scholarly journals Development of Digital Banking Technologies in the Republic of Belarus

2019 ◽  
Vol 47 (47) ◽  
pp. 49-56
Author(s):  
Marina Zelenkevich ◽  
Galina Korjenevskaya
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
Retail Banking ◽  
Competitive Advantages ◽  
Banking Services ◽  
The Public ◽  
Stage Of Development ◽  
Current State ◽  
The Republic ◽  
Remote Identification

The purpose of the research is to determine the prospects and opportunities for digital transformation of the banking sector of the Republic of Belarus based on an analysis of the current state of bank informatization, current world trends to ensure a harmonious combination of interests of all participants in the country's banking system: the state, banks, firms and the public. The article analyzes the features of the current stage of development of the retail banking services market of the Republic of Belarus, which is characterized by dynamic development and widespread electronic and IT technologies. The expediency, necessity and timeliness of introducing such trend digital innovations of the retail banking sector of the Republic of Belarus as the development of the payment and settlement space, remote identification, including biometric, the development of the Open API, distributed registry technology (blockchain) are substantiated. Developed recommendations to improve the effectiveness of the proposed retail banking services through the modernization of existing and introduction of innovative ones. Identified key areas of innovation in the retail segment of banking services. Recommendations to improve the efficiency of retail banking services in the Republic of Belarus through the introduction of innovative digital banking technologies will enable Belarusian banks to gain strategic competitive advantages to achieve leadership positions in the financial market.

RETAIL BANKING SERVICES AND PROSPECTS FOR ITS DEVELOPMENT IN THE REPUBLIC OF UZBEKISTAN

2020 ◽  
Vol 3 (3) ◽  
pp. 26-31
Author(s):  
Zafar Umarov ◽  
◽  
Shahnoza Pardayeva
Keyword(s):  
Retail Banking ◽  
Practical Significance ◽  
Banking Services ◽  
Current State ◽  
The Republic

This article is about a market of retail banking services in Uzbekistan and development of this market. It covered the practical significance of retail banking services, analyzes the current state and ways to improve it. The article analyzes past and current years,identifies problems and provides recommendations for addressing them.

scholarly journals ISSUES OF FORMING PERSONNEL CAPACITY IN THE CONTEXT OF THE DEVELOPMENT OF THE ISLAMIC BANKING SECTOR IN THE REPUBLIC OF TAJIKISTAN

2020 ◽  
pp. 127-132
Author(s):  
Sh. S. Sharipov
Keyword(s):  
Customer Satisfaction ◽  
Banking Sector ◽  
Banking System ◽  
Training System ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Personnel Training ◽  
Banking Services ◽  
The Republic

The issues of forming personnel capacity in the Republic of Tajikistan, in the context of the launch of the first Bank providing services in accordance with the principles of Islamic Finance have been considered. For the purpose of a comprehensive assessment of the situation, the experience of individual countries in this area of activity, as well as the experience of previous research, ware studied. Conclusions about the state and prospects of development of the Islamic banking system in the current conditions, as well as a description of a number of measures, the implementation of which will ensure the acceleration of formation of the necessary personnel capacity in the Republic of Tajikistan have been given. In particular, the proposed measures address the issues of creating a competitive personnel training system, improving the quality of banking services provided and customer satisfaction.

The Importance And Development Of Remote Banking In Uzbekistan

GIS Business ◽  
2019 ◽  
Vol 14 (4) ◽  
pp. 16-24
Author(s):  
Mamadiyarov Zokir Toshtemirovich
Keyword(s):  
Remote Control ◽  
Control Systems ◽  
Commercial Banks ◽  
Banking System ◽  
Information Flows ◽  
Bank Account ◽  
Banking Services ◽  
Current State ◽  
The Republic

In the implementation of remote control systems of the bank account used in the banking practice of the Republic of Uzbekistan, information flows are rapidly moving, the current state of remote banking services in the banking system of Uzbekistan, as well as measures for their wide use are being taken. The article discusses the issues of improvement of remote banking services, the problems in it and the author's relationship on the development of remote banking services in commercial banks.

scholarly journals FORMATION OF COMPETITIVE ADVANTAGES IN THE BANKING SECTOR THROUGH THE USE OF CORPORATE ENTREPRENEURSHIP TOOLS

2021 ◽  
Vol 9 (4) ◽  
pp. 117-132
Author(s):  
A. N. Kuznetsov
Keyword(s):  
Market Share ◽  
Banking Sector ◽  
Corporate Entrepreneurship ◽  
Operational Efficiency ◽  
Retail Banking ◽  
Competitive Advantages ◽  
Strategic Positioning ◽  
Banking Services ◽  
Banking Market ◽  
Credit Institutions

