Digital Transformation of Banks: the Swiss Experience

2020 ◽  
pp. 199-204
Author(s):  
M. A. Galper
Keyword(s):  
Corporate Culture ◽  
Commercial Banks ◽  
Systems Approach ◽  
Digital Transformation ◽  
New Paradigm ◽  
Scientific Methods ◽  
Macroeconomic Conditions ◽  
Digital Format ◽  
Banking Business ◽  
General Scientific

The presented study serves the purpose of developing the theoretical and methodological framework for the digital transformation of commercial banks and the development of scientific and practical recommendations on its implementation for the managers of financial and credit organizations.Aim. The study aims to provide a theoretical justification and explore the essence of digital transformation based on the experience of Swiss experts in financial consulting, and to develop a comprehensive solution for its implementation by commercial banks in the context of society’s transition to a new paradigm.Tasks. The authors specify the conceptual framework associated with the transition of the banking business to a digital format and examine the practical aspects of the digital transformation of commercial banks.Methods. This study uses a systems approach and general scientific methods of cognition to show and substantiate the mechanism of transformation of commercial banks under the influence of digitalization processes.Results. The concepts of digitalization, automation, and digital transformation are specified. Recommendations are given for adapting a banking business to modern macroeconomic conditions, which bring about changes in the preferences of the clients of traditional banks and make it impossible for banks to continue operating within the current paradigm.Conclusions. Commercial banks should rely on a comprehensive approach to digital transformation to ensure long-term competitive advantages. The Swiss model is premised on simultaneously addressing the bank’s strategy, organizational structure, and corporate culture. Methodological recommendations for each of these aspects are provided.

Bank Marketing: Features, New Trends, and Prospects

2019 ◽  
pp. 83-88
Author(s):  
E. N. Valiev ◽  
E. N. Veysov
Keyword(s):  
Systems Approach ◽  
Marketing Research ◽  
Theory And Practice ◽  
Scientific Publications ◽  
Scientific Methods ◽  
New Directions ◽  
General Scientific ◽  
Modern Economic ◽  
The Subject ◽  
Bank Marketing

The importance of the subject of this study is attributable to the need of developing the theory and practice of formation of bank marketing, its features and new trends associated with this concept. Prospects for the development of banks and their ability to quickly and efficiently address new challenges presented by the market can be determined through modern forms, methods of management and creative use of financial marketing opportunities.Aim. The presented study aims to examine the specific aspects, principles, conditions, factors of emergence, and prospects for the development of bank marketing and forms of its management in modern economic conditions.Tasks. The authors identify the major trends and perspective directions in the development of bank marketing in Azerbaijan at the current stage.Methods. As its methodological and theoretical basis, this study uses a systems approach to the analysis of its subject, conceptual approaches outlined in the works of Azerbaijani, Russian, and foreign scientists in the field of bank marketing. These methods are used to determine the essence of bank marketing, present the types and organization of marketing research, and identify the characteristic traits, new forms, and directions for the development of bank marketing.Results. The study uses general scientific methods of cognition in various aspects to identify characteristic traits, trends, and new directions of bank marketing. A review of scientific publications shows that academic papers tend to focus on general conceptual approaches to the practical application of marketing. The authors believe that the issues of organization of a comprehensive bank management system, its implementation based on innovations in the promotion of banking products and services in the financial market, and substantiation of channels for their distribution among consumers are insufficiently explored. This makes the subject of this study extremely relevant due to the inevitable optimization of the organizational structure of banks through comprehensive implementation of the marketing system.Conclusions. Theoretical and practical issues of bank marketing are examined. As a result, the specific features and characteristic traits of this mechanism, conditions and factors for its emergence, and its prospects in the context of the digital economy are analyzed.

scholarly journals Formation of educational ecosystems through the digital transformation of the educational environment

2021 ◽  
Vol 121 ◽  
pp. 03004
Author(s):  
Irina Petrovna Gerashchenko ◽  
Vasiliy Aleksandrovich Kovalev
Keyword(s):  
Educational Environment ◽  
Digital Transformation ◽  
Scientific Methods ◽  
The Core ◽  
Business Ecosystem ◽  
Theoretical Approaches ◽  
Economic Interaction ◽  
General Scientific ◽  
The One ◽  
Graduating Students

