scholarly journals Modern methods of forming an innovation strategy of the banking sector of the economy

2019 ◽  
Vol 110 ◽  
pp. 02137
Author(s):  
Natalya Baydukova ◽  
Oksana Belyantseva ◽  
Elena Smorodina ◽  
Tatiana Sandyuk ◽  
Elena Melnikova ◽  
...  
Keyword(s):  
Banking Sector ◽  
Innovation Policy ◽  
Innovation Strategy ◽  
Credit Institution ◽  
Modern Methods ◽  
Operative Control ◽  
Innovation Strategies ◽  
The Impact ◽  
Credit Institutions

The aim of this study is to develop modern approaches to the formation of innovation strategies of credit institutions based on nontechnological innovations. As a result of the analysis of theoretical material, a conceptual model was developed for the formation of the innovation policy of credit institutions, and the impact of nontechnological innovations on the efficiency of their functioning was assessed. Based on the classification of the portfolio of innovation tools, a mathematical model has been developed and a methodology has been proposed for operative control over the process of implementing a set of innovation strategies included in the development plan of a credit institution.

The banking sector of Kursk region, its role in developing regional economy

2020 ◽  
Vol 2020 (5) ◽  
pp. 143-157
Author(s):  
Viktoriya Sergeeva
Keyword(s):  
Data Analysis ◽  
Regional Economy ◽  
Banking Sector ◽  
Local Economy ◽  
Credit Institution ◽  
Dynamic Data ◽  
Credit Portfolio ◽  
Kursk Region ◽  
Credit Institutions

The article provides the analysis of banking sector functioning in Kursk region. The purpose of the study is to determine the main advantages of regional credit institutions over large banking structures in the regional economy. Drawing on structural and dynamic data analysis, the paper reveals basic trends in developing the banking sector of the region and also determines its role in the local economy. The article examines the role of PJSC Kurskprombank as a sole credit institution in the economy of the region explored. The paper analyzes the credit portfolio of the institution against various criteria in order to determine the specifics of the Bank’s work in the field of issuing loans to customers.

scholarly journals INFLUENCE OF MODERN FINANCIAL TECHNOLOGIES ON THE INSTITUTIONAL STRUCTURE OF THE RUSSIAN BANKING SYSTEM

2019 ◽  
pp. 143-148
Author(s):  
A. V. Berdyshev
Keyword(s):  
Regression Model ◽  
Banking Sector ◽  
Banking System ◽  
Institutional Structure ◽  
Mobile Technologies ◽  
The Internet ◽  
Structural Units ◽  
The Impact ◽  
Credit Institutions

The conditions, that stimulate the development of financial technologies in the banking sector, as well as the main directions of development of mobile technologies in the banking sector, have been defined. Based on the construction of a regression model, the impact of the development of mobile technologies on the institutional composition of the Russian banking system has been assessed, indicating, that with increased usage of the Internet and mobile technologies in the process of making customer payments, the number of internal structural units of existing credit institutions is reduced.

scholarly journals Accounting for operational risk in credit institutions while improving the bank’s economic security

2020 ◽  
pp. 59-70
Author(s):  
Natalya Filimonova ◽  
Ol'ga Luskatova ◽  
Marina Roberts
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
Operational Risk ◽  
Economic Security ◽  
Credit Institution ◽  
Factors Affecting ◽  
Operational Risks ◽  
System Methodology ◽  
Credit Institutions

The article considers the economic security of the banking system as an integral part of the national security of the country. Approaches to the assessment of the concept and factors of economic security of credit institutions are studied, the state of the banking sector for the period 2018—2020 is analyzed, development problems and factors affecting the level of economic security of banks are identified. The role of accounting for operational risks in ensuring and improving the economic security of a credit institution is described using the example of Sberbank. Measures to limit operational risk are presented, and the effectiveness of proposals is calculated using the CAMELS rating system methodology.

scholarly journals Innovations as the Competitive Advantage for Small and Medium Enterprises: the Case for the Kingdom of Saudi Arabia

2020 ◽  
pp. 196-205
Author(s):  
Ahlam Otaibi Alghanmi
Keyword(s):  
Saudi Arabia ◽  
Competitive Advantage ◽  
Organizational Innovation ◽  
Small And Medium Enterprises ◽  
Vital Role ◽  
Innovation Strategy ◽  
Kingdom Of Saudi Arabia ◽  
Innovation Strategies ◽  
Medium Enterprises ◽  
The Impact

