scholarly journals Банки и финансови иновации – теоретични основи (Theoretical Foundations of Innovation in Banking and Finance)

2020 ◽  
pp. 92-104
Keyword(s):  
Financial Services ◽  
Banking System ◽  
Financial Innovation ◽  
Crucial Importance ◽  
Financial Industry ◽  
Important Place ◽  
Theoretical Concepts ◽  
Banking And Finance ◽  
Key Factor ◽  
Theoretical Foundations

The present article aims to give a short overview of the theoretical concepts of innovation in the financial industry. It shows that innovation holds an important place and is seen as a major factor in the evolution of financial services, economic and social development. The goal of the article is to point out the crucial importance of financial innovation for the future of the banking system, the economic development, as well as the development of society as a whole. The conclusion is that, based on the theoretical foundations, financial innovation is a key factor of choice of practical approaches for increasing the profitability and efficiency of banking

A Study on Customer Satisfaction on Commercial Banks in Theni District

2018 ◽  
Vol 5 (2) ◽  
pp. 41
Author(s):  
G. Pooranam ◽  
K. Nandhini
Keyword(s):  
Customer Satisfaction ◽  
Financial Services ◽  
Commercial Banks ◽  
Banking System ◽  
Modern State ◽  
Satisfaction Level ◽  
Important Place ◽  
Study Find ◽  
Modern Economy ◽  
Economic Objective

Banks play a very important role in the economic development of every modern state and country. Banks operate at the heart of the modern economy. Today’s Business is continually looking for ways to achieve a competitive advantage. Banks essentially are a social organization which rendering financial services to subserve socio-economic objective of the society. Banking system occupies an important place in nation’s economy. In this study, find out the customer satisfaction level of the Commercial banks in Theni District.

Banking and Financial Services Industry in the Wake of Industrial Revolution 4.0

2021 ◽  
pp. 71-82
Author(s):  
Vibha Bhandari
Keyword(s):  
Financial Services ◽  
Industrial Revolution ◽  
Financial Services Industry ◽  
Technological Advancement ◽  
Financial Industry ◽  
Banking And Finance ◽  
Doing Business ◽  
Modern Methods ◽  
Services Industry ◽  
Existing Form

The banking and financial services industry today stands at the crossroads between the traditional methods of business and the evolving modern methods of banking and providing financial services. Technological advancement in the field of finance has led to a whole new form of doing business which is a radical departure from the conventional methods of doing business. The players in the field of banking and finance are facing challenges and competition from entities which never existed in the traditional sphere. The banking and financial industry is not only facing stiff competition from these new age players; it is also facing challenges to find fresh talent who can tide off this industry. This chapter in its existing form shall present an overview of the banking and financial industry of today in the wake of Industrial Revolution 4.0 and identify some associated challenges.

Enhancing Islamic Banking and Finance in Southeast Asia Through the Application of Artificial Intelligence

2020 ◽  
pp. 36-53
Author(s):  
Nor Razinah Mohd. Zain ◽  
Rusni Hassan ◽  
Azman Ismail
Keyword(s):  
Artificial Intelligence ◽  
Southeast Asia ◽  
Financial Services ◽  
Banking Sector ◽  
Banking System ◽  
Islamic Banking ◽  
Financial Services Industry ◽  
Positive Trend ◽  
Banking And Finance ◽  
Services Industry

The disruption of innovations in the banking sector continues to indicate a positive trend among bankers and customers. The innovations of technology that stand with speediness and fast track transaction effectively support the spread in using banking system without barriers. Recently, the financial services industry continues to be surprised by the latest technology's innovation that is known as artificial intelligence. By looking into the ecosystem for the future sustainability of Islamic banking and finance in Southeast Asia, Islamic financial services may learn and adopt several best practices of A.I. from global banking practices. With a focus on the Islamic financial services industry in Southeast Asia, an exploration on the readiness of such industry and advantages of artificial intelligence are made. This research depends on the qualitative investigation from documentary materials. The leadership of Islamic banks shows their readiness in accepting artificial intelligence.

