Questions related to Financial Services
What new, innovative features are being added to bank cards where banks are taking advantage of new Big Data Analytics and other new Industry 4.0 technologies?
Commercial banks, in an effort to attract new customers, offer a package of financial services and banking products, implement new ICT and Industry 4.0 information technologies into their banking operations in order to improve them, improve the quality and expansion of financial and other services, create facilities for remote access to online and mobile banking offerings, enrich their offerings with new services, including not only financial services. For example, there are banks that add analytics and customer advice on healthy lifestyles and ecological, pro-environmental, pro-climate aspects to bank cards, including credit cards, in line with new trends of sustainable development and green transformation of the economy. Some banks add analytics to bank, payment or credit cards, informing cardholders not only how much money they have spent on the purchase of certain products and/or services, but also what carbon footprint is associated with certain completed or planned purchases.
In view of the above, I address the following question to the esteemed community of researchers and scientists:
What new, innovative features are being added to bank cards in which banks are taking advantage of the new capabilities of Big Data Analytics and other new Industry 4.0 technologies?
What do you think about this topic?
I invite everyone to join the discussion,
Thank you very much,
Commercial banks are increasingly worried about competition from fintechs, including online technology companies that expand the range of financial and pre-financial services. Commercial banks are more and more actively using IT technologies of online banking, building Business Intelligence data processing platforms, extending Big Data database systems, developing integrated risk management systems and conducting advertising campaigns on social media websites. In view of the above, large commercial banks have the opportunity to conduct a sentiment analysis on data collected in Big Data database systems for the purpose of analyzing the expectations and opinions of Internet users regarding, for example, financial services. Information obtained from the Internet and processed in the aforementioned manner can be used for more precise risk analysis, credit risk management, planning subsequent advertising campaigns, modifying the financial services offer in line with changing expectations of Internet users, searching for clients on social media portals. In this way, interdisciplinary analytical processes are also developed at commercial banks, for which the information from the websites of social media portals is the source of data.
Do commercial banks have a chance to win in this matter in competition with the fintech technology companies operating on the Internet?
Besides, What is the effectiveness of online advertising campaigns run by commercial banks?
Please, answer, comments.
I invite you to the discussion.
Perhaps in the future the development of electronic, online banks and technology companies developing financial services as fintechs will be implemented in parallel and will lead in many respects to a synthetic model of combining different business concepts of banks and fintechs. In such a situation, it will not be possible to clearly determine who has taken over and dominated the first, or electronic banks or fintechs.
Do you agree with me on the above matter?
In the context of the above issues, I am asking you the following question:
Is there more competition or synergy between the development of online banks and fintechs?
I invite you to the discussion
Thank you very much
Commercial banking has several hundred years of development history. Fintechs have been developing only since the end of the 20th century, but the development of some fintechs is many times faster than most banks currently operating. This is the main reason why banks are interested in the development of fintechs. In most countries, fintechs are not yet a significant direct competition for commercial banks, but taking into account their dynamic development in the field of new technologies, online settlements and payments, combining information services with financial or other services and e-commerce, with e-commerce , e-business, however, this may change in the future and this competition may increase significantly in the future.
Banks that are not afraid of competition from fintechs usually do not cooperate only by observing new technologies introduced to the online market of financial transactions by fintechs. However, commercial banks that are afraid of competition from fintechs are either interested in this type of cooperation in the field of technology development or take over these entities in capital transactions, including selected fintechs to capital groups managed by a given bank. There have been transactions of this type in which a commercial bank took control of a fintech, which was a dynamically developing startup or a thriving technology company operating in the new online media sector and new techniques for settlements and payments made electronically. Some banks, fearing competition from fintechs, observe their functioning and try to introduce into their business model solutions similar to those that develop fintechs with positive effects.
In view of the above, I am asking you the following question: Do banks cooperate with fintechs?
