Chinese Firms’ Move to the Forefront in Digital Technologies

2021 ◽  
pp. 592-609
Author(s):  
Jiang Yu ◽  
Yue Zhang
Keyword(s):  
Information Technologies ◽  
Business Models ◽  
Consumer Electronics ◽  
Payment Systems ◽  
Catching Up ◽  
Technology Products ◽  
Complex Technology ◽  
Market Leadership ◽  
Supercomputer Systems ◽  
Open Strategy

In the past two decades, China has achieved impressive progress and built competence in digital technology–enabled products, processes, business models, and hyperscale e-infrastructure. Driven by the globally largest internet user scale and fast catching up of information technologies, China’s strategy has been transformed from survival to growth and is transforming to market leadership. Now China has built its competence not only in telecommunication, consumer electronics, and PCs but also in some complex technology products like supercomputer systems. China has also witnessed the rise of hyperscale internet giants and the establishment of super e-commerce and mobile payment systems. However, there are still some great challenges that need to be overcome in some “bottleneck” technologies like the semiconductor and software sectors. China is thus seeking ways to move beyond the “global factory” model and cultivate its own technology-intensive industries and innovation capabilities. In the future, it is critical to maintain an open strategy among fierce global competition.

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.

IMPROVING THE EFFICIENCY OF USING INFORMATION AND COMMUNICATION TECHNOLOGIES IN THE BANKING SYSTEM

2021 ◽  
Vol 4 (4) ◽  
pp. 41-46
Author(s):  
Ra’no Parpieva ◽  
◽  
Nafisa Norboyeva ◽  
Adiba Turayeva
Keyword(s):  
Information And Communication Technologies ◽  
Information Technologies ◽  
Banking Sector ◽  
Banking System ◽  
Modern Society ◽  
Communication Technologies ◽  
Payment Systems ◽  
Information And Communication ◽  
Effective Use ◽  
The Impact

This article will serve to select the system required for the effective use of information and communication technologies in the banking system and the impact of national payment systems in the banking sector on modern society, the effective use of new modern information technologies in the system.Study of foreign experience to select information and communication technologies that should be used in modern banks with information and communication technologies in the banking system, which have been used before.

Ultrajet Mesodiagnostic Probabilistic Model for Surface Layer’s Variable Defectiveness of Complex Technology Products

2021 ◽  
Vol 882 ◽  
pp. 289-295
Author(s):  
Andrey Leonidovich Galinovskiy ◽  
Aleksandr Aleksandrovich Barzov ◽  
Mary Alekseevna Prokhorova
Keyword(s):  
Surface Layer ◽  
Sufficient Conditions ◽  
Calculated Data ◽  
Hydrodynamic Effect ◽  
Topographic Features ◽  
Technology Products ◽  
Complex Technology ◽  
Materials Used ◽  
Necessary And Sufficient

Technologically, ultrajet mesodiagnostics (UJM) consists of local hydroerosive indentation by ultrajets (UJ) of water on the surface of the analyzed object (OA) and the subsequent study of the results of this minimally invasive microdestructive effect on its surface layer. Obviously, mathematical models’ construction of the functional relationship between the informative-physical signs of hydroerosive UJ destruction and the surface layer’s state parameters of various OA, primarily their defectiveness, is very important for the development of this potentially promising technology for ensuring the quality of critical products, mainly aviation and other industries. In this regard, the work proposes a probabilistic UJM model, which consists of analyzing the kinetics of the formation of an aggregate set of eroded particles, as a process caused by a combination of appropriate necessary and sufficient conditions for its implementation. The former include the topographic features of the microdefectiveness’ characteristics of the surface layer material, and the latter consist of a certain variational-force hydrodynamic effect of the diagnostic UJ on it. This approach made it possible to obtain calculated data related to probabilistic distribution of the UJ-eroded particles’ sizes of hypothetical OA, as a coordinate function describing the microdefects’ concentration in its surface layer. These functions are close to the available results of experimental UJM of typical and promising materials used in the manufacture of machinery technology.

