scholarly journals DIGITAL BANKING AND E-COMMERCEIN THE CONTEXT OF DIGITALIZATION OF BUSINESS MANAGEMENT

2021 ◽  
Vol 5 (40) ◽  
pp. 4-15
Author(s):  
O. Havryliuk ◽  
O. Yakushev ◽  
L. Prodanova ◽  
O. Yakusheva ◽  
S. Kozlovs`ka
Keyword(s):  
Banking Sector ◽  
The United States ◽  
Jel Classification ◽  
Perfect Competition ◽  
High Tech ◽  
European Continent ◽  
Technology Firms ◽  
Banking Market ◽  
Favorable Conditions ◽  
Cloud Technologies

Abstract. The article considers the growing trends and specifics of digitalization of the banking sector. The main directions of digital transformation and the emergence of new financial market players due to the institutionalization/symbiosis of traditional banks with technology firms are studied. It is noted that this process can have far-reaching and ambiguous consequences and threats, such as moving away from the model of perfect competition and transition to platform-based competition, monopolizing markets by displacing some firms and creating favorable conditions for others, financial and reputational risks for banking structures, which provide payment cards, increase advertising prices, etc. The identified problems of traditional (classical) banks — sluggishness, impossibility of prompt adjustment of strategies, the use of outdated development tools, in particular, the closure of branches and the use of outdated technologies, loss of control over the payment system;the thesis is substantiated according to which the mechanisms of their functioning and management need cardinal corrections and innovations, first of all in approaches to interaction with clients and realization of e-business. Outlined strategies for the operation of new digital banks — the introduction of digital operations with a focus on efficiency, accessibility, transparency and consumer protection, increasing competition with traditional banks with the acquisition of customers of the latter.The consequences and prospects of the arrival of high-tech companies Apple and Google in the banking market are analyzed. Specific examples show the reasons for the bankruptcy of the previously prosperous companies Kodak (USA), Blockbuster (USA). The authors argue that digital banking is gaining a global character and the effective operation of national financial structures requires taking into account the threats and lessons of the onset of high technologies in practice. The features of the development of a digital bank on the European continent and in the United States have been clarified. Keywords: digital banking, digitalization, traditional banks, fintech, cashback, blockchain, smart contracts, cloud technologies. JEL Classification G21, O33, F65 Formulas: 0; fig.: 0; tabl: 0; bibl.: 29.

scholarly journals CLOUD TECHNOLOGIES IN BUSINESS MANAGEMENT

2021 ◽  
Vol 4 (39) ◽  
pp. 294-301
Author(s):  
V. Gevko ◽  
O. Vivchar ◽  
V. Sharko ◽  
О. Radchenko ◽  
M. Budiaiev ◽  
...  
Keyword(s):  
Business Processes ◽  
Service Providers ◽  
De Novo ◽  
Cloud Service ◽  
Jel Classification ◽  
Digital Transformation ◽  
Cloud Services ◽  
Modern World ◽  
High Tech ◽  
Cloud Technologies

Abstract. The modern world is in the phase of active implementation of digitalization of most processes, including cloud technologies, which is also associated with the introduction of quarantine measures in most countries. Over the past decade, the average annual growth of the cloud services market has expanded by about 50% to more than $ 220 billion. This figure is projected to exceed $ 500 billion in the near future. Currently, a large number of cloud service companies are concentrated in the market. All companies can be classified into national, operating within one country, and international, operating in many countries simultaneously. In Ukraine, the leader is the high-tech company De Novo, which provides services in the segment of corporate clients based on VMware, EMC, Microsoft Azure solutions. Competitors are well-known foreign IT giants, namely: Oracle, IBM, Google, Microsoft, Amazon, HP and others. The Ministry of Digital Transformation of Ukraine plays an important role in this area. The latter signed an agreement with Microsoft to implement the Azure Expansion Program and accelerate Ukraine's digital transformation, including the development of Azure cloud services for the sum of more than $ 500 million. The transition from physical, outdated IT technologies to new cloud services will allow companies to significantly reduce the cost of maintaining their own staff of IT professionals and engineers, reduce dependence on IT equipment suppliers and increase productivity and efficiency of the decisions made. The management of the enterprise can choose one of the offered models from the companies-providers: IaaS, PaaS, SaaS. The choice will depend on the immediate management needs and financial capabilities of the enterprise. In Ukraine, the biggest share of users of cloud services belongs to large utility companies and state enterprises, namely: Dija, Ministry of Internal Affairs, Kyiv Municipal Enterprise "Informatics", Prozorro, Ukrposhta, E-Health (National Health Center of Ukraine), Naftogaz and several other organizations. Thus, the introduction of cloud services involves digital business transformations, namely: optimization of business processes, acceleration of innovation, cost reduction and so on. Key words: IT technologies, cloud technologies, cloud service providers, management, business. JEL Classification L86, M15 Formulas: 0; fig.: 1; tabl.: 2; bibl.: 21.

