Financial Technology Development Framework for Prosperity of the Nation and Potential Direction

2021 ◽  
Author(s):  
Muharman Lubis ◽  
Muhardi Saputra ◽  
Widyatasya Agustika Nurtrisha
Keyword(s):  
Technology Development ◽  
Development Framework ◽  
Financial Technology

Understanding the Technology Development Process at the Early Standardization Stage

2014 ◽  
Vol 12 (2) ◽  
pp. 1-20 ◽  
Author(s):  
Vladislav V. Fomin ◽  
Hanah Zoo ◽  
Heejin Lee
Keyword(s):  
Content Analysis ◽  
Software Defined Radio ◽  
Development Process ◽  
Technology Development ◽  
Weak Link ◽  
Early Stage ◽  
Radio Spectrum ◽  
Theoretical Frameworks ◽  
Development Framework ◽  
Practical Usefulness

This research is aimed at developing a document content analysis method to be applied in studies of standardization and technology development. The proposed method integrates two theoretical frameworks: the co-evolutionary technology development framework and the “D-N-S” (Design, Negotiation, Sense-making) framework for anticipatory standardizing. At the backdrop of complex and diversified landscape of science and R&D efforts in the technology domain, and the repeated criticism of the weak link between R&D initiatives and standardization, it is argued that the method offered in this work helps to better understand the internal dynamics of the technology development process at the early stage of standardization or pre-standardization, which, in turn, can help mobilize and direct the R&D initiatives. To demonstrate the practical usefulness of the proposed method, this paper conducts a content analysis of the research contributions presented in the COST Action IC0905 “Techno-Economic Regulatory Framework for Radio Spectrum Access for Cognitive Radio/ Software Defined Radio” (COST-TERRA).

scholarly journals Financial Technology in Banking Business: Realities and Prospects

2021 ◽  
Vol 1 (47) ◽  
pp. 134-142
Author(s):  
Y. S. Khudolii ◽  
◽  
M. O. Khalievina ◽  
Keyword(s):  
Financial Services ◽  
Customer Value ◽  
Technology Development ◽  
Internet Users ◽  
Global Pandemic ◽  
Digital Development ◽  
Banking Business ◽  
National Bank ◽  
Money Transfer ◽  
Financial Technology

The article aims at studying the place of and prospects for financial technology development in the banking business during the digitalization process in the economy by using both the theoretical and empirical research methods. Having analyzed research works on the topic, the authors systematize the key trends in banking innovations in Ukraine and prove the relevance of financial technology in the banking business during the current digitalization. As a result, the current place of financial technology in the banking business is determined by identifying modern customers’ needs and current market conditions in the field of money services (the growing number of Internet users, gadgets, and hence the growth of the cashless money transfer turnover), and the following prospects are suggested: customer value and the quality of service provisioning (i.e., quickness, flexibility of the business structure and extensive use of various technologies). The results are based on the synthesis and analysis of the achievements of financial technology companies in the Ukrainian and world markets, their cooperation with banks, as well as their actions in the global pandemic, the latter reducing the financial inflow, but at the same time encouraging innovations. Research prospects in this context lie in suggesting the key trends of the future, such as including financial services in non-financial relations, the Internet of Things (seamless payments, where the focus shifts from payment to the service itself, providing long-term interaction between the seller and the buyer); the nature and consequences of changing the format of payment services in the domestic market (PSD2). Still, much will depend on further results of the work of the Ministry of Digital Transformation of Ukraine and the actions of the regulator, i.e. the National Bank of Ukraine, concerning the digital development of the financial sector

scholarly journals Financial Technology: Development of Innovative Fintech Start-Ups and Its Application in Banking System of Uzbekistan

2021 ◽  
Vol 8 (9) ◽  
pp. 214
Author(s):  
Shamsiddin Amanullaevich Allayarov ◽  
Maktuba Ravshanova
Keyword(s):  
Financial Stability ◽  
Banking Sector ◽  
Technology Development ◽  
Banking System ◽  
Industrial Sector ◽  
Economic Relations ◽  
Banking Market ◽  
Economic Growth Rates ◽  
Start Ups ◽  
Financial Technology

In the context of globalization, labor migration, trade and capital movements, tourism, foreign investment, IT are affected by the economic growth rates of countries. Periodic disclosure of reforms in the new Uzbekistan, the beginning of socio-economic relations provided opportunities for modernization, technical and technological re-equipment of the industrial sector. In particular, the need for financial technology in commercial banks is important to conduct research in this area. The influence of fintech is beginning to be felt in the banking sector and capital markets. This article surveys its development and its impact on efficiency, banking market structure, strategies of incumbents and entrants, and financial stability.

