Download or read book Does IT Help written by Toni Ahnert and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper provides novel evidence on the importance of information technology (IT) in banking for entrepreneurship. To guide our analysis, we build a parsimonious model of bank screening and lending. The model predicts that IT in banking can spur entrepreneurship by making it easier for startups to borrow against collateral. We empirically show that job creation by young firms is stronger in US counties that are more exposed to IT-intensive banks. Consistent with a strengthened collateral channel, entrepreneurship increases by more in IT-exposed counties when house prices rise. Regressions at the bank level further show that banks' IT adoption makes credit supply more responsive to changes in local house prices, and reduces the importance of geographical distance between borrowers and lenders. These results suggest that IT adoption in the financial sector can increase dynamism by improving startups' access to finance."--Abstract.
Download or read book Role of Information Technology in the Development of Banking Sector in India written by Megha Jain and published by . This book was released on 2014 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liberalization and Information technology has attracted many foreign banks to India, thereby opening up new markets, new products and efficient delivery channels for the banking industry. In the development of Indian Economy, Banking sector plays a very important and crucial role. With the use of technology there had been an increase in penetration, productivity and efficiency. It has not only increased the cost effectiveness but also has helped in making small value transactions viable. It also enhances choices, creates new markets, and improves productivity and efficiency. It has been noticed that financial markets have turned into a buyer's markets in India. Commercial Banks in India are now becoming a one-stop Supermarket. The focus is shifting from mass banking to class banking with the introduction of value added and customized products. Technology allows banks to create what looks like a branch in a business building's lobby without having to hire manpower for manual operations. The branches are running on the concept of 24 X 7 working, made possible by the use of Tele banking, ATMs, Internet banking, Mobile banking and E - banking. These technology driven delivery channels are being used to reach out to maximum number of customers at lower cost and in most efficient manner. The beauty of these banking innovations is that it puts both banker and customer in a win- win situation. Effective use of technology has a multiplier effect on growth and development.
Download or read book Modern Banking Technology written by Dr. Firdos T. Shroff and published by Northern Book Centre. This book was released on 2007 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book on Modern B@nking Technology is a systematic and comprehensive insight into technology-led banking. It is an encyclopaedia of Banking Technology. The book covers the rich experience of the author in the field of banking and finance. The book will be found useful by banks, researchers, Executives / Directors, IT professionals, pursuers of courses on IT by IIBF, viz., JAIIB / CAIIB / Diploma in Banking Technology / MBA / Certificate Examinations as also by IGNOU / ICAI / ICFAI / ICSI / ICWA / Management Institutions/Universities for practical exposure and professional orientation. The book contains in detail the following ¿Impact on and explosion of Banking Technology in new millennium ¿Innovations in 'Paperless¿ banking¿Payment and Settlement Systems (RTGS) & Cheque Truncations, etc¿Role of IDRBT in development of Protocols and Standards¿Role of IBA and Report on Banking Industry VISON-2010
Download or read book Banking Services and Information Technology written by Rajinder Kumar Uppal and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: ABOUT THE BOOK Banking sector in India has been a major beneficiary of the inroads made by information technology. Many new processes, products and services offered by banks and other financial intermediaries are now IT-centred. Effective integration of technology with sound business practices requires business process re-engineering and banks in India need to follow up on the beginnings made in this regard. Most of the initiatives regarding technology are aimed at providing better and more efficient customer service by offering multiple options to the customer. The death of distance, which is a by-product of technology, has become a reality in the banking sector. Technology is also playing a key role in banks? strategy for gaining a competitive edge. Another major development witnessed in recent years is the growth in multiple delivery channels to customers such as internet-based banking, mobile banking and anywhere banking. This has benefited the customers and the banks alike. While customers have now a wide variety of options to choose from, banks have been able to reduce costs which have had a positive impact on their profitability. These developments have, however, also posed certain challenges. In a world where geographical barriers are losing significance, it is essential that security is given prime importance in a transnational scenario where large sums of money are at stake. While the challenges relating to physical security could be confronted with relative ease, the position is much more complicated in respect of IT security.
Download or read book Advances in Banking Technology and Management Impacts of ICT and CRM written by Ravi, Vadlamani and published by IGI Global. This book was released on 2007-10-31 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking across the world has undergone extensive changes thanks to the profound influence of developments and trends in information communication technologies, business intelligence, and risk management strategies. While banking has become easier and more convenient for the consumer, the advances and intricacies of emerging technologies have made banking operations all the more cumbersome. Advances in Banking Technology and Management: Impacts of ICT and CRM examines the various myriads of technical and organizational elements that impact services management, business management, risk management, and customer relationship management, and offers research to aid the successful implementation of associated supportive technologies.