Cognitive and digital transformation stimulates both academic and applied interest in the concept of socio-economic ecosystems. Today, traditional interaction chains in education, cooperation forms, for example, network ones, should give way to new organizational-economic interaction mechanisms – educational ecosystems. Research purpose is development of theoretical approaches to the formation of cross-geographic educational ecosystems through the digital transformation of the educational environment. The study is based on general scientific methods of systematization, comparison and generalization of research in the field of formation and functioning of ecosystems. Structural-functional and integrated approaches were used to develop the concept of formation of educational ecosystems. A comparative analysis of three overlapping ecosystem concepts (business ecosystems, knowledge ecosystems and innovation ecosystems) was carried out. The type, approaches and strategies for the formation of cross-geographic educational ecosystems have been determined. It is noted that digital transformation forms a digital educational environment, which can serve as the basis for the formation of cross-geographic educational ecosystems. As a typical basis for the formation of an educational ecosystem, it is proposed to use a business ecosystem as a form of socio-economic interaction of actors. As a strategy for the formation of an ecosystem, a structural strategy is defined with the allocation of a core – a leading university or an association of universities, and as actors – universities, students, post-graduate students, teachers, employees, graduating students, employers and other stakeholders. It is noted that the core plays a key role in the formation of a cross-geographic educational ecosystem. An effective strategy of the educational business ecosystem depends on the ability of the core to place other participants in positions and endow them with roles, on the one hand, corresponding to the strategy of the ecosystem as a whole, on the other hand, ensuring the actors’ satisfaction.

scholarly journals INTERNATIONAL EXPERIENCE OF ASSESSMENT OF CREDIT CAPACITY OF BORROWERS BY COMMERCIAL BANKS

2021 ◽  
Author(s):  
Natalia Ostrovska
Keyword(s):  
Commercial Banks ◽  
System Analysis ◽  
Bank Lending ◽  
Management Skills ◽  
Loan Portfolio ◽  
Scientific Methods ◽  
Financial Condition ◽  
Credit Risks ◽  
Scientific Principles ◽  
General Scientific

The country's economy is still in a state where its development is hampered by the lack of clearly defined, priority programs to stimulate entrepreneurship and industries, including through credit. Bank lending to businesses is an effective way out of the crisis. The strengthening of the role of credit relations as a means of stimulating the development of production is manifested in various aspects. The purpose of the article is to analyze and assess the creditworthiness of borrowers by commercial banks in the international space and the possibility of their introduction into the mechanism of bank lending, which is based on world practice. The study uses the fundamental provisions of economic theory, credit theory, banking, as well as studies of domestic and foreign scholars. General scientific principles of conducting complex scientific researches were used to solve the set tasks. In the process of research a number of general scientific methods were used, in particular: analogies, logical generalization and system analysis. Based on the identified problems, foreign experience was studied, on the basis of which the prospects for improving the assessment of creditworthiness of borrowers by commercial banks in Ukraine were identified. Based on studies of various methods of assessing creditworthiness, set out in the economic literature and used in banking practice, the author proposes an improved method of assessing the creditworthiness of a legal entity, which includes analysis of both quantitative and qualitative indicators of the borrower (financial condition, collateral, credit history, management skills). the borrower's ability to repay the loan). This method contains a sufficient, in the author's opinion, a set of indicators that will allow you to make decisions on the loan agreement and minimize credit risks. To reduce the risks of the loan portfolio, measures should be applied both at the level of risk management of the loan portfolio as a whole and at the level of the specific borrower.

