scholarly journals Digital Transformation in Financial Services and Challenges and Opportunities

2018 ◽  
Vol Special Issue (Special Issue-ICDEBI2018) ◽  
pp. 10-12
Author(s):  
Dr. Anand Patil ◽  
Keyword(s):  
Financial Services ◽  
Digital Transformation ◽  
Challenges And Opportunities

scholarly journals Ensuring Sustainable Development of the National Financial Market Based on Digital Financial Services

2021 ◽  
Vol 93 ◽  
pp. 02029
Author(s):  
Mikhail Loginov ◽  
Natalia Usova ◽  
Aigerim Baigotanova
Keyword(s):  
Sustainable Development ◽  
Financial Market ◽  
National Economy ◽  
Financial Services ◽  
Current Situation ◽  
Digital Transformation ◽  
Financial Assets ◽  
Medium Term ◽  
Mechanism Of Interaction ◽  
Theoretical Foundations

The article is devoted to the development of the national financial market and ensuring its stability on the basis of digital transformation. Subject of research: digitalization of the financial market. The aim of the study is to study the theoretical foundations of the financial market and determine the priorities of its development based on the digitalization of services to ensure sustainable development in the medium term. Method of research. in the process of writing, the authors used such methods as analysis, grouping, comparison, and synthesis. Results: 1. The features of digitalization of services provided in the national financial market are disclosed. 2. The mechanism of interaction of the main participants in the digital financial assets market is presented and their characteristics are given. 3. Measures for digital transformation of the national financial services market are proposed, taking into account the current situation in the national economy. Scientific novelty: the mechanism of interaction of the main participants in the digital financial services market was determined, measures for the digital transformation of the financial services market were proposed.

Perception, Adoption, and Pattern of Usage of FinTech Services by Bank Customers: Evidences from Hojai District of Assam

2020 ◽  
Vol 6 (1) ◽  
pp. 7-22
Author(s):  
Ankita Das ◽  
Debabrata Das
Keyword(s):  
Baby Boomers ◽  
Financial Institutions ◽  
Generation X ◽  
Financial Services ◽  
Digital Transformation ◽  
Financial Inclusion ◽  
Global Average ◽  
Demographic Profiles ◽  
Generation Z ◽  
The Relationship

With the advent of technology, banking and financial services have widened their scope. India achieved FinTech adoption rate of 87 percent as against the global average of 64 percent mostly contributed by FinTech startups aiming for providing access to financial services even in the remotest areas. Realizing the potential of FinTech to contribute toward financial inclusion and stability, the Governments have taken requisite steps toward digital transformation and promote FinTech ventures. In order to meet the customers’ needs, collaborative moves with FinTech firms have been initiated by financial institutions as well. This article aims to investigate the relationship between different demographic profiles, the adoption of FinTech services, the perception, user pattern, and constraints faced by the bank customers in using FinTech services. The results based on survey of 215 respondents reveal significant association between usage of FinTech services and different demographic profiles. However, the awareness and use of such services is found more among millennials and generation Z as compared with generation X and baby boomers. While the FinTech companies gained the popularity in payment space, it is observed that misconception is an important factor that hinders the growth of technology-based services among respondents.

scholarly journals Gotta CAPTCHA ’Em All: A Survey of 20 Years of the Human-or-computer Dilemma

2022 ◽  
Vol 54 (9) ◽  
pp. 1-33
Author(s):  
Meriem Guerar ◽  
Luca Verderame ◽  
Mauro Migliardi ◽  
Francesco Palmieri ◽  
Alessio Merlo
Keyword(s):  
Financial Services ◽  
Credit Card ◽  
Defense Mechanisms ◽  
Denial Of Service ◽  
Turing Test ◽  
Point Of View ◽  
The Road ◽  
Current State ◽  
Challenges And Opportunities ◽  
User Friendly

