The Development of Financial Science and Technology Based on Matrix Algorithm and the Digital Strategic Transformation of Commercial Banks

Author(s):  
Fubo Wang ◽  
Yuanyuan Liu
2021 ◽  
Vol 13 (19) ◽  
pp. 11028
Author(s):  
Lihua Zuo ◽  
Jack Strauss ◽  
Lijuan Zuo

The COVID-19 epidemic has accelerated the digital economy’s pervasiveness throughout the Chinese economy, leading to a sharp rise in demand for “contactless” services in the financial industry. We examine the digital transformation of the Chinese banking industry using the DEA–Malmquist index method, supplemented by a distance function and time to compare the dynamic changes of productivity. Our paper then conducts an empirical study on the digital transformation of Chinese commercial banks based on their improvements in efficiency. We analyze banks with superior efficiency in science and technology investment and evaluate their digital maturity and digital transformation experience. Results show that digitalization investment has contributed to substantial production efficiency improvement for commercial banks; however, heterogeneity exists across banks. We further advocate a path for banks’ digital transformation based on theoretical research and empirical digital transformation experience in this area.


1962 ◽  
Vol 14 ◽  
pp. 441-444 ◽  
Author(s):  
J. E. Geake ◽  
H. Lipson ◽  
M. D. Lumb

Work has recently begun in the Physics Department of the Manchester College of Science and Technology on an attempt to simulate lunar luminescence in the laboratory. This programme is running parallel with that of our colleagues in the Manchester University Astronomy Department, who are making observations of the luminescent spectrum of the Moon itself. Our instruments are as yet only partly completed, but we will describe briefly what they are to consist of, in the hope that we may benefit from the comments of others in the same field, and arrange to co-ordinate our work with theirs.


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