The evolution of commercial banks in digital economy

2019 ◽  
pp. 30-42
Author(s):  
Yu. Shevtsov ◽  
◽  
N. Suntsova ◽  
V. Koreshkov ◽  
◽  
...  
Keyword(s):  
Commercial Banks ◽  
Digital Economy

scholarly journals Will Commercial Banks Remain Subjects of the Digital Economy?

2019 ◽  
pp. 319-333
Author(s):  
Yuriy G. Shvetsov ◽  
◽  
Natalya V. Suntsova ◽  
Vladislav G. Koreshkov ◽  
◽  
...  
Keyword(s):  
Commercial Banks ◽  
Digital Economy

scholarly journals Development of Regional Commercial Banks in Digital Economy: Risks and Opportunities

2021 ◽  
pp. 181-193
Author(s):  
Natalia Simaeva ◽  
◽  
Inna Ryabova ◽  
Keyword(s):  
Commercial Banks ◽  
Business Models ◽  
Banking System ◽  
Digital Economy ◽  
Digital Transformation ◽  
The State ◽  
Banking Competition ◽  
Regional Bank ◽  
Regional Banks ◽  
Banking Credit

The article is devoted to the analysis of the activity of regional commercial banks. The purpose of this article is to identify risks and prospects for the development of regional commercial banks in the digital economy. The author explores the concept of a regional bank, analyzes the peculiarities of the activities of regional banks in modern conditions of increasing banking competition. The article analyzes the state and trends of the development of the banking regional sector from the point of view of efficiency increase of their activities. It is shown that the number of regional banks is constantly declining, and a number of constituent entities of the Russian Federation do not have any longer in the structure of their regional banking system banking credit organizations chartered in their territory as a legal entity. The authors concluded that the development of regional banks can be efficient only through the qualitative growth of each individual regional bank, since in quantitative terms this sector of the Russian banking systems will only decrease. As an example the activity of Rostov bank Tsent-Invest and the regional bank of the Republic of Tatarstan Ak Bars Bank are shown, which occupied certain niches in the Russian banking system and fully compete with foreign banks. To identify and assess the current risks of the activity of regional banks specific characteristics of the digital transformation of the banking industry are determined. As the main risks of development, the authors identified the following ones: risk of increased banking competition, on the one hand, and the risk of monopolization of the banking market, on the other; risk of underfunding of financial technologies; information risks and cyber risks; risks of insufficient financial literacy of consumers of banking products and services; risks of customer base reduction. As opportunities for the development of regional banks the use of remote banking services, allowing to attract new customers, expansion of participation in the state programs, emergence of opportunities for the introduction and development of new business models, in particular ESG-banking are identified. The Bank of Russia can provide certain support for the development of regional banks in the context of digital transformation and increasing banking competition by creating and developing nationwide banking infrastructure platforms.

scholarly journals A Study on the New Roles of China’s Commercial Banks in the Construction of Digital Government

2021 ◽  
Vol 2 (4) ◽  
Author(s):  
Qian Xu
Keyword(s):  
Commercial Banks ◽  
Operation Mode ◽  
Active Role ◽  
Digital Economy ◽  
Digital Government ◽  
New Era ◽  
Bank Of China ◽  
Government Operation ◽  
Intelligent Technology ◽  
The Relationship

Digital government is a new government operation mode supported by the new generation of information technology, which is based on the reconstruction of e-government and the integration of intelligent technology. In terms of the relationship between economic foundation and superstructure, digital government is an inevitable requirement and adaptation form for the development of digital economy. As an important participant of digital economy, commercial banks play an active role in promoting the construction of digital government. This paper focuses on the new roles of commercial bank of China in the construction of digital government, namely the integrator of digital government scenario extension, the promoter of digital government platform application and the partaker of cost-sharing for digital government construction. Based on the relationship between banks and governments in the new era, the paper also briefly analyzes the driving force and innovative development path of domestic commercial banks in digital construction.

scholarly journals Research on the development mode of digital channels of commercial banks based on blockchain finance

2021 ◽  
Vol 292 ◽  
pp. 02010
Author(s):  
Shuaiyin Yang ◽  
Xiaoyang Han ◽  
Gengyuan Tian ◽  
Haiyue Tuo
Keyword(s):  
Commercial Banks ◽  
High Speed ◽  
Rapid Development ◽  
Digital Economy ◽  
Real Economy ◽  
Development Mode ◽  
Blockchain Technology ◽  
Digital Development ◽  
Key Industries ◽  
Digital Channels

