Information and privacy in the digital age
- Authors: Holm, Eric
- Date: 2007
- Type: Text , Conference paper
- Relation: Paper presented at 14th Annual Global Finance Conference
- Full Text:
- Reviewed:
- Description: Technological evolution is changing the way in which financial services are produced and delivered. The delivery of financial services has changed as the world has become a smaller place thanks to the worldwide networked infrastructure of the Internet. Indeed, the delivery of financial services is moving toward an increasing multitude of alternative channels of delivery and away from the traditional bricks-and-mortar delivery channels (Claessens, Glaessner & Klingebiel 2004). As the methods of delivery have changed, so to, have the risks involved with doing business. Internet users sending personal and proprietary data over the internet are increasingly at risk with respect to the information they send across the interconnected network, that is the Internet (Cranor, 2002). In the context of finance, these concerns hinge squarely upon the privacy of information. This paper will take a critical view of privacy and information security in finance. In doing this, the threats that arise because of the technologies of digital information and the kinds of countermeasures that can be effective will be discussed.
- Authors: Holm, Eric
- Date: 2007
- Type: Text , Conference paper
- Relation: Paper presented at 14th Annual Global Finance Conference
- Full Text:
- Reviewed:
- Description: Technological evolution is changing the way in which financial services are produced and delivered. The delivery of financial services has changed as the world has become a smaller place thanks to the worldwide networked infrastructure of the Internet. Indeed, the delivery of financial services is moving toward an increasing multitude of alternative channels of delivery and away from the traditional bricks-and-mortar delivery channels (Claessens, Glaessner & Klingebiel 2004). As the methods of delivery have changed, so to, have the risks involved with doing business. Internet users sending personal and proprietary data over the internet are increasingly at risk with respect to the information they send across the interconnected network, that is the Internet (Cranor, 2002). In the context of finance, these concerns hinge squarely upon the privacy of information. This paper will take a critical view of privacy and information security in finance. In doing this, the threats that arise because of the technologies of digital information and the kinds of countermeasures that can be effective will be discussed.
Implementation of service systems on the shop-floor level in financial service companies. Empirical evidence from Australia and Germany
- Leyer, Michael, Kronsbein, Daniel, Willis, Richard, Chakraborty, Ayon, Moormann, Jurgen
- Authors: Leyer, Michael , Kronsbein, Daniel , Willis, Richard , Chakraborty, Ayon , Moormann, Jurgen
- Date: 2016
- Type: Text , Journal article
- Relation: International Journal of Production Research Vol. 54, no. 11 (2016), p. 3229-3242
- Full Text:
- Reviewed:
- Description: This article presents the practices of Australian and German financial service providers regarding the implementation of shop-floor control within different types of service systems. The results delivered in this article should serve as a guideline for future research to develop and adapt methods for shop-floor control in financial service systems. Interviews with 25 experts from the Australian and German financial services industry reveal novel insights into the practice of shop-floor control, suggesting that methods and concepts from manufacturing are only used to a limited extent for shop-floor control. Shop-floor control is mostly used to react quickly to unexpected deviations due to a low usage of forecasts and information systems. Thus, there seems to be improvement potential in the financial services industry in comparison with in the manufacturing industry in terms of shop-floor control. Further research within the production research area should use the empirical insights to test and adapt existing methods and to develop new ones, taking cultural differences into account. © 2015 Taylor & Francis.
- Authors: Leyer, Michael , Kronsbein, Daniel , Willis, Richard , Chakraborty, Ayon , Moormann, Jurgen
- Date: 2016
- Type: Text , Journal article
- Relation: International Journal of Production Research Vol. 54, no. 11 (2016), p. 3229-3242
- Full Text:
- Reviewed:
- Description: This article presents the practices of Australian and German financial service providers regarding the implementation of shop-floor control within different types of service systems. The results delivered in this article should serve as a guideline for future research to develop and adapt methods for shop-floor control in financial service systems. Interviews with 25 experts from the Australian and German financial services industry reveal novel insights into the practice of shop-floor control, suggesting that methods and concepts from manufacturing are only used to a limited extent for shop-floor control. Shop-floor control is mostly used to react quickly to unexpected deviations due to a low usage of forecasts and information systems. Thus, there seems to be improvement potential in the financial services industry in comparison with in the manufacturing industry in terms of shop-floor control. Further research within the production research area should use the empirical insights to test and adapt existing methods and to develop new ones, taking cultural differences into account. © 2015 Taylor & Francis.
Determinants of the intention to adopt digital-only banks in Malaysia: The extension of environmental concern
- Saif, Mashaal A. M., Hussin, Nazimah, Husin, Maizaitulaidawati Md, Alwadain, Ayed, Chakraborty, Ayon
- Authors: Saif, Mashaal A. M. , Hussin, Nazimah , Husin, Maizaitulaidawati Md , Alwadain, Ayed , Chakraborty, Ayon
- Date: 2022
- Type: Text , Journal article
- Relation: Sustainability (Basel, Switzerland) Vol. 14, no. 17 (2022), p. 11043
- Full Text:
- Reviewed:
- Description: Digital-only banks have not achieved adoption expectations despite being one of the latest innovations in fintech. Several digital-only banks in the United States and Japan have gone bankrupt, and others continue to operate at a loss. Therefore, it is imperative to conduct this study in Malaysia to understand customers’ behavior, particularly regarding the adoption of digital-only banks. With climate change, environmental-friendly behavior, which has been ignored in digital-only bank literature, is becoming increasingly pertinent. This study addresses the lack of an integrated model that investigates the effect of external factors (i.e., critical mass, number of services, and environmental concerns), customer self-determination factors (i.e., trust), and mental perceptions of technology adoption (i.e., convenience, economic efficiency, functional and security risks, as well as perceived value) on the intention to adopt digital-only banks. Data were collected through an online survey targeting Klang Valley residents in the prime age range of 25–54 years old using stratified random sampling. The data was analyzed using structural equation modeling by performing confirmatory factor analysis (CFA) and SEM path analysis in AMOS.v26 software. The results show that convenience, economic efficiency, number of services, trust, perceived value, and environmental concern all have positive significant relationships with the intention to adopt digital-only banks. Further, environmental concern is the strongest indicator of behavioral intention. In contrast, functional and security risks have a negative but non-significant relationship with the intention to adopt digital-only banks. Finally, critical mass has a positive but non-significant effect on the behavioral intention. This study is among the first to examine the influence of environmental concern on behavioral intentions in a digital-only banking context. It also contributes to an expanding body of research investigating environmental sustainability by presenting empirical results in the context of digital-only banks.
