scholarly journals Spanish financial institutions facing the challenge of digitalization: The case of payment systems

2021 ◽  
Vol 7 (2) ◽  
pp. 73-99
Author(s):  
Carlos Viñals Guitart
Keyword(s):  
Financial Institutions ◽  
Business Models ◽  
New Technologies ◽  
Technological Development ◽  
Financial Sector ◽  
Payment Systems ◽  
Challenges And Opportunities ◽  
New Business ◽  
New Challenges ◽  
New Business Models

Technological development has brought about major changes in all aspects and spheres of society. Among the various environments where technological applications have brought improvements and transformed the usual way of operating, we highlight the financial sector. Indeed, technology has substantially modified the processes and mechanisms on which its operation is based, especially in the area of payments, due to the need for reliability, security and immediacy to improve the way in which money is transmitted between the different agents that interact in it. This digitization of payment systems has been made possible by various factors, including the emergence of new business models and the emergence of large technology companies, as well as the application of new technologies that streamline payment processes. This has forced the financial sector and, specifically, financial institutions, the main drivers of the financial system, to accelerate innovation in the payments sector in order to face these new challenges. This paper analyses payment systems, how they work, the services they provide and the challenges and opportunities that can be identified as a result of technological innovation in the financial sector. It also presents the strategies being followed by Spanish financial institutions in terms of the development of new services and capabilities to cope with these changes.

New business models in supply chains: a bibliometric study

2019 ◽  
Vol 47 (12) ◽  
pp. 1283-1299 ◽  
Author(s):  
Régis Delafenestre
Keyword(s):  
Supply Chains ◽  
Business Models ◽  
New Technologies ◽  
Content Type ◽  
New Business ◽  
Paper Form ◽  
Scientific Results ◽  
Database Clustering ◽  
New Research ◽  
New Business Models

Purpose The purpose of this paper is to find and classify the most relevant works in the literature on the latest technologies applied in global supply chains. To help future researchers find the most relevant the authors according to the authors’ research interest quickly and to provide insights into the most promising areas. Design/methodology/approach The authors provide a bibliometric analysis of 292 documents referenced in the Scopus® database clustering by relatedness of works and keywords. Findings The authors present insights and deduce new perspectives in the potential search for new business models. The authors show that in specific fields, some works and authors have a much greater influence than others. Research limitations/implications Some documents published on the web or in paper form may be missing. The analyses largely depend on the choice of keywords. Another selection might have shown different results. Practical implications This paper provides the basis for new research in applications of the latest technologies in supply chains and corresponding new business models. Originality/value This work is a first effort to help researchers make sense of the mass of published scientific results on new technologies and their impact on new supply chain business models.

scholarly journals Fashion Technology and the Development of New Business Models

2017 ◽  
pp. 174-210
Author(s):  
Raphayela Belém Schluep
Keyword(s):  
Technological Innovation ◽  
Business Models ◽  
New Technologies ◽  
Business Model Innovation ◽  
Fashion Industry ◽  
New Business ◽  
Multiple Case ◽  
Complex Extension ◽  
New Business Models

This chapter explores the concept and components of business models and particularly, the technological innovation of predominant business models in the fashion industry associated with the phenomenon of convergence. The main inquiry revolves around how business models in the fashion industry are handling the ongoing challenges and changes of new technologies. This multiple-case study validates that technological convergence is the key to accomplishing business model innovation in the fashion industry. Limitations and further research are considered relevant because of the dynamic and complex extension of this topic and the current lack of published material.

scholarly journals Business Models and Internet of Things

2019 ◽  
Vol 13 (1) ◽  
pp. 1192-1203
Author(s):  
Dragos Tohanean ◽  
Anca Vasilescu
Keyword(s):  
Internet Of Things ◽  
Value Chain ◽  
Business Models ◽  
New Technologies ◽  
Value Added ◽  
The Internet ◽  
Real Time Processing ◽  
New Business ◽  
The Internet Of Things ◽  
New Business Models

