scholarly journals Banking sector of Spain: innovation

2019 ◽  
pp. 49-57
Author(s):  
T. Malashenko
Keyword(s):  
Global Economy ◽  
Banking Sector ◽  
New Technologies ◽  
Mobile Banking ◽  
The European Union ◽  
Key Factor ◽  
Leading Position ◽  
Mobile Banking Applications ◽  
Alternative Finance ◽  
Global Financial System

In a turbulent global economy, the introduction of innovations in the banking sector is a key factor in improving efficiency and stabilizing the global financial system. World financial and economic crisis of 2008-2009 became a serious test for the economy of Spain. The recognition of the importance of adapting the banking sector to new economic conditions is becoming increasingly relevant for considering modern processes taking place in the European Union and in the global economy as a whole. Spain is at the forefront in introducing digital technology into the banking sector, but its experience has been little studied. This is the first work analyzing the Spanish experience in introducing, developing and operating new technologies: Blockchain, mobile banking applications, alternative finance, sharing platforms, crowdsourcing. The author concludes that the introduction of innovation has transformed the banking sector in Spain and has led to a decrease in bank employees and a reduction in offices. The freed up resources were directed to the activation of the digital segment, which led to the leading position of Spain in digital banking. In the future, an even greater spread and development of these technologies is expected. It will grow more slowly than income, as deferred demand is absorbed and households increase their savings rates.

scholarly journals From Analogue to Digital Banking: Developments in the European Union from 2007 to 2019

2020 ◽  
Vol 12 (2) ◽  
pp. 17-32
Author(s):  
Michael Menrad ◽  
József Varga
Keyword(s):  
Digital Media ◽  
Banking Sector ◽  
New Technologies ◽  
Long Term Results ◽  
Adoption Process ◽  
The European Union ◽  
Complete Rejection ◽  
Time Series Analyses ◽  
Analogue To Digital

Research on banking regularly assumes that digitalisation has an impact on banking. This blanket assumption is not erroneous, but it is too inaccurate, too undifferentiated and probably only applies in the long term. Results of this study show that the customers’ habits and requirements and thus the willingness to accept digital technologies in the banking sector are changing within a significantly different speed. The spread ranges from almost complete use, as in Scandinavia, dynamic development, as in the Czech Republic and Greece, to almost complete rejection, as in Bulgaria and Romania. This paper examines and demonstrates the influence of various socio-demographic and emotional characteristics on the use of digital media. Shifts in customer behaviours are revealed and discrepancies are identified by time series analyses and factor analyses. The results reveal the forthcoming death of the bank branch network accompanied by a regionally varying acceptance of Internet and mobile banking. This area of tension requires banks to have a good understanding of customer requirements regarding the demand for digitisation in order to avoid misguided decisions. However, the bank’s side in the adoption process of new technologies by customers has been neglected by scientific studies so far. In order to measure the state of digitisation of banking services, a comparison equation is presented that allows banks to be benchmarked in terms of the degree of digitisation and enables banks to dynamically track changes in their customer portfolios.

scholarly journals Съвременни аспекти на регулирането на финансовите пазари (Contemporary Aspects of Financial Markets Regulation)

2020 ◽  
pp. 14-28
Keyword(s):  
Financial Markets ◽  
Main Part ◽  
Banking Sector ◽  
Financial Derivatives ◽  
The Third ◽  
Banking Regulations ◽  
Scientific Project ◽  
Alternative Finance ◽  
Global Financial System ◽  
Financial Markets Regulation

Contemporary Aspects of Financial Markets Regulation The article reflects the work and results under a university scientific project (UNWE, 2017- 2019) bearing the same title. The choice of the specific aspects to be explored is based on the market developments post-2008, when the world was already affected by the Global financial and economic crisis. The banking sector regulation is a subject of the first main part, as the banks were in the epicenter of the financial collapse in 2008 and afterwards, when many weaknesses and gaps in banking regulations became evident. The second main part of the article is about the financial derivatives market – those financial instruments were defined as drivers of the globalization of the crisis. The developments on the financial derivatives market, including its regulation, have a great impact on the global financial system and most notably on its stability. The third main part of the article treats the problems of alternative finance, as a forceful process of circumventing traditional banking is taking place. This is a new field, based on financial innovation, and its regulation is a contemporary matter. The fourth part is about the regulatory reforms of the Bulgarian financial market, given in perspective for a EU member state and respectively the effects for the national economy.