Please reply. I invite you to the discussion
This study is to illustrate the difference between Islamic and traditional banks in relation to consumer decision-making. Data is taken from both banking sectors for evaluation. The difference in the term factors affecting customers and banks and the quality of service provided to the customer is examined, so this study seeks to assess the performance situation and improve the quality of service in the Islamic financial system. We are looking at this issue through a variety of methods such as the creation of a quantitative portfolio, the economic modeling of diversification advantages, the theoretical development of the quality of financial service and the qualitative analysis of semi-structured interviews on perceptions of how quality of banking will affect both performance and financial innovation in Islamic finance. Iraq is experiencing a high level of competition between Islamic and traditional banking services that use quality of service as a profitable strategy The aim of this study is to describe and understand the decision-making process for clients in terms of recognizing differences in the quality of services between Islamic and traditional banks and the extent to which customers are affected by banking services.
I am writing to ask if you can recommend a research paper that can explain or/and support the effect of expertise in the below example.
Please assume a situation where a service provider with well-known certificates (e.g., CPA) provides customers with financial services. This service provider is confronted with the two kinds of customers: one with a high level of financial expertise and the other with a low level of financial expertise.
I thought that the customers with a high level of financial expertise will highly value the CPA certificates because they understand how it is difficult to get CPA certificates. In contrast, I thought that the customers with a low level of financial expertise will at least moderately value the CPA certificates because they do not understand how it is difficult to get CPA certificates.
Based on the above inferences, I expected that compared to novice consumers, expert consumers will perceive the financial service provider with CPA certificates more competent.
The point is that while expertise consumers can interpret the value of CPA, novice consumers cannot.
Can you please recommend a paper to support the above point? Your recommendation will be appreciated highly.
Thank you so much!
Hello, i am working on my thesis at this moment and i am searching more related references for process mining in best case at use in the area of financial services. I want to give an introduction and overview of process mining in this area.
There is a really strange phenomenon in Chinese stock markets. When the regulation institution decides to get some new companies listed (it is noteworthy that IPO has to get permission from Securities Regulatory Commission in China), the stock market drastic falls and the Chinese investors sell out their stocks crazily.
Some argue that more stocks listed means that more money is needed by the market, but the supply is constant in the short term. So the stock price falls. But I don't think it explains well what we observe.
I am writing one paper regarding taxing financial services under VAT in developing countries. I would be very grateful if anyone has any paper about it(or book that can be downloaded for free). Thanks.
I am interested in knowing more about IT Audit, which I believe has a lot of potential in the future. Therefore I am interested to write a thesis on IT audit. But don't know which area to look into and what could possibly be a good topic for that.
The objectives are as follows-
Investigate the reason behind the fishers dependency on non-formal credit ,find out the impact (Social-ecological) of the non -formal credit system in a fishery and propose a fishers friendly credit system.
While many IT organisations have a well-defined Project Management practices/methodologies that include Risk management strategies, they often face failures on the projects primarily related to Cost, Schedule and Quality. Hence I would like to understand the correlation between the PM practices and Risk management particularly in IT organisations but also in any other industries like Banking, Financial services, Construction, etc. Please get back to me with any studies already done on this matter or any pointers to the information sources.
Assuming financial criminals are rational, they deal with large sums of money, have feasible alternatives of finding legal ways of making money, financial crime must offer attractive rates of return. What might the rate of return be?
i.To what extent does physical proximity to financial institutions affect financial inclusion among the targeted members/low-income population?
ii.What are the available financial services and innovations and how effective and sustainable are they in enhancing financial inclusion among the demographic differences of members/ low-income population in the selected SACCOs?
iii.What is the level of financial literacy and capability existing among the people on the various available financial services and products and how does financial literacy and capability impacts on financial inclusion for inclusive growth?
iv.How consumer protection does influences financial inclusion for inclusive growth through SACCOs in Uganda?
v.What enabling environment exists in Uganda and changes that will enable SACCOs to take an active part in the financial inclusion for inclusive growth and emerge as sustainable, transparent and accountable member-based financial organizations?
vi.How does, financial inclusion leads to inclusive growth (members’aggregate welfare improvement) in Uganda?
vii.To what extent are the expected outcomes of financial inclusion for inclusive growth through SACCOs available to members/low-income population?
