Banking Innovation 2016
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On The Effectiveness Of Bank Innovations On Financial Performance Of Bank Of Kigali Ltd In Rwanda 2009 2016
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Author : Eric Munyaneza
language : en
Publisher: GRIN Verlag
Release Date : 2019-07-11
On The Effectiveness Of Bank Innovations On Financial Performance Of Bank Of Kigali Ltd In Rwanda 2009 2016 written by Eric Munyaneza and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-11 with Business & Economics categories.
Thesis (M.A.) from the year 2017 in the subject Business economics - Investment and Finance, grade: DISTINCTION, , course: MBA, language: English, abstract: This work analyzes the effectiveness of bank innovations on financial performance of Bank of Kigali Ltd in Rwanda (2009-2016). Banking innovation has played an important role in improving service delivery standards in the Banking institution. In its simplest form, Automated Teller Machines (ATMs), POS, credit cards, mobile banking and other deposit machines now allow consumers carry out banking transactions beyond banking hours. The main objective of the study was to establish the effectiveness of bank innovations on financial performance of Bank of Kigali Ltd in Rwanda. The population under study is 35 staffs of Bank of Kigali Ltd to be given questionnaires and interviewed. A descriptive survey research design was adapted where a total sample of 35 respondents was selected. The primary data were collected using structured questionnaires and interview to address the effect of banking innovation on financial performance of Bank of Kigali. Consequently, both qualitative and quantitative data were collected. The first hypothesis of the study was analyzed on effect of bank innovation on income of Bank of Kigali Ltd. The findings shows 35 staffs of Bank of Kigali Ltd have responded to the administered questionnaire, their mean on the ATM, POS, credits and debit cards, mobile banking internet banking, electronic fund transfer, and digital innovation are strong and their standard deviation are heterogeneity. The second hypothesis was verified where the bank innovations performance were indicated that customers, deposits, incomes increased year to years, loans to assets respect the standard of BNR which says that loans does not exceed 80% of customer deposit and ROE ratio is the following: 29%, 19%, 16%, 19%, 21%, 20%, 21% and 24% respectively. The third hypothesis of the study was to establish the comparison of bank innovations and performance of Bank of Kigali Ltd where before innovation where before innovation number of customers were 135,564 from 2009 while after establishing innovation become 262,284 in 2016. The branches, POS, Mobibank, and ATM have been increased after implementation of innovation in Bank of Kigali. The fourth hypothesis which determines the correlation between bank innovation and performance of Bank of Kigali revealed that there is a strong relationship between two variables which means banking innovation contributed to the performance of Bank of Kigali.
Innovation In The Financial Retail Banking Industry Are Banks Taking Over Fintechs Or Are Fintechs Taking Over Banking
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Author : Frederic Tronnier
language : en
Publisher: GRIN Verlag
Release Date : 2016-06-24
Innovation In The Financial Retail Banking Industry Are Banks Taking Over Fintechs Or Are Fintechs Taking Over Banking written by Frederic Tronnier and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-24 with Business & Economics categories.
Bachelor Thesis from the year 2016 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, University of Frankfurt (Main) (Fachbereich für Wirtschaftsinformatik), language: English, abstract: The thesis focuses on how Fintechs are disrupting the financial retail banking industry and how banks react to these changes. In this context, challenges and opportunities of their actions will be analyzed and discussed. Furthermore, it will be derived how aspects of innovation influence the Fintechs success in this process and how innovation takes place in the financial industry in general. Finally, this thesis discusses the implications of the current situation for both Fintechs and banks, and identifies potential outcomes and consequences for all involved parties. Since the beginning of the 21st century and the spread of the internet whole industries have been transformed or became obsolete. Disruption in the form of digitalization has taken place in the music, book, media and movie industry. Online and mobile services, offered by start-ups and technology companies are changing one industry at a time. Retail-focused companies like Apple, Netflix, Google, Amazon and Twitter have changed the way people think and use music, films, books and media. They also changed the consumers’ general perception of good service, usability and of how companies are doing business. Despite all these improvements in our everyday life, the financial retail banking industry has remained relatively constant, even though it caused people to adapt to new circumstances, in the form of the Global Financial Crisis (GFC), resulting in a Global Recession and higher regulations for the industry. Since then, the industry missed the opportunity to regain the customers’ trust by changing their habits and improving their services. Instead, customers are increasingly unlikely to buy products or refer their bank but are increasingly prepared to leave their bank within the next six months. This state of stagnancy inside the financial retail banking industry seems to have changed. New entrants have caused uproar in the industry. Fintechs, an acronym for financial technology, are entering the retail market, forcing banks to adapt and innovate. Online and mobile banking services are now considered to be the future of financial retail banking. Fintechs threaten to take away customers by offering better and cheaper services with higher usability. As both the number of Fintechs and their customers increase, banks realize that Fintechs are going to be a threat for them.
