Global Conference on Business and Social Sciences Proceeding | VOL. 13
Read

Future Banking: A Literature Review

Publication Date Jun 16, 2022

Abstract

Nowadays, digital transformation is a buzzword in an academic and business environment. Business, education, banking, government, manufacturing – almost every industry is being "digitally transformed" in the period of the fourth industrial revolution. Many studies, specifically in the last 25 years, tried to discover the elements, drivers, and barriers of digital transformation and the value creation through digital transformation (Verina & Titko, 2019). There is a variety of digital technology strategies. The consumer behaviour triggers a series of technological advances, for every bank must continue to prepare for the future of banking. Conventional banks that currently still have customers, namely traditionalists who feel they don't need digital channels, must also be ready (Insight, 2020). Likewise, digital banking must be ready for the use of future technology. The failure of banks to adapt to consumer needs and the adoption of digital technology will have a significant impact. The speed or phase in digital transformation for banking, specifically in Indonesia, is not the same. Digital transformation in Indonesia's banking industry started quite late compared to other Asian countries, such as Malaysia, Singapore and South Korea. This is due to, among other things, the geographical conditions of Indonesia, which is an archipelago where digital literacy is not homogeneous, and people still have traditional beliefs and preferences for doing their banking in conventional physical branches (Winasis, 2020). The Indonesia ...

Concepts
Powered ByUnsilo

Digitally Transformed
Digital Transformation
Future Banking
Indonesia Financial Services Authority
Adoption Of Digital Technology
Transformation In Indonesia
Indonesia's Banking Industry
Open Banking
Digital Banking
Branch Offices

Introducing Weekly Round-ups!Beta

Powered by R DiscoveryR Discovery

Round-ups are the summaries of handpicked papers around trending topics published every week. These would enable you to scan through a collection of papers and decide if the paper is relevant to you before actually investing time into reading it.

Climate change Research Articles published between Jun 13, 2022 to Jun 19, 2022

R DiscoveryJun 20, 2022
R DiscoveryArticles Included:  5

Understanding the effects of the snow ratio on glacier mass balance under variable climatic conditions is crucial for predicting how glaciers will res...

Read More

Good health Research Articles published between Jun 13, 2022 to Jun 19, 2022

R DiscoveryJun 20, 2022
R DiscoveryArticles Included:  5

In West Africa, the various types of diabetes according to WHO or the American Diabetes Association (ADA) are endemic; a particular type referred to a...

Read More

Gender Equality Research Articles published between Jun 13, 2022 to Jun 19, 2022

R DiscoveryJun 20, 2022
R DiscoveryArticles Included:  5

This study aims to evaluate changes in the presence of women on Spanish boards after the Unified Good Governance Code of Listed Companies (2006) and t...

Read More

Coronavirus Pandemic

You can also read COVID related content on R COVID-19

R ProductsCOVID-19

ONE PROBLEM . ONE PURPOSE . ONE PLACE

Creating the world’s largest AI-driven & human-curated collection of research, news, expert recommendations and educational resources on COVID-19

COVID-19 Dashboard