Fintech firms and banks sustainability: Why cybersecurity risk matters?

2021 ◽  
pp. 2150019
Author(s):  
Khakan Najaf ◽  
Md Imtiaz Mostafiz ◽  
Rabia Najaf
Keyword(s):  
Theoretical Model ◽  
Interest Rate ◽  
Emerging Market ◽  
High Demand ◽  
Financial Products ◽  
Technology Service ◽  
New Type ◽  
Market Needs ◽  
High Level ◽  
Financial Technology

In the new and evolving digitalized world, the cybersecurity threats have placed the assets and information of corporations, institutions, governments, and individuals at constant risk. Banks are not an exception. Offering the low-interest rate is becoming the fundamental strategic move of the banks to sustain. Due to the high demand for a tailored portfolio of financial products, the availability of sophisticated communication and advance transaction mechanisms lead to an emergence of a new type of competitor known as financial technology service (i.e., fintech). The collaboration between these fintech organizations and banks has recently increased to provide fine-tuned service to the consumer and satisfy emerging market needs. However, this collaboration between banks and fintech firms has triggered significant cybersecurity risk. Hence, the dilemma is whether the bank should embrace such collaboration to resuscitate the profit margin or be pragmatic, and shirk to eliminate sustainability risk? We argue that the alliance between bank and fintech firms triggers a high-level of cybersecurity risk. We propose a theoretical model and discuss various types of cybersecurity risks. The benefit (or cost-if any) of having alliance could be enormous in yielding profitability and increase sustainability if both fintech and banks collaboratively abate the cybersecurity risks.

scholarly journals Legume Beverages from Chickpea and Lupin, as New Milk Alternatives

Foods ◽  
2020 ◽  
Vol 9 (10) ◽  
pp. 1458 ◽  
Author(s):  
Mariana Lopes ◽  
Chloé Pierrepont ◽  
Carla Margarida Duarte ◽  
Alexandra Filipe ◽  
Bruno Medronho ◽  
...  
Keyword(s):  
Milk Yield ◽  
Shear Thinning ◽  
Milk Consumption ◽  
High Demand ◽  
Cooking Water ◽  
High Level ◽  
Milk Replacers ◽  
Processing Steps ◽  
By Products ◽  
Dairy Beverages

Recently, milk consumption has been declining and there is a high demand for non-dairy beverages. However, market offers are mainly cereal and nut-based beverages, which are essentially poor in protein (typically, less than 1.5% against the 3.5% in milk) and are not true milk replacers in that sense. In this work, new beverages from different pulses (i.e., pea, chickpea and lupin) were developed using technologies that enable the incorporation of a high level of seed components, with low or no discharge of by-products. Different processing steps were sequentially tested and discussed for the optimization of the sensorial features and stability of the beverage, considering the current commercial non-dairy beverages trends. The lupin beverage protein contents ranged from 1.8% to 2.4% (w/v) and the chickpea beverage varied between 1.0% and 1.5% (w/v). The “milk” yield obtained for the optimized procedure B was 1221 g/100 g of dry seed and 1247 g/100 g of dry seed, for chickpea beverage and lupin beverage, respectively. Sensory results show that chickpea beverage with cooking water has the best taste. All pulses-based beverages are typical non-Newtonian fluids, similarly to current non-dairy alternative beverages. In this respect, the sprouted chickpea beverage, without the cooking water, presents the most pronounced shear-thinning behavior of all formulations.

FUNCTIONAL PURPOSE RABBIT MEAT ROLL

2021 ◽  
pp. 132-139
Author(s):  
Zhuldyz Isakovna Satayeva ◽  
Nurbibi Sovetovna Mashanova ◽  
Ainur Bolatbekovna Nurtayeva ◽  
Erzhan Talgatuly Akimzhanov
Keyword(s):  
Nutritional Value ◽  
Meat Product ◽  
Nutritional Supplements ◽  
Physicochemical Analysis ◽  
Raw Material ◽  
Technological Parameters ◽  
New Type ◽  
Rabbit Meat ◽  
High Level ◽  
Functional Purpose

The article presents the results of the development of a new type of rabbit meat product - meatloaf. The consumption of healthy and nutritious foods rich in macro- and micronutrients, low in lipids and cholesterol, as well as various nutritional supplements, is preferable for the modern consumer. One of the promising types of meat as a dietary raw material is rabbit meat. As a result of the studies, a physicochemical analysis was carried out, the amino acid composition of rabbit meat was determined, and an organoleptic and tasting assessment of rabbit meatloaf was given. The technological scheme, the recipe is developed and the technological parameters of the meatloaf preparation are determined. It is recommended to store meatloaf no more than 10 days at a temperature of 0–2 °C with a humidity of 85-90 %. Meatloaf from rabbit meat has functional properties, contains a large number of vitamins PP – 174.3 mg, potassium minerals – 5052.8 mg, magnesium – 382.4 mg, phosphorus – 2875 mg, sodium – 8598.7 mg.The results of the nutritional and biological value of rabbit meatloaf allow us to make an informed conclusion about the high level of their nutritional value, which clearly illustrates the values of quality indicators.