Technological Change Financial Innovation And Diffusion In Banking
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Author : W. Scott Frame
language : en
Publisher: DIANE Publishing
Release Date : 2010-08
Technological Change Financial Innovation And Diffusion In Banking written by W. Scott Frame and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with Business & Economics categories.
Discusses the technological change and financial innovation that commercial banking has experienced during the past 25 years. Describes the role of the financial system in economies and how technological change and financial innovation can improve social welfare. Surveys the literature relating to several specific financial innovations, which are new products or services, production processes, or organizational forms. The past quarter century has been a period of substantial change in terms of banking products, services, and production technologies. Moreover, while much effort has been devoted to understanding the characteristics of users and adopters of financial innovations, we still know little about how and why financial innovations are initially developed.
Open Innovation In The Financial Services
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Author : Daniel Fasnacht
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-02-11
Open Innovation In The Financial Services written by Daniel Fasnacht and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-11 with Business & Economics categories.
Open innovation means gathering new ideas from sources beyond organizational boundaries. It occurs when solutions to address clients’ needs are developed in collaboration and the resulting products and services are distributed through a flexible network of partners. Daniel Fasnacht’s book, the first of its kind, discusses open business models in the context of the financial services industry. He elaborates the drivers for strategic change such as increasingly sophisticated clients or demanding shareholders among other trends, including the recent global financial crisis, and explains why the transition from a closed model of operation to open innovation is vital. Various case studies illustrate how to integrate the client into the firm's innovation process and emphasize the importance of smart client segmentation and a holistic advisory model to serve clients around the globe. Leaders must develop a set of new management practices to be able to invest in multiple strategic directions. They are responsible for giving clients a remarkable experience and for creating social relationship capital based upon an open innovation culture. Open Innovation in the Financial Services provides a much-needed framework for helping to understand industry dynamics in banking and to make the most of organizational energy by using open innovation to sustain profitable growth. The book comes at the right time and offers a new mindset for business – not only for expansion strategies in general, but especially during turbulent times.
The Digital Banking Revolution
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Author : Luigi Wewege
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2016-12-20
The Digital Banking Revolution written by Luigi Wewege and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-20 with categories.
Over the past decade financial service innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model which has been in place for generations. These new technological advancements have facilitated the rapid emergence of digital banking firms and FinTech companies, leading to established banks being forced to swiftly increase their pace of digital adoption to stay relevant and stop mass client attrition to these agile financial start-ups. These threats come at an inopportune time for banks due to mature markets currently experiencing stagnant growth. This coupled with decreasing profit margins due to the competitive pricing of new entrants, and financial customer loyalty becoming ever increasingly more tenuous.
The Financial Services Guide To Fintech
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Author : Devie Mohan
language : en
Publisher: Kogan Page Publishers
Release Date : 2020-01-03
The Financial Services Guide To Fintech written by Devie Mohan and has been published by Kogan Page Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-03 with Business & Economics categories.
Fintech has emerged as one of the fastest growing sectors in the financial services industry and has radically disrupted traditional banking. However, it has become clear that for both to thrive, the culture between fintech and incumbent firms must change from one of competition to collaboration. The Financial Services Guide to Fintech looks at this trend in detail, using case studies of successful partnerships to show how banks and fintech organizations can work together to innovate faster and increase profitability. Written by an experienced fintech advisor and influencer, this book explains the fundamental concepts of this exciting space and the key segments to have emerged, including regtech, robo-advisory, blockchain and personal finance management. It looks at the successes and failures of bank-fintech collaboration, focusing on technologies and start-ups that are highly relevant to banks' product and business areas such as cash management, compliance and tax. With international coverage of key markets, The Financial Services Guide to Fintech offers practical guidance, use cases and business models for banks and financial services firms to use when working with fintech companies.
