The Digital Banking Revolution

The Digital Banking Revolution
Title The Digital Banking Revolution PDF eBook
Author Luigi Wewege
Publisher Walter de Gruyter GmbH & Co KG
Pages 152
Release 2019-12-02
Genre Business & Economics
ISBN 1547401613

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Emergent innovative financial technologies are profoundly changing the way in which we spend, move and manage our money, unlike ever before, and traditional retail banks are facing stiff competition. The global financial crisis in 2007–2009 led to large losses, and even the collapse of a significant number of established banks shaking the trust of financial customers worldwide. The Digital Banking Revolution is an insightful look at how financial technology and the rapid rise of financial technology companies have brought welcome changes offering flexibility to the banking industry. The book offers a unique perspective on the consumerization of retail banking services. It delves into the many changes that financial innovations have brought about in banking, the main financial disruptors, the new era of "banking on the go," and financial innovations from countries around the world before concluding with a discussion on the future of banking including optimizing structures, new strategies for business outcomes, and human resources in the digital era.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Title Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance PDF eBook
Author El Bachir Boukherouaa
Publisher International Monetary Fund
Pages 35
Release 2021-10-22
Genre Business & Economics
ISBN 1589063953

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century

Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century
Title Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century PDF eBook
Author Korinna Schönhärl
Publisher Springer
Pages 349
Release 2017-01-26
Genre Business & Economics
ISBN 3319420763

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This book offers 14 contributions that examine key questions in bank decision-taking,constitution of confidence in banks and risk management practices from Early Modernity to the twentieth century. It explores how the various mechanisms of bank decision taking changed over time. Chapters also analyse the types of risk management techniques used, the contributory factors to the constitution of confidence and the methods that banking historians can use to analyse and describe bankers ́ risk management and decision taking - from system theory to behavioural finance, new institutional economics to praxeology and convention theory to network analysis. The different methodological approaches are put to the test in case studies based on archive material from four hundred years of banking in order to connect banking history more closely to political and cultural history.

Stay Competitive in the Digital Age: The Future of Banks

Stay Competitive in the Digital Age: The Future of Banks
Title Stay Competitive in the Digital Age: The Future of Banks PDF eBook
Author MissEstelle X Liu
Publisher International Monetary Fund
Pages 42
Release 2021-02-19
Genre Business & Economics
ISBN 1513570056

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The latest advancement in financial technology has posed unprecedented challenges for incumbent banks. This paper analyzes the implications of these challenges on bank competitveness, and explores the factors that could support digital advancement in banks. The analysis shows that the traditionally leading role of banks in advancing financial technology has diminished in recent years, and suggests that onoing efforts to catch up to the digital frontier could lead to a more concentrated banking industry, as smaller and less tech-savvy banks struggle to survive. Cross-country evidence has suggested that banks in high-income economies appear to have been the digital leaders, likely benefiting from a sound digital infrastructure, a strong legal and business environment, and healthy competition. Nonetheless, some digital leaders may fall behind in the coming years in adopting newer technologies due to entrenched consumer behavior favoring older technologies, less active fintech and bigtech companies, and weak bank balance sheets.

Fintech

Fintech
Title Fintech PDF eBook
Author International Monetary Fund
Publisher International Monetary Fund
Pages 73
Release 2019-06-27
Genre Business & Economics
ISBN 1498321860

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The paper finds that while there are important regional and national differences, countries are broadly embracing the opportunities of fintech to boost economic growth and inclusion, while balancing risks to stability and integrity.

Innovations in the Retail Banking Industry

Innovations in the Retail Banking Industry
Title Innovations in the Retail Banking Industry PDF eBook
Author Lisa M. Sciulli
Publisher Taylor & Francis
Pages 172
Release 2024-01-26
Genre Business & Economics
ISBN 1135678936

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This research empirically validates a typology of innovations by examining the differential effects of organizational structure and environmental perceptions on the types of innovations adopted in an organization. Four types of innovations are depicted in the typology— incremental, product, process, and radical innovations.

Advances in Banking Technology and Management: Impacts of ICT and CRM

Advances in Banking Technology and Management: Impacts of ICT and CRM
Title Advances in Banking Technology and Management: Impacts of ICT and CRM PDF eBook
Author Ravi, Vadlamani
Publisher IGI Global
Pages 380
Release 2007-10-31
Genre Computers
ISBN 1599046776

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Banking across the world has undergone extensive changes thanks to the profound influence of developments and trends in information communication technologies, business intelligence, and risk management strategies. While banking has become easier and more convenient for the consumer, the advances and intricacies of emerging technologies have made banking operations all the more cumbersome. Advances in Banking Technology and Management: Impacts of ICT and CRM examines the various myriads of technical and organizational elements that impact services management, business management, risk management, and customer relationship management, and offers research to aid the successful implementation of associated supportive technologies.