scholarly journals Transformation of digitalization system of business processes at VTB Bank, PJSC

2021 ◽  
Vol 2021 (2) ◽  
pp. 70-79
Author(s):  
Viktoria Valerievna Mandron ◽  
Nikita Sergeevich Budaev ◽  
Alice Aleksandrovna Pototskaya ◽  
Tatiana Nikolaevna Sidorina
Keyword(s):  
Financial Services ◽  
Information Technologies ◽  
Business Models ◽  
Business Processes ◽  
Banking Sector ◽  
Financial Institution ◽  
Block Diagram ◽  
It Architecture ◽  
The People ◽  
Technological Platform

The article is focused on the increasing role of modern information technologies in banking sector. Today, the informatization process includes not only developing a safe and modern infrastructure, networks, data processing centers, but also creating the so-called digital economy on the basis of this infrastructure, which will bring new sources of income to the state and the people. The banking sector of the Russian Federation is most actively involved in the process of solving this problem. The development of automated business processes in VTB Bank (PJSC) is considered in detail. There is presented an overview of the bank's information technologies in such key areas as artificial intelligence, big data analysis, machine learning, virtual and augmented reality, optical recognition, robotics, robotization of process, blockchain, and chat bots. The dynamics of the main indicators of a financial institution activity is analyzed, an assessment of indicators characterizing the dynamics of changes in capital, net profit and profitability of the bank is presented. It has been stated that the strategic directions for the development of business processes in VTB Bank (PJSC) are constructing an advanced operational and technological platform, increasing the level of digitalization of the banking business, leadership in the financial services market in a number of ecosystems, developing a highly productive organization and culture, as well as growing the customer-centricity of business models. The block diagram of the VTB Bank transformation for 2020–2022 and the target version of the IT architecture of the bank have been illustrated. Changes in the IT architecture are one of the stages of the bank's digital transformation strategy. According to the objectives of the strategy of VTB Bank (PJSC), 100% of financial services should become available to customers online.

scholarly journals Management of ICT Implementations in Enterprises in Poland

2019 ◽  
Vol 8 ◽  
pp. 61-75
Author(s):  
Bogusława Ziółkowska
Keyword(s):  
Information Technologies ◽  
Business Models ◽  
Business Processes ◽  
Value Added ◽  
Digital Transformation ◽  
Social Consequences ◽  
Resource Configuration ◽  
Strategic Approach ◽  
The Face ◽  
Distance Communication

In order to develop and be competitive, modern enterprises, which function in an environment that is globalised, dynamic and subject to strong digitalisation pressure, need to implement information technologies in a way that will allow them, as they achieve further levels of virtualisation, to maintain, and even enhance, their ability to create value added. As business activity is moved to a space shaped by computers and IT networks and distance communication tools and forms are developed, the importance of establishing contacts and relations in the organisation and execution of value-creation business processes increases. Digitalisation of the economy and society is one of the most dynamic changes of our times, opening up new opportunities to create business models, while bringing uncertainty and various threats connected, among other things, with social consequences of the automation of production processes and security in a broad sense. The aim of the presentation is to indicate areas of activity in which information technologies are most often implemented in enterprises in Poland as well as managers' strategic approach to this problem in the face of digital transformation. The paper presents the level of Polish enterprises’ engagement in the process of digital transformation and shows how the progress in terms of implementation of modern ICT in the aspect of customer contacts, managing and executing contacts with suppliers and recipients and resource configuration, impacts the effectiveness of the enterprises surveyed.

scholarly journals Social Service (PKM) at Binakheir Kindergarten in Sentul, Bogor (E-Commerce Training for Product Marketing)

2020 ◽  
Vol 1 (2) ◽  
pp. 110-114
Author(s):  
Ahmad Suryadi ◽  
Novrita Mulya Rosa ◽  
Reko Syarif Hidayatullah
Keyword(s):  
Information Technology ◽  
Information Technologies ◽  
Online Store ◽  
Technology Products ◽  
Before And After ◽  
Service Activity ◽  
Evaluation Stage ◽  
Online Stores ◽  
Material Preparation ◽  
Implementation Stage