Flexibility decision pathways in the management of uncertainty in property development: experience from an emerging market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Timothy Oluwafemi Ayodele ◽  
Abel Olaleye
Keyword(s):  
Emerging Market ◽  
Survey Method ◽  
Property Development ◽  
Content Type ◽  
Significant Difference ◽  
Development Experience ◽  
High Level ◽  
Stratified Analysis ◽  
Management Of Uncertainty ◽  
Practical Implications

Purpose This paper aims to investigate the flexible decision pathways adopted by development advisors in the management of uncertainty in property development. Specifically, the study examines the quantitative techniques adopted by development advisors, the level of adoption of real options analysis (ROA) vis-à-vis the level of adoption of heuristics. Finally, the types of options exercised in property development were analysed. This was with a view to providing information that could mitigate the challenges of risk and uncertainty and increasing investment failure associated with property development in Nigeria, an emerging market. Design/methodology/approach The study adopted a survey method and was conducted on development advisors in property development companies/estate surveying and valuation firms in Nigeria. A total of 195 development advisors participated in the survey. The respondents were required to rate, on a five-point Likert scale, the level of adoption of the quantitative models, heuristics and the types of flexibility exercised during development. The data were analysed using mean rating, one-sample t-test and analysis of variance. Findings The results revealed that there was a preference for the use of traditional techniques, while probabilistic appraisal models and other contemporary methods such as ROA are seldom adopted by development advisors. While there was a significantly high level of adoption of heuristics, the stratified analysis examining the profile of the respondents and the level of adoption of ROA and heuristics suggests that years of experience influenced the level of adoption of both the ROA and heuristics by the development advisors. The analysis of the types of flexibility showed that staging/phasing and changing the initial use/design were the most prevalent flexibility pathways adopted during the development. However, the study found that there was no significant difference concerning the choice of flexibility being adopted by development advisors who used ROA and those who did not. Practical implications The study provides an understanding of the decision pathways adopted by development advisors in an emerging market like Nigeria. Originality/value The paper contributes to studies on decision-making pathways in the management of uncertainty under dynamic conditions by development advisors in emerging markets.

scholarly journals PENGARUH FAKTOR-FAKTOR ETERNAL TERHADAP KELAYAKAN FINANSIAL PROYEK PEMBANGUNAN JALAN TOL

2018 ◽  
Vol 11 (2) ◽  
pp. 69
Author(s):  
Sitti Safiatus Riskijah
Keyword(s):  
Interest Rate ◽  
External Factor ◽  
Highway Construction ◽  
External Factors ◽  
Land Acquisition ◽  
Construction Time ◽  
Maintenance Costs ◽  
Financial Feasibility ◽  
Sensitivity Level ◽  
High Level

Highway construction project requires very large investment costs. Oftentimes, the highway construction encountered many obstacles, including external factors such as land acquisition which have an impact on a construction time regression, decreasing income, alteration of interest rates, and escalation of operational and maintenance costs. This study aims to determine the how much external factors influence on the financial feasibility of the highway construction.Financial analysis uses investment costs data, operational and maintenance costs, investment period, interest rate, the amount of private capital and loans, as well as the highway’s income. Determining financial eligibility criteria are based on following parameters; PP (Payback Period), NPV (Net Present value), BCR (Benefit Cost Ratio), and IRR (Internal Rate of Return). The sensitivity analysis was performed to determine the sensitivity level of external factor to financial feasibility, and impact analysis using linear regression analysis.The result of this study are as follows: 1) Judging from the financial aspects, highway construction projects are feasible due to PP < 18 years, NPV > 0 year, BCR > 1, IRR > MARR. 2) The external factor which have high level sensitivity and have positive influence (feasible) to the financial feasibility is the escalation of toll rate, while the factor with high level sensitivity yet have negative influence (infeasible) are the construction time regression, the decreasing income of land acquisition, as well as either the fallen or rising interest rate. Keywords: eexternal factors, financial feasibility, higway, influence, sensitivity level

scholarly journals The Impact of Macroeconomic Variables on Sectoral Indices in Indonesia