Download or read book Role Of Information Technology In Financial Inclusion With Special Reference To Banking Sector In Sagar City Madhya Pradesh written by Dr. Ashad ullah Qureshi and published by Concepts Books Publication. This book was released on 2022-06-01 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a growing interest in financial inclusion to enable financial services to low income population, disadvantaged sections for developing their life-standard. This will help in strengthening the economic growth of the developing countries. Dr K.C. Chakraborty, Deputy Governor Reserve Bank of India said on September 06-2011 in his speech that 2.5 billion adults, just over half of world's population of adults, do not use formal financial services t v save or borrow. Out of these un-served adults, 2.2 billion live in Africa, Asia, Latin America, and the Middle East regions. This is not an India specific problem of India but is a global one
Download or read book Indian Banking in Electronic Era written by Sanjay Kaptan and published by Sarup & Sons. This book was released on 2003 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Download or read book Exploiting Information Technology for Development written by Nagy Hanna and published by World Bank Publications. This book was released on 1994 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report of the Committee on Technology Upgradation in the Banking Sector written by Reserve Bank of India. Committee on Technology Upgradation in the Banking Sector and published by . This book was released on 1999 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Information Communication Technology and Economic Development written by Tojo Joseph Thatchenkery and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information Communication Technology and Economic Development provides a quick and broad overview of the Indian ICT sector. With its exhaustive examination of the business management and industrial organisation of the ICT sector, it is a particularly useful tool for any researcher or policy analyst interested in a thorough analysis of the mechanics of the sector and the Indian context within which it operates. Syud Amer Ahmed, Papers in Regional Science India has become a highly visible participant in the information communication technology (ICT) industry. Since the 1990s, it has been one of the fastest growing economies in the world, emerging as the most watched test of global capitalism. The contributors to this volume examine how the ICT-driven development of India appears to have skipped the middle stages of the traditional economic development models and leapfrogged directly to the final stage whereby growth is mostly technologically driven. Information Communication Technology and Economic Development reveals new insights regarding the complex process of globalization. It shows how the generation and circulation of intellectual capital in the US and India in ICT have led to greater productivity in the US while facilitating the economic development of India. Most industrialized nations now see the vast intellectual capital-based services that India provides at extremely competitive rates as key to their own national competitiveness in the global arena. The contributors findings suggest that India s ICT-led growth will accelerate in the next ten years, launching India as a major global economic power next to the US and China. This provocative and timely volume will be a necessary read for students and scholars of international business, public policy, economic development, management and strategy as well as all those interested in the impact of globalization on national and regional economies.
Download or read book Indian Banking Industry and Information Technology written by R. K. Uppal and published by . This book was released on 2006-01-01 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The growing competition among the banks is forcing the nationalized banks to provide prompt and reliable customer service and offer a variety of hi-tech banking products/services. In the background of these recent developments, this book examines the impact of IT on the growth and performance of a cross-section of banks in India. It offers various guidelines for the banking industry to improve its performance in the changed scenario characterised by openness, competition and prudence."
Download or read book Information Technology Adoption and the Role of Organizational Readiness written by Monideepa Tarafdar and published by . This book was released on 2007 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Indian Banking Moving Towards Information Technology written by Rajinder Kumar Uppal and published by . This book was released on 2008-01-01 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Banking with Technology written by R. K. Uppal and published by . This book was released on 2008-01-01 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: India's banking sector has made rapid strides in reforming and aligning itself to the new competitive business environment. Indian banking industry is in the midst of an IT revolution. Technological infrastructure has become an indispensable part of the reforms process in the banking system, with the gradual development of sophisticated instruments and innovations in market practices. In India, the Reserve Bank of India (RBI) has taken active interest in developing appropriate technological infrastructure to facilitate market development in areas such as payment and settlement systems, Delivery versus Payment (DvP) and Electronic Funds Transfer (EFT). This book contains 19 articles by scholars specialising in the area of banking technology. It provides an insight into the current developments and future of technology upgradation in the Indian banking industry.
Download or read book Role of IT ITES in Economic Development of Asia written by Soumyen Sikdar and published by Springer Nature. This book was released on 2020-10-09 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the contribution of Information Technology (IT) and Information Technology Enabled Services (ITES) in shaping the current and future global economic scenario, with a special focus on Asia, and taking into account the three broad macroeconomic dimensions — growth, sustainability and governance mechanisms. The last two decades have witnessed a structural shift in the world economy due to the tremendous growth in gross domestic product share for the service sector; in fact, service has emerged as the dominant sector and the main driver of GDP growth. This is mainly attributable to the spectacular success of the IT sector in the new knowledge economy. Tradability, technology and transportability – the three T’s – govern productivity growth in today’s services. Growing Asian economies such as India, China and Vietnam, using their demographic advantages, have been reaping the benefits of this boom. The book’s content focuses on recent debates and discussions concerning the issue of long-term sustainability and governance, especially in India, as these companies are facing continuous challenges in terms of international competition, salary inflation, health hazards, scarcity of talent, employee attrition, security concerns, global slowdown and many other technology-related issues. The book further highlights how the increased application of IT-based products and services is resulting in harsh inequalities concerning income distribution in many developing countries of Asia, mainly because of its labor shedding nature, and hence might be detrimental to sustainable development, if suitable policy measures are not implemented to counter these effects. The book provides a wealth of information for researchers, graduate students and political scientists alike, as well as thought-provoking insights for social scientists, policymakers and government officials. It also offers a valuable source of data for business and management professionals, and for members of Chambers of Commerce and Industry.
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