scholarly journals The moderating effect of analytical decision-making culture on the relationship between business intelligence drivers and organisational agility: Empirical study in Jordanian banking sector

2020 ◽  
Vol 10 (2) ◽  
pp. 113-127
Author(s):  
Raed Mohd AL-Hanandeh
Keyword(s):  
Decision Making ◽  
Business Intelligence ◽  
Convergent Validity ◽  
Banking Sector ◽  
Moderating Effect ◽  
Mobile Banking ◽  
Innovation Capacity ◽  
Mobile Banking Applications ◽  
Organisational Agility ◽  
The Relationship

The aim of this paper is to examine the moderating effect of analytical decision-making (ADM) on the relationship between business intelligence drivers [business intelligence (BI), external drivers (EXD) and innovation capacity (INC)] on organisational agility (ORA) in the Jordanian banking sector using mobile banking applications. This study was conducted on four Jordanian banks using mobile banking applications. Approach data were collected in total and 300 out of 360 surveys were valid for the analysis. By carrying out partial least squares hypotheses and applying the confirmatory factor analysis, the item reliability, convergent validity and discriminant validity were assessed. We tested the loadings and the t-statistics of the indicators on their corresponding constructs. The findings revealed that there is a certain statistical effect of BI, EXD and INC on ORA; there is an important role of ADM culture as the mediator on the relationship between BI, EXD and INC and ORA.   Keywords: Business intelligence, external drivers, innovation capacity, organisational agility, mobile banking application.

scholarly journals CONTEMPORARY INTERNATIONAL AND NATIONAL REGULATORY INSTRUMENTS OF CREDIT RISKS ABATEMENT AND THEIR IMPLEMENTATION IN UKRAINIAN BANKING SECTOR

2017 ◽  
pp. 95-106
Author(s):  
V. Yakubovsky
Keyword(s):  
Global Economy ◽  
Banking Sector ◽  
National Level ◽  
Financial Sector ◽  
The European Union ◽  
Regulatory Requirements ◽  
Credit Risks ◽  
Regulatory Instruments ◽  
National Bank ◽  
New Generation

Contemporary regulatory requirements and mechanisms which oriented to credit risks abatement and assurance of financial sector functioning abroad are reviewed with particulars of their implementation in national banking sector. As is demonstrated general reasons for new generation of regulatory measures of crisis resilience in financial sector are growned up from last global economy crisis which demonstrated vulnarability of main credit institutions and their failure to absorb considerable financial market fluctuations. To improve financial systems stability is the main goal of measures and instruments proposed by the international Basel committee on banking supervision as well as Directives and Regulations of the European Union, which should be implemented at the national level. Based on that last regulatory documents in this direction issued by national bank of Ukraine which are based on main international documents mentioned above are reviewed. In a generalised form statistical information on valuation and monitoring of most commonly used for collateral purposes types of assets is presented and discussed. Analyzed are main difficulties faced by valuers during providing practical activity in this field.

scholarly journals CREDIT RISKS MITIGATION AND BANKING COLLATERAL VALUATION IN UKRAINE

2020 ◽  
pp. 109-115
Author(s):  
V. Yakubovsky
Keyword(s):  
Global Economy ◽  
Banking Sector ◽  
National Level ◽  
Financial Sector ◽  
The European Union ◽  
Regulatory Documents ◽  
Credit Risks ◽  
National Bank ◽  
Risks Assessment ◽  
New Generation

Contemporary international requirements and mechanisms which are oriented to credit risks abatement and assurance of financial sector functioning are reviewed with particulars of their implementation in national banking sector. As is demonstrated general reasons for the new generation of regulatory measures of crisis resilience in financial sector are grown up from the last global economy crisis which demonstrated vulnerability of the main credit institutions and their failure to absorb considerable financial market fluctuations. To improve financial systems stability is the main goal of measures and instruments proposed by the international Basel Committee on Banking Supervision as well as Directives and Regulations of the European Union, which should be implemented at the national level. One of the underlining aspect in this new international regulatory documents is recognition of the assets valuation key role in the whole methodology of risks mitigation. Main approaches to consider time effect on assets valuation results are analyzed in this context. Based on these last international regulatory documents in this direction special Resolution No. 351of the National Bank of Ukraine has been issued for banks credit risks assessment. Much less attention in this Resolution is given to assets valuation which is linked to some extent with outdated national valuation standards. This situation requires active measures to be provided for updating basic national documents in this area as is underlined.