Information technology not only affects an information system, but also affects everyday life. These influences include lifestyles that begin to change along with the growth of information technology products. One of the information technologies applied in the marketing world is the application of popular e-commerce based marketing media. The problem found at Binakheir Kindergarten was that the income of teachers and staff was still insufficient to meet their daily needs. Referring to this matter, the enthusiasm in carrying out tasks was reduced. The next problem encountered was that teachers do not understand and do not have any skill in creating and managing an online store. This community service activity was carried out with the aim of increasing knowledge and improving teachers’ skills in entrepreneurship and utilizing e-commerce as a medium for marketing the products they sell. The preparation stages applied in this activity consisted of partner surveys, licensing and material preparation. While the implementation stage of this activity included the socialization method of program introduction presentations, discussions and the practice of creating and managing an online store. The evaluation stage of this activity aimed to determine the ability of partners before and after the training. The results of this conducted activity indicated that there was an interest in entrepreneurship that arises from partners and an increase in partners’ knowledge and skills in creating and managing online stores. Abstrak Teknologi Informasi tidak hanya mempengaruhi sebuah system informasi, namun memiliki pengaruh dalam kehidupan sehari-hari, gaya hidup mulai berubah seiring dengan pertumbuhan produk-produk teknologi informasi yang semakon berkembang. Impementasi teknologi informasi dalam dunia pemasaran, salahsatunya melalui penerapan media pemasaran berbasis e-commerce popular. Permasalahan yang ditemukan di Pra TK / TK Binakheir yaitu penghasilan para guru dan staf yang belum cukup untuk memenuhi kebutuhan keseharian mereka. Hal ini menyebabkan berkurangnya semangat dalam menjalankan tugas. Permasalahan berikutnya adalah guru belum memahami dan memiliki ketrampilan dalam pembuatan dan pengoperasionalan toko online. Tujuan kegiatan pengabdian masyarakat ini adalah untuk menambah pengetahuan dan meningkatkan ketrampilan guru dalam berwirausaha dan memanfaatkan e-commerce sebagai media pemasaran produk yang mereka jual. Tahap persiapan terdiri dari survey ke mitra, perijinan dan penyiapan meteri Tahap pelaksanaan menggunakan metode sosialisasi presentasi pengenalan program, diskusi dan praktik pembuatan dan pengoperasionalan toko online. Tahap Evaluasi kegiatan bertujuan untuk mengetahui kemampuan mitra sebelum dan sesudah pelatihan. Hasil dari kegiatan adalah timbulnya minat berwirausaha dari mitra dan erjadinya peningkatan pengetahuan dan keterampilan mitra membuat dan mengelola toko online.

Legal Framework for the E-Taxation in Turkey

2013 ◽  
pp. 165-180 ◽  
Author(s):  
Günes Çetin Gerger
Keyword(s):  
Information Technologies ◽  
Legal Framework ◽  
Current Situation ◽  
Legal Regulations ◽  
Legal Basis ◽  
Payment Systems ◽  
Turkish Republic ◽  
Automation Systems ◽  
Electronic Recording ◽  
Taxation System

This study analyzes the legal framework of e-taxation in the Turkish Republic. Tax service is commonly provided by using ICT in many countries. In e-government applications in Turkey, provision of e-tax service is one of the leading projects. Among the members of OECD, electronic tax return, payment systems and tax automation systems generated in this area have gained an increasing importance. Taxpayers fill the declarations electronically and also pay tax debts without going to the tax offices. E-taxation system is becoming widespread in Turkey. Implementation of the system in Turkey started in 1998 with VEDOP I and continued with 2004 VEDOP II and 2007 VEDOP III Projects. These applications are legislated by the Tax Procedure Law in Turkey. Thus, legal regulations on electronic recording are established on a legal basis. In this study, e-government tax applications in the Turkish Tax Law (e-tax return, e-books, e-signature, e-audit) and legal base of this application is examined. Information is given on how it is implemented by means of information technologies in Turkey. The main purpose of the study is to examine what legal regulations were enacted for registering and taxation in the use of information technologies and to determine the current situation in Turkey.

