Banks in the face of regulatory changes in the payment services market

The article is a review of the book by professor Stanisław Kasiewicz entitled PSD2 – krytyczny przystanek na drodze do nowej ery bankowości. The book discusses the potential impact of the amended EU regulations related to the payment services market on the Polish banking sector. The book includes considerations on regulatory policy in the field of financial innovation as well as the desired directions for its improvement. The book also provides analysis of how the development of financial innovations can impact the future of the Polish payments market. Simultaneously, the key areas in the context of adapting banks to the new market reality under PSD2 have been identified by the author.

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Trends and Prospects of Development of Financial Innovations in the Russian Banking Business

The world of new economy ◽

10.26794/2220-6469-2019-13-2-80-89 ◽

2019 ◽

Vol 13 (2) ◽

pp. 80-89

Author(s):

O. A. Vasilenko

Keyword(s):

Banking Sector ◽

Effective Interaction ◽

Financial Innovation ◽

Present Stage ◽

Future Directions ◽

Financial Innovations ◽

Russian Economy ◽

Modern Development ◽

The Future ◽

Banking Business

The relevance of the article is because the modern development of the Russian banking business takes place in the context of increased competition and crisis phenomena in the financial markets. The policy of constant innovations is one of the main factors for the successful development of banking activity. Financial innovation is a crucial factor in the competitiveness and sustainable development of the banking sector. Of particular relevance is the study of trends, based on which the development of the innovative activity of banks and non-bank credit organisations is currently taking place, as well as the determination of the specifics of the innovation process in the banking sector.The purpose of the article is to conduct research on the current state of the most popular at the present stage financial innovations in the banking sector, identify trends in their development, and determine the future directions for the development of financial innovations in the Russian banking business. In this paper, we analysed analytical information, which allowed us to identify trends in the development of financial innovations in the banking sector, and determine their role in the development of the banking sector in Russia. In the course of the study, the author used the methods of analysis, synthesis, the complexity of the approach, comparison, consistency, and other methods of cognition. Based on the research results and personal experience in the development and implementation of new banking products at Unistream CB, the author predicts the future directions of development of financial innovation in the banking business.The author concludes that their introduction has an influence on the transformation process in the real and financial sectors of the Russian economy, and contributes to the organisation of their effective interaction, accelerates the development of the entire economic system of the country.The main objectives of the development of financial innovations in the banking sector at the present stage are the development and implementation of new banking products. It requires further study of the theoretical and practical aspects of introducing financial innovations, a detailed analysis of domestic and foreign experience, and needs implementation of knowledge gained in practice to modernise and organise productive interaction financial and real sectors of the Russian economy.

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Effect of Technology Based Financial Innovations on Non-Interest Income of Commercial Banks in Kenya

European Scientific Journal ESJ ◽

10.19044/esj.2018.v14n7p337 ◽

2018 ◽

Vol 14 (7) ◽

pp. 337

Author(s):

L’souza Boniface Alubisia ◽

Wainaina Githii ◽

Mirie Mwangi

Keyword(s):

Commercial Banks ◽

Banking Sector ◽

Financial Innovation ◽

Mobile Banking ◽

Financial Industry ◽

Descriptive Research ◽

Financial Innovations ◽

Interest Income ◽

Impact Of Technology ◽

The Impact

Technology based financial innovation has had a great impact on the financial industry as a whole over the past few decades. It has presented the banking sector with an opportunity to increase the revenue base. This study intended to identify the impact of technology based financial innovation on non-interest income in Kenyan commercial banks. The study investigated how the adoption of ATMs and Cards, Internet and Mobile Banking and use of Funds Transfer Systems such as RTGS and EFT has impacted the non-interest income of commercial banks in Kenya. Descriptive research design was utilised. The study found that technology based financial innovation has significant effect on the non-interest income earned by commercial banks in Kenya. It recommends all stakeholders in commercial banks to take any investments made towards technology based financial innovation products as a strategy to improve non-interest income

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Trends in Banking

Competition and Stability in Banking ◽

10.23943/princeton/9780691171791.003.0002 ◽

2016 ◽

Author(s):

