ANALYSIS OF APPLICATION OF BLOCKCHAIN TECHNOLOGIES FOR THE BANKING SECTOR

2017 ◽  
Author(s):  
Svitlana Ilkovych ◽  
◽  
Maryna Korol ◽  
Keyword(s):  
Banking Sector ◽  
Blockchain Technology ◽  
Current State ◽  
Global Banking ◽  
Banking Institutions ◽  
Pros And Cons ◽  
Further Development

The article considers the essence of blockchain technology and the possibility of its application in the banking sector. The current state of development and application of blockchain technologies in various industries is analyzed. The pros and cons of using blockchain technologies for the banking sector are identified. Emphasis is placed on the role of blockchain technologies in the further development of the banking sector. The most promising directions of development of this technology are considered. Particular attention is paid to examples of the use of blockchain technology by global banking institutions.

Cartographic production in Russia: main stages and trends

2020 ◽  
Vol 963 (9) ◽  
pp. 30-43
Author(s):  
M.Yu. Orlov
Keyword(s):  
Chronological Order ◽  
Xviii Century ◽  
New Methods ◽  
Current State ◽  
Factors Influencing ◽  
The Future ◽  
History Of ◽  
State Enterprises ◽  
Further Development

Studying the current state of cartography and ways of further developing the industry, the role of the map in the future of the society, new methods of promoting cartographic products is impossible without a deep scientific analyzing all the paths, events and factors influencing its formation and development throughout all the historic steps of cartographic production in Russia. In the article, the history of cartographic production in Russia is considered together with the development of private, state and military cartography, since, despite some differences, they have a common technical, technological and production basis. The author describes the stages of originating, formation and growth of industrial cartographic production from the beginning of the XVIII century until now. The connection between the change of political formations and technological structures with the mentioned stages of maps and atlases production is considered. Each stage is studied in detail, a step-by-step analysis was carried out, and the characteristics of each stage are described. All the events and facts are given in chronological order, highlighting especially significant moments influencing the evolution of cartographic production. The data on the volumes of printing and sales of atlases and maps by commercial and state enterprises are presented. The main trends and lines of further development of cartographic production in Russia are studied.

scholarly journals THE ACCOUNTS RECEIVABLE MANAGEMENT: CURRENT SITUATION, PROBLEMS, PROSPECTS, INFORMATION SUPPORT

2021 ◽  
Author(s):  
Lesya Kononenko ◽  
◽  
Nataliia Sysolina ◽  
Oksana Yurchenko ◽  
◽  
...  
Keyword(s):  
Information Exchange ◽  
Information Support ◽  
Synthesis Methods ◽  
Scientific Methods ◽  
Common Information ◽  
Software Products ◽  
Blockchain Technology ◽  
Current State ◽  
Banking Institutions ◽  
Network Technologies

The article examines the current state of receivables management, identifies the main problems and suggests ways to overcome them, including accounting. The research methodology is based on general scientific methods of cognition: historical, logical, systemic, induction, deduction, analysis, synthesis; methods of statistical data processing, classification, grouping. Emphasis is placed on the growth of receivables and its consistently high share in the current assets of domestic enterprises over the past three years, which necessitates the development of measures to optimize its management. Modern software, including the subsystem "Accounting" "1C: Enterprise 8" does not contain a separate complex for accounting for receivables and the provision for doubtful debts. This determines the expediency of accrual of the provision for doubtful debts in the subsystem "Accounting" in the document "Debt Adjustment", which is designed to adjust the debt of mutual settlements with counterparties and is responsible for the function of debt write-off. It is proved that the process of receivables management in the conditions of digitalization can be optimized by integrating communication and network technologies. Integration processes provide the formation of a common information environment at the micro and macro levels with access to internal and external users of accounting information. It is advisable to integrate the function of information exchange with a single database of counterparties in modern software products for accounting automation. This will allow you to obtain information about counterparties, the existence of contractual relations, the state of receivables and the procedure for its repayment. The single database will provide an opportunity for information exchange between suppliers, customers, banking institutions, legal and factoring organizations, government agencies of the fiscal service and statistics. All these measures will optimize the process of managing receivables in terms of the use of information technology. The prospect of further research is to study the information support of receivables management in the application of blockchain technology.