The competitiveness of credit institutions in the retail banking market lies in their ability to conduct business in this market in order to obtain the highest possible market share and profits. Achieving these goals is linked to the level of operational efficiency and strategic positioning or differentiation of banking services. Consider the tools of corporate entrepreneurship that form competitive advantages in the banking sector.

scholarly journals The Market of International Banking Services and their Implications on the Economy of the Republic of Moldova

2018 ◽  
pp. 71-79
Author(s):  
Alexandru Gribincea ◽  
Corina Gribincea
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
High Tech ◽  
International Banking ◽  
Banking Services ◽  
Balance Sheets ◽  
Global Banking ◽  
The Future ◽  
The Republic ◽  
Set Up

By progressing technological and scientific revolution it enters in various fields of the economy. The banking sector is able to compete with large high-tech companies, online banks ensuring effective and inexpensive communication with customers. The banking sector in the future will compete with large high-tech companies such as Facebook or Amazon, considering online banks on the forefront of the competitive fight due to efficient interaction with the customers and lower costs. The main difference between online banks and traditional is the absence of large office network: interaction with customers is mainly realized through websites, mobile banking, social networks or by phone. These banks usually develop their own high-tech platforms. Since the last decades, Moldovan banks have aligned their activities with the new legislative framework in relation to the implementation of Basel III standards by implementing the CRD IV package, which will be implemented in stages by 2020. At the same time, the National Bank of Moldova continues the process of promoting the banking sector reforms, focusing on shareholders 'transparency to attract new investors to meet higher quality requirements, establishing strong corporate governance in the banking sector, identifying bank affiliates and timely reflecting unfavorable loans in banks' balance sheets. The IT Park is set up in Moldova. The main objective of the initiative is to accelerate the development of the IT industry by accelerating the implementation of technologies in various fields, opening new jobs, attracting both internal and external investments and specialists. The concept of the Moldova IT Park model claims to be an ambitious and landmark project for the development of other areas; a community that will grow every year, to which new companies and projects will join and who will make new successes. All project actors want Moldova IT Park to become a useful and efficient project offering rich digital content and advanced information services, which in turn will increase the level of economic competitiveness and welfare of the population. Lately we witness spectacular changes in banking services. The banking system cooperates with IT companies to gain a competitive advantage. Thus, any bank is able to develop and deliver innovative solutions to consumers, streamlining the work and concept of banking services. These innovations offer unprecedented opportunities in financial activity. In the future, banking cards will be excluded, bank cards, branches and subsidiaries will be optimized, and banks will turn from service / product vendors to developers of consumer options and dreams. Any whim and transaction will be possible from any corner of the Earth. This research aims to elucidate trends in the global banking market and prospects for the Moldovan market. Keywords: banking sector, the future of banks, virtual banks, bank mergers, bank competitiveness

Digital transformation of Russia's banking system as improving the competitiveness of banks

2021 ◽  
Vol 27 (2) ◽  
pp. 385-401
Author(s):  
Chenchen GUO
Keyword(s):  
Financial Market ◽  
Rapid Development ◽  
Banking System ◽  
Digital Transformation ◽  
Competitive Advantages ◽  
Banking Services ◽  
Stage Of Development ◽  
Banking Institutions ◽  
The Russian Federation ◽  
Development Methods

Subject. The article discusses the need for digital transformation of banking services in the context of ensuring the appropriate level of competitiveness of banking institutions in the Russian financial market. Objectives. The article aims to identify prospects and trends of the digital transformation of the Russian Federation's banking system in the context of improving the banks' competitive advantages and competitiveness at the current stage of development. Methods. For the study, I used the theoretical and methodological, and systems approaches. Results. The article identifies leaders in the digital transformation of banking processes and services, enabling them to provide a certain level of competitive advantages through improving the quality, accessibility and rate of services providing, as well as minimizing costs. Conclusions. The rapid development of the digital transformation of banking activities in the global financial market system necessitates the use of this experience by commercial banks of the Russian Federation.

scholarly journals REGULATION OF THE BANKING SECTOR: PANDEMIC CHALLENGES AND DIGITAL SOLUTIONS

2021 ◽  
Author(s):  
Muslum Mursal Mursalov ◽  
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
Banking Regulation ◽  
Regulation System ◽  
Current State ◽  
Banking Activity ◽  
The World ◽  
The Republic ◽  
The Impact

The article analyzes the current state of the world banking system. The main trends in its development in conditions of global instability are distinguished. The role of the coronavirus pandemic as a catalyst for the digital transformation of the banking sector is revealed. The article considers the development of regulatory innovations in the banking sector in the digital economy. The real situation in the field of regulatory activity and its specific features in this sector of the economy of the Republic of Azerbaijan are revealed. Using certain cases, the author shows the emergence of completely new, original forms of banking regulation, which have no analogues in the world practice and are possible due to a complex combination of a number of causes (financial crisis, technological revolution, coronavirus outbreak, etc.). The main directions of the impact of digitalization on the transformation of the process of regulation of banking activity are presented, a comprehensive study of which will allow to develop fundamentally new approaches to its improvement. The feasibility of implementing innovative practical measures to improve the efficiency of the banking regulation system was justified.

