Banking Technology Research Articles

Green Banking Development: A Case Study of Vietnam

Purpose: The objectives determine factors affecting green banking development in Vietnam. The authors proposed policy implications that contributed to the green banking development in Vietnam. Theoretical framework: For long-term sustainable economic development, many countries worldwide have chosen to develop a green economy, including the theory of green banking. Design/methodology/approach: The research method of the paper is a combination of qualitative and quantitative research methods. Qualitative research was conducted with a group discussion technique, checked the scales used, and consulted with banking managers on the research issue, thereby building the scales included in the research model and setting up and completing the questionnaire. Quantitative research was carried out from January to February 2023. Processing data by statistical methods, analyzing EFA and CFA, using linear structural model analysis (SEM) to test the fit of models and hypotheses with SPSS 20.0 software and Amos. Findings: The article showed that banking technology substantially impacts green banking development among eight factors. Research, Practical & Social implications: The study has inherited and supplemented the scale in the model and a new set of scales used to evaluate the development of green banks, systematized, increased, and developed more basic theoretical issues about banking green. Originality/value: The paper's originality and value help researchers, managers, and policymakers for Vietnamese commercial banks, in particular, and the banking industry, in general, to apply to contribute to the development of green banking and the green economy in the future.

An Empirical Investigation of Innovation and Technology in Banking

As proven by both private and public banks, IT-enabled innovation has had a substantial influence on a range of industries, including banking. These financial institutions value innovation and have achieved success as a consequence of technical breakthroughs. The increased competitiveness has compelled all players to act more rapidly. As a result, public sector banks have experienced substantial transformations, and consumers are now confronted with a slew of new options. These banks, which previously depended on traditional methods, are now proactively getting out to the public through billboards, FM radio, and other media outlets. In addition, endorsements from famous people are becoming more common in government entities. The widespread usage of basic banking processes has increased banks' need to innovate. Client satisfaction increases as a consequence in both public and private banks. The study's purpose is to investigate how new technology effects customer satisfaction in Bhopal's public and commercial banks. Customer data obtained from these banks was reviewed, with substantial results. In terms of innovative successes, private banks outscored state banks, according to the poll. Rising banking rivalry is widely considered to have had an immediate influence on how financial institutions prioritize customer-oriented operations and define company goals. Considering the significance of technology and innovation in the modern economy for strategic management, business development, and economic success, new approaches to understanding the relationship among technological innovation and financial services are critical. These unique strategies are required for gaining an advantage over the competition. With this in mind, the goal of this study is to investigate the basic implications of technological innovation on financial services at the bank's location level, specifically through an examination of customer-facing staff input. According to the findings, information and communication technology is critical to the sector's performance. The paper also examines the empirical study's practical implications, strengths, and limitations.

Consolidation and Credit Access Risk in Rural Nigeria: Impact Assessment after a Decade of Implementation.

This study examines the effect of consolidation of Deposit Money Banks (DMBs) on credit access risk in rural areas of Nigeria after a decade of the consolidation exercise. Secondary data on total value of credits to rural areas was obtained from the CBN bulletin for the period 1994 to 2014. This period includes 10 years of pre consolidation and 10 years of post-consolidation. Mann Whitney U test was used in analysing the data to test for significant difference in the total credit to rural areas before and after consolidation in Nigeria. The result revealed that there was a significant increase in access to DMBs’ credit by rural customers of DMBs in the post consolidation era when compared to the pre-consolidation era. The result may be is explained by the role of technology in banking. It is recommended amongst others that government should provide infrastructures like good access roads to the rural areas, electricity and support investments in Information and Communication Technology (ICT) in the rural areas as this will encourage the penetration of financial services into the hinterlands.