Xavier Vives

Keyword(s):

Economic Growth ◽

Systemic Risk ◽

Business Models ◽

Banking Sector ◽

Financial Innovation ◽

Market Concentration ◽

Shadow Banks ◽

Regulatory Changes ◽

The Relationship

This chapter discusses basic trends in the banking sector that are being driven by technological and regulatory changes. It first considers the expansion of banking and financial intermediation, the relationship between the growth of the financial sector and economic growth, and the link between financial innovation and systemic risk. In particular, it examines the role of market-based banking, securitization, and shadow banks in the 2007–2009 crisis. It then describes the evolution of business models in banking, the entry of new competitors to banks, and the evolution of competition. It also looks at the evolution of market concentration out of the consolidation move that has followed the transformation of banking. It shows that increasing competition and the transformation in the banking sector has developed in parallel with a process of concentration.

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A Rational Regulatory Strategy for Governing Financial Innovation

European Journal of Risk Regulation ◽

10.1017/err.2017.50 ◽

2017 ◽

Vol 8 (4) ◽

pp. 743-765 ◽

Cited By ~ 2

Author(s):

Iris H-Y CHIU

Keyword(s):

Financial Regulation ◽

Regulatory Policy ◽

Financial Innovation ◽

Current Approach ◽

Market Failures ◽

Regulatory Oversight ◽

Financial Innovations ◽

Regulatory Frameworks ◽

Regulatory Strategy ◽

The Uk

AbstractModern financial regulation has predominantly been economically-driven,1 progressing from addressing market failures to making markets more competitive and work better.2 The UK Financial Conduct Authority is expressly mandated to pursue regulatory objectives that maintain market integrity and protect consumers (addressing market failures) and to promote competition (making markets work better).3 Both the FCA and its sister regulator, the Prudential Regulation Authority (for banks), have recently adopted innovative regulatory initiatives to promote technologically-driven innovation, aimed at making markets work better. These initiatives are also a response to the recent explosion of technologically-led financial innovation outside of the regulatory perimeter.In promoting financial innovation, we argue that the regulators have insufficiently focused on the need to govern financial innovation more generally. Although this concern may seem premature, the regulatory innovations are increasingly extending the perimeter for regulatory oversight of financial innovations. As the regulatory innovations have the potential to develop into more mature regulatory frameworks for governing financial innovation, we argue that regulators should manage the risks of their current approach and develop a regulatory strategy framework for balancing regulatory objectives and developing regulatory policy. We propose a framework anchored in rationality, consistency and accountability in governing financial innovation.

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THE SIGNIFICANCE OF THE GRI (GLOBAL REPORTING INITIATIVE) STANDARD IN REPORTING OF ENVIRONMENTAL INFORMATION. THE ANALYSIS OF POLISH BANKING SECTOR IN THE FACE OF REGULATORY CHANGES

Copernican Journal of Finance & Accounting ◽

10.12775/cjfa.2018.012 ◽

2018 ◽

Vol 7 (2) ◽

pp. 111

Author(s):

Justyna Zabawa

Keyword(s):

Banking Sector ◽

Environmental Information ◽

Global Reporting Initiative ◽

Regulatory Changes ◽

The Face

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Financial innovation, firm performance and the speeds of adjustment: New evidence from Kenya’s banking sector

Journal of Economic and Financial Sciences ◽

10.4102/jef.v11i1.158 ◽

2018 ◽

Vol 11 (1) ◽

Cited By ~ 1

Author(s):

Moses M. Muthinja ◽

Chimwemwe Chipeta

Keyword(s):

Firm Performance ◽

Banking Sector ◽

Financial Innovation ◽

Mobile Banking ◽

Total Change ◽

Firm Level ◽

Speed Of Adjustment ◽

Financial Innovations ◽

Distributed Lag ◽

Distributed Lag Model

This article examines the speed of adjustment of firm performance to financial innovations usage and the speed of adjustment of financial innovation to financial innovation drivers for banks in Kenya. We used the Koyck distributed lag model, which is estimated using dynamic panel estimation with System Generalised Method of Moments. We find that it takes on average 1.179 years for bank financial performance to adjust to the four financial innovations studied. Secondly, it takes less than a year (0.368 years) to accomplish 50% of the total change in firm performance following a unit-sustained change in the financial innovations. Moreover, mobile banking has the shortest mean lag (2.849), while Automated Teller Machines (ATMs) have the longest mean lag (4.926). Notably, it takes approximately three years for mobile banking to adjust to financial innovation drivers at firm level and on average five years for ATMs to adjust to the financial innovation drivers.

