banking information systems banking business
221178873
Databases and Information Systems in the AI Era: Contributions from ADBIS, TPDL and EDA 2020 Workshops and Doctoral Consortium
Research on database and information technologies has been rapidly evolving over the last couple of years. This evolution was lead by three major forces: Big Data, AI and Connected World that open the door to innovative research directions and challenges, yet exploiting four main areas: (i) computational and storage resource modeling and organization; (ii) new programming models, (iii) processing power and (iv) new applications that emerge related to health, environment, education, Cultural Heritage, Banking, etc. The 24th East European Conference on Advances in Databases and Information Systems (ADBIS 2020) the 24th International Conference on Theory and Practice of Digital Libraries (TPDL 2020) and the 16th Workshop on Business Intelligence and Big Data (EDA 2020) held during August 25 27, 2020, at Lyon, France, and associated satellite events aimed at covering some emerging issues related to database and information system research in these areas. The aim of this paper is to present such events, their motivations, and topics of interest, as well as briefly outline the papers selected for presentations. The selected papers will then be included in the remainder of this volume.
ADBIS/TPDL/EDA Workshops
Ladjel Bellatreche Fadila Bentayeb Maria Bielikova Omar Boussaid Barbara Catania Paolo Ceravolo Elena Demidova Mirian Halfeld-Ferrari Maria Teresa Gomez Lopez Carmem S Hara Slavica Kordic Ivan Lukovic Andrea Mannocci Paolo Manghi Francesco Osborne Christos Papatheodorou Sonja Ristic Dimitris Sacharidis Oscar Romero Angelo Antonio Salatino Guilaine Talens Maurice van Keulen Thanasis Vergoulis Maja Zumer
225155520
FinTech revolution: the impact of management information systems upon relative firm value and risk
The FinTech or 'financial technology' revolution has been gaining increasing interest as technologies are fundamentally changing the business of financial services. Consequently, financial technology is playing an increasingly important role in providing relative performance growth to firms. It is also well known that such relative performance can be observed through pairs trading investment. Therefore pairs trading have implications for understanding financial technology performance, yet the relationships between relative firm value and financial technology are not well understood. In this paper we investigate the impact of financial technology upon relative firm value in the banking sector. Firstly, using pairs trade data we show that financial technologies reveal differences in relative operational performance of firms, providing insight on the value of financial technologies. Secondly, we find that contribution of relative firm value growth from financial technologies is dependent on the specific business characteristics of the technology, such as the business application and activity type. Finally, we show that financial technologies impact the operational risk of firms and so firms need to take into account both the value and risk benefits in implementing new technological innovations. This paper will be of interest to academics and industry professionals.
J. Bank. Financial Technol.
Sovan Mitra Andreas S Karathanasopoulos
199341078
The Effect of Information Systems on Bank Performance: A comparative study between Islamic and Commercial Banks in Jordan
This study aims to explore and analyze the most important reasons for decision making within the banking sector of Jordan, which, although extremely important, is largely absent in business literature pertaining to Jordan. Essentially, the researcher poses two central questions: Does implementation of Information Systems (IS) impact on business performance, and is there any difference in this impact between the two main groups of banks in Jordan; Islamic and Commercial? Two further questions are also investigated; the extent to which banks are applying IS, and whether there are differences in business performance due to individual bank characteristics, such as extent of capital reserves, the number of years it has been operating and the type of bank. Quantitative methodology has been used to collect and analyze data, which is comprised of 583 questionnaires. Various forms of analysis were employed to examine the research assumptions; independent and one sample t test, multiple regression analysis and ANOVA. The study proposes the following conclusions: IS is applied by banks in Jordan; however, there is variation in application of equipment and software, with Commercial Banks exhibiting positive implementation and Islamic Banks negative implementation. The only significant positive effect of IS was on marketing performance. The relationship does not differ when a comparison between two samples is progressed. Economic performance of a bank is related to the sector (Commercial or Islamic) to which it belongs.
Journal of Social Sciences (COES&RJ JSS)
Belalhashemal Nsour Zeyadal Shobaki Mohamad Alizoubidi
221387164
Intelligent Performance Aware Adaptation of Control Policies for Optimizing Banking Teller Process Using Machine Learning
In the current banking systems and business processes, the permission granted to employees is controlled and managed by the configured access control methods, in which static role based models focus on access to information and functions. The deployed configuration is not reviewed/updated systematically and is handled manually by managers. Consequently, banks and companies are looking for systems and applications to automate and optimize their business processes and data management intelligently. In this context, the notion of integrating machine learning (ML) techniques in banking business processes has emerged. In order to build an intelligent and systematic solution, we combine in this paper ML and dynamic authorization techniques to enable performance based policy evaluation into the banking teller process, where policies adapt to the changes recognized by the ML model. The objective of this work is to focus on the banking teller process that may be generalized to other operational banking processes. In this context, we propose in this paper a new model providing Intelligent Performance Aware Adaptation of Roles and Policy Control using a support vector machine (SVM) We demonstrate that our model is capable of assessing the deployed control policies and updating them systematically with new roles and authorization levels based on tellers' performance, work history, and system constraints. We evaluated different machine learning models on a real dataset generated from a real life banking environment. Experimental results explore the relevance and efficiency of our proposed scheme in terms of prediction accuracy, required authorizations, transaction time, and employees' working hours.
