scholarly journals ANALYSIS OF MOBILE SERVICES IN THE FINANCIAL SECTOR / MOBILIŲJŲ PASLAUGŲ ANALIZĖ FINANSŲ SEKTORIUJE

2019 ◽  
Vol 11 (0) ◽  
pp. 1-6
Author(s):  
Evelina Zigmantavičiūtė ◽  
Irma Šileikienė
Keyword(s):  
Financial Services ◽  
Empirical Investigation ◽  
New Technologies ◽  
Financial Sector ◽  
Mobile Services ◽  
Financial Services Industry ◽  
Key Factors ◽  
Financial Applications ◽  
Know How ◽  
Mobile Financial Services

Extensive research of mobile financial services has been conducted in digital finance, FinTech, blockchain and cryptocurrencies. These new technologies and products are changing the financial services industry. It is critically important to know how customers will accept these changes. This article aims to discuss the inclusion of Mobile services in the financial sector and how users are likely to adopt mobile financial applications (MFA). Empirical investigation was conducted into what a customer considers to be most important when using MFA and the correlation between level of income of the user and adoption of MFA in Lithuania and in Germany. The findings show that income influences the adoption of MFA in Lithuania, but has no effect in Germany. Also, the key factors of using MFA are: security, comfortability, fast performance and cost. In addition to analysing results, new recommendations are proposed to improve future mobile financial services.

scholarly journals The Growth of Finance

2013 ◽  
Vol 27 (2) ◽  
pp. 3-28 ◽  
Author(s):  
Robin Greenwood ◽  
David Scharfstein
Keyword(s):  
Asset Management ◽  
Financial Services ◽  
Financial Sector ◽  
Financial Services Industry ◽  
Shadow Banking ◽  
Preliminary Assessment ◽  
Management Fees ◽  
Active Asset Management ◽  
The Us ◽  
Household Credit

The US financial services industry grew from 4.9 percent of GDP in 1980 to 7.9 percent of GDP in 2007. A sizeable portion of the growth can be explained by rising asset management fees, which in turn were driven by increases in the valuation of tradable assets, particularly equity. Another important factor was growth in fees associated with an expansion in household credit, particularly fees associated with residential mortgages. This expansion was fueled by the development of nonbank credit intermediation (or “shadow banking”). We offer a preliminary assessment of whether the growth of active asset management, household credit, and shadow banking—the main areas of growth in the financial sector—has been socially beneficial.

scholarly journals The Role of Fintech Firms in Contemporary Financial Sector Development

2021 ◽  
Vol 18 ◽  
pp. 411-423
Author(s):  
Inese Mavlutova ◽  
Tatjana Volkova ◽  
Aivars Spilbergs ◽  
Andris Natrins ◽  
Ilja Arefjevs ◽  
...  
Keyword(s):  
Information And Communication Technologies ◽  
Financial Services ◽  
New Technologies ◽  
Regional Distribution ◽  
Financial Sector ◽  
The Pacific ◽  
Significant Difference ◽  
Alternative Financial Services ◽  
Information And Communication

The development of new technologies provided by Information and communication technologies, robotics, artificial intelligence and their application have an essential influence on the business model of the financial sector companies. Changes are taking place through a variety of technology processes in different industries of the financial sector such as payment systems (including cryptocurrencies, smart chaining), customer acquisition and management, crowdfunding, P2P lending. The aim of the research is to study the role of Fintech firms in the changes in the financial sector landscape, as well dynamics of changes in investments in Fintech by regions and by segments. This study provides empirical evidence on the development of alternative financial services and their role in the development of the financial sector. Based on the research results there is strong evidence about statistically significant difference between investments allocated to Fintech firms by regions and vintage. There have been changes in the regional distribution of investment, with North America (85-90%) dominating in the first years of the decade, and Asia and the Pacific accounting for more than a third and Europe for more than 20% of total investment in recent years. Contemporary statistics data analysis also indicates different trends in investments in various Fintech segments by years.

scholarly journals Derivatives in South Africa – an empirical investigation

2011 ◽  
Vol 1 (1) ◽  
pp. 68-84
Author(s):  
Stefan Schwegler ◽  
Suzette Viviers
Keyword(s):  
South Africa ◽  
Financial Markets ◽  
Financial Services ◽  
Empirical Investigation ◽  
Risk Tolerance ◽  
Financial Services Industry ◽  
Price Determination ◽  
Over The Counter ◽  
Derivative Instruments ◽  
Level Of Risk

This paper, which is the second of a two-part series, presents the empirical findings of testing a number of variables influencing investors’ decisions to use derivatives in their portfolios. Five variables were deemed very important by a sample of 21 experts in the financial services industry in South Africa. These were: the level of information available (including the transparency of price determination); investor’s knowledge of different derivative instruments; investor’s level of risk tolerance; the level of liquidity in the market; and investor’s knowledge of and familiarity with financial markets. Education is required to change negative sentiments regarding derivatives and more regulation is called for, especially in over-the-counter markets.