A recent study has found that malicious bots generated nearly a quarter of overall website traffic in 2019 [102]. These malicious bots perform activities such as price and content scraping, account creation and takeover, credit card fraud, denial of service, and so on. Thus, they represent a serious threat to all businesses in general, but are especially troublesome for e-commerce, travel, and financial services. One of the most common defense mechanisms against bots abusing online services is the introduction of Completely Automated Public Turing test to tell Computers and Humans Apart (CAPTCHA), so it is extremely important to understand which CAPTCHA schemes have been designed and their actual effectiveness against the ever-evolving bots. To this end, this work provides an overview of the current state-of-the-art in the field of CAPTCHA schemes and defines a new classification that includes all the emerging schemes. In addition, for each identified CAPTCHA category, the most successful attack methods are summarized by also describing how CAPTCHA schemes evolved to resist bot attacks, and discussing the limitations of different CAPTCHA schemes from the security, usability, and compatibility point of view. Finally, an assessment of the open issues, challenges, and opportunities for further study is provided, paving the road toward the design of the next-generation secure and user-friendly CAPTCHA schemes.

scholarly journals Creating a competitive strategy for a digital financial institution

2021 ◽  
Vol 244 ◽  
pp. 10007
Author(s):  
Margarita Agafonova ◽  
Lyudmila Shevchenko ◽  
Oleg Shalnev ◽  
Andrey Chugunov
Keyword(s):  
Financial Services ◽  
Competitive Strategy ◽  
Financial Institution ◽  
External Environment ◽  
Financial Sector ◽  
Digital Transformation ◽  
Business Transformation ◽  
Financial Organization ◽  
Factors Influencing

The paper reveals the essence of digital changes and digital transformation. It was possible to determine the essence of strategic approaches to business transformation in the turbulent conditions of digital transformations and outline ways to build strategies for digital transformations. The paper analyzed the factors influencing the implementation of digital transformation strategies of the financial sector. Based on the capabilities of the external environment, a brief analysis of new opportunities for digital transformation in the field of financial services was carried out. An attempt was made to develop approaches to creating strategic digital transformations of financial companies, as well as develop a competitive strategy for the consistent development of a specific financial organization based on strategic digital changes in the digital transformation environment of the industry.

scholarly journals Digital Transformation in Communities of Africa

2021 ◽  
Vol 11 (1) ◽  
pp. 1-23
Author(s):  
Fouad A. Kazim
Keyword(s):  
United Nations ◽  
Digital Transformation ◽  
Social Enterprises ◽  
Digital Ecosystem ◽  
Challenges And Opportunities ◽  
Digital Development ◽  
Development Initiatives ◽  
Digital Landscape ◽  
Nations Development ◽  
Agenda 2063

This paper synthesises, categorises, and provide clarity on the African continent’s digital transformation (DT) programs that align with United Nations development initiatives and Africa’s Agenda 2063 and its subprograms. It provides that analysis needed to understand the digital landscape across the continent for those interested in FDI opportunities and other social enterprises looking to impacts all aspects of African socioeconomic digital development. I believe this paper is relevant for understanding the challenges and opportunities of the current and future areas of the African digital ecosystem.

scholarly journals The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology

2020 ◽  
Vol 8 (1) ◽  
pp. 119-128
Author(s):  
Ramadhani Irma Tripalupi ◽  
Prameshwara Anggahegari
Keyword(s):  
Financial Services ◽  
Economic Activity ◽  
Online Shopping ◽  
Qualitative Approach ◽  
Related Data ◽  
Challenges And Opportunities ◽  
The Impact ◽  
Descriptive Method ◽  
Financial Technology

This paper aims to describe the challenges and opportunities of syariah financial technology (fintech) in Indonesia, due to the impact of covid-19 pandemic. Three things that become the focus of writing, include: syariah fintech; the impact of covid-19 pandemic on fintech; syariah fintech opportunities and challenges. This study uses a qualitative approach and descriptive method with documentation/text studies in the form of related data and literature studies. The conclusion of this research is: the growth of Syariah fintech assets at the end of 2019 increased by 2074.81% from the previous year. Although affected by the pandemic, the growth of fintech during this covid-19 pandemic remained relatively stable. Prominent opportunities and challenges for the Syariah fintech resulting from the impact of covid-19 pandemic, including increased use of fintech through online shopping platforms, payments and loans; accelerated digitalization of financial services; slowed economic activity; arose various risks; and decreased debtor/UMKM performance due to the impact of the pandemic.

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