Relative Importance of Blockchain in Cryptocurrency, Banking & Health Care

2020 ◽  
Vol 8 (12) ◽  
pp. 6-25
Author(s):  
Hari Priya Ponnakanti ◽  
Bilal Gonen
Keyword(s):  
Large Scale ◽  
Banking Sector ◽  
Trade Credit ◽  
Future Research ◽  
Large Database ◽  
High Scale ◽  
Blockchain Technology ◽  
Medical Sector ◽  
Recent Developments ◽  
Pros And Cons

This paper looks at the opportunities and challenges of implementing blockchain technology across medical, finance and banking sectors, and provides a clear view which can enable Blockchain for more extents. After going through few articles and papers related to applications of Blockchain, we gained a vivid knowledge on pros and cons on Blockchain applications from each article. Few drawbacks that we encountered are using Power of Work (POW) in medical sector which is destroying the computing ability at a stage when system is getting bigger and eventually which is wasting lots of resources. One study over conceptual proposal on blockchain is the idea of using trade credit as the value of transactions, and this trade credit is in the scope of trade secret which improves trade confidentiality and makes it more secure. Moreover, centralization systems have few risks owing to their dependence on a high scale which could tamper the data or can even block access, change the rules and might even completely shut down the system. Few more drawbacks are designing and building a secure blockchain system is much more difficult on large-scale of banking sector with large database. To address these challenges, recent developments in blockchain technology are enabling novel opportunities in every possible sector by using Trust-worthy cloud, IoT and artificial intelligence, which makes it more powerful and secure. After analyzing Blockchain implementations and identifying their limitations, we conclude with several promising directions for future research.

scholarly journals The Role of ‘Digitalization’ in German Sustainability Bank Reporting

2020 ◽  
Vol 8 (1) ◽  
pp. 16 ◽  
Author(s):  
Florian Diener ◽  
Miroslav Špaček
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Business Environment ◽  
Current Analysis ◽  
Structural Inequality ◽  
Services Sector ◽  
Financial Services Sector ◽  
Further Development ◽  
Insight Into

The financial services sector, particularly with respect to today’s banking industry, is aiming to make a digital transition. Sustainable reporting is a holistic new reporting approach in banking and has only become partially mandatory for the sector. Thus, this paper makes a contribution to the current analysis approach and further development of the German Sustainability Code as well as associated legal approaches. It concerns the assessment of mandatory sustainable reporting in the light of constantly changing market conditions and stricter legal requirements for stakeholder data responsibility. In specific, it focuses on a digital evolving business environment and is intended to provide an insight into the perception of the topic of digitalization in the banking sector. The assessment is based on the structure of the German Sustainability Code. Based on 113 bank reports, a multiple regression analysis of 1410 codings of the keyword ‘digital’ is carried out. The results show that banks partly and not fully address digital issues in their reporting. It transpires that the emphasis is on seven criteria, while social elements are totally ignored. The paper shows a structural inequality within sustainable bank reporting with regard to digitalization. It also shows that issues are not adequately addressed and covered in legal reporting standards and that the provision of information to stakeholders on specific issues is largely undefined.

scholarly journals PERLINDUNGAN HUKUM NASABAH BANK DALAM HAL PEMBERIAN INFORMASI NASABAH KEPADA PIHAK FINTECH LENDING BERDASARKAN PRINSIP KERAHASIAAN

Esensi Hukum ◽  
2021 ◽  
Vol 3 (1) ◽  
pp. 41-54
Author(s):  
Galih Raka S Galih Raka Siwi
Keyword(s):  
Banking Sector ◽  
Service Providers ◽  
Financial Institution ◽  
Financial Service ◽  
Financial Data ◽  
Public Funds ◽  
Financial Service Provider ◽  
Bank Secrecy ◽  
Banking Institutions