scholarly journals Work organization and the health of bank employees

2012 ◽  
Vol 20 (2) ◽  
pp. 226-234 ◽  
Author(s):  
Juliana Lemos Silva ◽  
Vera Lucia Navarro
Keyword(s):  
Banking Sector ◽  
New Technologies ◽  
Work Organization ◽  
Work Conditions ◽  
Dialectical Materialism ◽  
Work Related ◽  
Work Intensification ◽  
Psychological Pressure ◽  
Leading Position ◽  
Bank Employees

The Brazilian banking sector has undergone an intense restructuring process and taken a leading position in the incorporation of new technologies and organizational innovations. Computerization in the industry, in association with forms of work organization, has resulted in changes that reflect on the workers' health. Based on the theoretical and methodological frameworks of historical and dialectical materialism, this qualitative study investigates the work conditions of bank employees in order to identify the extent to which changes in work organization interfere with these workers' health. Data were collected through interviews held with 11 bank employees. In addition to physical sickening due to occupational diseases directly related to work intensification, the results also show an increased incidence of mental suffering and a feeling of loss of professional identity. Work-related frustration, instability and concerns related to psychological pressure resulting from the need to achieve goals predominated in the reports.

scholarly journals Digitalization – a Key Factor in the Personal Professional Development of Human Resources in Educational Organizations

2020 ◽  
Author(s):  
Maria Cristina SERB (TANISLAV) ◽  
Keyword(s):  
Professional Development ◽  
Human Resources ◽  
Global Economy ◽  
Education Quality ◽  
The European Union ◽  
Educational Organizations ◽  
Key Factor ◽  
Mindfulness Practices

In the European Union, we are trying to achieve an extended common area of education, that will have to face the challenges of a more global economy. The current European context offers the possibility of harmonizing VET education systems in the component countries and also the perspective of ensuring the education quality. Present-day researches show that students’ emotional development is decisive for school and life success or mental health. An important role in this process is played by the human resource in VET education. The teacher must be able to provide the opportunity for students to identify, use, understand and manage emotions, in order to communicate effectively, to empathize with those around us, to overcome challenges and to prevent and mitigate conflicts. This research presents an analysis of the role of digitalization in the personalprofessional development of human resources in educational organizations. Mindfulness practices are an important factor in intensifying focus and clarity of mind, processes that can help improve cognitive functions, ultimately having an impact on improving the balance between personal and professional life. This research presents the most important results regarding the need for personal-professional development of teachers through the processes digitalization. The data obtained are the result of applying a questionnaire on a representative sample of teachers from pre-university VET education, from Dambovita county. These served to shape a system of factors with a role in increasing the quality of the teaching process.

scholarly journals The impact of COVID-19 on consumer behavior in retail banking. Evidence from Romania

2020 ◽  
Vol 15 (s1) ◽  
pp. 534-556
Author(s):  
Claudia Gabriela Baicu ◽  
Iuliana Petronela Gârdan ◽  
Daniel Adrian Gârdan ◽  
Gheorghe Epuran
Keyword(s):  
Consumer Behavior ◽  
Global Economy ◽  
Banking Sector ◽  
Financial Education ◽  
Positive Influence ◽  
Retail Banking ◽  
Special Focus ◽  
Mobile Banking ◽  
Banking Services ◽  
The Impact

