Leveraging Technologies to Redefine Business: Technology Perspective

Author(s):  
B. Vijaya Lakshmi ◽  
B. Ravi Kumar

The disruptors in the financial services industry are rewriting the rules, banks used to perform operations traditionally. The financial services industry known for conservative and resistant to change has been challenged by financial technology (fintech) companies that compete by combining digital technology, social media, and big data analytics to replace traditional models with financial products and services enabled by new technology. The present study is an attempt to portray the Role of Fin Techs, Challenges etc.

Author(s):  
Nick Pullman ◽  
Kevin Streff

This chapter discusses the role of identity and access management in the financial services industry. Identity and access management is a very broad concept that has far reaching rewards or consequences within an organization. This chapter provides a survey of the topics within identity and access management so that managers and security administrators of financial institutions can gain an understanding of the issues and possible solutions.


2020 ◽  
pp. 1-23
Author(s):  
Umar A. Oseni ◽  
M. Kabir Hassanb ◽  
S. Nazim Ali

Abstract This study examines different dimensions and permutations of invaluable judicial support to Islamic financial services and products and identifies specific areas where the judiciary has helped to shape the industry in line with the original value proposition of Islamic financial intermediation. While relying on qualitative legal methods with comparative case analysis from different jurisdictions, this study conducts cross-jurisdiction case analyses and identifies the role of judiciary in introducing sustainable practices. It concludes that the judicial function has played a significant role in ensuring justice and fairness through purposive interpretation of contracts, recognition and enforcement of foreign arbitral awards and judgments, consistency and predictability of outcomes, legal risk mitigation, and facilitation of mediation and arbitral proceedings, thereby positively reshaping the future of Islamic financial services industry. Above all, the availability of binding judicial precedents, which is hitherto not common for Islamic law matters, is a welcome development in the Islamic financial services industry.


Author(s):  
Guneet Kaur

The research work is focused on examining the role of business intelligence (BI) tools in strategic financial analysis. The effective utilization of data is essential in order to survive in today's competitive business environment. Traditionally, data analysis was performed manually by using a spreadsheet. However, due to big data proliferation at an unprecedented pace, it becomes difficult for the financial services industry to manage large datasets. Therefore, to address this issue, both academia and industry practitioners have come forward to meet the needs of a growing business with the help of BI tools. In this context, this chapter aims to assist the BI researchers and practitioners in the financial services industry to make fact-based decisions by using popular BI tools like Power BI, Tableau, and SAS analytics. Consequently, the chapter provides a detailed review of the applications of these BI tools in strategic financial analysis and to enhance overall corporate performance.


2009 ◽  
Vol 207 ◽  
pp. 4-9 ◽  
Author(s):  
Martin Weale

Over the past twenty years the expansion of the British economy has been supported by growth in the financial services industry. With the onset of the financial crisis it seems most unlikely that the financial services industry can, in the future, act as the sort of motor of growth that it had done in the past. This commentary provides an overview of the role of the financial services sector in the economy over the past twenty years and assesses likely developments in the future. It first assesses the contribution of the sector to the economy and then considers the issues surrounding its likely shape in the future.


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