Enterprise Car Service Management System Design Based on MVC Framework

2014 ◽  
Vol 529 ◽  
pp. 735-738
Author(s):  
Yin Fei Dai ◽  
Dan Shao
Keyword(s):  
Human Error ◽  
Service Management ◽  
Technology Development ◽  
System Development ◽  
Mvc Pattern ◽  
Development Framework ◽  
Scripting Language ◽  
And Control ◽  
Jsp Technology ◽  
Control Layer

The goal of the system is to improve the efficiency of automotive service management , to make the information management standardized,and to make the statistics and scientific inquiry rapadly, thereby reducing the workload of management and human error. Using JSP technology development process, and try to use jQuery technology to make the system more attractive. Meanwhile, add the page scripting language JavaScript for the necessary information to fill in when the check, use the MVC pattern to build the overall system development framework, to ensure that the view layer and control layer separation.

scholarly journals Some Thoughts on Innovation and Regulation of Financial Technology

2021 ◽  
Vol 13 ◽  
pp. 127-132
Author(s):  
Zhuoying Li
Keyword(s):  
Artificial Intelligence ◽  
Financial Markets ◽  
Information Technologies ◽  
Financial Regulation ◽  
Technology Development ◽  
Regulatory Agencies ◽  
Financial Risks ◽  
Innovative Development ◽  
Financial Industry ◽  
Financial Technology

The recent years witness innovative development of financial industry, which attributes to fast progress and in-depth application of information technologies such as big data, artificial intelligence, and blockchain. But, at the same time, they bring challenges to financial regulation and accelerate rise of regulatory technology. Based on challenges to regulatory agencies brought by financial technology development, this study proposes suggestions for the coordinated relationship between financial innovation and financial technology regulation from the perspective of technology empowerment, in order to improve efficiency of financial markets, and reach a balance between financial technology and prevention of systemic financial risks.

scholarly journals The Influence and Application of Artificial Intelligence &Blockchain on Financial Service

2018 ◽  
Vol 9 (3) ◽  
pp. 45-54
Author(s):  
Shu-Han Chang ◽  
Chien-Ping Shih
Keyword(s):  
Artificial Intelligence ◽  
Technology Development ◽  
Rapid Development ◽  
Science And Technology ◽  
Financial Service ◽  
Financial Industry ◽  
Service Model ◽  
Mobile Payments ◽  
Technology Industry ◽  
Financial Technology

Abstract The advances in science and technology have benefited many industries. In recent years, we have witnessed the rapid development of financial technology. All of them worked hard in this area, such as Amazon, UPS, and Wal-Mart International. In China, leading e-commerce platforms such as Alibaba and Tencent actively provided services to SMEs in their ecosystems; Taiwan also make efforts to develop it. The emergence of networking account scientific and technological AMIS provides various payment companies, lending platform, financial robots. Although Taiwan’s innovation industry faces many restrictions on its development, it will still go through it. Therefore, Taiwan has continued to update laws and regulations related to financial technology. The latest rule “Financial Science and Technology Development and Innovation Experiments Regulations” regards the development of Taiwan’s financial technology. FinTech has gradually replaced the traditional financial service model. Through mobile payments, cloud platforms, and artificial intelligence, the technology industry has gradually penetrated into the financial industry. We are willing to make more progress in Taiwan’s financial technology to deepen the understanding of FinTech as a study.

Analysing a Design and Technology Development Framework Through the Implementation of a Prototype Composite Vehicle Suspension System

2016 ◽  
Author(s):  
W. S. Hurter ◽  
N. Janse van Rensburg ◽  
D. M. Madyira
Keyword(s):  
Development Process ◽  
Technology Development ◽  
Suspension System ◽  
Design And Technology ◽  
Vehicle Suspension ◽  
Successful Completion ◽  
Development Framework ◽  
Solar Powered ◽  
Vehicle Suspension System ◽  
The University

A uniquely configured suspension system, manufactured primarily of lightweight composite materials, is required for the University of Johannesburg’s solar powered race vehicle. For this design to reach successful completion, an assessment framework is introduced that would scrutinise and analyse different stages of the development. The focus of this paper is on the design and development of a prototype composite vehicle suspension system and assessing the framework implemented to control the research and development process of composite components.

scholarly journals DEVELOPMENT OF ENVIRONMENTALLY-FRIENDLY TECHNOLOGIES BASED ON THE DOUBLE-ECO MODEL -AN EVALUATION PLATFORM

2018 ◽  
Vol Vol.18 (No.1) ◽  
pp. 19-32
Author(s):  
Luis Edoardo PENA-GONZALEZ ◽  
Paulo DA SILVA ◽  
Ikuo TANABE
Keyword(s):  
Environmental Impact ◽  
Evaluation Method ◽  
Technology Development ◽  
Mechanical Performance ◽  
Environmentally Friendly ◽  
Environmental Friendliness ◽  
Automated Evaluation ◽  
Development Framework ◽  
Efficiency Parameter ◽  
Evaluation Platform

In recent years, the urgency to create environmentally-friendly technologies has dramatically increased. However, these technologies are usually not adopted due to their large cost and low profit. Previously the “Double-ECO model” has been proposed as a methodology that reconciles both “Economy” and “Ecology”, which relies on the exploration of technology alternatives that offer an improved mechanical performance. Here, as mechanical performance, cost and environmental impact were meant to be approached under the same degree of priority, this model was thought to offer the basis for a broader technology development framework. The current research initiates said framework by proposing an evaluation platform, which through a transition from a focus on environmental-friendliness towards an improved eco-efficiency definition lays groundwork for an automated evaluation. This was done by defining a dimensionless evaluation parameter based on existing methodologies and referred as the “DE Index”. This paper applied the proposed evaluation method into a machine tool lubrication technology example. It was concluded that, (1) the platform was able to effectively compare technologies under the proposed eco-efficiency parameter, (2) the developed technology possessed improvements in the environmental pollution output, mechanical performance and cost when compared to conventional technologies.

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