Technology Acceptance Model (TAM) on Banking

This study aims to see the development of Technology Acceptance Model (TAM) on Banking research around the world and research plans that can be carried out based on journals published on the theme. This research uses a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme "TAM on Banking" which comes from the Scopus database with a total of 583 journal articles. Then, the data is processed and analyzed using the VosViewer application with the aim of knowing the bibliometric map of "TAM on Banking" research development in the world. The results of the study found that on bibliometric author mapping the authors who published the most research on the theme "TAM on Banking" were Chawla D.; Joshi H; Belousova V.; Chichkanov N; Baptista G.; Oliveira T.; Maduku D. K; Changchit C.; Lonkani R.; Samp; and Saxena N.; Gera N.; Taneja M.. Furthermore, based on bibliometric keyword mapping, there are 5 clusters that can become research paths with topics related to (1)Technology Adoption in Banking and its Influential Factors, (2)Acceptance of Technology in Banking, (3)Technological Innovation in the Banking Sector, (4)Mobile Banking Service Adoption, and (5)Risks in Online Banking Services.

An Empirical Investigation of Innovation and Technology in Banking

An Empirical Investigation of Innovation and Technology in Banking

Effect of Mobile Banking Technology on Loan Performance of Deposit Taking Savings and Credit Cooperative Organisations in Mombasa County, Kenya

Effect of Mobile Banking Technology on Loan Performance of Deposit Taking Savings and Credit Cooperative Organisations in Mombasa County, Kenya

Policy Implications for Green Banking Development in Vietnam

Purpose: The article studies the factors affecting the development of green banking in Vietnam. Based on the research results, the authors proposed policy implications that contribute to the development of green banking in Vietnam. Theoretical framework: The article studies the factors affecting the development of green banking in Vietnam. Based on the research results, the authors proposed policy implications that contribute to the development of green banking in Vietnam. Design/methodology/approach: To survey the level of understanding of bank managers on issues related to green banking, green banking development, and the level of knowledge of officers and employees about green banking development areas, The authors used qualitative and quantitative methods. Quantitative research was carried out from January to February 2023. The authors used structural equation model analysis to test the fit of models with SPSS 20.0 and Amos. Findings: Quantitative and qualitative indicators have been introduced to measure the development of green banking and the economy. The factor of banking technology has the most substantial impact on the development of green banking and the economy. This is a new research paper finding in the context of the banking industry's digital transformation. Research, Practical & Social implications: The study also shows that green banking development depends on financial capacity, supporting policies, legal framework, and state regulations. In addition, the study has included the factors of green banking development affecting the green economy from different approaches and analytical methods to evaluate. Originality/value: Developing green banks not only brings profits but also helps banks increase their prestige, reputation, and value. In addition, the development of green banking associated with the green economy is not only a form but will become the core value of the bank, recognized and appreciated in the trend of integration and sustainable development.

A Study on Role of Fintech Services Impact of Business Growth Selected a Public Sector Bank in Punjab

Purpose: The aim of this study is to examine the role of Fintech services in the growth of Selected National Bank's business. The study looked at the 3G and 4G eras, from 2008-09 through 2021-22. Theoretical Framework: The study main focus on banks are offering various services to their customer’s like Mobile banking, Internet banking, ATM and other services using 3G and 4G technology. These banks have heavy competition among themselves in providing latest and user friendly digital services to their customers to make them satisfy. Design/Methodology/Approach: The study took into account the six Fintech services related to business-to-customer. For the analysis of framed objectives, the study used a quantitative research approach. The study built the Banking Technology Index (BTI) using the six Fintech services and deemed it a proxy for the bank's operations. Findings: The study looked over the entire time period and discovered that all Fintech services have a beneficial impact on SNB's business growth. The study reveals that bank can improve the customer’s satisfaction that ultimately have the positive ripple effect on the business growth. Research, Practical & Social Implications: The study used bivariate correlation to measure the relationship of chosen Fintech services with the BTI and discovered that the majority of the services have a substantial positive link during the 3G and 4G periods. The OLS was employed to assess how Fintech services might affect BTI and it was discovered that in the 3G time, ATM influence was greater, while in the 4G period, credit cards played a critical part in SNB business growth. Originality/Value: The study provides the Fintech services during 3G and 4G period to the customer services Banking Technology Index, there is no literature that discusses the use of 3G and 4G services on modal to evaluate fintech banking services in the research area. As a result, the purpose of this paper is to make up for this void.

