scholarly journals CONTEMPORARY MANAGEMENT OF COMMERCIAL BANKS

2020 ◽  
Vol 1 (383) ◽  
pp. 226-234
Author(s):  
К. А. Кirdasinova ◽  
R. K. Sabirova ◽  
D. A. Aibossynova ◽  
G. К. Kabdullina
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
Quantitative Assessment ◽  
Banking System ◽  
Competitive Advantages ◽  
Present Stage ◽  
Banking Services ◽  
Consumer Interests ◽  
Contemporary Management ◽  
Relative Concept

The development of a market economy is characterized by instability of both external and internal organizational environment, which leads to the succession of the influence of the compared competitive advantages of credit and financial market entities on the formation of their competitive positions, which, in turn, means that the competitiveness of banks, like other financial institutions, is a relative concept. Competition is a rather subtle and flexible concept. In conditions of reduced demand for banking products and services, banking organizations that provide low-quality banking services are experiencing the greatest difficulties. With all of the scale of competition, the bank that analyzes and fights for its competitive position wins. The article explains and studies the reasons for the low competitiveness of banks in the modern banking system, which characterize the inability of banks to uphold and expand market share, promote banking products, and fully satisfy consumer interests. It is revealed that at the present stage, a quantitative assessment of the level of compe-titiveness of products and services of a bank and its management becomes an important issue, since it is a rather laborious, integrated process consisting of interconnected components and on which the competitiveness of the entire bank depends. On the basis of the study, relevant conclusions were identified.

Digital transformation of Russia's banking system as improving the competitiveness of banks

2021 ◽  
Vol 27 (2) ◽  
pp. 385-401
Author(s):  
Chenchen GUO
Keyword(s):  
Financial Market ◽  
Rapid Development ◽  
Banking System ◽  
Digital Transformation ◽  
Competitive Advantages ◽  
Banking Services ◽  
Stage Of Development ◽  
Banking Institutions ◽  
The Russian Federation ◽  
Development Methods

Subject. The article discusses the need for digital transformation of banking services in the context of ensuring the appropriate level of competitiveness of banking institutions in the Russian financial market. Objectives. The article aims to identify prospects and trends of the digital transformation of the Russian Federation's banking system in the context of improving the banks' competitive advantages and competitiveness at the current stage of development. Methods. For the study, I used the theoretical and methodological, and systems approaches. Results. The article identifies leaders in the digital transformation of banking processes and services, enabling them to provide a certain level of competitive advantages through improving the quality, accessibility and rate of services providing, as well as minimizing costs. Conclusions. The rapid development of the digital transformation of banking activities in the global financial market system necessitates the use of this experience by commercial banks of the Russian Federation.

scholarly journals PROSPECTS OF THE RUSSIAN BANKING SYSTEM IN THE CONDITIONS OF DEVELOPMENT OF THE EURASIAN INTEGRATION

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
T.E CHEKANOVA ◽  
Keyword(s):  
Financial Market ◽  
Banking Sector ◽  
Banking System ◽  
Competitive Advantages ◽  
Financial Indicators ◽  
Integration Policy ◽  
Banking Services ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

Purpose: is to study the impact of the EAEU integration on the Russian banking system and identify the benefits for its development due to integration processes. Results: the financial indicators of banking sectors of the EAEU countries are examined and their comparative analysis is performed. This showed the possibilities for the development of the Russian banking system in the domestic market and in the territory of the Union States. The regulatory documents of the EAEU have been studied. The expected positive effect for the Russian banking sector from the implementation of the EAEU common financial market project was noted. Various issues of introducing a single currency as a means of payment for the calculation of the EAEU countries are investigated. The current structure of payments of the Union States in national and world reserve currencies is considered. This allowed us to identify Russia's interests in creating a currency union and identify the constraints of this process. The presence of Russian banks outside the country and their position in the international arena are considered. A list of the main obstacles to their expansion abroad is formulated. The article reveals the relationship between the development of integration processes in the EAEU and the opportunities to increase the competitiveness of the Russian banking system in the global financial market. Conclusions: the Banking system of Russia today has a great potential for development on a national scale, in the market of banking services of the Eurasian Union and at the global level. The integration policy of the EAEU in the banking sector contributes to increasing the competitive advantages of the Russian banking system. The implementation of the agreed strategic plan to create a common financial market for the EAEU will accelerate the process of qualitative development of the Russian banking system.