Operational and investigative characteristics of bribery and coercion of a witness and victim to give false testimony

2020 ◽  
Vol 2020 (4) ◽  
pp. 164-173
Author(s):  
Galina Panchishnaya
Keyword(s):  
Comparative Analysis ◽  
Systems Approach ◽  
Criminal Responsibility ◽  
Scientific Development ◽  
Criminal Proceedings ◽  
Search Activity ◽  
Scientific Methods ◽  
Criminal Offenses ◽  
Theoretical Significance ◽  
General Scientific

One of the acute problems that have a significant impact on the effectiveness of criminal proceedings is the problem of unlawful influence on the witness and the victim. The disclosure and investigation of the aforementioned criminal offenses is increasingly accompanied by active opposition from interested persons who commit unlawful acts against the witness and the victim, accompanied by particular cruelty and cynicism. Bringing these persons to criminal responsibility is often hampered by the pressure exerted on the witness and the victim in the form of bribery and coercion to give false testimony. Revealing bribery and coercion of a witness and a victim to give false testimony for operational-search science and practice is a significant problem, the solution of which mainly involves the involvement of forces and means of operational units of the internal affairs bodies. It is quite logical that the study of crimes, carried out from the standpoint of the operational-search science, presupposes the formation of the operational-search characteristics of the considered category of crimes. The purpose of this study is a comprehensive scientific development of the main elements and the concept of operational-search characteristics of bribery and coercion of a witness and a victim to give false evidence. To achieve the intended goal, the author needs to solve the following tasks: to analyze the concept of the operational-search characteristics of crimes, to determine its main elements; to summarize and analyze the operational-investigative practice of bribery and coercion of a witness and a victim to give false testimony; analyze generalized data on the most typical operatively significant signs of a crime in the category under consideration. The study is based on the use of general scientific techniques and methods (logical-legal, systems approach, analysis, synthesis, etc.) and specific scientific methods (polling, questionnaires, content analysis of documents, interviewing, comparative analysis, etc.). The theoretical significance of the study lies in the fact that by studying the features of the operationalsearch characteristics of bribery and coercion of a witness and a victim to give false testimony, the author can make a certain contribution to the development of the theory of operational-search activity.

Financial control over the performance of State-financed institutions: The institutional approach

2021 ◽  
Vol 22 (5) ◽  
pp. 592-604
Author(s):  
Galina Yu. STUKALOVA
Keyword(s):  
Systems Approach ◽  
Financial Control ◽  
Financial Flows ◽  
Scientific Methods ◽  
Budgetary Control ◽  
General Scientific ◽  
Governmental Functions ◽  
The Government ◽  
And Control

Subject. The article discusses the role of the controlling function of governance as part of the evaluation of State-financed institutions' performance. Objectives. The study substantiates institutional aspects of the concept Control with reference to State-financed institutions and the specifics of their finance. I also carry out the theoretical examination of the need in controlling their performance. Methods. The study involves general scientific methods. Drawing on the systems approach and logical generalization, I sorted prevailing views on the analyzable categories. The abstraction was applied to summarize the main conclusions. Results. Scholars still interpret financial control differently. Furthermore, regulatory documents, which are adopted by both the legislature and the government, are not consistent with the existing views on financial control. Some interim types of financial control may possibly be something else, which shall be further studied. In my opinion, any activities associated with financial flows shall be qualified as financial. Therefore, the respective control is financial. governmental budgetary control is subdivided into control over budgetary and extrabudgetary finance due the specifics of budgetary institutions' finance. As the performance of State-financed institutions is evaluated in terms of the efficiency of budgetary spending on governmental functions, control should pursue the evaluation of State-financed institutions' performance by source of finance. Conclusions and Relevance. Governmental financial control includes several interim types, including budgetary and extrabudgetary activities. The performance of State-financed institutions shall be monitored by the two aspects so as to evaluate whether budgetary funds are efficiently spent on governmental functions. The findings are designated for unfolding theoretical views on the control over State-financed institutions' performance as a crucial tool for administration. The findings can be used for scientific and practical purposes in accounting and control.