ETIKONOMI ◽  
2017 ◽  
Vol 16 (1) ◽  
pp. 71-80 ◽  
Author(s):  
Bambang Sutrisno
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Inflation Rate ◽  
Emerging Market ◽  
Estimation Method ◽  
Least Square ◽  
Series Data ◽  
Macroeconomic Variables ◽  
The Interest Rate ◽  
The Impact

This study aims to examine the effect of macroeconomic variables on sectoral indices in the Indonesian Stock Exchange. The difference in sensitiveness among sectors is an interesting issue to investigate this relationship in an emerging market, such as Indonesia. This study employs ordinary least square (OLS) as an estimation method with monthly time-series data from January 2005 to December 2014. The results document that the interest rate, inflation rate, and exchange rate simultaneously have a significant effect on sectoral indices in Indonesia. The interest rate partially shows a significant negative influence on all sectors except basic industry and chemical, finance, infrastructure, utilities, and transportation, and miscellaneous industry sectors. The inflation rate partially has no significant effect on all sectors. The exchange rate partially has a significant negative impact on all industries.DOI: 10.15408/etk.v16i1.4323

scholarly journals Implications of ownership identity and insider’s supremacy on the economic performance of the listed companies

2014 ◽  
Vol 11 (4) ◽  
pp. 399-411
Author(s):  
Qaiser Rafique Yasser ◽  
Abdullah Al-Mamun
Keyword(s):  
Firm Performance ◽  
Emerging Market ◽  
Research Question ◽  
Positive Influence ◽  
Theoretic Approach ◽  
Main Research ◽  
The Government ◽  
High Level ◽  
The Impact ◽  
The Relationship

We adopt a multi-theoretic approach to investigate a previously unexplored phenomenon in extant literature, namely the differential impact of ownership identity and director dominate shareholding on the performance of emerging market firms. The main research question addressed is, whether the impact of this relationship is conditional on the identity of the block investor. First, the relationship between overall block ownership and firm performance is tested by employing multiple regressions on 500 firm-year observations for the period from 2007 to 2011. Then, the block ownership is classified as the state, individuals, insiders, financial institutions, corporate and foreign investors and the influence of these identities on firm performance is examined. It was found that only the ownership categories such as the government, institutions and foreign ownership have positive influence on the firm performance. The results also indicate that high level of insider ownership also negatively associated with the firm performance. The main contribution of this paper is the examination of the relationship between block ownership and firm performance from the perspective of the identity of investors

scholarly journals THE CONCEPT OF SERVANT LEADERSHIP AS CONTEMPORARY PHILOSOPHY OF MANAGEMENT

2021 ◽  
Vol 12 (2) ◽  
pp. 45-41
Author(s):  
T. Kychkyruk ◽  
◽  
H. Salata ◽  
Keyword(s):  
Servant Leadership ◽  
Well Being ◽  
Modern World ◽  
Servant Leader ◽  
Business World ◽  
Multidisciplinary Analysis ◽  
New Type ◽  
Common Goals ◽  
High Level ◽  
Globalized World

The modern world needs a new type of leader who develops a vision of the future for his / her followers and encourages them to be ready for it. These leaders ensure changes, they are not focused that much on the behavior of their followers / subordinates and on controlling their behavior. On the contrary, they are focused on the development of initiative and support becoming the servants of those they have to lead. The concept of servant l eadership is derived from the ideas of Robert K. Greenleaf. As R. Greenleaf states, it all starts with a natural urge – the desire to serve. The motto of this thought is "A good leader is primarily a servant". The task of the leader is to achieve common goals by ensuring the well-being of followers and subordinates. Servant leadership is an attempt to become better, to become the person others would gladly follow. Such an idealistic vision of a leader as a servant is fruitful and is paid off even in a very competitive business world. A servant leader builds an organized and creative team, and this type of leadership involves the development of organizational culture which demonstrates a high level of trust. Being a servant leader means to help people overcome obstacles and get the tools and resources they need to perform better; to be an example; to facilitate the work of others; to be willing to do what others do. This model of leadership implies a "flattening" of hierarchies: a boss is a friend who listens to those who are with him/her rather than a person who decides what is best for them. This type of leadership has the powerful potential in today’s globalized world. The article aims to analyze the concept of servant leadership. The authors have used an interpretive research paradigm and multidisciplinary analysis.

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