There is a lack of studies on innovations and competitiveness in Small & Medium Enterprises (SMEs) in Saudi Arabia; to fell this gap, this paper will study change as the competitive advantage for Small and Medium Enterprises: the case for the Kingdom of Saudi Arabia. The study aims to explore different practices of SMEs in the Kingdom of Saudi Arabia to examine the impact of innovation strategies (Organizational, Product, Process, and Market) on the competitive advantage of SMEs. The study was conducted on one hundred and forty-seven (147) SMEs that are practicing different activities in the Kingdom of Saudi Arabia. The study's analysis indicates that most of the enterprises were young (operation years were less than ten years), which shows the strong need to apply innovative strategies to maintain their position and competitiveness in the market. Competitive advantage enables the firm to utilize its resources efficiently and maintain high levels of quality performance. The results show that the correlation between Innovation strategies such as product innovation strategy, market innovation strategy, process innovation strategy, and organizational innovation strategy practiced by SMEs in the Kingdom of Saudi Arabia and competitiveness was Positive. Therefore, it indicates that different innovation strategies were significantly influencing the competitiveness of the SMEs. To remain a competitor enterprise in the market is not a natural or an easy attempt, and it can be challenging for SMEs, especially without the needed knowledge and support. Findings and recommendations of the study can be used as a guideline for SMEs. Also, emphasizing on the importance of education that plays a vital role in SMEs innovations. It is essential to establish with different research centers and universities in the Kingdom of Saudi Arabia programs or activities that focus on changes in business, and it will result in gaining competitive advantage and sustainability for Small and Medium Enterprises in the market. Keywords: competitive advantage, innovation, small enterprises, medium enterprises.

scholarly journals SCIENTIFIC APPROACHES TO THE CLASSIFICATION OF INNOVATIONS OF CREDIT INSTITUTIONS

2020 ◽  
pp. 155-162
Author(s):  
Natalia Mikolaivna Chiipesh ◽  
Keyword(s):  
Financial Services ◽  
Scientific Literature ◽  
Total Income ◽  
Theoretical Approaches ◽  
Main Factors ◽  
Definition Of ◽  
Implementation Of Innovations ◽  
The Impact ◽  
Credit Institutions

Abstract.Сredit institution is an important component of the country’s financial market, and lending is one of the priority places, as income from its implementation is the main share of the total income of the financial institution.Today, credit institutions are actively involved in the process of digitalization of the financial services market, developing new products for their customers. One of the main factors of successful lending is the introduction of innovations in the process of providing services by credit institutions. Therefore, it becomes important to study the areas of innovation of credit institutions, deepening the theoretical and methodological provisionsfor studying their nature, typesandfeatures of developmentand implementation of innovations in the work.The articles explore theoretical approaches to the definition of "innovation", "financial innovation". Credit innovation is singled out as a separate economic category.A study of the available in the scientific literature defined the concept of "credit innovation" asthe main object. It is analyzed that innovations in the credit services market are the result of effective innovation. It is determinedthat during scientific classes the attention of researchers is paid to the study of various aspects of credit institution’s innovations, but currently there is no generally accepted classification of creditinnovations. With this in mind, the article formulates and groups the classification features of credit innovations, namely by time, by reasons of origin, by scope, by the impact of innovation on consumer behavior, by scope, by research, by the pace of implementation, the effectiveness, efficiency and depth of changes. On these grounds, the types of innovations of credit institutions are identified and their significance is substantiated.

scholarly journals THEORETICAL APPROACHES TO THE CLASSIFICATION AND SYSTEMATIZATION OF BANKS BY BUSINESS MODELS

2021 ◽  
Vol 2 (37) ◽  
pp. 24-36
Author(s):  
V. Rudevska ◽  
N. Shvetz ◽  
O. Storozhenko
Keyword(s):  
Economic Growth ◽  
Business Model ◽  
Information Technologies ◽  
Business Models ◽  
Banking Sector ◽  
Institutional Environment ◽  
Historical Background ◽  
Theoretical Approaches ◽  
The Impact

Abstract Banking institutions are subject to change in the business model depending on external conditions, which may be due to changes in market needs and changes in the competitive environment or regulation. Depending on the business model of banks, they may react differently to the influence of external and internal factors. This situation in the future may lead to changes in the business architecture of the banking sector and  affect the country's economic growth. The article considers the approaches to the classification of banks by business models, a critical analysis of existing approaches to the classification of banks in terms of business models. A study of the systematization and classification of banks by business models found that existing approaches to classification are quite fragmentary and insufficiently expanded. The author's systematization and generalization of existing in world practice theoretical approaches to the classification of types of business models of banks, allowed to justify the author's classification of banks by their business models, which includes new classification features, including historical background and development of the institutional environment. economic processes in the state and the vector of economic growth, introduction of innovations and information technologies, range of banking products and services, development of branch network. The approach proposed in the article, in contrast to the existing ones, is comprehensive and will help the bank to choose the most optimal and effective business model that will fully take into account the impact of modern business conditions. The expanded classification that could be used at the local and international levels will harmonize the general approach, which is constantly being harmonized and regularly updated, taking into account the changing landscape of the banking sector. Keywords: bank, business model of the bank, classification of banks, cluster of banks, criteria for classification of business models. JEL Classification: G210,G20 Formulas: 0; fig.: 2; tabl.:1 ; bibl.: 16.