scholarly journals INVESTIGATING BANK MARKET CONCENTRATION IN THE SOUTHERN REGION OF THE UNITED STATES: IMPLICATIONS FOR BANKING STRUCTURE

2021 ◽  
Vol 6 (3) ◽  
pp. 91-105
Author(s):  
Musa Essayyad ◽  
Banamber Mishra ◽  
Omar Al-Titi ◽  
Prakriti Karki
Keyword(s):  
United States ◽  
Economic Development ◽  
Commercial Banks ◽  
Value Added ◽  
The United States ◽  
Southern Region ◽  
Perfect Competition ◽  
A Value ◽  
Banking Market ◽  
Regulatory Bodies

The objective of this paper is to determine whether commercial banks in the Southern Region of the United States are highly concentrated and hence less competitive in offering favorable lending terms to borrowers and subsequently hindering economic development in their region.  The paper employs concentration measures to estimate the concentration degrees of commercial banks in the Southern Region of the United States in 2019. Data for deposits and loans plus leases of banks in 12 states in the South were collected for the year 2019 from the following sources: http://www.ofi.state.la.us/  and http://www.ibanknet.com/. Empirical results show that only commercial bank markets in Kentucky and Florida have perfect competition. The commercial banks in other ten states are either uncompetitive or less competitive, thereby creating adverse economic development environments for prospective corporate and individual borrowers in  those states, and consequently impairing the profitability, stability and risk structure of the banking industry in most states covered in the Southern Region.  The paper provides a value- added literature contribution to US banking market structure.  The next step would be up to state and federal bank regulatory bodies to address the issue in those less competitive states and their potential on economic development in that region.   

Critical Cloud Pedagogies

2016 ◽  
pp. 87-97
Author(s):  
Jack Hennes
Keyword(s):  
United States ◽  
Learning Environments ◽  
Actor Network Theory ◽  
The United States ◽  
Pedagogical Practices ◽  
Learning Goals ◽  
High Tech ◽  
Writing Courses ◽  
Workplace Environments ◽  
Cloud Technologies

Many students will soon enter high-tech workplace environments that utilize cloud technologies and systems, yet they must be critical of the technologies and infrastructures they use on the cloud. More approaches are needed, however, to facilitate learning environments where students both use cloud technologies and have opportunities to critically reflect on their rhetoricity. The author argues that new vocabularies are needed to describe the use of cloud technologies, especially those used in our pedagogical practices. Utilizing vocabularies and methods informed by actor network theory, instructors can easily identify and diagram the networks that students compose in pursuit of their learning goals. To demonstrate, the author offers network diagrams representing two different writing courses taught in the United States, in turn presenting how instructors can engage in similar diagramming practices and even use the “cloud” and “networks” as crucial points of inquiry for students.

scholarly journals Critical information infrastructure of the People’s Republic of China: peculiarities of legal regulation in the area of ensuring information security of the financial-banking sector

2020 ◽  
pp. 45-57
Author(s):  
Ella Gorian
Keyword(s):  
Information Security ◽  
Banking Sector ◽  
Information Infrastructure ◽  
The United States ◽  
Legal Regulation ◽  
High Tech ◽  
Republic Of China ◽  
Critical Information ◽  
The People ◽  
The Law