Digital Strategies for the Transnationalization of the Banking Business: International Experience and Russian Practices

2021 ◽  
Vol 27 (7) ◽  
pp. 557-568
Author(s):  
A. R. Akhmetova ◽  
T. A. Subtselnaya
Keyword(s):  
Banking Sector ◽  
New Technologies ◽  
Developing Economies ◽  
Developed Countries ◽  
Successful Implementation ◽  
Scientific Methods ◽  
Economic Relations ◽  
Goods And Services ◽  
Banking Business ◽  
General Scientific

Aim. The strengthening of globalization processes goes hand in hand with the intensification of international trade in goods and services, the structure of which depends on the decisive influence of new technologies that change the nature of cross-border cooperation. This determines the goals for studying the development of transnational banking with allowance for digitalization, which serves the purpose of maintaining economic relations at this level.Tasks. The authors consider digital technologies in banking as a resource that ensures the successful implementation of banking strategies aimed at reaching the transnational level of operation.Methods. This study uses theoretical and general scientific methods of systems, logical, structural, and comparative analysis.Results. It is established that changes taking place in the transnational banking business are primarily associated with the decreasing growth of the banking sector in developed countries and the increasing financial influence of countries with transitional and developing economies, including Russia.Conclusions. Based on a review of the international and Russian experience of digitalization in the banking sector, it is concluded that an efficient strategy for the development of transnational banking involves the integration of digital and non-digital resources. The goal of this process is to develop a brand-new service for providing access to innovative banking products and services, allowing the bank to remain competitive.

scholarly journals Pedagogical stimulation of forming the readiness of future lawyers for legal activities: problem aspects and ways of their solution

2020 ◽  
Vol 8 (3) ◽  
pp. 4
Author(s):  
L. Yu. Naumova
Keyword(s):  
Systems Approach ◽  
Empirical Methods ◽  
Training Module ◽  
Methodological Issues ◽  
Present Stage ◽  
Scientific Methods ◽  
Complex Approach ◽  
General Scientific ◽  
Law Making ◽  
Stimulation Of

Introduction. At the present stage of the development of pedagogical science in the theory and methods of vocational education, the issues of studying the characteristics of the pedagogical process for preparing a modern lawyer remain unresolved, in psychological and pedagogical works there is no unambiguous idea of the nature and structure of the readiness of future lawyers for law-making activities, organizational and methodological issues. Problems of pedagogical stimulation of the formation of readiness of future lawyers for law-making activity are not comprehensively covered.Materials and Methods. The methodological basis of the study are: the activity approach (B.G. Ananyev, V.N. Batishchev, L.S. Vygotsky, A.N. Leontiev, S.L. Rubinstein, A.V. Petrovsky, N.V. Kuzmina, A.M. Novikov, M.S. Kagan and others); A complex approach (A.A. Verbitsky, E.G. Skibitsky); systems approach (I.V. Blauberg, P.C. Anokhin, V.N. Sadovsky, A.I. Uemov, B.G. Yudin, A.M. Novikov, N.V. Kuzmina, A.N. Leontiev, B.F. Lomov, S.L. Rubinstein and others); sign-contextual approach (A.A. Verbitsky, E.A. Sorokoumova, I.A. Zimnyaya, etc.); axiological (value) approach (O.G. Drobnitsky, M.S. Kagan, L.V. Baeva, V.S. Stepin, N.L. Khudyakova, M.S. Yanitsky, A.V. Kiryakova, N.D. Nikandrov et al.).To achieve the goal of research and solve the problems identified in the work, a set of complementary, interconnected and non-contradictory methods of scientific research: have been used a) general scientific methods; b) psychological and pedagogical methods c) practical empirical methods.Results. Pedagogical stimulation is understood as a purposeful, emotional and intellectual subjective process of inducing and activating the potential of students, using methods and means of external psychological and pedagogical influence aimed at achieving the planned result and increasing the efficiency of stimulated law-making activities. Consultation and a training module can be the means of pedagogical stimulation of the formation of the future lawyer’s readiness for law-making activity. The characteristics of the stages of the work and the results obtained are also widely represented. 