A transformer-based deep neural network model for SSVEP classification

Steady-state visual evoked potential (SSVEP) is one of the most commonly used control signals in the brain–computer interface (BCI) systems. However, the conventional spatial filtering methods for SSVEP classification highly depend on the subject-specific calibration data. The need for the methods that can alleviate the demand for the calibration data becomes urgent. In recent years, developing the methods that can work in inter-subject scenario has become a promising new direction. As a popular deep learning model nowadays, Transformer has been used in EEG signal classification tasks owing to its excellent performance. Therefore, in this study, we proposed a deep learning model for SSVEP classification based on Transformer architecture in inter-subject scenario, termed as SSVEPformer, which was the first application of Transformer on the SSVEP classification. Inspired by previous studies, we adopted the complex spectrum features of SSVEP data as the model input, which could enable the model to simultaneously explore the spectral and spatial information for classification. Furthermore, to fully utilize the harmonic information, an extended SSVEPformer based on the filter bank technology (FB-SSVEPformer) was proposed to improve the classification performance. Experiments were conducted using two open datasets (Dataset 1: 10 subjects, 12 targets; Dataset 2: 35 subjects, 40 targets). The experimental results show that the proposed models could achieve better results in terms of classification accuracy and information transfer rate than other baseline methods. The proposed models validate the feasibility of deep learning models based on Transformer architecture for SSVEP data classification, and could serve as potential models to alleviate the calibration procedure in the practical application of SSVEP-based BCI systems.

The Role of Attitude in Mediating the Influence of Perceived Usefulness on Intention to Use Nagari Mobile Banking

The growth of the banking industry is increasing rapidly, this has resulted in increasingly intense competition between these banks. One of them is using mobile banking services. This Mobile Banking service is to answer the needs of society in the digital era to carry out a number of financial transactions for customers who want convenience. Where the use of technology in banking refers to the theory of technology acceptance model (Technology Acceptance Model or TAM) which is a model of acceptance of information technology systems that will be used by customers in the form of using mobile banking applications. This study aims to determine the role of attitude in mediating the effect of perceived usefulness on intention to use Nagari Mobile Banking (Case Study on Customers of Bank Nagari Main Branch). The population is all customers using Nagari Mobile Banking banking services at Bank Nagari Main Branch with a total sample of 100 people. The sampling technique used purposive sampling method. Data analysis using SEM-Partial Least Square (PLS). The results of the research are as follows, perceived usefulness has a positive and significant effect on customer attitudes in using Nagari Mobile Banking, perceived usefulness has a positive and significant effect on intention to use Nagari Mobile Banking, customer attitude has a significa nt positive effect on intention to use Nagari Mobile Banking, and Perceived usefulness has a significant positive effect on the intention to use Nagari Mobile Banking which is mediated by the customer's attitude.

A Simulation of the Optimal Personnel Demand for Banking Hall Services

The banking industry has seen a revolutionary moment in adopting mobile banking technology in the last few years. The technology has contributed to many customers keeping off the banking hall for basic and routine transactions. This has largely been attributed to the convenience of mobile banking, including time management and increased privacy. However, there are still times when a bank conducts large-scale service provision for many people. For example, a payment agency contracted by the government to disburse funds to a section of the citizens may require that money be channeled only through a particular bank. If the period for such a requirement is limited, there is likely to be pressure on both the bank and the would-be customers because of long queues. For cases like that, there is a need to simulate possible scenarios and plan to avoid delays and frustrations for both parties. This work proposes a queue simulation model that can be used to forecast the number of bank staff that can be deployed for such a scenario vis a vis the expected number of customers seeking service. Results have shown that the simulation model can help the bank management make optimal choices that will avoid waste in the form of human or financial resources.

STRATEGI PEDAGANG PASAR GROSIR CIPULIR DENGAN PERKEMBANGAN TEKNOLOGI 2010-2022

The Cipulir Market is a wholesale market with good potential, the potential has been enhanced with the development of the times, which in its development, presents additional trading strategies in Cipulir Market. The purpose of this research is to look at changes in trading strategies carried out by Cipulir Market traders considering technological developments. The method used is the historical method with heuristics, verification, interpretation, and historiography. The results of the study found a correlation between the development of the technological era and the strategy of Cipulir Market traders. This can be seen from the development of banking technology, social media, and online stores, where in some periods there have been significant changes. For instance, what used to be payments that could only be made in cash can now be made using mobile banking applications; the use of social media, which was previously only used to establish communication, is now used by traders to promote directly to consumers; and the use of online stores, which were previously doubted by traders, is now convinced by the existence of offline stores that can be visited directly if there is a mismatch in the products offered. These are the evidence of technological developments that support and add to the trading strategies carried out by Cipulir Market traders.