Disruptive Technology In Banking And Finance
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Author : Timothy King
language : en
Publisher: Springer Nature
Release Date : 2021-10-31
Disruptive Technology In Banking And Finance written by Timothy King and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-31 with Business & Economics categories.
This book exemplifies the potential of FinTech to deliver important economic and societal gains, such as enhancing competition and financial inclusion to deliver tailored financial products and services at more affordable prices and at greater convenience. The emergence of FinTech directly challenges the business models of incumbent financial intermediaries like banks, which are adapting by developing their own FinTech offerings and partnering with FinTech and large technology firms. FinTech also constitutes both known and unknown risks to financial stability and challenges regulators to evaluate whether existing regulations are sufficient. The emergence of FinTech as a global phenomenon requires insightful cross-country analysis and different perspectives to evaluate its development and associated opportunities and challenges. This book will be of interest to practitioners, regulators and students of this essential enabling technology that is a major component of the Fourth Industrial Revolution.
Innovation And The Future Proof Bank
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Author : James A Gardner
language : en
Publisher: John Wiley & Sons
Release Date : 2011-04-20
Innovation And The Future Proof Bank written by James A Gardner and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-20 with Business & Economics categories.
Innovation, the conversion of the new to business as usual, is a very special business process. It is the business process able to reprogram all others. Creating the practices that make this process work is a key challenge for all in financial services that are worried about responding to the future. When an institution can identify things that are outside its present practices and convert them, production line style, into products, processes, cultural changes, or new markets, it will never be outpaced by internal or external change again. The institution becomes "FutureProof". This is a book about those practices in banks. It explains, using examples from institutions around the world, what it takes to create an innovation culture that consistently introduces new things into undifferentiated markets and internal cultures. It shows how banks can leverage the power of the new to establish unexpected revenue lines, or make old ones grow. And it provides advice on the social and political factors that either help or hinder the germination of the new in banks. Moreover, though, this is a book about the science of innovation in a banking context. Drawing from practices already highly developed in financial services—managing portfolios of assets to mitigate risk—it explains how practitioners can run their innovations groups like any other business line in the bank one that delivers a return on investment predictably and at high multiples of internal cost of capital. For leaders, Innovation and the Future Proof Bank provides the diagnostic tools to guide benchmarking and investment decisions for the innovation function. And for innovation practitioners, the book lays out everything needed to make sure that converting the new to business as usual is predictable, measurable, and profitable.
The Digital Banking Revolution
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Author : Luigi Wewege
language : en
Publisher:
Release Date : 2017
The Digital Banking Revolution written by Luigi Wewege and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
Virtual Banking
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Author : Dan Schatt
language : en
Publisher: John Wiley & Sons
Release Date : 2014-07-21
Virtual Banking written by Dan Schatt and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-21 with Business & Economics categories.
Technology is permanently transforming the banking industry, and digital payments are the key Electronic Payments, Mobile Commerce, and Virtual Banking: A Guide to Innovation, Partnering, and Regulation takes a hands-on approach to competing in the modern banking environment. Former PayPal Head of Financial Innovation Dan Schatt explores the reasons behind the massive consumer migration away from traditional banks, and provides clear, actionable guidance on beating new banking models at their own game. Digital payment is the hottest topic in banking today, and is set to define the future of the industry. Consumers are rapidly abandoning traditional banks in favor of institutions that are lower-cost and more consumer-centric. Between the pace of financial regulatory reform and the cloud computing revolution, the old banking model is on the fast track to extinction. Electronic Payments, Mobile Commerce, and Virtual Banking provides the information banks need to compete in this new environment, and details the integral implementation actions that will allow them to thrive. The book discusses real-world innovations from banks, non-banks, and up and comers, and the heavy competition from the new outsource bank model. Topics include: The changing POS landscape and the need for digital wallet partnerships Shifting gears to greenfield market opportunities versus non-profitable markets Digital channel best practices for superior customer experience When to outsource, and what capabilities to truly own Case studies including PayPal, Google, Square, Facebook, Twitter, and more illustrate acceleration of innovation through banking partnerships, as well as the mechanics behind banking's biggest, scariest threats. The trick to surviving the paradigm shift is to embody innovation while providing a superior customer proposition. Electronic Payments, Mobile Commerce, and Virtual Banking: A Guide to Innovation, Partnering, and Regulation provides the inside track on managing the shift and dominating the new marketplace.