scholarly journals Research of the possibilities of the national innovative environment for the implementation of financial technologies

2021 ◽  
Vol 83 (1) ◽  
pp. 460-465
Author(s):  
N. A. Serebryakova ◽  
T. S. Kolmykova ◽  
E. A. Grivachev ◽  
S. V. Klykova
Keyword(s):  
Practical Problem ◽  
Banking Sector ◽  
Regulatory System ◽  
Digital Technologies ◽  
Technological Innovations ◽  
Biometric System ◽  
System A ◽  
Innovative Environment ◽  
Rapid Spread ◽  
Financial Environment

The article is devoted to the study of an important scientific and practical problem on the disclosure of factors and conditions that stimulate the introduction of innovations in the financial sector. It has been studied that the processes of introducing digital technologies are relevant in all spheres of the economy. The financial environment is highly receptive to digital adoption. The emphasis is made on the fact that the Bank of Russia as a mega-regulator is implementing a number of projects that stimulate the introduction of financial technologies in the country's banking sector. The main infrastructure projects of the Bank of Russia aimed at stimulating the development of fintech are considered. Among them: a unified biometric system, a system of fast payments, a marketplace of the Bank of Russia, a system for transmitting financial messages. The study revealed the weakness of the national regulatory system for the creation and implementation of digital technologies in the financial environment. The urgency of adapting the norms of financial law to the rapid spread of digital technologies has been substantiated. It has been proven that the acceleration of the pace of implementation of technological innovations not only opens up new opportunities for business improvement, but also carries obvious and hidden risks. Analysis of the research materials made it possible to structure the main potential threats that accompany the spread of digital technologies. It is concluded that it is necessary to develop systemic measures to create a favorable national innovation environment that stimulates financial innovation.

The Influence of Financial Development on R&D Activity: Cross-Country Evidence

2010 ◽  
Vol 13 (03) ◽  
pp. 381-401 ◽  
Author(s):  
Young-Soon Hwang ◽  
Hong-Ghi Min ◽  
Seung-Hun Han
Keyword(s):  
Stock Market ◽  
Banking Sector ◽  
Finance Industry ◽  
Turnover Ratio ◽  
Environment Variables ◽  
Financial Quality ◽  
Efficient Resource ◽  
Cross Country ◽  
The Relationship ◽  
Financial Environment

The financial environment affects the level of R&D activity of a country. Using the proxy measures of macroeconomic financial environment variables, we show that cross-country differences in R&D activity, including expenditures, researchers, and patents etc., are correlated with the stock market turnover ratio. In particular, we found that the relationship was in direct relation to R&D expenditures or the number of researchers but indirect in relation to R&D outputs such as patents. These results imply that finance structure of an economy could enhance R&D activity through providing efficient resource allocation function. Other proxy measures of the financial environment such as banking sector size or stock market capitalization are not found to be significant. The size of the finance industry does not seem to change the national portfolio toward more high-risk innovative sectors. Financial quality, not size, determines the level of R&D intensity.

scholarly journals The ras-like yeast YPT1 gene is itself essential for growth, sporulation, and starvation response.

1987 ◽  
Vol 7 (7) ◽  
pp. 2367-2377 ◽  
Author(s):  
N Segev ◽  
D Botstein
Keyword(s):  
Cell Cycle ◽  
Regulatory System ◽  
Mitotic Cell ◽  
Nutritional Regulation ◽  
Ras Proteins ◽  
System A ◽  
Cold Sensitive ◽  
Sensitive Allele ◽  
Cellular Dna ◽  
Diploid Cells

The Saccharomyces cerevisiae gene YPT1 encodes a protein that exhibits significant homology to the mammalian ras proteins. Using gene disruption techniques, we have shown that the intact YPT1 gene is required for spore viability. Lethality caused by loss of YPT1 function, unlike that caused by loss of the yeast ras homologs RAS1 and RAS2 function, is not suppressed by the bcy1 mutation, suggesting that YPT1 does not act through the adenylate cyclase regulatory system. A cold-sensitive allele, ypt1-1, was constructed. At the nonpermissive temperature, mutants died, exhibiting aberrant nuclear morphology, as well as abnormal distribution of actin and tubulin. The mutant cells died without exhibiting classical cell-cycle-specific arrest; nevertheless, examination of cellular DNA content suggests that the YPT1 function is required, particularly after S phase. Cells carrying the ypt1-1 mutation died upon nitrogen starvation even at a temperature permissive for growth; diploid cells homozygous for ypt1-1 did not sporulate. The YPT1 gene is thus involved in nutritional regulation of the cell cycle as well as in normal progression through the mitotic cell cycle.

scholarly journals The Nexus between Mobile Money Regulation, Innovative Technology and the Promotion of Financial Inclusion in Zimbabwe

2021 ◽  
Vol 24 ◽  
pp. 1-33
Author(s):  
Howard Chitimira ◽  
Elfas Torerai
Keyword(s):  
Low Income ◽  
Rural Areas ◽  
Financial Services ◽  
Banking Sector ◽  
Regulatory Framework ◽  
Financial Inclusion ◽  
Innovative Technology ◽  
Technological Innovations ◽  
Mobile Money ◽  
The Poor