The object of this research is the legal relations emerging in regulation of critical information infrastructure with regards to ensuring information security of the financial-banking sector of the People’s Republic of China. Characteristic is given to the Law on Cybersecurity, acting and developing draft bills of the People’s Republic of China in the area of security of critical information infrastructure. The author examines the peculiarities of regulation of relations in the sphere of critical information infrastructure and their role in ensuring cybersecurity of financial-banking sector. Factors affecting formation of the national mechanism of ensuring security of critical information infrastructure are determined. For the purpose of acquiring most accurate scientific results, the author applies legal-dogmatic approach, hermeneutic and synergetic methods of scientific cognition. Despite the numerous existing and developing sources of legal regulation of critical information infrastructure, the normative mechanism of ensuring its security is characterized by interrelatedness, and reflects overall character of the regime of China’s digital policy. The Law on Cybersecurity of the People’s Republic of China establishes the general norms, as well as draft bills – special norms; and the standards contain high-tech methodical recommendations that allow clarifying possible ambiguity of general and special norms. However, even within the limits of this mechanism is observed a partial overlap of responsibilities, including in the financial-banking sector, which complicates the process of identification of objects and determination of subjects of critical information infrastructure. Establishment of the mechanism is also perplexed by the need of simultaneous achievement of goals in the spheres of national security and economy, particularly in opposition during talks with the United States, which promotes policy of economic expansion onto China’s market, using tariff and nontariff measures as the levers of pressure.

scholarly journals LOAN MORATORIUM 2020- ITS IMPACT ON INDIAN BANKS

2020 ◽  
Vol 4 (2) ◽  
pp. 1-14
Author(s):  
Meera Mehta ◽  
Rishab Kaul
Keyword(s):  
United States ◽  
Banking Sector ◽  
The United States ◽  
Jel Classification ◽  
The Troubles ◽  
Reserve Bank ◽  
Temporary Suspension ◽  
The Government ◽  
Indian Banks ◽  
Reserve Bank Of India

A moratorium is a temporary suspension of an activity or law until further consideration calls for a lift on the suspension, as in the case of the issues that led to the moratorium are resolved. Moratoriums may be imposed by regulators, by a business, or by the government. A moratorium is often ordered in response to situations of crisis. Moratoriums are not new to the Indian banking sector and have been granted and imposed in multiple instances in the last 20 years. Since 1999 moratoriums have been imposed on 9 banks for various reasons. Very recently, the Reserve Bank of India (RBI) offered a six-month moratorium between March 1, 2020, and August 31, 2020, on all loan equated monthly instalments (EMIs) to help lessen the troubles faced by borrowers due to the COVID-19 pandemic. This paper aims to study the recently granted moratorium by the RBI to assess and predict its impact on the banking sector. The study will also reflect on similar instances of moratoriums that have been granted in the United States, Greece, and Thailand in the last 20 years. JEL Classification Codes: E5, E58, E59

Optimum Structure of the Banking Market: How Many Banks Are Necessary for Russia?

2006 ◽  
pp. 75-92 ◽  
Author(s):  
S. Moiseev
Keyword(s):  
Banking Sector ◽  
Optimum Structure ◽  
Population Number ◽  
The Third ◽  
Banking Market ◽  
The World ◽  
The Usa ◽  
Per Capita ◽  
The Empirical Analysis ◽  
Equilibrium Number

The number of classical banks in the world has reduced. In the majority of countries the number of banks does not exceed 200. The uniqueness of the Russian banking sector is that in this respect it takes the third place in the world after the USA and Germany. The paper reviews the conclusions of the economic theory about the optimum structure of the banking market. The empirical analysis shows that the number of banks in a country is influenced by the size of its territory, population number and GDP per capita. Our econometric estimate is that the equilibrium number of banks in Russia should be in a range of 180-220 units.

Conditions and possibilities for symbiosis of Russia with developed countries

2020 ◽  
Vol 26 (4) ◽  
pp. 815-834
Author(s):  
V.V. Smirnov
Keyword(s):  
Growth Rate ◽  
Systems Approach ◽  
Government Expenditure ◽  
Developed Countries ◽  
High Tech ◽  
Global Recession ◽  
Advanced Economies ◽  
Small Countries ◽  
And Cluster Analysis ◽  
Favorable Conditions