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Conflict of international and regional strategies and the future of wars in the Arab region "Political stability or political chaos"

Tikrit Journal For Political Science ◽

10.25130/poltic.v0i0.164 ◽

2019 ◽

pp. 190

Author(s):

Ahmed Fadel Jassim Dawood

Keyword(s):

Political Stability ◽

Arab Countries ◽

Arab Region ◽

Regional Powers ◽

Regional Strategies ◽

Regional Competition ◽

The Future ◽

The Face ◽

Near Term ◽

Political Differences

The Arab region is of great importance as an important part of the Middle East for both international and regional powers.This importance has placed it and its peoples in the suffering of international and regional interventions and has placed it in a state of permanent instability as it witnessed international and regional competition that increased significantly after the US intervention in Iraq in 2003. Accordingly, the research aims to shed light on the strategic directions of the global and regional powers by knowing their objectives separately, such as American, Russian, Turkish, Israeli and Iranian. The course aims at determining the future of this region in terms of political stability and lack thereof. Therefore, the hypothesis of the research comes from [that the different strategic visions and political and economic interests between the international and regional powers have exacerbated the conflicts between those forces and their alliances within the Arab region.. The third deals with the future of the Arab region in light of the conflict of these strategies. Accordingly, the research reached a number of conclusions confirming the continuation of international and regional competition within the Arab region, as well as the continuation of the state of conflict, tension, instability and chaos in the near term, as a result of the inability of Arab countries to overcome their political differences on the one hand and also their inability to advance their Arab reality. In the face of external challenges on the other.

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Measurement of Vulnerability of Financial Portfolio of Sharia Commercial Banks by Cardona Method

Jurnal Ilmu Manajemen & Ekonomika ◽

10.35384/jime.v9i2.44 ◽

2017 ◽

Vol 9 (2) ◽

pp. 109

Author(s):

Paulina Harun ◽

Atman Poerwokoesoemo

Keyword(s):

Commercial Banks ◽

Quantitative Research ◽

Banking Sector ◽

Banking Industry ◽

Policy Makers ◽

Factors Affecting ◽

Section Data ◽

Initial Stage ◽

The Face ◽

Asset Portfolio

his study aims to: (1) to know and analyze the extent of volatility (vulnerability) of sharia banking industry in Indonesia in the face of competition (2) to know and analyze factors affecting vulnerability of sharia commercial banks; (3) to know and analyze the extent of sustainable development of sharia banking industry to Indonesia's economic development.The research conducted to measure the vulnerability (volatility) of proto folio of syariah bank using observation period 2015, and the data used is cross section data. The research design used in this research is quantitative research, using asset dimension (asset portfolio, liability portfolio, equity portfolio) and stressor (pressure, including: credit risk, market risk, and liquidity risk).The activity plan of this research is: in the initial stage of conducting theoretical study related to the vulnerability related to banking especially BUS; The next step is to determine the asset and stressor dimensions associated with the BUS; Further determine the indicators related to assets and stressors; The next step performs calculations to determine the index of each BUS as well as the dimensions that affect the vulnerabilities faced by each BUS.Target expected outcomes can be generated from this research is: for the object of research (BUS) provide a solution for BUS to deal with and overcome the vulnerabilities encountered and policies that must be done. For policy makers, the results of this study are expected to provide input in decision-making and other policies.Measurement of vulnerability to be performed related to banking operations in the face of competition and the continuity of BUS in Indonesia. The outcomes of this study are expected to be included in Bank Indonesia journals, the selection of this journal is based on studies conducted in the banking sector, especially BUS in Indonesia.

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