The advent of mobile money innovations has given people in rural areas, informal settlements and other poor communities an opportunity to participate in Zimbabwe's mainstream financial economy. However, the technology-driven money services have presented some challenges to the traditional banking sector in general and the regulation of financial services in particular. Firstly, most mobile money services are products of telecommunication corporations, which are not banks. Telecommunication companies use their network reach to provide mobile money services via mobile devices at a cheaper cost than banks across the country in Zimbabwe. As such, banks face unprecedented competition from telecommunications companies that are venturing into financial services. It also appears that prudential regulation of banks cannot keep up with the fast pace at which technological innovations are developing and this has created a disjuncture between the regulation and the use of technological innovations to promote financial inclusion in Zimbabwe. The Banking Act [Chapter 24:20] 9 of 1999, the Reserve Bank of Zimbabwe Act [Chapter 22:15] 5 of 1999 and the National Payment Systems Act [Chapter 24:23] 21 of 2001 have a limited scope in terms of the regulation of mobile money services in Zimbabwe. The Ministry of Finance and Economic Development launched the National Financial Inclusion Strategy (NFIS) 2016-2020 to provide impetus to the financial inclusion of the poor, unbanked and low-income earners in Zimbabwe. However, the NFIS appears to push more for bank-led financial inclusion than it does for innovation-driven initiatives such as mobile money services. This article highlights the positive influence of mobile money services in improving financial inclusion for the poor, unbanked and low-income earners in Zimbabwe. The article also seeks to point out gaps and flaws in the financial services regulatory framework that may limit the potential of mobile money services to reach more people so that they actively participate in the Zimbabwean economy. It is submitted that the Zimbabwean mobile money services regulations and the financial regulatory framework should be carefully amended in line with the recent innovations in mobile money to adequately regulate the use of mobile money services and innovative technology to address the financial exclusion of the poor, unbanked and low-income earners in Zimbabwe.

scholarly journals The impact of the digital revolution on the Russian financial sector development and the results of economic transformation

2020 ◽  
Vol 210 ◽  
pp. 02006
Author(s):  
Oksana Yuryeva ◽  
Lyubov Pudeyan ◽  
Tatiana Medvedskaya ◽  
Elena Zaporozceva ◽  
Natalia Zemlyakova
Keyword(s):  
Banking Sector ◽  
Digital Technologies ◽  
Financial Sector ◽  
Economic Transformation ◽  
Competitive Strategies ◽  
Digital Revolution ◽  
Global Trends ◽  
Financial Organization ◽  
State Economy ◽  
The Impact

The paper examines the impact of the digital revolution on the development of the Russian financial sector and the results of economic transformation. The authors substantiate the relevance by the fact that new opportunities for digital technologies and new regulatory rules are imposed on a complex international situation and an ambiguous global economic situation and create a very complex background for strategic planning of the development of small and medium-sized financial organizations. The authors built a model of the navigator of strategic approaches, made prerequisites for clarifying the model of the palette of strategies, created a new metamodel of digital transformations of a financial organization, created a new framework for building IT strategies, identified opportunities, limitations and obstacles to the implementation of competitive strategies of financial organizations in the context of digital transformations of the state economy. The directions for the development of digitalization in the banking sector of the Russian Federation are proposed: the introduction of a financial messaging system to reduce the dependence of the banking sector on international organizations, the introduction of regtech, the use of international experience, based on global trends in the use of fintech and digital technologies in general.

The Brazilian GMO Regulatory System: A Historical View and Perspective

2017 ◽  
pp. 258-270
Author(s):  
Edivaldo Domingues Velini ◽  
Maria Lúcia Zaidan Dagli ◽  
Gutemberg Delfino de Souza ◽  
Rubens José Nascimento ◽  
Tassiana Fronza Pinho ◽  
...  
Keyword(s):  
Regulatory System ◽  
Historical View ◽  
System A

Introduction

2010 ◽  
Author(s):  
Mathias Dewatripont ◽  
Jean-Charles Rochet ◽  
Jean Tirole
Keyword(s):  
Large Scale ◽  
Historical Perspective ◽  
Banking Sector ◽  
Credit Rating ◽  
Regulatory System ◽  
Capital Requirements ◽  
Rating Agencies ◽  
Recent Financial Crisis ◽  
Global World

This introductory chapter begins by briefly setting out the book's purpose, which is to offer a perspective on what happened during the recent financial crisis and especially on the lessons to be learned in order to avoid a repetition of this large-scale meltdown of financial markets, industrial recession, and public deficits. It then provides a historical perspective on the regulation of the banking sector, followed by discussions of the challenges facing prudential regulation and the development of an adaptive regulatory system in a global world. It argues that the previous trend toward decreasing capital requirements and increasing delegation of oversight to banks and credit-rating agencies clearly requires a correction, namely a strengthening of regulation. In the recent crisis, the pendulum can be expected to swing in this direction.

Digital Technologies and the Cross-Border Expansion of South African Banks

2011 ◽  
pp. 252-272
Author(s):  
Joanne Roberts ◽  
Chipo Mukonoweshuro
Keyword(s):  
International Development ◽  
South African ◽  
Information And Communication Technologies ◽  
Banking Sector ◽  
Specific Capacity ◽  
Digital Technologies ◽  
Specific Factor ◽  
International Expansion ◽  
Cross Border ◽  
The Cross

This chapter explores the role of Information and Communication Technologies (ICTs) in the international development of South African banks. It is argued that South African banks derive important advantages from the use of ICTs in their expansion into neighbouring countries. Using Dunning’s (1989, 1988) eclectic approach as a mechanism with which to assess the evidence supporting this argument, ICT is explored both as an ownership specific capacity, as a locational specific factor influencing the geographical pattern of international expansion, and as a facilitator of the internalization of cross-border banking networks. Through an investigation of the significance of digital technologies in the cross-border expansion of South African banks, including case studies of Stanbic and ABSA, this chapter highlights the opportunities and challenges confronting such organizations. In so doing, the chapter will contribute to the understanding of intra-African foreign direct investment in the banking sector and the emerging digital economy in developing countries.

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