Introduction of Financial Technologies in Digital Banking

2021 ◽  
Vol 9 (11) ◽  
pp. 614-617
Author(s):  
Kudratova Feruza Nasriddinovna
Keyword(s):  
Financial Services ◽  
Services Quality ◽  
Banking System ◽  
Financial Sector ◽  
Digital Economy ◽  
Financial Industry ◽  
Main Subject ◽  
Financial Products ◽  
Technology Startups ◽  
Financial Technology

Abstract: Presently, the whole world is concerning about digitalization that has affected all areas of people's lives, and financial sector is no exception. Today, Financial Technology (FinTech) is recognized as one of the most important and rapidly evolving innovations in the financial industry. FinTech has promised that technology startups will reduce costs, improve financial services quality and create a more diverse and sustainable financial outlook. Fintech services are indispensable part of every single financial products and services. In this regards, it is of great importance to consider carefully their services in banking system and opportunities provided by them in, which is the main subject of this article. Keywords: financial technologies, digital banking, digital economy.

scholarly journals Basel III's New Precautionary Measures are Adapted to the Regulatory and Regulatory Requirements of Islamic Banks and Banks to Reduce Risk

2017 ◽  
Vol 1 (2) ◽  
pp. 609-649
Author(s):  
Abd Allghani Ali Mansour AlSibai
Keyword(s):  
Financial Services ◽  
Banking System ◽  
Financial System ◽  
Islamic Banks ◽  
Financial Industry ◽  
Important Player ◽  
Precautionary Measures ◽  
The Stability ◽  
And Control ◽  
The Impact

The Islamic financial services industry has grown significantly over the last two decades to the point that it is today an important player in the international financial system. The absence of regulation, regulation and control of these financial services, especially after the shocks caused by the recent financial crises, has become a great risk, and this is because of the nature of deposits in the Islamic financial system and ways of financing. For this reason, it became imperative to know whether traditional standards or so-called protective precautionary regimes could protect and ensure the stability of international financial systems. As Islamic banks have become the largest share of the Islamic financial industry, it is necessary to study how Islamic banks operate to what extent they can apply new prudential standards. The main objective of this research study falls within one of the most important steps to develop and modernize the Islamic banking system to become more competitive in an environment that requires transparency and requires integration and integration with international financial markets. In order to raise the level of its activities and away from investment risks or reduce them .. Which requires to achieve this goal to study the effects and the possibility of applying new standards of precautionary Islamic banks, in particular: "the impact of Basel III."

Arah Kebijakan Pengawasan terhadap Perbankan Syariah dalam Sistem Perbankan Nasional di Indonesia

2020 ◽  
Vol 3 (1) ◽  
pp. 41-52
Author(s):  
Andrew Shandy Utama
Keyword(s):  
Central Bank ◽  
Financial Services ◽  
Banking System ◽  
Islamic Banking ◽  
Legal Research ◽  
Islamic Bank ◽  
Independent Direction ◽  
National Banking System

This research aims to explain the direction of policy regarding supervision of Islamic banking in the banking system in Indonesia. The method used in this research is normative legal research using the statutory approach. The results of this research explain that the policy regarding supervision of Islamic banking in the national banking system in Indonesia is headed toward an independent direction. In Law Number 7 of 1992 and Law Number 10 of 1998, it is stated that supervision of Islamic banking is done by Bank Indonesia as the central bank. Based on Law Number 21 of 2008, supervision of Islamic banking is strengthened by not only being supervised by Bank Indonesia, but also by the National Sharia Council of the Majelis Ulama Indonesia by placing Sharia Supervisory Councils in each Islamic bank. After the ratification of Law Number 21 of 2011, supervision of Islamic banking moved from Bank Indonesia to an independent institution called the Financial Services Authority.

Islamic Banking in Nigeria: Issues and Prospects

2016 ◽  
Vol 4 (2) ◽  
pp. 34 ◽  
Author(s):  
Nuruddeen Abba Abdullahi
Keyword(s):  
Public Awareness ◽  
Banking System ◽  
Islamic Banking ◽  
Secondary Sources ◽  
Banking And Finance ◽  
Adequate Knowledge ◽  
Islamic Religion ◽  
Developmental Opportunities ◽  
The Subject ◽  
Nigerian Banking

The Nigerian banking reform precipitated the adoption of Islamic banking and finance in 2009 as additional door to banking mechanism in the country. However, the implementation of the Islamic banking or non-interest banking has generated a lot of debate, specifically because its foundations are based on Islamic religion. This paper briefly reviews the concept, the challenges and prospects of Islamic banking in Nigeria. The paper relies on the secondary sources by reviewing and analysing various works on the subject. A reflection on the size of its population and the developmental opportunities indicates that Nigeria has the prospect of becoming the hub centre of Islamic finance in Africa. Yet there are numerous challenges to the development of the Islamic banking system in the country, including misrepresentation of the system, lack of linkages and investment institutions, lack of adequate knowledge, as well as shroud business ethos and corruption, which is endemic in the country. The paper recommends the need for greater public awareness about Islamic banking and creation of enabling environment (i.e. the legal, accounting and taxation systems) for the working of Islamic financial system.   

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