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.

scholarly journals The role of digital technologies on growth of mutual funds industry

2020 ◽  
Vol 9 (2) ◽  
pp. 171-176
Author(s):  
Kishore Kumar Das ◽  
Shahnawaz Ali
Keyword(s):  
Literature Review ◽  
Mutual Funds ◽  
Financial Services ◽  
Financial Services Industry ◽  
The Novel ◽  
Future Prospects ◽  
Financial Industry ◽  
Services Industry ◽  
Government Websites ◽  
Back Office

This study aims to evaluate the effect of rapid changes in financial technologies and their impact on the financial services industry of India. A descriptive study has been made on the implementation of financial technologies in modern-day financial services Industries. An intensive literature review has been done from the existing most recent available journals, newspaper articles, government websites, and magazines. We have discussed the effects of the financial technologies on the existing financial system of India, the threats and challenges faced by the regulators in regulating the novel disruptive technologies. We have also discussed potential threats, challenges and future prospects of upcoming technologies in the mutual funds industry in India. Based on the literature review, it is found that financial technologies (FinTech) have a positive and important effect on the financial services industry of India. The AUM (Asset Under Management) has seen a tremendous jump in the recent past. It has also increased the customer experience with better access to the back office, even from remote places. In addition, the paper has also discussed the challenges faced by the regulators, who are yet to fully understand the implication of the fast-changing technological environment around us. Finally, this article contributes to the knowledge building and understanding of financial technologies and its impact on the financial industry, challenges, and future prospects.

The Price Is Not Right

2017 ◽  
Author(s):  
Robert Tillman
Keyword(s):  
Case Studies ◽  
Financial Services ◽  
Economic Trend ◽  
Electrical Energy ◽  
Financial Crime ◽  
Financial Services Industry ◽  
Energy Prices ◽  
Financial Industry ◽  
Investment Bank ◽  
Services Industry

This chapter presents the argument that financialization, as a broad economic trend, has increased the opportunities for financial crime among firms both within and outside the financial services industry. The growth of the financial services industry, increasing dependence of many economies on financial services, increasing focus on share value by firms, and dramatic increases in compensation within the financial services industry have all contributed to increases in the frequency and scale of financial crime in recent years. To illustrate these trends, three case studies are reviewed: (1) the manipulation of electrical energy prices by investment bank subsidiaries; (2) the deliberate rigging of the London Interbank Offered Rate (Libor); and (3) the fixing of foreign exchange rates by investment bank traders. The case studies involve efforts by financial industry insiders to profit by manipulating the infrastructure of those markets, tinkering with the mechanisms by which prices and rates are set.

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.

scholarly journals Analysis of spatial distribution characteristics of financial services industry clusters based on big data

2021 ◽  
Vol 275 ◽  
pp. 01042
Author(s):  
Langchen Liu
Keyword(s):  
Big Data ◽  
Spatial Distribution ◽  
Financial Services ◽  
Experimental Results ◽  
Financial Services Industry ◽  
Distribution Characteristics ◽  
Financial Industry ◽  
Industry Clusters ◽  
Spatial Distribution Characteristics ◽  
Services Industry

With the development of the times, the financial system is getting bigger and bigger, and the links between the various industries are getting closer, so we need to cluster the financial industry. But how to deal with is a problem, after thinking about comparison we found that we can make some treatment between them. So the purpose of this article is to analyze the spatial distribution characteristics of financial services industry clusters based on big data. Based on the experimental principle of data security, this paper processes some data that is known on the market and unknown within the enterprise, and simulates the experimental process by using the 4-model based V+ on big data evaluation, and then the experimental results are drawn. The experimental results show that our model can analyze the spatial distribution characteristics of industrial clusters by analyzing some characteristics of financial services enterprises.

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