Enhancing Regulating, Overseeing, and Consumer Protection in Fintech to Achieve Appropriate Financial Innovation

Mokhinur  Bakhramova

doi:10.17605/cajssh.v6i2.1171

Authors

Mokhinur Bakhramova Acting Associate Professor of the Department of "English law and EU Law" at Tashkent State University of Law, Doctor of Law (DSc), Uzbekistan

DOI:

https://doi.org/10.17605/cajssh.v6i2.1171

Keywords:

financial technology, regulatory frameworks, innovation, consumer protection, financial security, regulatory testing, principle of balance, neutrality

Abstract

This article makes an analysis of regulatory strategies for responsible fintech innovation through an international best practices comparison. This study examines balanced regulation that ensures necessary prudential safeguards with the fostering of innovation, covering key principles and policy frameworks in this regard. The paper suggests recommendations to advance fintech regulations, supervision, and consumer protection in Uzbekistan, based on global experiences. It will help policymakers to develop a fintech ecosystem that is inclusive, promotes efficiency and competitiveness, and contributes to economic growth while mitigating the associated risks.

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