scholarly journals From Analogue to Digital Banking: Developments in the European Union from 2007 to 2019

2020 ◽  
Vol 12 (2) ◽  
pp. 17-32
Author(s):  
Michael Menrad ◽  
József Varga
Keyword(s):  
Digital Media ◽  
Banking Sector ◽  
New Technologies ◽  
Long Term Results ◽  
Adoption Process ◽  
The European Union ◽  
Complete Rejection ◽  
Time Series Analyses ◽  
Analogue To Digital

Research on banking regularly assumes that digitalisation has an impact on banking. This blanket assumption is not erroneous, but it is too inaccurate, too undifferentiated and probably only applies in the long term. Results of this study show that the customers’ habits and requirements and thus the willingness to accept digital technologies in the banking sector are changing within a significantly different speed. The spread ranges from almost complete use, as in Scandinavia, dynamic development, as in the Czech Republic and Greece, to almost complete rejection, as in Bulgaria and Romania. This paper examines and demonstrates the influence of various socio-demographic and emotional characteristics on the use of digital media. Shifts in customer behaviours are revealed and discrepancies are identified by time series analyses and factor analyses. The results reveal the forthcoming death of the bank branch network accompanied by a regionally varying acceptance of Internet and mobile banking. This area of tension requires banks to have a good understanding of customer requirements regarding the demand for digitisation in order to avoid misguided decisions. However, the bank’s side in the adoption process of new technologies by customers has been neglected by scientific studies so far. In order to measure the state of digitisation of banking services, a comparison equation is presented that allows banks to be benchmarked in terms of the degree of digitisation and enables banks to dynamically track changes in their customer portfolios.

Modeling Stablization of Crane and Ship by Gyroscopic Control Using the Moving Frame Method

2018 ◽  
Author(s):  
Josef Flatlandsmo ◽  
Torbjørn Smith ◽  
Ørjan O. Halvorsen ◽  
Johnny Vinje ◽  
Thomas J. Impelluso
Keyword(s):  
Oil And Gas ◽  
New Technologies ◽  
Equations Of Motion ◽  
Long Term Results ◽  
Moving Frame ◽  
Moving Frames ◽  
Learning Modules ◽  
Moving Frame Method ◽  
Frame Method

Norwegian industries are constantly assessing new technologies and methods for more efficient and safer production in the aqua cultural, renewable energy, and oil and gas industries. These Norwegian offshore industries share a common challenge: to install new equipment and transport personnel in a safe and controllable way between ships, farms and platforms. This paper deploys the Moving Frame Method (MFM) to analyze the motion induced by a crane and controlled by a gyroscopic inertial device mounted on a ship. The crane is a simple two-link system that transfers produce and equipment to and from barges. An inertial flywheel — a gyroscope — is used to stabilize the barge during transfer. The MFM describes the dynamics of the system using modern mathematics. Lie group theory and Cartan’s moving frames are the foundation of this new approach to engineering dynamics. This, together with a restriction on the variation of the angular velocity used in Hamilton’s principle, enables an effective way of extracting the equations of motion. This project extends previous work. It accounts for the dual effect of both the crane and the stabilizing inertial device. Furthermore, this work allows for buoyancy and motor induced torques. Furthermore, this work displays the results in 3D on cell phones. The long-term results of this work leads to a robust 3D active compensation method for loading/unloading operations offshore. Finally, the interactivity between the crane and the stabilizing gyro anticipates the impending time of artificial intelligence when machines, equipped with on-board CPU’s and IP addresses, are empowered with learning modules to conduct their operations.

Generics at the Crossroads: Will Europe Lead the Way Forward?

2009 ◽  
Vol 6 (3) ◽  
pp. 193-205
Author(s):  
Eric Gorka
Keyword(s):  
Economies Of Scale ◽  
New Technologies ◽  
National Level ◽  
Fixed Costs ◽  
The European Union ◽  
Global Trends ◽  
The Future ◽  
Operational Excellence

The generics industry is at a crossroads. Fundamental growth drivers remain unchanged, and should result in sustained long-term growth. However, growing cost and pricing pressures mean the industry of the future will look very different and the longer term impact of the financial crisis is still unclear. Future industry structure will also be determined by the extent to which genuine competition is allowed to emerge and to overcome the trend towards nationalist protectionist policies. The companies that succeed will be those that excel in four key areas: launches, differentiation, geographic presence and operational excellence. They will implement variations on three basic strategies: leveraging fixed costs/economies of scale, using new technologies and focusing on value products. Although many questions remain to be answered, including the future role of Europe, several global trends are clear, including ongoing industry consolidation and the growing importance of biosimilars. Otherwise, much will depend on developments in the European Union (EU), the world's largest single market. The EU offers an object lesson in the need for political leadership not only from the top but also at the national level, where varying approaches can have make-or-break importance for generic penetration rates and thus for the industry as a whole.

