Cooperation in the financial services sector

2019 ◽  
pp. 417-428
Author(s):  
John Child ◽  
David Faulkner ◽  
Stephen Tallman ◽  
Linda Hsieh
Keyword(s):  
Strategic Alliances ◽  
Financial Services ◽  
Business Models ◽  
Modern Technology ◽  
Services Sector ◽  
Financial Services Sector ◽  
Software Companies ◽  
New Business ◽  
Cooperative Relationship ◽  
Relationship Of

Chapter 19 examines alliances in the financial services sector, focusing on banks as the major players. It describes how banks have traditionally formed strategic alliances with other banks and established deep networks. As such they have made themselves into the sector’s banking blocks. However, since the financial crisis of 2008 the terrain has changed and banks are facing the need to digitize and adopt modern technology to a greater degree than previously. The chapter considers the impact of digitization leading to cooperation between banks and software companies and the development of new business models based on the efficiencies digitization offers. It also looks at the cooperative relationship of banks with the new area characterized as Fintech and the emergence of new financial tools like cryptocurrencies and blockchain.

Crowdfunding y el financiamiento de pyme en Colombia

2017 ◽  
Vol 7 (12) ◽  
pp. 47
Author(s):  
Humbolth Antonio Pesca Gómez
Keyword(s):  
Business Model ◽  
Web Sites ◽  
Financial Services ◽  
Business Models ◽  
Banking Services ◽  
Services Sector ◽  
Financial Services Sector ◽  
The World ◽  
New Business ◽  
Technological Platforms

La financiación colectiva, alternativa o crowdfunding se ha catalogado como un fenómeno tecnológico, social y de emprendimiento, de muy rápido crecimiento en el sector de los servicios financieros y se proyecta como una alternativa a los servicios bancarios ofrecidos por la banca tradicional. Uno de los aspectos más destacables de este modelo financiero alternativo crowdfunding, es que es innovador, tanto en términos de modelos de negocio y de plataformas tecnológicas. Estos modelos operan exclusivamente en línea, en sitios web y se han diseñado de acuerdo a las necesidades del cliente y del inversor. Es una forma de respuesta a la coyuntura económica que sevive en el mundo, representada en el recorte de las fuentes de financiamiento a las Pyme, presentándose como una excelente alternativa en la obtención de recursos para el financiamiento de sus proyectos. Con este trabajo se busca entender el potencial de los modelos crowdfunding, como vehículo de financiación necesario para las Pyme.ABSTRACTThe collective, alternative financing or crowdfunding has been catalogued as atechnological, social and entrepreneurial phenomenon of very rapid growth in the financial services sector and is projected as an alternative to the banking services offered by traditional banks. One of the most outstanding aspects of this alternative business crowdfunding model is that it is innovative, both in terms of technological platforms and business models. These models operate exclusively online, on web sites and have been designed according to the needs of customer and investor. This new business model is a form of response to the economic situation that exists in the world, represented in cutting sources of financing to SMEs, presenting itself as an excellent alternative in obtaining resources to finance their projects. This work seeks tounderstand the potential of models crowdfunding, as a vehicle for financing necessary for SMEs. Fecha de recepción: 12 de septiembre de 2016Fecha de aprobación: 16 de noviembre de 2016Fecha de publicación: 6 de enero de 2017 

scholarly journals The Existence of Regulatory Sandbox to Encourage the Growth of Financial Technology in Indonesia

FIAT JUSTISIA ◽  
2019 ◽  
Vol 13 (3) ◽  
pp. 271 ◽  
Author(s):  
Recca Ayu Hapsari ◽  
Maroni Maroni ◽  
Indah Satria ◽  
Nenni Dwi Ariyani
Keyword(s):  
Financial Services ◽  
Business Models ◽  
Point Of View ◽  
Regulatory Regime ◽  
Services Sector ◽  
Financial Innovations ◽  
Financial Services Sector ◽  
Board Of Governors ◽  
Financial Technology ◽  
Testing Room

Bank Indonesia created an appropriate regulatory regime to drive the pace of innovation carried out by Financial Technology Providers while still applying the principles of consumer protection, risk management and prudence. One of the efforts made by Bank Indonesia was by issuing provisions concerning a regulatory sandbox for Financial Technology Providers along with their products, services, technology and/or business models in a Board of Governors Member Regulation No 19/14/PADG/2017 on the Limited Technology Testing Room (Regulatory Sandbox) Financial Technology. Meanwhile, the Financial Services Authority also issued regulation regarding the Regulatory Sandbox for Financial Technology Organizers in Financial Services Authority Regulation No. 13 / POJK.02/2018 on the Digital Financial Innovations in the Financial Services Sector. The main point of view to be analysed is the existence of regulatory sandbox approach held by Bank Indonesia and the Financial Services Authority as an effort to encourage the growth of Financial Technology in Indonesia.