- Authors: Saif, Mashaal A. M. , Hussin, Nazimah , Husin, Maizaitulaidawati Md , Alwadain, Ayed , Chakraborty, Ayon
- Date: 2022
- Type: Text , Journal article
- Relation: Sustainability (Basel, Switzerland) Vol. 14, no. 17 (2022), p. 11043
- Full Text:
- Reviewed:
- Description: Digital-only banks have not achieved adoption expectations despite being one of the latest innovations in fintech. Several digital-only banks in the United States and Japan have gone bankrupt, and others continue to operate at a loss. Therefore, it is imperative to conduct this study in Malaysia to understand customers’ behavior, particularly regarding the adoption of digital-only banks. With climate change, environmental-friendly behavior, which has been ignored in digital-only bank literature, is becoming increasingly pertinent. This study addresses the lack of an integrated model that investigates the effect of external factors (i.e., critical mass, number of services, and environmental concerns), customer self-determination factors (i.e., trust), and mental perceptions of technology adoption (i.e., convenience, economic efficiency, functional and security risks, as well as perceived value) on the intention to adopt digital-only banks. Data were collected through an online survey targeting Klang Valley residents in the prime age range of 25–54 years old using stratified random sampling. The data was analyzed using structural equation modeling by performing confirmatory factor analysis (CFA) and SEM path analysis in AMOS.v26 software. The results show that convenience, economic efficiency, number of services, trust, perceived value, and environmental concern all have positive significant relationships with the intention to adopt digital-only banks. Further, environmental concern is the strongest indicator of behavioral intention. In contrast, functional and security risks have a negative but non-significant relationship with the intention to adopt digital-only banks. Finally, critical mass has a positive but non-significant effect on the behavioral intention. This study is among the first to examine the influence of environmental concern on behavioral intentions in a digital-only banking context. It also contributes to an expanding body of research investigating environmental sustainability by presenting empirical results in the context of digital-only banks.
Opportunities and barriers for FinTech in SAARC and ASEAN Countries
- Imam, Tasadduq, McInnes, Angelique, Colombage, Sisira, Grose, Robert
- Authors: Imam, Tasadduq , McInnes, Angelique , Colombage, Sisira , Grose, Robert
- Date: 2022
- Type: Text , Journal article
- Relation: Journal of risk and financial management Vol. 15, no. 2 (2022), p. 77
- Full Text:
- Reviewed:
- Description: This article assesses the opportunities and challenges for different categories of FinTechs in the SAARC and ASEAN regions. We consider the global financial inclusion data released by the World Bank and map the responses to gain insights into the opportunities and challenges for FinTechs in the respective regions. We develop a new index, termed the FinTech Opportunity Index (FOI), to conceptualise the opportunities and barriers based on individual savings, borrowings, purchasing behaviour, and payment preferences. We note that FinTech services have potential opportunities for expansion in the ASEAN regions but less so in the SAARC regions. The need for different types of FinTech services varies between regions. Services such as crowdfunding, neobanks, and InsurTech have potential in the ASEAN regions, especially with the positive attitude towards entrepreneurship and asset investments. In the SAARC regions, InsurTechs linked to health care has potential along with LendTechs and neobanks. We further note that males, and the young are more likely adopters of FinTechs in both regions. The analysis suggests the need for innovative promotions and education to motivate the more sceptical, especially women and the elderly population, to adopt FinTech services.
- Authors: Imam, Tasadduq , McInnes, Angelique , Colombage, Sisira , Grose, Robert
- Date: 2022
- Type: Text , Journal article
- Relation: Journal of risk and financial management Vol. 15, no. 2 (2022), p. 77
- Full Text:
- Reviewed:
- Description: This article assesses the opportunities and challenges for different categories of FinTechs in the SAARC and ASEAN regions. We consider the global financial inclusion data released by the World Bank and map the responses to gain insights into the opportunities and challenges for FinTechs in the respective regions. We develop a new index, termed the FinTech Opportunity Index (FOI), to conceptualise the opportunities and barriers based on individual savings, borrowings, purchasing behaviour, and payment preferences. We note that FinTech services have potential opportunities for expansion in the ASEAN regions but less so in the SAARC regions. The need for different types of FinTech services varies between regions. Services such as crowdfunding, neobanks, and InsurTech have potential in the ASEAN regions, especially with the positive attitude towards entrepreneurship and asset investments. In the SAARC regions, InsurTechs linked to health care has potential along with LendTechs and neobanks. We further note that males, and the young are more likely adopters of FinTechs in both regions. The analysis suggests the need for innovative promotions and education to motivate the more sceptical, especially women and the elderly population, to adopt FinTech services.
- «
- ‹
- 1
- ›
- »