IEEE Access
Bilal M Tay Azzam Mourad
225711204
THE XBRL TECHNOLOGY AND MARKET EFFICIENCY IN BANKING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX)
The problem in this research is the need for fast and accurate information in the format of the presentation of financial statements resulting in the distribution of information, and data management can be problematic. Therefore, a format for financial reporting systems, namely Extensible Business Reporting Language (XBRL) was formed. The purpose of this study was to determine the effect of XBRL technology, stock prices, Return on Assets (ROA) and institutional ownership on market efficiency (information asymmetry and stock trading volume) The population and sample of this study are banking companies listed on the Indonesia Stock Exchange from 2015 2016. The sampling method using a purposive sampling method and obtained a sample of 42 companies. Data collection techniques are carried out by taking data from the Indonesia Stock Exchange website (www.idx.co.id) and the site http:/finance.yahoo.com. Data were analyzed with multiple regression tests after being declared normal with the normality test and though using SPSS 20. The results of this study simultaneously stated that XBRL technology, stock prices, ROA, and institutional ownership together have an influence on information asymmetry and stock trading volume. From the results of the study, it can be concluded that XBRL technology, stock prices, ROA, and institutional ownership cause a decrease in the level of information asymmetry and trading volume. This result also states that the company is in excellent condition when the value of information asymmetry decreases, but it is not good when the trading volume of its shares also decreases. Keywords: XBRL Technology Stock Prices Market Efficiency Information Asymmetry Stock Trading Volume.
Erni Jayani Jumiadi Abdi Winata Khairunnisa Harahap
213664147
Approaches to measuring the risk of cyberattacks in remote banking services of Russia
Purpose. Due to the use of technology in banks their risks of information security breach are rising significantly. In the context of active introduction of remote banking systems (RBS) in banking business of Russia, additional study of issues of assessing the risk of cyberattacks on banking automated systems was required. Methods. The methods of financial management, probability theory, system analysis of scientific literature on fundamental and applied research, and a method of graphical interpretation of analyzed phenomena are used. The paper gives a detailed analysis of the concepts of "cyberspace" and "cybersecurity" Remote banking is considered from the point of view of financial management. Attention is drawn to the factors of work in cyberspace that increase the levels of banking risks. The relationship of cyberattacks on banking automated systems and possible consequences for the bank is analyzed. Novelty. Given the wide spread of social engineering methods when committing fraudulent activities on the Internet the measures to increase the cyber literacy of population are needed. The method for assessing the risk of cyberattacks on RBS for use by risk department specialists and employees of internal control services is developed. As a result, considering innovative systems and technologies that await us in the future, the effectiveness of risk assessment for solving current challenges is increased. Results. Attempts are made to formulate the mathematical model of the probabilistic analysis of information security incidents to optimize the algorithm for responding to incidents. Calculations based on the proposed model made it possible to determine the duration of exploitation of vulnerability of RBS, when the probability of preventing an incident exceeds probability of its realization. The findings may be useful for scientific research on the risks of information security breach in RBS. Keywords cyberspace, risk of cyberattacks, RBS, cybersecurity, risk assessment, information security incident, banking
Alexander A Berdyugin Pavel V Revenkov
68030318
An application of DEMATEL for transaction authentication in online banking
Article history: Received: October 18, 2018 Received in revised format: December 20, 2018 Accepted: January 5, 2019 Available online: January 5, 2019 Business trades among individuals, companies, firms, enterprises, and governments are rapidly expelled from their traditional mode, which were mainly based on paper based exchange, and are geared towards trading through information based systems. E commerce has opened up a new field in terms of speed, efficiency, cost savings, and the exploitation of fleeting opportunities. This paper evaluates different authentication methods for online banking in Parsian Bank, which is one of the biggest private banks in Iran. The study designs a questionnaire and distributes it among some experts to find cause and effect factors based on a multi criteria decision making technique named Decision Making Trial And Evaluation Laboratory (DEMATEL) The study evaluates 12 criteria and divides them into two groups of cause and effect. "Use of mobile systems in authentication methods" "Authentication with fingerprint and smart card" "Authentication with bank card and password" and "Authentication with digital signatures and passwords" are considered as the causative group, while "Authentication with a bank card" "Biometric authentication and disposable codes" and "Authentication with digital signature" are among the effective group. (c) 2019 by the authors; licensee Growing Science, Canada.