The Effect of Technological Banking Services on Enhancing the Financial Inclusion of a Sample of Local and Foreign Banks in The City Of Erbil

The research focuses on the importance of technological banking services in promoting financial inclusion, which aims to attract the financially excluded and integrate them within the formal financial system, and deliver financial services and products to them, especially the low-income individuals and families, at an appropriate cost, and the binary logistic regression model was used based on a sample questionnaire. It reached (30) private banks in the city of Erbil, and for the purpose of analyzing the collected data, the statistical program SPSS was used. The research concluded that the transactions of most explanatory variables (banking technology) have a positive impact on the dependent variable (financial inclusion). It also suggested providing and expanding Using banking applications on mobile phones, and localizing employee salaries.

Design and Optimization Method of Intelligent Interconnection Decision System Based on Blockchain Technology

Blockchain, as the application of distributed computing and data storage, point-to-point transmission, encryption algorithm, consensus mechanism, and other technologies, has become an important hotspot of data technology in banks, securities, and other Internet enterprises. In view of the problems of delay and large throughput in the current intelligent interconnection system of block chain, this paper proposes an optimization method of intelligent interconnection of block chain technology, so as to improve the performance of the system. In this paper, firstly, the development of intelligent interconnection and the related concepts of intelligent interconnection system optimization are put forward. Then, the related algorithms of blockchain are proposed, including the consensus algorithm of blockchain and the throughput delay algorithm of blockchain. Finally, in the experimental part, the blockchain technology is deeply studied, and the advantages and internal structure of blockchain are clearly analyzed. Then, by comparing the consensus of blockchain to optimize intelligent interconnected system and comparing blockchain technology with ordinary technology to optimize intelligent interconnected system, it is concluded that blockchain plays a positive role in optimizing intelligent interconnected system and also promotes the optimization of intelligent system. Therefore, we should introduce the related technologies of blockchain into the optimization of intelligent interconnection system, and its blockchain technology analysis can make up for the shortcomings of intelligent interconnection system. It also shows that blockchain technology is suitable for many information research fields and plays an irreplaceable role. The blockchain system consists of six different hierarchies, mainly network data layer and blockchain consensus layer. The data layer mainly encrypts the data related to blockchain. The consensus layer recognizes the main algorithms of blockchain, which can encapsulate the network information nodes of blockchain. Therefore, when blockchain carries out relevant information analysis algorithms, it mainly relies on blockchain consensus algorithm. It is beneficial to analyze the complex information of the system and promote the optimal development of blockchain.

Application of quantum technologies in banking

Aim. IThe presented study aims to identify current trends and key directions for the introduction of quantum technologies into the management practices of Russian credit institutions to improve their performance in the medium term.Tasks. The authors comparatively analyze current trends in the application of quantum technologies in the banking business; forecast key trends in their development in the medium term in the context of the Russian banking sector.Methods. The authors use the methods of comparative and system analysis, scientific abstraction, and hypothesis.Results. Practical examples of the introduction of modern quantum technologies in the foreign and Russian banking business are provided. As a result, priority directions and areas of their application are identified with an emphasis on the domestic banking sector: credit scoring, assessment of the value and risk of investment, diversification of investment portfolios, financial forecasting, crisis prediction, fraud detection, protection of banking and customer databases from the quantum threat, and increasing the level of banking cybersecurity in general.Conclusions. Despite the novelty of quantum technologies in the banking business, the role they will play in banking in the near future is difficult to overestimate. Quantum computers can significantly improve the performance of banking IT systems by solving computational tasks that even super-powerful conventional computers are not able to tackle on their own. They significantly increase the efficiency of modeling complex systems and processes; accelerate the soultion of problems associated with resource optimization, logistics, finance, and trading; simplify work with big data using artificial intelligence (AI) and machine learning models in neural networks; help to combat cyber attacks and fraud in financial markets.