scholarly journals PROSPECTS OF THE RUSSIAN BANKING SYSTEM IN THE CONDITIONS OF DEVELOPMENT OF THE EURASIAN INTEGRATION

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
T.E CHEKANOVA ◽  
Keyword(s):  
Financial Market ◽  
Banking Sector ◽  
Banking System ◽  
Competitive Advantages ◽  
Financial Indicators ◽  
Integration Policy ◽  
Banking Services ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

Purpose: is to study the impact of the EAEU integration on the Russian banking system and identify the benefits for its development due to integration processes. Results: the financial indicators of banking sectors of the EAEU countries are examined and their comparative analysis is performed. This showed the possibilities for the development of the Russian banking system in the domestic market and in the territory of the Union States. The regulatory documents of the EAEU have been studied. The expected positive effect for the Russian banking sector from the implementation of the EAEU common financial market project was noted. Various issues of introducing a single currency as a means of payment for the calculation of the EAEU countries are investigated. The current structure of payments of the Union States in national and world reserve currencies is considered. This allowed us to identify Russia's interests in creating a currency union and identify the constraints of this process. The presence of Russian banks outside the country and their position in the international arena are considered. A list of the main obstacles to their expansion abroad is formulated. The article reveals the relationship between the development of integration processes in the EAEU and the opportunities to increase the competitiveness of the Russian banking system in the global financial market. Conclusions: the Banking system of Russia today has a great potential for development on a national scale, in the market of banking services of the Eurasian Union and at the global level. The integration policy of the EAEU in the banking sector contributes to increasing the competitive advantages of the Russian banking system. The implementation of the agreed strategic plan to create a common financial market for the EAEU will accelerate the process of qualitative development of the Russian banking system.

scholarly journals Fostering public accountability in South Africa: A reflection on challenges and successes

2016 ◽  
Vol 12 (1) ◽  
Author(s):  
Pandelani H. Munzhedzi
Keyword(s):  
South Africa ◽  
Public Service ◽  
Service Provision ◽  
Public Services ◽  
Public Accountability ◽  
The Public ◽  
Current State ◽  
Public Service Provision ◽  
The Republic ◽  
The Government

Accountability and oversight are constitutional requirements in all the spheres of government in the Republic of South Africa and their foundation is in the Constitution of the Republic of South Africa of 1996. All spheres of government are charged with the constitutional mandate of providing public services. The level of responsibility and public services provision also goes with the level of capacity of a particular sphere. However, most of the direct and visible services that the public receives are at the local sphere of government. As such, enormous resources are channelled towards this sphere of government so that the said public services could be provided. It is imperative that the three spheres of government account for the huge expenditures during the public service provision processes. The parliaments of national and provincial governments exercise oversight and accountability over their executives and administrations through the Public Accounts Committees, while the local sphere of government relies on the Municipal Public Accounts Committees. This article is theoretical in nature, and it seeks to explore the current state of public accountability in South Africa and to evaluate possible measures so as to enhance public accountability. The article argues that the current public accountability mechanisms are not efficient and effective. It is recommended that these mechanisms ought to be enhanced by inter alia capacitating the legislative bodies at national, provincial and local spheres of the government.

scholarly journals COMPETITION OF TRANSNATIONAL BANKS: MAIN TRENDS AND WAYS OF DEVELOPMENT

2021 ◽  
pp. 151-157
Author(s):  
Надежда Константиновна Савельева ◽  
Татьяна Алексеевна Тимкина
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Banking System ◽  
Competitive Advantages ◽  
International Banking ◽  
Statistical Research ◽  
Cross Border ◽  
The World ◽  
Financial Transactions ◽  
Level Analysis

Статья посвящена проблемам сохранения конкурентных преимуществ коммерческих банков для осуществления финансовых операций на трансграничных рынках. Целью исследования является анализ основных тенденций развития деятельности транснациональных банков в условиях глобализации. Объектом исследования являются мировые лидеры международной банковской сферы. Научная новизна заключается в разработке основных направлений развития банковской системы на международном уровне, результатах анализа опыта лидирующих транснациональных банковских компаний в условиях пандемии The article is devoted to the problems of maintaining the competitive advantages of commercial banks for the implementation of financial transactions in cross-border markets. The aim of the study is to analyze the main trends in the development of the work of transnational banks in the context of globalization. The object of research is the world leaders of the international banking sector. In the process of research, the authors have analyzed theoretical and practical material used in general methods of scientific knowledge and statistical research. Scientific novelty lies in the development of the main directions for the development of the banking system at the international level, analysis of the experience of leading transnational banking companies in the context of a pandemic.

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