Competition law and policy for the EU banking sector in a period of increased economic uncertainty

2012 ◽  
Vol 54 (4) ◽  
pp. 284-301 ◽  
Author(s):  
Ilias Kapsis
Keyword(s):  
Banking Sector ◽  
Government Support ◽  
Bank Failures ◽  
The European Union ◽  
Content Type ◽  
Regulation And Supervision ◽  
The Impact ◽  
State Aids

PurposeThe purpose of this article is to discuss the long‐term impact of the current financial and economic crisis on competition in the European Union (EU) banking sector.Design/methodology/approachThe article first discusses the long term role of competition in the banking sector, commenting on policy developments prior to the crisis. Then the impact of the crisis is discussed focusing on two main areas of policy state: aids and bank regulation and supervision. The article culminates with the conclusions.FindingsThe main findings about state aids are that the efforts of the Commission to ensure that aided companies would not use the government support to distort competition seem to be working. However, given that the full impact on competition of these aids may take years to be felt, the Commission should be prepared to take action where necessary to ensure that competition will be protected. The provision of state aids could not have been avoided due to the grave systemic risks associated with bank failures. In respect of regulation and supervision, the article concluded that there is a lot of work to be done in this area to ensure that mistakes that led to the crisis will not be repeated but also that there is need for the Commission to ensure that the reforms to the regulatory and supervisory architecture do not occur at the expense of competition.Originality/valueThe article contains proposals about policy adjustments, thus contributing to the ongoing debate about the role of competition policy in the efforts to address the impact of the crisis.

scholarly journals WAYS TO IMPROVE RESULTS OF ENDOSURGICAL TREATMENT OF ACHALASIA

2020 ◽  
pp. 5-9
Author(s):  
O. V. Galimov ◽  
V. O. Khanov ◽  
M. R. Bakirov ◽  
R. R. Saifullin ◽  
D. O. Galimov
Keyword(s):  
Distal Part ◽  
New Technologies ◽  
Esophageal Achalasia ◽  
Original Method ◽  
Long Term Results ◽  
Results Of Treatment ◽  
Medical University ◽  
Oncology Center

Aim. To improve the method of Heller cardiomyotomy for best immediate and long-term results of treatment of esophageal achalasia.Materials and methods. Analyzing the results of surgical treatment of 280 patients with esophageal achalasia who were treated in the Department of Surgical Diseases and New Technologies of the Bashkir State Medical University (Ufa) and the Department of Surgery and Stomach of the Republican Clinical Oncology Center (Kazan) for a period from 2000 to 2019. We conducted a cohort retrospective study in 2 groups (laparoscopic esophagocardiomyotomy according to Heller, supplemented by anterior modified hemifundoplication according to Dor (n = 74) and traditional laparoscopic interventions (n = 206).Results. The authors have developed an original method of laparoscopic esophagocardiomyotomy, including the use of devices that facilitate the mobilization of cardia and the formation of fundoplication cuffs. Patients were examined by performing esophagogastroduodenoscopy, contrast X-ray scopy of the esophagus and stomach, esophagomanometry, pH-measurement in distal part of esophagus. Long-term results of up to 2 years were tracked. Surgically treated patients were tested by special application forms. Received results showed the restoration of quality of life in most of the subjects.Conclusion The developed technique of laparoscopic esophagocardiomyotomy, including the use of intra-esophageal transillumination and a device for measuring the esophagus, prevents damage to the esophagus wall and postoperative complications associated with insufficient or excessive narrowing of the esophagus. Of the 74 patients, 66 (89.2 %) rated the result as excellent and good, 6 (8.1 %) as satisfactory, and 2 (2.7 %) as unsatisfactory.

scholarly journals NEW TECHNOLOGIES IN TREATMENT OF FRACTURES OF THE UPPER EXTREMITIES IN PATIENTS WITH SEVERE MULTIPLE AND POLYTRAUMA