Abstract Information technology has massively transformed the world of business over the past fifty years - first individual functional areas within companies (“first wave”), later increasingly also cross-divisional value-added processes and trade (“second wave”). Those companies that recognized the tremendous economic potential of these upheavals and consistently adapted, profited enormously - many others, however, fell dramatically. At the same time, innovative startups emerged that successfully created and occupied new markets. With the Internet of Things (IoT), the third digital wave is currently rolling up. Their impact will be enormous - both for our everyday lives and for many industries that have so far been largely spared the disruptive power of digital transformation. Accordingly, the challenges facing most companies today are: understanding more complex competition, acquiring new digital technologies, making existing offerings smart, developing new services, networking production, efficiently analyzing vast amounts of data, and building viable organizations to push all this forward. The IoT is a driver for digitization. By analyzing machine data, the use of sensors and the intelligent real-time processing of huge amounts of data in the cloud, new business models are created. With the information gained, companies are able to improve their value chain. However, one of the most difficult issues in this context for many companies is how they can further develop their existing business model or establish successful new business models that will be based on new technologies and IoT. To investigate resulting impacts, we draw on the existing business models and deduct specifics for the Internet of Things. Building on this, in order to reach the aims of the paper the authors will use a descriptive research method and a case study in order to present how new business models work with the IoT.

scholarly journals Digital Marketing for Sustainable Growth: Business Models and Online Campaigns Using Sustainable Strategies

2020 ◽  
Vol 12 (3) ◽  
pp. 1003 ◽  
Author(s):  
Jose Ramon Saura ◽  
Pedro Palos-Sanchez ◽  
Beatriz Rodríguez Herráez
Keyword(s):  
Business Models ◽  
New Technologies ◽  
Online Advertising ◽  
Sustainable Growth ◽  
Digital Marketing ◽  
The Internet ◽  
Digital Ecosystem ◽  
Internet Users ◽  
New Business ◽  
New Business Models

In recent years, digital marketing has transformed the way in which companies communicate with their customers around the world. The increase in the use of social networks and how users communicate with companies on the Internet has given rise to new business models based on the bidirectionality of communication between companies and Internet users. Digital marketing, new business models, online advertising campaigns, and other digital strategies have gathered user opinions and comments through this new online channel. In this way, companies have started to see the digital ecosystem as not only their present, but also as their future. From this long-term perspective, companies are concerned about sustainability and the growth of their business models. There are new business models on the Internet that support social causes, new platforms aimed at supporting social and sustainable projects, and digital advertising campaigns promoting sustainability. The overarching aim of this Special Issue was to analyze the development of these new strategies as well as their influence on the sustainability of digital marketing strategies. Therefore, we aimed to analyze how companies adopt these new technologies in a digital environment that is increasingly concerned with the sustainability of business models and actions on the Internet.

scholarly journals Innovation needs deregulation: the case of taxi and private hire companies

2018 ◽  
Vol 12 (1) ◽  
pp. 651-660
Author(s):  
Christian Nasulea ◽  
Diana Florentina Nasulea ◽  
Stelian Mihai Mic
Keyword(s):  
Business Models ◽  
New Technologies ◽  
Popular Media ◽  
The World ◽  
New Business ◽  
Brave New World ◽  
The Impact ◽  
New Business Models ◽  
The Way

Abstract Every year seems to bring about new technologies that radically change the way we do things. New innovative business models come to life, that change the way the world works so much that a shift of mindset is required if we are to keep up. These days, the largest transport company in the world owns no cars, the largest accommodation provider owns no real estate, the largest retailer by value has no inventory of its own, and the most popular media owner creates no content. But what about the role of regulation in this brave new world? We take a look at the rivals, taxi companies and private hire transport companies (in particular Uber), to assess the need for regulation and the impact of regulation on these two contenders. Our research examines the effects of said regulation on service quality and safety, correlated with consumer opinion data. The impact of non-regulatory incentives on the two seemingly-opposed business models is discussed, thus making the logical case for increased deregulation of both taxis and private hire companies. Opening the way to innovative companies and innovative new business models, allowing them to change the world is our gateway to growth, prosperity and sustainability.

scholarly journals Contemporary Issues in International Economics

2021 ◽  
Keyword(s):  
Economic Growth ◽  
Business Models ◽  
New Technologies ◽  
Economic Environment ◽  
Financial Industry ◽  
Financial Innovations ◽  
Modern Economy ◽  
New Business ◽  
Economic Reality ◽  
New Business Models

The contemporary economic environment is in most segments quite different than it was even two decades ago. Globalization, development of new technologies, especial in the IT sector, financial innovations, repositioning of economic powers, and new business models are only a few of many new realities. Although all listed brought numerous new possibilities and continuous economic growth, we cannot neglect the increased risks and perils of contemporary economic reality. Uncertainty and adaptation have become a mantra in the life of entrepreneurs, governments, and institutions. Through eight chapters of this monograph, different experts, researchers and scholars try to enlight contemporary economic environment from a different perspective, either from the perspective of entrepreneur, financial industry, governments or average consumer and participant in the modern economy that was very promising only a few decades ago, but more uncertain and dangerous than ever, in the present.