Designing the Architecture of a Blockchain Platform

2020 ◽  
Vol 16 (3) ◽  
pp. 34-48
Author(s):  
Javier W. Ibáñez ◽  
Salvatore Moccia
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Paradigm Shift ◽  
New Technologies ◽  
Financial Services Industry ◽  
Legal Compliance ◽  
Public And Private ◽  
Settlement Systems ◽  
Private Interests ◽  
Rare Phenomenon

The financial services industry is experiencing—or better said, is suffering—an enormous paradigm shift. New technologies, combined with new consumers, are redefining the way financial institutions design products and deliver services. Furthermore, Mastercard has filed four blockchain patents to improve settlement systems. The Alastria case, explored in this paper, is a still rare phenomenon of national blockchain as a country territorial and jurisdictional case of public permissioned blockchain oriented to combine the satisfaction of public and private interests with full legal compliance.

scholarly journals Digital Technologies in Finance: Modernity and Prospects

2021 ◽  
Vol 100 ◽  
pp. 01004
Author(s):  
Anatoliy Suprun ◽  
Tetiana Petrishina ◽  
Marina Sadovenko ◽  
Natalya Voloshanyuk ◽  
Serhii Khodakevich
Keyword(s):  
Financial Services ◽  
Digital Literacy ◽  
New Technologies ◽  
Digital Technologies ◽  
Uncertain System ◽  
Financial Sector ◽  
Information Technology Professionals ◽  
Significant Damage ◽  
Private And Public ◽  
System Errors

Digital technologies have radically changed all financial relations in society. A new financial business ecosystem based on the use of digital technologies is rapidly forming. The article examines the recent changes in the financial sector under the influence of new technologies. The benefits received by consumers of financial services and financial institutions from the introduction of digital technologies are assessed. The survey of financial services consumers conducted by the authors of the article to some extent reflects the situation with the use of digital financial services in Ukraine. However, the process of digitalization is still far from complete. The formation of a new ecosystem, along with opportunities, generates new risks. There are new, often complex and not always clear to the general public financial products and services. The low level of financial and digital literacy forms a platform for manipulation, falsification and outright fraud. The problem of cybersecurity is relevant. The situation with employment in the financial sector in the medium and long term is rather uncertain. System errors are a risk factor too which can cause significant damage to both individuals and legal entities. The article provides examples of system errors and identifies their main cause - low qualification of information technology professionals working in the public sector. The vision of the future development of the financial sphere within the framework of digitalization is formed, the necessary changes at the private and public levels are determined.

Business Reorganisation and Regional Development: The Case of the British Building Societies Movement

1991 ◽  
Vol 23 (12) ◽  
pp. 1759-1777 ◽  
Author(s):  
C J S Gentle ◽  
J N Marshall ◽  
M G Coombes
Keyword(s):  
Financial Services ◽  
Urban Areas ◽  
Service Sector ◽  
Financial Sector ◽  
Financial Services Industry ◽  
Building Society ◽  
Regulatory Changes ◽  
Services Industry ◽  
Building Societies ◽  
The Impact

In this paper the impact of corporate restructuring in the British building societies movement is examined as an example of the changing organisation of the financial services industry, a significant component of the service sector. It is argued that regulatory changes, which have broken down the segmented and compartmentalised nature of the financial sector, have provided the opportunity for large building societies to diversify into new markets, and this in turn has encouraged a round of innovation in the financial services industry. It is also suggested that as the building society movement has become more deeply integrated into the financial sector as a whole, this has promoted a drift in employment towards the south and east of the country and a shift back to larger urban areas in the provinces.

scholarly journals THE DEVELOPMENT OF THE FINTECH INDUSTRY AND ITS INFLUENCE ON THE FINANCIAL SECTOR

2019 ◽  
pp. 81-86
Author(s):  
I.I. D’yakonova ◽  
A.O. Drofa
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
New Technologies ◽  
Global Financial Crisis ◽  
Financial Sector ◽  
Cyber Attacks ◽  
Customer Expectations ◽  
Financial Products ◽  
Personalized Services ◽  
The Global Financial Crisis

FinTech field began to develop rapidly since 2008, after the Global Financial Crisis. This was due to the fact that financial institutions could not quickly respond to consumer needs because of a number of regulatory and legislative restrictions that were implemented to overcome the consequences of the crisis. At the same time the main factors of FinTech development were technological evolution, emerging customer expectations, availability of funding and capital, and support from governments and regulatory authorities. FinTech makes traditional financial services more affordable, flexible and secure, and therefore FinTech is one of the main drivers of digital transformation of the whole financial sector and the development of financial accessibility in the world. The development of the FinTech industry has a huge influence on the financial sector. FinTech strives to make financial services more accessible for both consumers and businesses. FinTech companies are fast growing and attract a large amount of investment each year in their development. At the same time, traditional financial institutions feel threatened on their part, because with the increasing number of FinTech companies, competition in the financial services market is growing too. In order to stay on the market, traditional banks are forced to adapt to modern realities and develop cooperation with FinTech companies. FinTech companies can help banks provide financial products and services more effectively and strengthen their competitive advantages. For example, they can improve financial inclusion, enhance customer experience, increase transparency, improve security, and provide support and guidance. Thus, financial institutions in cooperation with FinTech companies are able to provide new financial products and services to groups of customers who previously did not have access to traditional financial services. In addition, thanks to new technologies, financial institutions can offer personalized services and communicate online with customers, which significantly increases their engagement and experience. Furthermore, FinTech companies can help financial institutions detect fraud and deal with cyber-attacks and other online risks. Keywords: FinTech, financial technologies, financial services, financial innovations, FinTech adoption.

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