2016 ◽  
Vol 175 (5) ◽  
pp. 46-51
Author(s):  
E. K. Gumanenko ◽  
A. A. Khromov ◽  
S. A. Linnik ◽  
Kh. N. Nazarov ◽  
V. A. Chapurin ◽  
...  
Keyword(s):  
New Technologies ◽  
Damage Control ◽  
Upper Extremities ◽  
Long Term Results ◽  
Duration Of Treatment ◽  
Damage Control Orthopedics ◽  
Number Of Patients ◽  
The Common ◽  
Made In

A comparative analysis of treatment results of fractures of long bones of the upper extremities was made in 172 victims with severe polytrauma. The traditional strategy of treatment was used in the first group. The new technologies such as prognostic tactics, method of Damage control orthopedics and low-invasive osteosynthesis developed by the authors were applied in the second group. The application of new technologies allowed doctors to improve the immediate and long-term results of surgery. The rate of lethality decreased in 1,6 times, incidence of complications reduced in 1,4 times. Hospital stay shortened in 2 times: for victims with favorable prognosis - on 7 days; for patients with unfavorable prognosis - on 13 days. The long-term results were studied in 154 (89,5%) patients. The common duration of treatment reduced on 30 days and the quantity of good results increased on 18,6%. The number of patients with vocational rehabilitation increased from 82,3 to 90,7%.

scholarly journals Future Directions in the Management of Twin-to-Twin Transfusion Syndrome

2016 ◽  
Vol 19 (3) ◽  
pp. 285-291 ◽  
Author(s):  
Robert Cincotta ◽  
Sailesh Kumar
Keyword(s):  
Laser Ablation ◽  
Loss Rate ◽  
New Technologies ◽  
Fetal Loss ◽  
Major Complication ◽  
Long Term Results ◽  
Optimum Frequency ◽  
Future Directions ◽  
Short And Long Term

Twin-to-twin transfusion syndrome (TTTS) is the major complication of monochorionic (MC) pregnancy. The outcomes of this condition have been significantly improved after the introduction and widespread uptake of fetoscopic laser ablation over the last decade. However, there is still a significant fetal loss rate and morbidity associated with this condition. Improvements in the management of TTTS will require improvements in many areas. They are likely to involve refinements in the prediction of the disease and clarification of the optimum frequency of surveillance and monitoring. Improvements in training for fetoscopic surgery as well as in the technique of fetoscopic laser ablation may lead to better outcomes. New technologies as well as a better understanding of the pathophysiology of TTTS may lead to adjuvant medical therapies that may also improve short- and long-term results.

scholarly journals European Union Energy Policies and Albania: a path toward a major energy security

2015 ◽  
Vol 3 (1) ◽  
pp. 194
Author(s):  
Arber Osman Qystri
Keyword(s):  
European Union ◽  
Energy Security ◽  
New Technologies ◽  
Supply And Demand ◽  
Energy Market ◽  
The European Union ◽  
Main Challenge ◽  
Balkan Countries ◽  
Energy Community

Today, energy represents the main challenge for every country. Given the dynamic and unpredictable form of supply and demand for energy in a global and globalized context, creating long-term policies as well as regional interior is vital to ensure energy security. In this context, the European Union, - as a main global actor- throughout the reform of the energy sector, wants to be on the cutting edge in the use of new technologies and the creation of a single energy market, not only inside the twenty eight member countries. Balkan countries have an important role in this process, which takes place inside the Energy Community. In these conditions, this article aims to analyse the recent transformation on European Union energy policy and provide an analysis of the commitments undertaken by Albania as a member of the Energy Community.

PROBLEMS OF INVOLVEMENT OF DISABLED PERSONS IN E. GOVERNMENT / DALYVAVIMO ELEKTRONINĖJE VALDŽIOJE PROBLEMOS

2008 ◽  
Vol 14 (2) ◽  
pp. 184-196 ◽  
Author(s):  
Eglė Kažemikaitienė ◽  
Tatjana Bilevičienė
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Information Society ◽  
New Technologies ◽  
People With Disabilities ◽  
Disabled Persons ◽  
Online Discussions ◽  
The Internet ◽  
The European Union

