Abstract
The history of banking refers to the development of banks and banking throughout history, with banking defined by contemporary sources as an organization which provides facilities for acceptance of deposits and provision of loans. Today, far too many banks create silos for each channel – including separate reporting lines and separate sales goals. The practices in the European Union (EU) nations suggest that the key financial ratios currently applied across member states are quite heterogeneous and the variables taken into account to define them are not identical. The European currency EURO could fail because of financial mismanagement by various EU governments. The Eurosystem uses three categories of instruments. The worldwide economic damage of total erosion of the euro zone is approximately 20 trillion euros. Therefore European Union needs Eurosystem 4.0 within the current trend of automation and data exchange in banking technologies. Eurosystem 4.0 inlude cyber-banking-physical systems, the Internet of banking things and cloud banking computing. The ability of companies and people to connect and communicate with each other via the Eurosystem 4.0 of Companies (EoC) or the Eurosystem 4.0 of People (EoP).
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
