Impact of Implementing the Open Banking System in Uzbekistan on Financial Inclusion and Competitive Environment

This article analyses the economic efficiency of introducing the Open Banking model in Uzbekistan’s financial system, its impact on financial inclusion and the transformation of the banking sector's competitive environment. Research findings indicate that full implementation of Open Banking infrastructure can increase SME access to formal financial services by 40-55%, reduce credit costs by 15-22%, and grow new FinTech operators’ market share to 12% within three years.