scholarly journals The effects of internal and external innovation strategies on process innovation in Vietnamese firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Thuy Minh Thu Phung ◽  
Dat Tho Tran ◽  
Patrick Alexander Maria Vermeulen ◽  
Joris Knoben
Keyword(s):  
Process Innovation ◽  
Innovation Strategy ◽  
Firm Level ◽  
Content Type ◽  
Logistic Regression Models ◽  
Institutional Settings ◽  
Level Data ◽  
Institutional Contexts ◽  
Innovation Strategies ◽  
The Impact

Purpose This paper aims to investigate the antecedents of process innovation to provide more alternates for Vietnamese firms as they are still struggling to find an appropriate innovation strategy. Design/methodology/approach The research analyzes the separate impacts of each innovation strategy on process innovation using logistic regression models. Data were collected using a stratified random sampling method. Findings The results show that having an innovation strategy is good for innovation, regardless of whether the strategy is internal or external. Internal and external strategies are proved not complements but substitutes. However, the internal strategy seems to be most beneficial. Weak institutional settings further strengthen the importance of internal strategies, whereas strong institutional settings favor external strategies. Originality/value This paper analyzes the impact of different innovation strategies on process innovation in Vietnamese firms using firm-level data. The findings strongly recommend that in weak institutional settings such as Vietnam, firms should focus on an internal strategy because the emphasis on external innovation strategies might be a western bias stemming from research in mostly strong institutional contexts.

Part B Merger, Reorganization, and Insolvency of Banks, 12 Cross-Border Reorganization and Winding Up of Banks

2015 ◽  
Author(s):  
Proctor Charles
Keyword(s):  
Financial Institution ◽  
European Parliament ◽  
European Economic Area ◽  
Credit Institution ◽  
European Economic ◽  
Cross Border ◽  
Economic Area ◽  
The Impact ◽  
Credit Institutions

This chapter focuses on the Directive of the European Parliament and of the Council on the Reorganisation and Winding up of Credit Institutions. It discusses the scope of the Directive; the impact of the Directive in the context of the reorganization or winding up of an EU credit institution; the consequences of the Directive in relation to the insolvency of institutions established outside the European Economic Area (EEA); and the assistance which the English courts may provide to the liquidator or receiver of a foreign financial institution.

scholarly journals Features of Assessing Bank Liquidity on the Basis of Mandatory Standards

2018 ◽  
Vol 9 (3) ◽  
Author(s):  
Oksana Zhilan
Keyword(s):  
Banking System ◽  
Effective Management ◽  
Credit Institution ◽  
Resource Base ◽  
Liquidity Management ◽  
Excess Liquidity ◽  
High Level ◽  
The Impact ◽  
Coefficient Method ◽  
Credit Institutions

Effective liquidity management is one of the key tasks of any credit institution. It is worth noting that in this area the Russian banking system has a great deal of specificity. The peculiarity is that about 70 % of the total number of credit organizations are small and medium-sized commercial banks. High dependence on external factors, high level of the resource base volatility makes this group of credit institutions a sector of high risk. In large credit institutions, liquidity management is often associated with the need of solving the problem of excess liquidity. Thus, any credit institution, depending on the specific conditions and the activity features, solves every day the task of effective management of the unbalanced liquidity risk. It is proposed to consider the features of assessing the liquidity of banks using the coefficient method (based on mandatory liquidity ratios) and assess the impact of adjustments used in calculating liquidity adjustment ratios.

scholarly journals Improving Financial Service Innovation Strategies for Enhancing China’s Banking Industry Competitive Advantage during the Fintech Revolution: A Hybrid MCDM Model

2019 ◽  
Vol 11 (5) ◽  
pp. 1419 ◽  
Author(s):  
Qun Zhao ◽  
Pei-Hsuan Tsai ◽  
Jin-Long Wang
Keyword(s):  
Decision Making ◽  
Competitive Advantage ◽  
Financial Services ◽  
Commercial Banks ◽  
Banking Sector ◽  
Banking Industry ◽  
Service Innovation ◽  
Recent Emergence ◽  
Innovation Strategies ◽  
The Impact

The recent emergence and rapid growth of new financial services by financial technology (Fintech) companies have driven banking institutions towards operational innovation in order to gain sustainable competitive advantage. This study aims to conduct an in-depth investigation of the banking sector in response to the challenges brought by Fintech startups. Based on the service innovation theory, we propose a novel hybrid multiple criteria decision-making method (MCDM) to evaluate service innovation strategies for improving the sustainability of China’s banking industry during the Fintech revolution. A six-dimensional model comprising 20 sub-criteria is constructed and both the decision making trial and evaluation laboratory (DEMATEL) technique and DEMATEL-based analytic network process (DANP) are used to explore interrelationships among the indices and their related weights. Finally, the modified VIšekriterijumsko KOmpromisno Rangiranje (VIKOR) method is employed to evaluate performance gaps in the four major types of commercial banks in China—state-owned, joint-stock, city commercial banks, and other credit cooperatives—in the field of service innovation. The improvement priorities, ranked from highest to lowest, are new business partners, new service concepts, organizational innovation, technological innovation, new customer interactions, and new revenue models. These results will provide strategies for the sustainable development of China’s banking industry and the implementation of changes in response to the impact of the Fintech revolution.

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