Ali Sepehri-Rad Seyed Jafar Sadjadi Soheil Sadi-Nezhad
228957655
The Impact of Information and Communication Technology (ICT) on Rural Banks Management. A Case Study of Atiwa Rural Bank Limited in Ghana
The objective of this study is to assess the strategic Impact of Information, Communication and Technology (ICT) in the rural banking sector and the benefits of introducing ICT in Ghana. SPSS and Microsoft Excel were used to analyze the responses. The study reveals that the Atiwa Rural Bank lacks the desired technologies to support its operations but also had the advantages of limitation of customers' waiting time, fast business with customers, cut down on its operating costs, provision of convenient banking services to its customers and attraction of a large customer base thereby increasing its revenue volume and also experiencing a sharp increase in its profit level since the deployment of Information, Communication, and Technology into its systems. Again, Lack of funds, as well as restrictive ICT policies by supervisory bodies like the Bank of Ghana and the ARB Apex Bank, were found to be influencing against the utilization of Information, Communication, and Technology. The study recommended that the management of Atiwa rural banks should attempt to bring on board more innovative technologies to help the bank survive the current wave of competition in the banking industry so as to contribute its roles to the economic development of the nation.
John Franklin Wiredu Usman Inuwa Labaran Emmanuel Boahen Nketiah Benjamin Kwapong Osibo
230635750
The Internet of Things (IOT) Impacts on Information Management Field
The internet connects people through business and social interaction or through business transactions like e commerce or internet banking. On the other hand, the Internet of Things (IoT) focuses at linking devices or structures with each other through sensors and actuators, to ensure the collection of meaningful information and behaviour can improve human productiveness and output from those systems. It will also lead to the emergence of supplementary or supporting industries and involves many parties that will handle robust information. This paper attempts to discuss the concept of the IoT and the impact given to the Information Management (IM) field. In addition to that, this paper will also debate on the IoT's current issues and provides awareness in handling information without deserting the speed of technology adoption. Keyword: Library and Information Management, Internet of Things, IoT, Technology Adoption, Information Issues and Trends Introduction The concept of Industry 4.0 was initially introduced in Germany in 2011 and is known as the Fourth Industrial Revolution. It is very closely linked to the Internet of Things (IoT) CyberPhysical System (CPS) Information and Communications Technology (ICT) Enterprise Architecture (EA) and Enterprise Integration (EI) (Lu, 2017) The IoT is mentioned by Marr (2019) is one of Industry 4.0's key components and has been identified by connected devices. It helps internal operations as well as optimizing the equipment through the use of the cloud environment where data is stored. The term "Internet of Things" is used as a keyword to cover various aspects of the internet and web expansion into the physical world through the mass deployment of dynamically distributed devices with embedded identification, sensing and/or actuation capabilities. The IoT predicts a future in which digital and physical entities can be linked by means of appropriate information and communication technologies to enable a whole new lesson of applications and services. (Miorandi, Sicari, Pellegrini, Chlamtac, 2012) International Journal of Academic Research in Business and Social Sciences Vol. 1 0 No. 11, 2020, E ISSN: 222 2 6990 (c) 2020 HRMARS 1210 Postscapes (2019) mentioned that Gartner had released their Top 10 Strategic Technologies list at Gartner's 2011 Symposium, where IoT comes in as number 4 on the list. They referred that IoT is a term that explains how the Internet can extend with the application of sensors and information to objects that are connected to the Internet, like consumer products or physical assets. Over the next few years, these developments will reach critical mass and an economic turning point. Referring to Gartner's point of view, IoT has several vital elements which are: Embedded Sensors Sensors that detect and communicate changes are embedded in a growing number of locations and objects, not just in mobile devices. Image Recognition Image recognition technologies are designed to identify objects, people, buildings, logos, etc. that are valuable to consumers and businesses. This technology has been moved from primarily industrial applications to large scale consumer and business applications by smartphones and tablets equipped with a camera. Near Field Communication (NFC) Payment Through waving their mobile phone in front of a compatible scanner, NFC helps users to make transactions. Once NFC is embedded in a critical mass of payment phones, industries such as public transportation, airlines, retail and healthcare can explore other areas where NFC technology can improve customer service and efficiency. From all of the IoT key elements, they are producing and utilizing information in various kind of field and function. It is clearly known that IoT is and will, in future, handling more type of information and we cannot deny that in the evolution of the industry, we will continuously collect, create, receive and capture more data and information. Hence, this will open up many more pros, cons and issues in the field of information and knowledge. It is important for the organization, as well as personal, know how to manage robust information usage in the IoT world. In this paper, we will discuss the issues related and also the impact on information management in the next section. Literature Review In this section, we review the literature on the IoT and IM. The literature review provided the theoretical foundation for this writing. It was conducted based on previous scholars' research, further readings on related books and articles as well as information capturing by the recent or current news regarding this topic via electronic pages and online databases. Concepts of Internet of Things (IoT) Morgan (2017) basically describes IoT as linking any device with an on and off switch to the Internet. It covers everything from cell phones, coffee makers, washing machines, skylights, mirrors, wearables, and much more. This also applies to machine components, such as an aircraft jet engine or an oil plant box. According to Liu and Sun (2011) the IoT idea is not new, and Gabbai (2015) in his article referring to a conversation with Kevin Ashton claimed that Kevin firstly used the IoT term in 1999. The term appears a strange concept during that International Journal of Academic Research in Business and Social Sciences Vol. 1 0 No. 11, 2020, E ISSN: 222 2 6990 (c) 2020 HRMARS 1211 time, and when looked into it further, Kevin said that machines were behaving without sense during the 20th century and only reacted on what was programmed for them. Due to the IoT in the 21st century, computers are able to sense things for themselves as, for example, is GPSbased location sensing. In years back, GPS helps people to find a way through the internet, and it is possible in the near future, it will permit such things as self driving vehicles, reduce traffic and pollution, and allow cities to grow without giving roads as much land. Concepts of Information In our daily work and routine, the word "information" is commonly used. Information is specific and different from data. Information is precise, and information has value in decisionmaking while data does not have. Abumandil and Hassan (2016) state the information have values if it contribute towards the decision making effectiveness to the organization. The information provides clarity and intelligent human response in mind. The data and information are clearly separated in IM. Data is like raw materials, whereas information is equivalent to the goods manufactured after raw materials are processed. The information has some features that improve the company's or individual's representation, update the level of knowledge, have a surprising value, reduce uncertainty, and help in decisionmaking while the quality of certain information depends on the mixture of these features. The Importance of Information Management The management of information is the compilation and managing information that can come from a number of sources, be collected and transmitted to more than one audience in a variety of formats. Information can come from electronic and physical form. Nevertheless, paper and other digital materials such as audio, personal, business and video content are covered by this definition. In the modern age, digital data is the most commonly mentioned within the information management study. Digital data is the data that show other form of data by using specific machine language system that interpret by various technologies (Tech Review, 2019) The massive of big data has been process which will produce the digital data especially it important to the business organization. Information management defines how people and organisations use this information. It ensures that the practicalities of how to deal with it must be valued and the ethical considerations of handling confidential and private information at times taken into account. Information management is the responsibility of the organization and should be considered by workers in every position in the company. The organization should have strategy especially the right technology and skill in handling the information. The company should bring variety of technology which integrated among people, process and function in achieve important of business strategy (Kane et al. 2015) Management of information helps to determine how companies formulate strategies and implement their processes. It is the primary key to business growth. That is why so much effort is poured into designing effective information management systems and trained professionals to help execute them. The strategies management is nothing but planning for predictable and unfeasible contingencies especially for the long term organization sustainability (Tanaji, n.d) There's another side of IM, though and it is a great responsibility for accessing vast amounts of information. Organizations are constantly under pressure to manage and comply with changing legal regulations with accountability and ethics. People International Journal of Academic Research in Business and Social Sciences Vol. 1 0 No. 11, 2020, E ISSN: 222 2 6990 (c) 2020 HRMARS 1212 and governments, therefore, expect more accountability, it is more necessary than ever for them to handle information about the people that organizations carry. Current Issues of Iot The IoT can be used from industry to human bodies in almost every aspect of life. Pepper (2014) listed examples of IoT devices that, among other elements of today's life, could challenge privacy and security. These were involved: 1. Health and fitness device sensors such as countertop devices, wearable, intimate and implantable sensors. Various types of personal health tools from less physically invasive to more invasive are available to produce and store useful information for frequent users. 2. Automobile sensors (black boxes) such as Event Data Recorders (EDR) and consumer's automobi
Aumuhaimi Md Yusof Norhayati Hussin Kamarul Azwan Azman Noraizan Amran Suriana Che Daud Nor Rashimahwati Tarmuchi
133511362
Satisfaction ERP Systems: Impact on End User
ERP systems are integrated information systems that can be applied in both business and non business organizations. For business organizations it covers the entire functional enterprise that includes accounting and finance, production, sales, purchasing, personnel and other functions. These functions are separated by software modules and interconnected with the integrated data center. Implementation of ERP systems does not always provide satisfaction for end users. This paper examines the quality of information systems and service that impact on end user satisfaction, specifically banking companies located in Pekanbaru, Indonesia. Data analysis results reveal that the information systems and service quality partially affect end users' satisfaction with ERP systems and thus these findings, remind the designers of ERP systems to improve the quality information systems and the availability of user friendly service.
Andreas Andreas Riska Natariasari