DOI: https://doi.org/10.36719/2663-4619/114/312-315
Sibel Hasanova
The Academy of Public Administration under the
President of the Republic of Azerbaijan
Master student
https://orcid.org/0009-0000-3868-6966
sibel.hsnva999@gmail.com
How the Implementation of New IT Solutions Increases Bank Profitability
Abstract
In the modern era, increasing competition in the banking sector makes the implementation of new IT solutions essential. Innovative technologies such as cloud computing, artificial intelligence, blockchain, and big data analytics enhance operational efficiency, reduce costs, and improve customer experience. Automation and digital banking solutions reduce the need for human resources, enabling faster and more secure services. As a result of these advancements, banks experience higher profitability, an expanded customer base, and more effective risk management.
Keywords: IT solutions, bank profitability, digital transformation, artificial intelligence, cloud technologies, blockchain, automation, digital banking, customer experience, risk management