality data.




How to Cite

O.S., N., & Z.A., N. (2023). DEVELOPMENT OF MODERN INNOVATIVE TECHNOLOGIES IN THE REPUBLIC OF UZBEKISTAN. International Conference on Frontiers in Academic Research, 1, 568–571. Retrieved from