Better Financial Innovation via Innovative Finance of Supervisors

Wieneke, Axel

doi:10.1111/1759-3441.12124

Cited by 2 publications

(2 citation statements)

References 19 publications

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“…In addition to financial services, they offer health education and training, as well as insurance, business, and investment advice (Kaloki, 2018). It was established with the purpose of alleviating poverty, decreasing unemployment, and advancing economic development (Wieneke, 2016). It is governed by the Microfinance Act of 2006, the Microfinance Regulation of 2008, and the Kenyan Central Bank.…”

Section: Microfinance Banks In Kenyamentioning

confidence: 99%

Effect of Process Innovations on Financial Performance of Microfinance Banks in Kenya

OMWANZA,

JAGONGO (PhD),

NDEDE (PhD)

2022

strategicjournals.com

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The financial success of a country's microfinance banks is essential for the stability of the banking system and the economy as a whole. Kenyan microfinance banks have continued to incur rising losses, indicating poor financial performance. These banks can enhance their financial performance by offering specialized financial services and solutions to decrease expenses and information imbalances. This research examines the impact of process innovations on the financial performance of Kenyan microfinance banks from 2014 to 2020. All fourteen approved microfinance banks in Kenya were polled using an unbalanced panel. Using a document review guide, secondary data from the financial records of these institutions was extracted using a census. For descriptive statistics, means and standard deviations were utilised, whilst panel multiple regression analysis and correlation analysis were utilized for inferential analysis. The study found that process changes had a statistically significant influence on the financial performance of Kenyan microfinance institutions. The findings indicate that process innovations negatively but significantly affect the financial performance of microfinance banks in Kenya. As a result of the study, it was suggested that microfinance bank management should only use process innovations when the costs of adoption and use is lower than the revenues generated.

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Section: Microfinance Banks In Kenyamentioning

confidence: 99%

Effect of Process Innovations on Financial Performance of Microfinance Banks in Kenya

OMWANZA,

JAGONGO (PhD),

NDEDE (PhD)

2022

strategicjournals.com

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“…In addition to global economic crises, the innovations in the markets for financial products and services resulting from competition can form additional threats to the banks' economic security. With that in mind, mechanisms of state regulation of the banking system and its participants' activities need to be transformed, since traditional approaches to financial regulation are not suitable for controlling the financial innovation risks (Wieneke, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Research and methodological framework for managing the economic security of financial intermediaries in Ukraine

Zachosova

Babina

Zanora

2018

Banks and Bank Systems

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The effective management of economic security of financial and banking institutions at the application level is not possible without formulating the conceptual foundations of this process in the research and methodological plane. With that, the management system should take into account the specifics of financial intermediaries, which requires the development of specific research and methodological approaches. The purpose of the study is to generalize the conceptual framework for economic security management of banking and parabanking financial institutions as an integral part of ensuring the economic security of the financial market and financial security of the state. The authors propose an algorithm for managing the system of economic security of banks and other financial institutions, and identify the features, advantages and disadvantages of models for providing economic security. It is proved that managing the economic security system should consider the type of an institution, its size, the adequate personnel availability, and financial, information and material support. Consequently, effective economic security management should ensure its high level, and, therefore, partially solve the problem of regulating banking security, the financial market security, and, as a consequence, the financial security of the country.

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Better Financial Innovation via Innovative Finance of Supervisors

Cited by 2 publications

References 19 publications

Effect of Process Innovations on Financial Performance of Microfinance Banks in Kenya

Effect of Process Innovations on Financial Performance of Microfinance Banks in Kenya

Research and methodological framework for managing the economic security of financial intermediaries in Ukraine

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