IDENTIFICATION OF THE IMPACT OF OPEN BANKING DIGITAL INFRASTRUCTURE ON FINANCIAL INCLUSION IN EU COUNTRIES IN THE CONTEXT OF MACROECONOMIC AND DIGITAL DEVELOPMENT
Maulina N. Dutta A. Gabdualiyeva R. Duissenbayeva B. Khamitkhan N. Tsaurkubule Z. Kamali K.
2026Technology Center
Eastern-European Journal of Enterprise Technologies
2026#1Issue 1324 - 32 pp.
The object of the study is the financial inclusion in EU countries in the context of macroeconomic and digital development. The problem of quantitatively assessing this relationship in a broad cross-country context has been solved. The following results were obtained: – a significant cross-country divergence was identified in the level of digitalization of the financial sector, the development of ICT (information and communication technologies) infrastructure, and financial inclusion, which forms fundamentally different starting conditions for the implementation of open banking; – a strong positive correlation was established between the level of banking digitalization and the composite financial inclusion index (Pearson’s coefficient +0.894); – an increase in the banking digitalization index by one point leads to an average increase in the composite financial inclusion index by 0.498 points (p < 0.001); – for “leader” countries, the average banking digitalization index was 82.4; for countries with “medium potential” – 61.8; for countries with “basic challenges” – 48.1. The obtained results are explained by the fact that technological development of the financial sector creates prerequisites for reducing transaction costs and the emergence of innovative, non-territorially bound services. The specific features of the results lie in proving the differentiated potential of open banking: for “leader” countries, for countries with “medium potential”, for countries with “basic challenges”. The practical significance of the study lies in providing regulators and financial institutions with quantitatively grounded conclusions for developing differentiated strategies that take into account the level of readiness of the national ecosystem Copyright
banking digitalization , cluster analysis , digital divide , financial inclusion , open banking , regression model
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Higher School of Business and Economics, Al-Farabi Kazakh National University, Al-Farabi ave., 71, Almaty, 050040, Kazakhstan
Higher School of Business and Economics, Al-Farabi Kazakh National University, Al-Farabi ave., 71, Almaty, 050040, Kazakhstan
Institute of Economics, Information Technology and Professional Education, Zhangir Khan University, Zhangir Khan str., 51, Uralsk, 090009, Kazakhstan
Department of Economics and Management, K. Zhubanov Aktobe Regional University, Aliya Moldagulova ave., 34, Aktobe, 030000, Kazakhstan
Department of Finance, L. N. Gumilyov Eurasian National University, Satpayev str., 2, Astana, 010000, Kazakhstan
Department of Economics, Baltic International Academy, Valērijas Seiles str., 4, Riga, LV-1003, Latvia
Department of Economics and Management, Kazakhstan University of Innovative and Telecommunication Systems, M. Mametova str., 81, Uralsk, 090006, Kazakhstan
Higher School of Business and Economics
Higher School of Business and Economics
Institute of Economics
Department of Economics and Management
Department of Finance
Department of Economics
Department of Economics and Management
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