Improvement of Premium Banking Services: The Need and the Potential

2021 ◽  
pp. 158-176
Author(s):  
Tatiana V. Schastnaya ◽  
◽  
Arina V. Horoshilova ◽  
Keyword(s):  
Financial Market ◽  
Commercial Banks ◽  
Banking System ◽  
Quality Parameters ◽  
Economic Interests ◽  
Banking Services ◽  
Balanced Development ◽  
Real Value ◽  
Financial Awareness ◽  
Market Premium

The need for a transition to an intensive and innovative development path is overdue in the banking system of Russia. The quality parameters of the premium banking service program for top-5 banks were analyzed. Factors of interest to the banks and their clients were identified. Suggestions on possible ways to improve premium banking programs were formulated. For the analysis, the authors selected banks with the most interesting bonus programs. The contextual analysis of the qualitative parameters of the premium banking programs allowed identifying these programs’ important components and possible problems. These are: the digitalization of banking services, which actively penetrates the segment of the wealthy client; lower business margins; search for the real value of a premium service for the customer. In the authors’ opinion, the most urgent problem is the combination of trends in the digitalization of the banking services and the needs of individualization of the approach to servicing a premium client. The main directions for improving premium banking programs were formulated. They are associated with improving the skills of the program staff; searching for new additional offers and organizing operational feedback for this; expanding the line of financial products offered to premium customers, for example, investment and insurance products, legal services. Premium banking provides a premium client with a special status in terms of service individualization, involves working with target segments, and offers bonus programs of banking products and services aimed at specific target audiences. Therefore, premium banking encourages the bank to identify and differentiate different target groups (audiences) by income level, investment goals, etc.; to conduct events (training seminars, conferences, presentations) to attract individuals to the financial market. Premium banking provides a balance between the economic interests of the company, the financial market and the banking system, commercial banks and individuals. Therefore, the task of developing this segment of the banking services market becomes relevant, meeting the modern needs of the economy. Primarily, the introduction and improvement of premium banking are beneficial to commercial banks themselves, as it increases their level of competitiveness, contributes to the formation of customer loyalty, thus allowing for a more complete satisfaction of customer needs in special services. Currently, improvements in premium banking could also contribute to raising the financial awareness of private clients concerning investment opportunities in the financial markets that would provide effective and balanced development of the financial market of Russia.

scholarly journals Antitrust regulation in the market of banking services

2019 ◽  
pp. 60-67
Author(s):  
A. D. Bartsits
Keyword(s):  
Financial Market ◽  
Russian Federation ◽  
Banking Sector ◽  
Banking System ◽  
The State ◽  
Banking Services ◽  
The Russian Federation ◽  
Antitrust Regulation ◽  
And Control

The article considers the financial market as an object of antitrust regulation and control, the banking services market. The importance of conducting antimonopoly control in the banking sector is given. The state of the banking system, as well as competition in the banking services market is analyzed. The interaction of two control bodies — the FAS of the Russian Federation and the Bank of Russia is given.

scholarly journals Implementation of Platforms’ Strategy by Financial Companies in China and Russia

2020 ◽  
pp. 112-122
Author(s):  
K. L. Astapov ◽  
Yifan Liu
Keyword(s):  
Financial Services ◽  
Cost Efficiency ◽  
Traditional Approach ◽  
Banking System ◽  
Competitive Advantages ◽  
Payment Systems ◽  
Banking Services ◽  
Global Trends ◽  
Russian Bank ◽  
Private Banking

The global trends underline importance of e-commerce, development payments system as well as alternative banking services. China is considered as one the leader in digital transformation. In that regard development of Tencent in the previous decades and the strategy of the company give understanding, how new financial services evolve from traditional approach to platform model. We believe that payment systems as well as other financial platforms would play more important role, competing with traditional banking system and determining landscape of financial system in future. At the same time strategies, based on digital platform, are also actively implemented by Russian financial sector. But competition of new financial organizations with traditional banks are more difficult in our country, because some banks (including Sberbank, Tinkoff) are started building their own platforms. Platform’s strategies are usually effective in mass market, because they are based on cost efficiency model. Nevertheless, some platform could be implemented in premium sector too and in the article, we developed private banking platform strategy for a large Russian bank, which might present strong competitive advantages in the nearest future. Current epidemic enforces digitalization processes, including premium sectors.

