Оnline banking and improvement of development directions of banks in Аzerbaijan in modern world

Abstract

Actions and activities related to the online banking system in Azerbaijan and the direction of their development in modern times were affected by electronics, digital development trends, as well as Internet and mobile banking. Information is provided on the need to accelerate the digitalization process during the pandemic and the steps taken by the state along this path, about the problems that may arise, and how to fix these problems. At present, it is necessary to continue improving the efficiency of bank management, increasing the transparency of information on the financial condition of banks, including improving the methodology for assessing the quality of bank management by state bodies.