Digital environment of trust

2021 ◽  
Vol 20 (7) ◽  
pp. 1343-1367
Author(s):  
Maksim V. VLASOV ◽  
Ol'ga N. BUCHINSKAYA ◽  
Vasilii V. SUKHIKH
Keyword(s):  
Theoretical Analysis ◽  
Systems Approach ◽  
Digital Environment ◽  
Factors Affecting ◽  
Scientific Methods ◽  
Economic Relationships ◽  
Economic Relations ◽  
Digital World ◽  
General Scientific ◽  
High Level

Subject. The paper analyzes the digital environment of trust, its role in processes of digitalization of economic relationships, problems of trust, arising during the use of digital tools in the society. Objectives. The purpose is to perform a theoretical analysis of the digital environment of trust, identify and study external and internal factors affecting the emergence and strengthening of threats to the digital environment of trust, develop proposals to reduce these threats. Methods. We apply general scientific methods of knowledge, systems approach, methodological tools of institutional theory, comparative analysis of modern approaches to the study of digitalization, and evaluation of digital economy development. Results. We substantiate the use of the “digital environment of trust” term, undertake a theoretical analysis of digital environment of trust. The latter enabled to describe and investigate threats to digital environment of trust and propose measures to reduce the revealed threats. Conclusions. Digitalization increases risk and uncertainty in economic relations. Only trust can encourage people to take digitization without fears to go to the new digital world. It is crucial to create a digital environment of trust, i.e. certain conditions of interaction in the digital world that would help achieve a high level of confidence in digital technologies.

Structural Digital Transformation of Insurance Management Development Model in the Regions of the World under the Financial Crisisа

2021 ◽  
Vol 39 (9) ◽  
Author(s):  
Liudmyla V. Galaieva ◽  
Tetiana V. Koval ◽  
Kostiantyn H. Rohoza ◽  
Svitlana A. Diachenko ◽  
Mykhailo Basarab
Keyword(s):  
Global Financial Crisis ◽  
Negative Impact ◽  
Management Development ◽  
Digital Transformation ◽  
Insurance Company ◽  
Scientific Methods ◽  
Main Research ◽  
The World ◽  
General Scientific ◽  
Methodological Approaches

Today's global financial crisis and the negative impact of the COVID-19 pandemic generate an urgent need for a thorough study of scientific and pragmatic principles, methods, and tools for managing and regulating insurance activities. The article aims to develop theoretical principles, methodological approaches, and practical aspects of the world experience in insurance management models. The main research methods consist of general scientific methods, statistical analysis, comparison, generalization, system approach. The main results of the work include the following: improvement of the content of the notions "insurance management" and "the management system of an insurance company.

scholarly journals Artificial Intelligence as Effective Digital Transformation Legal Means of Business, Management, Economy and Technology

2021 ◽  
Vol 110 ◽  
pp. 05005
Author(s):  
Olga V. Sushkova ◽  
Irina V. Sazonova ◽  
Aleksandr V. Tyulin ◽  
Marina S. Ruzhentseva
Keyword(s):  
Artificial Intelligence ◽  
Business Processes ◽  
Business Management ◽  
Digital Transformation ◽  
Professional Activity ◽  
Scientific Methods ◽  
Professional Activities ◽  
General Scientific ◽  
Cloud Technologies ◽  
Technology Transformation

Currently, entrepreneurial and professional activities are being transformed towards digital business, management, economics and technology, which are viewed through the prism of four new technological areas: artificial intelligence, blockchain, cloud technologies and data analytics. Therefore, we will use multidisciplinary approaches that show how digital tools affect all areas of business processes, management and economics. Purpose of the study: to determine the role and importance of artificial intelligence for building an effective model of business, management, economy and technology transformation, business and professional activities in the context of law and society digital transformation. Methods: The methodological basis of this work was general scientific methods of cognition of legal phenomena, such as synthesis, the method of analogy, formal logic and others, as well as specific scientific methods for studying the category of artificial intelligence in the field of entrepreneurial and professional activity. Results and novelty: To achieve the goals of using AI, it can be described as follows: the first step is to use big data, the second is to apply analytics, and the third is forecasting. AI is used to collect and store data for analysis and further forecasting. Companies in IT, marketing, finance, accounting and sales are using AI to become more competitive and efficient.

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