Bank is a financial institution that collects funds and distributes public funds, in accordance with Article 3 of the Banking Law. Banking institutions have a very important role, especially in moving the economy of a country. The role of banking cannot be separated from the enactment of Law Number 10 of 1998 concerning Banking. In carrying out its functions and duties, banking cannot be separated from customers, be they depositors or borrowing customers. In carrying out its functions, the Bank is bound by several principles, one of which is the principle of confidentiality. The principle of bank secrecy is regulated in Article 4- to Article 47A of the Banking Law. The principle of confidentiality is very important to be maintained by the bank as a financial service provider, this is related to public trust in the banking sector itself. Banks are prohibited from opening data from customers without permission from the BI leadership or if the law says otherwise. Banks are prohibited from disclosing secrets related to financial data or loans from customers to third parties, in this case the fintech lending party. Banks as service providers will certainly comply with the Consumer Protection Law. The purpose of this paper is to identify and understand the principles of banking confidentiality. The method used in this paper is normative juridical, by examining primary and secondary legal materials, especially in terms of legislation.

scholarly journals Tanggung Jawab Direksi dalam Meningkatkan Citra Bank (Suatu Telaah Yuridis Normatif)

Wajah Hukum ◽  
2021 ◽  
Vol 5 (2) ◽  
pp. 682
Author(s):  
Sriayu Indah Puspita
Keyword(s):  
Board Of Directors ◽  
Banking Sector ◽  
Public Trust ◽  
Public Funds ◽  
The Public ◽  
Bank Secrecy ◽  
The Board Of Directors ◽  
Banking Institutions ◽  
The Government

At this time the banking world has a very important function in the Indonesian economy. Banking is an institution that functions to collect and distribute public funds. For this reason, in order to maintain public trust in the bank, the government continues to try to protect or protect the public from irresponsible persons who can damage public trust in the bank. The issue of civil liability for negligence or carelessness that occurs in a bank can be related to the management of the bank. In order to increase the function of common awareness towards banking institutions, regulations regarding bank secrecy which have been very secretive must be revised immediately. The bank secrecy in question is one of the elements that every bank needs to have as an institution of public trust. Banking practices that violate the laws and regulations in the banking sector as long as these regulations are considered a weakness that can harm their interests, even the owner or management of the bank uses the existing regulatory loopholes so that in the end the bank is in an unhealthy condition. For that we need to know and understand how the bank can improve its image and the role of the board of directors in overcoming the problems faced and how to overcome these problems. The Board of Directors has an important role in the management of the bank, the board of directors is also required to regulate the bank according to its authority and responsibility as stipulated in the articles of association and the provisions of the applicable regulations. The image of the bank is built through communication programs and combined with customer experiences interacting with the bank. 

An analysis of competition in the banking sector of the City of Vladimir

2020 ◽  
Vol 18 (4) ◽  
pp. 610-626
Author(s):  
K.A. Nefedova ◽  
D.O. Maslakova
Keyword(s):  
Comparative Analysis ◽  
Customer Satisfaction ◽  
Banking Sector ◽  
Assessment Methods ◽  
Banking Services ◽  
Evaluation Procedures ◽  
Banking Institutions ◽  
Consumer Assessment ◽  
The City ◽  
Further Development

Subject. This article deals with the issues related to the major competitive differentiators of banks, as well as the competitiveness assessment. Objectives. The article aims to develop indicators to assess the competitiveness of banking institutions, conduct a consumer assessment of the attractiveness of the bank, as well as identify leading institutions in the banking services market of the City of Vladimir. Methods. For the study, we used the methods of comparative analysis, and factorial and rating evaluation procedures. Results. The article presents certain methods for assessing the competitiveness in the banking sector. It identifies possible ways to improve the competitiveness of the banks assessed. Conclusions. Comprehensive assessment methods, including methods related to the study and analysis of competitiveness, should be used when forming new areas of development of banking institutions. This will help create an optimal portfolio of services provided and provide higher customer satisfaction. Implementing a timely assessment of the bank's competitiveness should be the basis for its further development and growth.