The European Union Sustainable Development Strategy stated that sustainable development was a long‐term European Union's strategy safeguarding clean and healthy environment and better quality of life for the present and future generations. People with disabilities are perhaps the single segment of society with the most to gain from the new technologies of the electronic age. Yet they are among the lowest rates of use of these technologies. As a result, the potential benefits of computers and the Internet to the disability community are a long way from being realized. Computer technology and the Internet have a tremendous potential to broaden the lives and increase the independence of people with disabilities. Those who have difficulty leaving their homes can now log in and order groceries, shop for appliances, research health questions, participate in online discussions, catch up with friends, or make new ones. Development of information society is one of main three Lithuanian state priorities stated in State long‐term strategy. It fits aims of the European Union. Lithuanian information society development's aims are coordinated with norms of Lisbon strategy and initiative “e‐Europe – information society for all”. It is quite important that disabled persons could use IT opportunities. Research presents analysis of the main state Internet sites with purpose to establish how these sites are fitted to demands of disabled persons. Santrauka Europos Sąjungos darnaus vystymosi strategijos pagrindą sudaro aplinkosauga, ekonominis ir socialinis vystymasis, siekiant sukurti sveiką aplinką ir geresnę gyvenimo kokybę dabartinėms ir ateinančioms kartoms. Pereinant prie informacinės visuomenės, gausi informacia tampa prieinama naujais, įvairiais formatais ir gali būti pateiktas nepriklausomai nuo vietos ir laiko bei pritaikoma pagal atskirų asmenų poreikius ir reikalavimus. Informacinės visuomenės kūrimas yra pirmasis iš trijų Lietuvos valstybės prioritetų, įtvirtintų Valstybės ilgalaikės raidos strategijoje, tai atitinka Europos Sąjungos siekius. Lietuvos informacinės visuomenės plėtros tikslai yra suderinti su Lisabonos strategija bei iniciatyvos „e-Europe – informacinė visuomenė visiems“ nuostatomis bei reikalavimais. Tobulinant e. valdžią, svarbu skatinti paslaugų teikimą elektroniniais būdais, užtikrinti gyventojams galimybę naudotis šiomis paslaugomis. Sprendžiant šį uždavinį, svarbu užtikrinti prieigą prie šiuolaikinių technologijų visiems norintiesiems. Lygių galimybių principo įgyvendinimas socialinės atskirties gyventojų grupėms turi užtikrinti galimybę rinktis ir paveikti svarbiausius gyvenimo sprendimus. Žmonės, kurie negali naudotis informacinėmis technologijomis, praranda galimybę gauti tam tikrą informaciją ir viešąsias paslaugas. Neįgalusis dėl nepritaikytos fizinės aplinkos dažnai neturi galimybių pasinaudoti sveikajai visuomenės daliai prieinama informacija ir pasiekti informacijos šaltinį. Viena iš svarbių prielaidų neįgaliųjų atskirčiai mažinti yra interneto informacinės aplinkos pritaikymas žmonėms, turintiems negalią. Straipsnyje pateikiama svarbiausių Lietuvos valstybinio valdymo institucijų interneto svetainių analizė siekiant nustatyti, kaipšios svetainės yra pritaikytos neįgaliesiems.

scholarly journals Banking sector of Spain: innovation

2019 ◽  
pp. 49-57
Author(s):  
T. Malashenko
Keyword(s):  
Global Economy ◽  
Banking Sector ◽  
New Technologies ◽  
Mobile Banking ◽  
The European Union ◽  
Key Factor ◽  
Leading Position ◽  
Mobile Banking Applications ◽  
Alternative Finance ◽  
Global Financial System

In a turbulent global economy, the introduction of innovations in the banking sector is a key factor in improving efficiency and stabilizing the global financial system. World financial and economic crisis of 2008-2009 became a serious test for the economy of Spain. The recognition of the importance of adapting the banking sector to new economic conditions is becoming increasingly relevant for considering modern processes taking place in the European Union and in the global economy as a whole. Spain is at the forefront in introducing digital technology into the banking sector, but its experience has been little studied. This is the first work analyzing the Spanish experience in introducing, developing and operating new technologies: Blockchain, mobile banking applications, alternative finance, sharing platforms, crowdsourcing. The author concludes that the introduction of innovation has transformed the banking sector in Spain and has led to a decrease in bank employees and a reduction in offices. The freed up resources were directed to the activation of the digital segment, which led to the leading position of Spain in digital banking. In the future, an even greater spread and development of these technologies is expected. It will grow more slowly than income, as deferred demand is absorbed and households increase their savings rates.

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