AbstractThe pandemic COVID-19 has severely affected the global economy. The strict lockdown measures have also changed the daily live, including consumer behavior in retail banking. In this context, the purpose of this paper is to investigate the impact of the COVID-19 crisis on consumer behavior in retail banking, with a special focus on the Romanian banking sector. To achieve our goal, we performed a survey among the Romanian consumers in retail banking, using as research method the field survey based on questionnaire. The final sample comprised 738 valid responses from the metropolitan area retail banking consumers. The research brings a fresh insight on retail banking services consumption during the pandemic and validates a conceptual model regarding the internet and mobile banking services acceptance. The research’ results highlighted, among others, that the variable concerning the perception of the COVID-19 pandemic effect on consumers’ lifestyle has a direct and positive influence on the variable regarding the attitude toward internet and mobile banking services, mediated by other variables like safety of internet and mobile banking use and trust in banks. Several social and managerial implications are also discussed, because it is possible that the tendency to use internet and mobile banking services will prevail even after the post pandemic stage, as new consumption behavior models are developing. Banks in Romania should increase their initiatives to offer financial education courses and online tutorials to familiarize customers with the use of digital channels. Banks should also improve communication with clients and design new products and services to increase the attractiveness of saving process. They should demonstrate flexibility in negotiating lending and refinancing conditions as well.

scholarly journals NER300: Success or Failure of Public Support for Low-emission Technologies?

2020 ◽  
Vol 15 (1) ◽  
pp. 189-196
Author(s):  
Grażyna Borys ◽  
Keyword(s):  
European Union ◽  
Global Economy ◽  
Large Scale ◽  
New Technologies ◽  
Public Support ◽  
Innovation Process ◽  
Death Valley ◽  
Low Carbon ◽  
The European Union ◽  
Low Emission

The Paris Agreement of December 2015 set a very ambitious target for the global reduction of greenhouse gases. Its implementation means the need to transform the global economy, including the European one, towards the economy characterised by the neutral level of these gases emission. Such transformation will not be possible without the dynamic development of breakthrough technological innovations on a large scale, which requires significant financial support from the public sector. This support should be primarily focused on the demonstration phase of the innovation process, which frequently turns into the so-called technological death valley. Demonstration projects are not commercial products as yet, they are characterized by untested technical reliability and the risk of no demand for products manufactured using new technologies. Therefore, private investors are not entirely willing to invest in them. In 2009 the European Union, in order to avoid the death valley, launched, through the promising innovative low-emission technologies, the NER300 programme – one of the world’s largest programmes supporting the supply of low-carbon commercial technologies, as one of the components of the Emissions Trading System – ETS. This programme is the subject of the presented article. Its purpose is to provide answers to three basic questions: 1) did the programme end with a success or a failure?; 2) what external and internal reasons determined the results of the programme?; 3) should the programme become a systemic element of the EU ETS? The article presents the results of NER300 and their interpretation in the context of the programme’s objectives. The research covering the reasons which determined the results of the programme used the existing subject literature on the NER300 programme and the special report issued by the European Court of Auditors presenting these results as well as the selected European Union documents and normative acts.

scholarly journals Information technology in the banking sector: Review of mobile banking

2016 ◽  
Vol 5 (2) ◽  
pp. 62 ◽  
Author(s):  
Nadire Cavus ◽  
Dambudzo Netsai Chingoka Christina
Keyword(s):  
Information Technology ◽  
Banking Sector ◽  
New Technologies ◽  
Mobile Banking ◽  
Bank Branches ◽  
Advantages And Disadvantages ◽  
Intention To Adopt ◽  
Individual Use ◽  
Role Of It ◽  
The Way

<p>This paper is written to state the advantages and disadvantages, the different models to test the effects of individual’s intention to adopt mobile banking, the different technologies that are being implemented currently by banks and what the future holds for mobile banking. Information Technology (IT) has evolved over time and has changed the way business is conducted. The way people conduct business has been made easier and more efficient. IT has opened many doors for new technologies that are used within business and for individual use; the Banking sector is of no exception. Mobile banking is the fastest growing channel of banking as a result few people are walking into bank branches nowadays. Banks now need to remain relevant by catering to the needs and expectations of the customers and to the technology advancements. By providing better services and products customers are able to utilise. The role of IT in the banking sector can be divided into two categories: Communication and connectivity, and individual and business transactions. IT enables for sophisticated products to be developed with better frameworks, execution of dependable strategies and help with communication so to connect with people from different countries, businesses across the globe, geographical distance and diverse markets. </p><p> </p><p> Keywords: mobile banking, information technology, it, mobile banking adoption, mobile banking application, mobile payment</p>

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