Financial Sector Transformation In The Era Of Digitalization

2021 ◽  
Vol 38 (4) ◽  
Author(s):  
Inese Mavlutova ◽  
Tatjana Volkova ◽  
Andris Natrins ◽  
Aivars Spilbergs ◽  
Ilja Arefjevs ◽  
...  
Keyword(s):  
Business Models ◽  
New Technologies ◽  
Financial Sector ◽  
Digital Innovation ◽  
Financial Sector Development ◽  
New Business ◽  
Fast Development ◽  
Functional Equivalent ◽  
Product Delivery ◽  
Digital Disruption

The fast development of new technologies has a significant impact on the financial sector development. Digitalization leads to the development of new business models, transformation of value chains, new product delivery channels, relationships between companies in the financial sector and structural landscape of the financial sector changes to the. Although, there is no common understanding formed among scholars about the drivers of these strategic changes and the future financial sector development trends.The development of financial technologies, characterized by the emergence of alternative services and new industries, can be described as highly innovative. The functional equivalent of the commonly used terms, such as digital disruption and digital transformation is digital innovation, in one case emphasizing strategic orientation, developing new products and business models using digital technologies, infrastructures, supply chain, and ecosystems, and, in the other - transforming traditional models to address to existing loyal customers providing more usable in the digital ecosystems access channels, solutions, and products.

Electronic Collaboration in Organizations

Crowdsourcing ◽  
2019 ◽  
pp. 978-989
Author(s):  
William Dario Avila Diaz
Keyword(s):  
Business Models ◽  
New Technologies ◽  
Electronic Media ◽  
Digital Economy ◽  
Online Collaboration ◽  
Electronic Collaboration ◽  
New Business ◽  
Different Levels ◽  
New Business Models

Electronic collaboration was born with the new technologies, which establish a more harmonious balance of organizations in an increasingly global, open and competitive digital economy, called, nowadays, “the economy of the crowds”. This economy has caused changes in the organizations of the century, as new administrative principles. In this context, organizations use new business models to achieve its objectives to a meager cost. Similarly, they have managed the integration of different levels and optimizing performance of the entire organization together through electronic media and online collaboration. This work shows the areas of the different levels and forms of organizational electronic collaboration.

Web-Based Organizing in Traditional Brick-and-Mortar Companies

2005 ◽  
pp. 1-30 ◽  
Author(s):  
Jaap Paauwe ◽  
Elaine Farndale ◽  
Roger Williams
Keyword(s):  
Business Models ◽  
Added Value ◽  
The Internet ◽  
Web Based ◽  
Brick And Mortar ◽  
New Business ◽  
New Challenges ◽  
Old Economy ◽  
Business To Business ◽  
New Business Models

This chapter introduces the notion of how old-economy brick-and-mortar firms are adapting their HRM policies and practices and the roles of their HR departments in light of newly introduced Web-based business-to-business transaction practices. It argues that the Internet has introduced three new business models in old-economy companies: the Internet as a marketplace, the Internet as a supply chain integrator, and the Internet as a catalyst for business model redefinition. These innovative ways of organizing are providing HR with opportunities to rise to new challenges and increase their added value to the firm.

Entrepreneurship as the New Driver of Business

2018 ◽  
Author(s):  
Mahesh K. Joshi ◽  
J.R. Klein
Keyword(s):  
Education System ◽  
Business Models ◽  
New Technologies ◽  
New Products ◽  
International Markets ◽  
Research Culture ◽  
Technology Platforms ◽  
New Business ◽  
The Individual ◽  
New Business Models

Entrepreneurship has enabled the individual to challenge existing corporations with a new model more efficient than the traditional one. The entrepreneur’s model provides almost instant connection to local geography and international markets at the same time. With the support of capital, entrepreneurs are not only driving a creative destruction of existing business but also developing new business models, ideas to make new products, and developing new technologies. Places like Silicon Valley provide the ecosystem required for successfully breeding entrepreneurship with its education system with cutting-edge research, culture, acceptance of failure, and availability of finance. Entrepreneurial development has moved from the development hardware and software, to the creation of, and access to, technology platforms, and the development of new business models. Replication of new business models is now almost instantaneous.

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