Security of Alternative Delivery Channels in Banking

2009 ◽  
pp. 305-327 ◽  
Author(s):  
Manish Gupta ◽  
H. Raghav Rao ◽  
Shambhu Upadhyaya
Keyword(s):  
Financial Institutions ◽  
Information Assurance ◽  
The State ◽  
Competitive Advantages ◽  
Design Development ◽  
Electronic Banking ◽  
Banking Services ◽  
Security Infrastructure ◽  
Alternative Delivery ◽  
State Of Art

To sustain competitive advantages, financial institutions continuously strive to innovate and offer new banking channels to their customers as technology creates new dimensions to their banking systems. One of the most popular such diversification of channel is electronic banking (e-banking). Information assurance is a key component in e-banking services. This chapter investigates the information assurance issues and tenets of e-banking security that would be needed for design, development and assessment of an adequate electronic security infrastructure. The technology terminology and frameworks presented in the chapter are with the view to equip the reader with a glimpse of the state-of-art technologies that may help towards learned and better decisions regarding electronic security.

scholarly journals FORMATION OF UKRAINE TRANSPARENCY BANKING

2019 ◽  
pp. 35-41
Author(s):  
T. Savchenko ◽  
L. Mynenko
Keyword(s):  
Development Strategy ◽  
Financial Market ◽  
Financial Institutions ◽  
Financial Services ◽  
Banking Sector ◽  
Banking System ◽  
Market Participants ◽  
Financial Organization ◽  
Credit Bureaus ◽  
National Bank

The article analyzes requirements of the National Bank of Ukraine for transparency of banks, banking groups and non-banking financial market participants. Transparency development process in the Ukrainian banking sector considered in a dynamic and in context of the EU's transparency requirements. Authors came to conclusion that the National Bank of Ukraine have to extended last achievements at banks transparency issues on activities of banking groups and to non-banking financial institutions. This conclusion based on rudiments of effective supervision of banking groups on a consolidated basis, as well as the adoption by the Verkhovna Rada of Ukraine of the Law on "Split". This law extends the National Bank's responsibility in the supervision of non-banking financial institutions (insurance, leasing, financial companies, credit unions, pawnshops and credit bureaus) since July 2020. Therefore, the National Bank should introduce new regulatory requirements to increase the transparency of banking groups and non-bank financial intermediaries. These reforms will establish uniform approaches and standards for disclosure of information on the activities of financial institutions, as well as provide the harmonization of national legislation with EU requirements. Expanding the list of public reporting information and establishing proper reporting intervals will ensure the stable functioning of the financial market and will increase the confidence in the financial system by the users of financial services. These measures will also help management of the financial organization to make informed decisions in defining their development strategy. Besides, they will provide further development of the competitive environment in the financial services industry. Keywords: transparency of banking system, transparency requirements, bank, banking group.

scholarly journals Development of Digital Banking Technologies in the Republic of Belarus

2019 ◽  
Vol 47 (47) ◽  
pp. 49-56
Author(s):  
Marina Zelenkevich ◽  
Galina Korjenevskaya
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
Retail Banking ◽  
Competitive Advantages ◽  
Banking Services ◽  
The Public ◽  
Stage Of Development ◽  
Current State ◽  
The Republic ◽  
Remote Identification

The purpose of the research is to determine the prospects and opportunities for digital transformation of the banking sector of the Republic of Belarus based on an analysis of the current state of bank informatization, current world trends to ensure a harmonious combination of interests of all participants in the country's banking system: the state, banks, firms and the public. The article analyzes the features of the current stage of development of the retail banking services market of the Republic of Belarus, which is characterized by dynamic development and widespread electronic and IT technologies. The expediency, necessity and timeliness of introducing such trend digital innovations of the retail banking sector of the Republic of Belarus as the development of the payment and settlement space, remote identification, including biometric, the development of the Open API, distributed registry technology (blockchain) are substantiated. Developed recommendations to improve the effectiveness of the proposed retail banking services through the modernization of existing and introduction of innovative ones. Identified key areas of innovation in the retail segment of banking services. Recommendations to improve the efficiency of retail banking services in the Republic of Belarus through the introduction of innovative digital banking technologies will enable Belarusian banks to gain strategic competitive advantages to achieve leadership positions in the financial market.