—In 2021, blockchain was included in the national five-year plan for the first time, and in the chapter of “Accelerating Digital Development and Building Digital China”, blockchain was listed as one of the seven key industries of digital economy in the 14th Five-Year Plan. The rapid development of blockchain technology not only promotes the high-speed operation of China’s real economy and greatly improves the overall service quality of China’s digital economy, but also provides new development ideas for the innovative development of digital channels of commercial banks. In this paper, through the use of literature research method and qualitative analysis method, we deeply analyze the challenges faced by the development mode of commercial banks at the present stage, etc. Accordingly, we propose corresponding countermea-sures and suggestions from the perspectives of research and development of technology, customer privacy protection and improvement of service efficiency, so as to continuously empower the digital transformation of commercial banks in China.

scholarly journals Application of Blockchain Technology in Commercial Banks

2021 ◽  
Vol 235 ◽  
pp. 03070
Author(s):  
Qingquan He
Keyword(s):  
Commercial Banks ◽  
Digital Economy ◽  
Blockchain Technology ◽  
Asset Trading ◽  
Digital Asset ◽  
The Impact ◽  
Operation And Management

Blockchain technology is widely used in finance, digital asset trading and other fields because of its characteristics of decentralization, unforgeability and sharing. Blockchain has become one of the hot topics in fintech research, which affects the development of traditional financial formats. It is considered as the cornerstone of digital economy. This paper systematically analyzes the characteristics of blockchain technology, the impact of blockchain technology on the operation and management of traditional commercial banks, and prospects the application of blockchain technology in commercial banks.

scholarly journals Improving the Methodology of Liquidity of Commercial Banks in the Digital Economy

2021 ◽  
Vol 04 (05) ◽  
Author(s):  
Boburjon Bakhriddinovich Izbosarov ◽  
Keyword(s):  
Comparative Analysis ◽  
Commercial Bank ◽  
Commercial Banks ◽  
Digital Economy ◽  
Liquidity Management ◽  
Approaches To Studying ◽  
Theoretical Approaches

This article discusses theoretical approaches to studying the nature of commercial bank liquidity. The article also discusses the essence of the Bank’s economic content, liquidity and solvency. A comparative analysis of the liquidity management methods of a commercial bank is analyzed.

scholarly journals TRENDS OF ECONOMIC RELATIONS TRANSFORMATION IN CONTEXT OF DIGITAL ECONOMY (ON THE EXAMPLE OF COMMERCIAL BANKS AND BUSINESS SECTOR)

2019 ◽  
Vol 8 (4) ◽  
pp. 20-33
Author(s):  
Elena Igorevna Generalnitskaia
Keyword(s):  
Commercial Banks ◽  
Digital Economy ◽  
Digital Transformation ◽  
Business Sector ◽  
Comparison Analysis ◽  
Economic Relations ◽  
Russian Economy ◽  
Digital Services ◽  
Business Entities ◽  
Stable Growth

Background: The article presents the results of the study of digital transformation trends of economic relations between credit organizations and organizations of the business sector due to their significance for stable growth of Russian economy. Ongoing changes identified in this article as trends require thorough study in order to increase the efficiency of economic relations between credit organizations and organizations of the business sector. Research methods: survey, questioning, grouping, graphing, comparison, analysis, synthesis. Results of the study: 12 trends of the economic relations transformation between credit organizations and organizations of the business sector in context of digital economy were highlighted and survey was conducted among two groups of respondents – representatives of credit organizations and business entities. On the grounds of received results key trends were highlighted and comparative analysis of trends estimates of two groups of respondents was conducted. Discussion: summary of key trends was conducted, which allowed to highlight an important background for developing organizations of business sector – to connect Internet, in addition, advisability of monitoring credit organizations in terms of offering digital services and monitoring business sector in terms of increasing indicators of digital interaction was proved. Conclusion: a set of measures for increasing digitalization of economic relations between credit organizations and business sector was developed.

THE ROLE OF DIGITALIZATION IN THE BANKING SECTOR IN INCREASING THE STABILITY OF THE FINANCIAL MARKET

2021 ◽  
Author(s):  
Екатерина Петровна Рамзаева ◽  
Оксана Викторовна Кравченко
Keyword(s):  
Financial Market ◽  
Commercial Banks ◽  
Banking Sector ◽  
Digital Economy ◽  
Banking Systems ◽  
The Stability

В статье рассмотрены основные аспекты развития коммерческих банков в условиях цифровизации экономики. Основной целью данной публикации является определение роли цифровизации как фактора повышения конкурентоспособности банковских систем. The article discusses the main aspects of the development of commercial banks in the digital economy. The main purpose of this publication is to determine the role of digital advertising as a strategy for the competitiveness of banking systems.

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