The Role of the Banking Industry in Achieving Regulatory Brilliance- Evidence from Commercial Banks in Jordan

This study constitutes a relatively new area, the aim of this research is to identify
 whether the use of technology (Banking Industry) in banking leads to regulatory brilliance. Recently, banks have become interested in developing the banking industry and looking for everything new to increase efficiency and improve banking performance and its positive impact on individuals and institutions, the evolution of the banking industry has contributed to multiple solutions to many things; Therefore, creating a suitable banking environment for the sheer scale of development helps organizations towards creativity and thus to achieve organizational brilliance. This study aims to develop the concept of banking industry and its key role in creating a comprehensive and integrated environment and thus to promote the banking sector by introducing the concept of regulatory brilliance. Therefore, a sample of Jordanian commercial banks was selected through our study, and it was distributed to workers (Bank Managers, Clients Departments & Accountants) a questionnaire of (200) forms which includes (30) questions, then an analysis of the questionnaire that was distributed to banks employees and the search sample included the independent variable which is the banking industry and its dimensions (technology, time, cost) and the dependent variable which is regulatory brilliance and its dimensions (brilliance in service and innovation, brilliance in leadership, brilliance in knowledge).The study shows the interrelationship between the banking industry and its development to achieve the regulatory brilliance in the banks.
 

Blockchain Technology in Banking - Applications, Challenges, and Security Issues

Blockchain Technology in Banking - Applications, Challenges, and Security Issues

Effect of Internet Banking Technology on Loan Performance of Deposit-Taking SACCOs in Mombasa County, Kenya

Financial institutions are now able to become more efficient while also putting the needs of the client first, thanks to technological advancements in the digital financial sector. By focusing on determining the impact of internet banking technology on loan performance in DT SACCOs in Mombasa County, this study examined the impact of digital financial innovations on the loan performance of DT SACCOs in Mombasa County. The importance of financial innovation adoption by financial services industry participants was highlighted by prior research findings. To identify the research gaps forming the basis for the study, the diffusion of innovation theory, theory, and the literature of such studies was reviewed. A descriptive research design was adopted for the study. The research sample consisted of 70 respondents drawn from the board of management and staff of the six deposit-taking SACCOs in Mombasa County. Of the 70 questionnaires, 63 were completed and returned representing 90% response rate. The findings show that the majority of respondents believe that internet banking technology (mean: 4.18) has a substantial effect on loan performance in DT SACCOs in Mombasa. The results of the regression analysis and hypothesis testing indicate that when digital financial innovations are implemented in the loaning procedures and processes, DT SACCOs' loan performance increases. The study recommends that DT SACCOs should consider internet banking technology, given that the financial sector is moving toward a digital environment if they want to improve the performance of their loan portfolio.

Risks and Benefits Associated with Superior Mobile Banking Technology

Risks and Benefits Associated with Superior Mobile Banking Technology

Technology Adoption in Indian Banking Sectors – 2023

The Recent Technology in banking has become even more evident in recent years, as phone, online and mobile banking has revolutionize the way we take care of our finances. In fact, one might argue that the impact of technology in the banking sector has meant that we now have no excuse for being overdrawn or not paying credit card bills on time. In previous generations, the only way to find out how much money you had in the bank was to keep a detailed log book or pay a visit to your local branch and ask the teller to check the ledger for you. Then along came the innovation known as the ATM machine, which allowed us to withdraw cash from hundreds of convenient locations and check our balance while we were at it. Nowadays, with mobile banking apps it’s possible to check your balance any time any place. So before you splash out on a new stereo or home entertainment system you can check your account then and there just to be sure you can afford it. Another one of the Advantages of technology in banking is that it allows us to pay bills quickly and without physical visit. We can arrange to have them paid by direct debit every month at a time that suits us, or we can make one off transfers as and when the bills come in. This means that there’s no longer any need to pay a physical visit to your branch to pay bills and it also means we are more likely to pay them on time. People who find it more difficult to manage their money can arrange for as many bills as possible to be paid just after their salary clears their account so that they know the essentials are covered before they can spend on luxuries. In this paper has been made an attempt on “Technology adoption in Indian Banking Sector.