scholarly journals Study on Internet Banking Services of Commercial Banks in Nepal

2021 ◽  
Vol 3 (1) ◽  
pp. 111-120
Author(s):  
Sameer Gautam ◽  
Sujan Devkota
Keyword(s):  
Data Collection ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Banking System ◽  
Internet Banking ◽  
Primary Data ◽  
Banking Services ◽  
Service Oriented ◽  
The Comparative Study ◽  
Internet Banking Services

Most of the banks and financial institutions of Nepal have been moving towards the e-Banking system as all of them want to increase customer satisfaction and relationship (especially in terms of time), scope, and transaction facilities. The scope of this study is to analyze different Internet banking services and their parameters provided by commercial of Nepal. The study used a questionnaire by using Google Form, which was provided to the respondents in their email addresses for primary data collection.  A sample of four respondent’s banks, from 27 banks(Nepal Rasta Bank 2021) and different 18 attributes were taken to analyze their performance. The comparative study is done by analyzing different Internet banking services and their parameters provided by commercial banks such as Transaction-Intra and Interbank, Merchant tie-up, Wallet Support, Utility payment, Transaction cost, Transaction Limit, and IPS connectivity by using bar charts analysis. The study shows that there are no single parameters that can be used to compare the services. Thus, the model of study proposed here is helpful for the comparison of services of financial institutions.  Further, the model can be implemented to compare any kind of services in any service-oriented organizations.

scholarly journals Morosidad del sistema bancario producido por efectos de la pandemia

ECA Sinergia ◽  
2021 ◽  
Vol 12 (2) ◽  
pp. 17
Author(s):  
Jorge Baltazar Vallejo Ramírez ◽  
Diego Javier Torres Quille ◽  
Johanna Maribel Ochoa Herrera
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
Unemployment Rate ◽  
Banking System ◽  
High Unemployment ◽  
High Unemployment Rate ◽  
Palabras Clave ◽  
El Alto

  El principal problema que tiene actualmente el Ecuador es el incumplimiento de pagos frente a las instituciones financieras, ocasionado por el alto índice de desempleo que se genera producto de la pandemia. Por tal motivo el presente artículo tiene como objetivo de establecer el comportamiento de la morosidad a nivel del sistema bancario en el Ecuador, se analiza los antecedentes que ocasionan las variaciones elevadas en la curva de morosidad, se realiza una comparación entre el cierre del año 2019 con lo que ha sucedido en el período enero – septiembre 2020. Una vez analizado las variables se comprueba que el aumento en la morosidad en el periodo enero – septiembre 2020 es producido por efectos de la pandemia ocasionada por el COVID- 19, pues al existir una elevada tasa de desempleo los deudores no pudieron seguir afrontando sus pagos de forma normal como lo venían haciendo meses antes de la pandemia, dejando como resultado una elevada cartera morosa en las entidades financieras del país.   Palabras clave: Morosidad, variación, mercado financiero, dinero, covid 19.   ABSTRACT   The main problem that Ecuador currently has is the default of payments to financial institutions, caused by the high unemployment rate generated by the pandemic. For this reason, this article aims to establish the behavior of delinquency at the level of the banking system in Ecuador, analyzes the background that cause the high variations in the delinquency curve, a comparison is made between the end of 2019 with what has happened in the period January - September 2020. Once the variables have been analyzed, it is verified that the increase in delinquency in the period January - September 2020 is produced by the effects of the pandemic caused by the COVID-19, since there is a high unemployment rate, debtors could not continue to face their payments in a normal way as they had been doing months before the pandemic, leaving as a result a high delinquent portfolio in the financial entities of the country.   Keywords: Delinquency, variation, financial market, money, covid 19.

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