- In the meantime, how should digital approach the customer experience in the current economy?
A little sharing here.
I am looking for longitudinal data on pension assets (both public and private). The OECD database runs from 1995- (for private) and 2001 (for public), but not for all countries. Also, I'm hoping to extend the analysis to at least the 1990's. Does anyone know whether such a dataset exist? Bits and pieces of information can be found in e.g. BIS reports, so perhaps someone has collected this kind of data before.
Many thanks in advance!
I am doing research on factors affecting retail equity investors, so for my introduction i need some data on retail equity investors in India.
Thanks & Regards
Uruguayan bankruptcy law allows the creditors with mortgage to continue with the individual execution of his credits, 120 days after the declaration of bankruptcy.. Generally, every valuable asset is mortgaged assets, so if the bankruptcy process reaches the stage of liquidation, the financial creditor (that, in general, is the one that enjoys the above mentioned guarantees) executes independently his credit, in detriment of the workers, of the State and of the suppliers of goods and not financial services. What I put to consideration is if a different regulation would have negative effects on the economy, for its relation with an eventual restriction of the credit or increase in its costs.
I am working on a project involving stock price estimation, so I want investor sentiments or behavioral bias to be an independent factor, impacting stock price movement. So, are there any means by which I can quantify this variable ?
I had an hypothesis that perceived barriers significantly and negative influence rural citizens' attitude towards usage of financial services.
But using SEM (AMOS)- the results were : perceived barriers positively influence attitude.
Can anyone please assist; what could be the possible reason for that.
Looking at how an owner of a financial services firm can combat the effect of fintech on their practice by the correct use of strategy, ie Porter 5 Forces, PESTEL etc
I am looking at other possible angles on this and would appreciate any insight
Hi, my current data set takes into consideration 15 countries over a 10 year period looking at FDI inflows. FDI being the dependant variable, and I have currently used 5 independant variables based upon typical FDI determinants. I've been able to carry out various panel data tests on stata,(Pooled OLS, Fixed effects, Random effects, Hausman test) using online tutorials however i'm not sure whether I have missed something important which should be considered. As i am not an econometrics student I feel as if i need some extra guidance. Thanks
There is no good research about the actual demand for Islamic financial services among Muslims in the West. Why are so many scholars spending so much energy exploring the finer details of Islamic banking when they really have no clue about how many potential customers there are?
I am working on low cost distribution solutions for financial services. can any one please suggest relevant literature
The vast majority of the world’s people will have access to internet through smart phones and tablets. Internet access could transform the way financial service providers and customers interact and facilitate a richer interface with customers.
What scenarios are possible and are providers ready to respond?
Monetization levels vary widely by context and over time. Macro-level data is not very helpful because it jumbles many differently monetized contexts. Are there studies in behavioral economics, microeconomics, cognitive psychology etc. that address this question?
Our team is quantifying the amount of global fiscal support that the financial sector receives. The estimate will examine the full range of direct and indirect fiscal support for private financial services sector, including fiscal incentives for savings and pensions, bank deposit insurance, implied support for systemically important financial institutions, fiscal incentives for green investment, and tax structures that provide incentives for various assets and trading activities.
I want to study the brand equity in the three biggest banks in the Philippines namely, BPI, BDO and Metro Bank. The closest framework I have so far is Keller's Framework on Consumer Based Brand Equity which is more of a marketing tool than an economic one.
Hope anyone can help me with this. Thank you!
What are the general issues to be studied about the latent management in the financial sector ? A research student asked me this question. While I noted that the availability of talent, retention policy, required skills for talent in the financial sector, turnover, relation of talent with productivity, are some areas , probably to be considered and emphasized to refine further as we go along. Need your suggestion as to what should be covered in a study of talent management in the financial sector.
Brand health measurement for categories like FMCG, durables and telecom services have a standard pattern of metrics considering higher involvement of customers. But in categories like general insurance and some financial services the familiarity and involvement level are rather low. There seems to be a need for improvised new metrics and pattern for measuring brand health in such sectors. What are your thoughts?