scholarly journals Singapore

2019 ◽  
Vol 19 (229) ◽  
pp. 1
Author(s):  
Keyword(s):  
Technological Innovation ◽  
Financial Institutions ◽  
Financial Services ◽  
Business Models ◽  
Financial Sector ◽  
Efficient Manner ◽  
Services Sector ◽  
Financial Services Sector ◽  
The Impact ◽  
Innovation And Change

Fintech developments hold the promise of having a far-reaching impact on the Singaporean financial services sector, bringing both opportunities and new risks. Technological innovation is one of the most influential developments affecting the financial sector. While fintech promises opportunities for new entrants and incumbents, innovation and change introduce new risks for clients, financial institutions (FIs) and the system. Early indications suggest that while a significant amount of activity has taken place across the financial services landscape, the impact is largely characterized as helping incumbents deliver financial services in a more efficient manner as opposed to disrupting existing business models. Nonetheless, disruption could be around the corner.

Protection of Customers for Management of Digital Banking Services (Study at PT. BRI Unit Boyolali)

2020 ◽  
Vol 3 (2) ◽  
pp. 170
Author(s):  
Herdian Ayu Andreana Beru Tarigan ◽  
Darminto Hartono Paulus
Keyword(s):  
Information Technology ◽  
Financial Services ◽  
Banking Industry ◽  
Service Innovation ◽  
Quality Of Services ◽  
Legal Research ◽  
Banking Services ◽  
Services Sector ◽  
Financial Services Sector

<p>Increasing competition in the Indonesian banking industry has encouraged many banks to improve the quality of services to customers by utilizing information technology developments. Service innovation in the use of information technology encourages banks to enter the era of digital banking services. However, the development of digital banking services also increases the risks faced by banks. The purpose of this study is to provide an overview of the implementation of digital banking services and customer protection for risks from digital banking services. The method used in this study is an empirical legal research method. The results of this study indicate that the implementation of digital banking services is regulated by OJK Regulation No.12/POJK.03/2018. The existence of this OJK Regulation is expected by banks as providers of digital banking services to always prioritize risk management in the use of information technology. In addition, this study also shows the existence of 2 types of customer protection for the use of digital banking services, namely preventive protection in the form of legislation related to customer protection in the financial services sector and repressive protection in the form of bank accountability for complaints from customers using digital banking services.</p>

scholarly journals The Interplay between Board Characteristics, Financial Performance, and Risk Management Disclosure in the Financial Services Sector: New Empirical Evidence from Europe

2021 ◽  
Vol 14 (2) ◽  
pp. 79
Author(s):  
Gratiela Georgiana Noja ◽  
Eleftherios Thalassinos ◽  
Mirela Cristea ◽  
Irina Maria Grecu
Keyword(s):  
Risk Management ◽  
Financial Performance ◽  
Financial Services ◽  
Structural Equation ◽  
Supervisory Board ◽  
Fiscal Year ◽  
Services Sector ◽  
Board Characteristics ◽  
Financial Services Sector ◽  
Thomson Reuters

This paper empirically evidences the role played by board characteristics (skills, diversity, structure, independence) in supporting risk management disclosure and shaping the financial performance of European companies operating in the financial services sector. We exploit data selected from Thomson Reuters Eikon database in 2020 for the last fiscal year 2019 (FY0) on a longitudinal sample of 144 companies with the head offices in Europe (25 countries). Following an original empirical approach based on two modern financial econometric techniques, namely structural equation modelling (SEM) and network analysis through Gaussian graphical models (GGMs), the research endeavor outlines the decisive importance of an optimal board size, enhanced management skills, upward gender diversity (encompassed by women participation on board management), and structure (mainly a two-tier type, one management board, and a distinctive supervisory board) as fundamentals of risk management strategies, leading to improved financial achievements and a higher profitability for the analyzed companies.

scholarly journals Customers’ Intentions to Switch to Internet-Only Banks: Perspective of the Push-Pull-Mooring Model

2021 ◽  
Vol 13 (14) ◽  
pp. 8062
Author(s):  
Cheolho Yoon ◽  
Dongsup Lim
Keyword(s):  
Financial Services ◽  
Structural Equation ◽  
Information Technologies ◽  
Business Models ◽  
Internet Banking ◽  
Equation Modeling ◽  
Research Model ◽  
Financial Industry ◽  
Banking Services ◽  
New Business

The advent of fintech is blowing a new wind into the financial industry. New business models have been created and consumers’ access to financial services is higher than ever. Internet-only banks based on advanced information technologies have emerged as a leader in the fintech industry, and these banks are fiercely competing with large banks using internet banking as a weapon to attract new customers. The purpose of this study is to explore the factors that influence customers’ intention to switch to internet-only banking services from traditional internet banking services in Korea. To this end, a research model was developed based on the push-pull-mooring model (PPM), which is a migration theory. The research model was analyzed using partial least squares structural equation modeling (PLS-SEM). The findings will provide the practitioners of the new internet-only bank with strategic guidance for attracting new customers and help practitioners of traditional banks to retain current customers.

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