Agents and Payment Systems in E-Commerce

2011 ◽  
pp. 99-103
Author(s):  
Sheng-Uei Guan
Keyword(s):  
Credit Card ◽  
Business Models ◽  
New Technologies ◽  
Mobile Internet ◽  
The Internet ◽  
Open Market ◽  
Payment Systems ◽  
Agent Based ◽  
Payment Scheme ◽  
Payment Schemes

An emerging outcome of the popularization of the Internet are electronic commerce and payment systems, which present great opportunities for businesses, reduce transaction costs, and provide faster transaction times. More research has been conducted with new technologies like mobile Internet used by business models (Baek & Hong, 2003). However, before using the Internet, it is essential to provide security in transferring monetary value over the Internet. A number of protocols have been proposed for these secure payment systems, including NetBill, NetCheque, Open Market, iKP, Millicent, SET (Sherift, 1998), E-Cash (Brands, 1995), NetCash, CAFÉ (Mjolsnes, 1997), EMV cards (Khu-Smith & Mitchell, 2002), etc. These systems are designed to meet diverse requirements, each with particular attributes. Automation and intelligence is another issue that poses challenges in the development of e-commerce. Agent technology has been incorporated into the area of e-commerce to provide automation and intelligence for the e-trade process. An agent is a software program capable of accomplishing tasks autonomously on behalf of its user. Agents must provide trustworthy consistency and fault tolerance to avoid eavesdropping and fraud. Also, agents should have roaming capability so as to extend their capability well beyond the limitations of owners’ computers. To meet these requirements, this chapter will discuss some related components under the SAFER (Secure Agent Fabrication, Evolution, and Roaming) architecture (Zhu & Guan, 2000) and propose an agent-based payment scheme for SAFER. Different types of electronic payment systems have been developed to meet its diverse requirements, which generally include integrity, authorization, confidentiality, availability, and reliability for security requirements (Asokan, 1997). Payment systems can be classified in a variety of ways according to their characteristics (Dahab & Ferreira, 1998), such as the exchange model (cash-like, check-like, or hybrid), central authority contact (online or offline), hardware requirements (specific or general), payment amounts (micropayment), etc. Among the available payment schemes in the market, E-Cash is one of the best in terms of security, flexibility, and full anonymity. E-Cash is a cash-like online system that uses electronic coins as tokens. E-Cash has unique advantages, such as flexibility, integrity, and full anonymity that cannot be found in electronic check and credit card based systems. It uses cryptographic techniques to provide full anonymity. The agent-based payment scheme for SAFER adopts some similar principles and concepts of E-Cash.

Securing Financial Inclusiveness Adoption of Blockchain FinTech Compliance

2022 ◽  
pp. 168-196
Author(s):  
Heru Susanto ◽  
Fahmi Ibrahim ◽  
Rodiah ◽  
Didi Rosiyadi ◽  
Desi Setiana ◽  
...  
Keyword(s):  
Cyber Security ◽  
Financial Services ◽  
Business Models ◽  
Service Providers ◽  
Personal Data ◽  
Financial Service ◽  
Management Approach ◽  
Security Risk ◽  
Payment Systems ◽  
Major Target

Financial technology (FinTech) as part of financial inlcussion changes conventional business models to be information technology minded. The presence of FinTech in the wider community makes it easy for access to financial service products and transactions and payment systems more practically, efficiently, and economically. Unfortunately, as the security risk in transacting increases, cyber security in the financial services industry and FinTech service providers is considered a major target by cybercriminals. This study proposed a security management approach through hybrid blockchain method implemented through flask framework and encryption to protect transaction data. The results are promising. Referring to accuracy, this study successfully reduces data leakage and misuse of personal data and financial data in FinTechs.

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