Bøger af Elian Harvey

Digital banking refers to a type of banking conducted through digital platforms, which eliminates the need of any paperwork such as demand drafts, cheques, or pay-in slips. It entails the digitization of maximum number of traditional banking operations, products, and procedures in order to serve consumers through online channels. The development of new products, services, financial instruments, markets, and institutions is referred to as financial innovation. Lately, varieties of financial innovations have taken place in terms of financial instruments, technology, and payment systems. Financial innovations encompass the technological advancements, which are helping banks broaden their services and satisfy the new expectations of their customers. This book presents researches and studies performed by experts across the globe on digital banking revolution and financial innovation. It will also provide interesting topics for research, which interested readers can take up. Those in search of information to further their knowledge will be greatly assisted by this book.

A bank is a financial institution which has the authority to accept deposits and lend money. The other main activities involved in banking include clearing of cheques, remittance of funds, lockers and safe deposits, overseas banking services, wealth management, investment banking, etc. The banking industry is going through a transformation due to various reasons such as compliance pressures and increased regulation, increased competition from new fintech companies, disruptive technology, and evolving business models. The international banking industry faces various challenges such as consolidating in the face of shifting global growth balances, increased global financial volatility, and weak growth in developed nations. Some of the upcoming technologies which find application in the banking industry are blockchain technology and artificial intelligence. This book unfolds the innovative aspects of banking, its challenges and opportunities. It will also provide interesting topics for research, which interested readers can take up. The book will serve as a valuable source of reference for graduate and postgraduate students.