Factors Affecting Women Leadership to Reach Top Management and Its Impact on the Economy

2018 ◽  
pp. 87-119
Author(s):  
Adel Ismail Al-Alawi ◽  
Nehal Fareed El Naggar
Keyword(s):  
Banking Sector ◽  
Response Rate ◽  
Arab World ◽  
Factors Affecting ◽  
Banking Institutions ◽  
Male Supremacy ◽  
Response Rate Data ◽  
Retail Banks ◽  
Depth Interviews

In today's dynamic organizations, as women climb up the corporate ladder, they don't seem to sustain and even might become extinct on the way upwards. In developing countries, especially in the Arab world, females have been regarded as the inferior of the species in a strictly male-dominated culture where they have been denied access to roles and positions open only to men, as male supremacy is the norm. This is a descriptive study based on mixed methods aiming to understand the role of women in the banking sector in the Kingdom of Bahrain. In-depth interviews were conducted with 5 female decision makers in the Bahraini banking sector to take their perspective on the topic with a total of 450 online questionnaires that were distributed to 26 banking institutions representing both conventional and Islamic retail banks with a response rate of 200 respondents with a valid response of 147 representing 33% response rate. Data were analyzed using both descriptive and inferential analyses; techniques such as tabulation, percentages, and charts have been employed.

Industry or Instrument?

2021 ◽  
pp. 50-70
Author(s):  
Angela Garcia Calvo
Keyword(s):  
Banking Sector ◽  
High Potential ◽  
The Other ◽  
Global Banking ◽  
Upgrading Strategies ◽  
Late Industrializing

The chapter analyzes Spain’s and Korea’s upgrading strategies from the perspective of large banks. The chapter shows that Spain’s and Korea’s approaches were based on two different interpretations of the banking sector. One considered banking as an industry in its own right with high potential for upgrading. The other saw banking as an input for manufacturing. The chapter shows that these two views led to the emergence of a globally competitive banking sector in Spain, but prevented a similar outcome in Korea. The chapter comprises five sections. After the introduction, section 3.2 characterizes the structure of the banking sectorin late industrializing economies and the changes in global banking since the 1980s. Sections 3.3 and 3.4 analyze the role of banking in Spain’s and Korea’s models and how these roles affected the trajectory of Spanish and Korean banks. Section 3.5 takes stock, concludes, and sets the stage for the next chapter.

scholarly journals Comparative analysis of methods for assessing the effectiveness of banking activities

2021 ◽  
Vol 12 (2) ◽  
pp. 19-28
Author(s):  
Valeriya Yu. Anisimova ◽  
Alexandr S. Komisarov
Keyword(s):  
Russian Federation ◽  
Banking Sector ◽  
Assessment System ◽  
Social Efficiency ◽  
The Public ◽  
Activity Assessment ◽  
Current State ◽  
Banking Activity ◽  
The Russian Federation ◽  
Further Development

The global economic shock associated with the consequences of COVID-19 has shown the need for further development of ways to predict changes in key performance indicators of organizations. The financial market is a particularly important segment, as the adaptation of the public sector in this area is much slower than necessary. This work reveals the theoretical aspects of the concept of efficiency of banking activity in the Russian Federation, and also gives an idea of various methods of its study. It is concluded that the use of the methods of the theoretical block in assessing the effectiveness of banking activities should be applied in the study of customer satisfaction with the activities of the organization, as well as in the study of the level of social efficiency in the structure of the organization. The article also reflects the current state of the banking sector and provides aforecast of its development for 2021. The positive and negative features of each method of assessing banking activity are presented. The final part of the article analyzes the problems faced by the banking sector and displays a list of government steps to overcome them. In the process of writing this work, its goal was achieved, namely, the methods of evaluating the effectiveness of banking activities were studied. In accordance with this goal, thefollowing tasks were solved: the concept of efficiency of banking activity was considered, the indicators of the banking sector in the Russian Federation were analyzed, the main problems for the development of the banking activity assessment system were studied, and the main methods of assessing banking activity were characterized.

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