Subject. The article considers the symbiosis of Russia with developed countries. Objectives. The purpose is to identify conditions and possibilities for the symbiosis of Russia with advanced economies to establish a process of concentrated internationalization of financial capital for the market economy development completion, formation of full-fledged capitalism with stable dynamics of productive forces. Methods. The study rests on the systems approach, using the methods of descriptive statistics, neural network, nonparametric and cluster analysis. Results. The study reveals favorable conditions for the symbiosis of Russia with developed countries. They appear due to low requirements to the volume and connectivity of attracted high-tech capital. This enables to use the potential of small countries, motivating them to satisfy their ‘resource hunger’. Russia's transition to the said symbiosis is hindered by the policy of smooth devaluation of the national currency, which is used to increase the growth rate of total government expenditure and current GDP, and adversely affects the growth rate of gross national saving. Conclusions. The grounds for emergence of conditions and opportunities for the symbiosis of Russia with developed countries include the high values of financial development and low economic growth in Russia against the declining growth rates of the world economy and weakening of globalization process. The basis of Russia's symbiosis with developed countries is the mutually agreed necessity to internationalize capital in the form of investment financial institutions, which increase its concentration in production for the development of productive forces in conditions of the increasing risk of global recession.

Development and validation of risk stratification models for adult spinal deformity surgery

2019 ◽  
Vol 31 (4) ◽  
pp. 587-599 ◽  
Author(s):  
Ferran Pellisé ◽  
Miquel Serra-Burriel ◽  
Justin S. Smith ◽  
Sleiman Haddad ◽  
Michael P. Kelly ◽  
...  
Keyword(s):  
Spinal Deformity ◽  
Adult Spinal Deformity ◽  
The United States ◽  
Adverse Outcomes ◽  
High Rate ◽  
Prognostic Models ◽  
Time To Event ◽  
European Continent ◽  
Event Risk ◽  
Risk Estimates

OBJECTIVEAdult spinal deformity (ASD) surgery has a high rate of major complications (MCs). Public information about adverse outcomes is currently limited to registry average estimates. The object of this study was to assess the incidence of adverse events after ASD surgery, and to develop and validate a prognostic tool for the time-to-event risk of MC, hospital readmission (RA), and unplanned reoperation (RO).METHODSTwo models per outcome, created with a random survival forest algorithm, were trained in an 80% random split and tested in the remaining 20%. Two independent prospective multicenter ASD databases, originating from the European continent and the United States, were queried, merged, and analyzed. ASD patients surgically treated by 57 surgeons at 23 sites in 5 countries in the period from 2008 to 2016 were included in the analysis.RESULTSThe final sample consisted of 1612 ASD patients: mean (standard deviation) age 56.7 (17.4) years, 76.6% women, 10.4 (4.3) fused vertebral levels, 55.1% of patients with pelvic fixation, 2047.9 observation-years. Kaplan-Meier estimates showed that 12.1% of patients had at least one MC at 10 days after surgery; 21.5%, at 90 days; and 36%, at 2 years. Discrimination, measured as the concordance statistic, was up to 71.7% (95% CI 68%–75%) in the development sample for the postoperative complications model. Surgical invasiveness, age, magnitude of deformity, and frailty were the strongest predictors of MCs. Individual cumulative risk estimates at 2 years ranged from 3.9% to 74.1% for MCs, from 3.17% to 44.2% for RAs, and from 2.67% to 51.9% for ROs.CONCLUSIONSThe creation of accurate prognostic models for the occurrence and timing of MCs, RAs, and ROs following ASD surgery is possible. The presented variability in patient risk profiles alongside the discrimination and calibration of the models highlights the potential benefits of obtaining time-to-event risk estimates for patients and clinicians.

Military Subsidization of Human Capital and Gender Stratification in the US Economy

2021 ◽  
pp. 048661342098262
Author(s):  
Tyler Saxon
Keyword(s):  
Human Capital ◽  
The United States ◽  
Jel Classification ◽  
Access To Higher Education ◽  
Gender Stratification ◽  
Us Economy ◽  
The Us ◽  
And Gender ◽  
Capital Development ◽  
The Military

In the United States, the military is the primary channel through which many are able to obtain supports traditionally provided by the welfare state, such as access to higher education, job training, employment, health care, and so on. However, due to the nature of the military as a highly gendered institution, these social welfare functions are not as accessible for women as they are for men. This amounts to a highly gender-biased state spending pattern that subsidizes substantially more human capital development for men than for women, effectively reinforcing women’s subordinate status in the US economy. JEL classification: B54, B52, Z13

Sign in / Sign up

Export Citation Format

Share Document