Financial system in the conditions of digitalization of the modern economy

Baiguzina, Luza Z.; Галимова, Г А; Nurdavlyatova, Elvira

doi:10.1051/e3sconf/202129501035

Cited by 3 publications

(3 citation statements)

References 3 publications

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“…First, the financial assessment design of blockchain technology is professional. Blockchain technology is a high-tech approach, using smart contract technology in transactions, which is qualified for professionalism [2,6]. Second, the financial assessment design of blockchain technology is effective.…”

Section: Analysis Of the Shared Technical Architecture Of Blockchain ...mentioning

confidence: 99%

Assessment Design of Digital Financial Sharing Service System on Account of Block Chain Technology

Song¹

2022

Atlantis Highlights in Intelligent Systems

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With the continuous development of finance, the financial department is gradually transformed from an efficient department to an inefficient one with high power. Blockchain technology is decentralized and data cannot be modified, which caters to the demand of financial sharing services and promotes the rapid professional application of blockchain technology. This paper introduces the financial sharing service system driven by information technology. This system further optimizes yonyou NC financial and supply chain system, and configura ORACLE Hypolon total Budget management system, Micro-ecologyoa and financial sharing service system. The built-in intelligent information processing model includes two: first, block SHA256 verification, mathematical model reference formula (1); Second, the new block to obtain accounting rights, mathematical model reference formula (2). The basic operation principle of financial shared service digital system based on block chain technology is to use formula (1) to SHA256 check the new block information; Then formula (2) is used to obtain new accounting rights for all new blocks that have passed verification. This paper studies the assessment design of digital financial sharing service system based on block chain technology, focuses on the principle of block chain technology, and expounds the relevant content of assessment design of digital financial sharing service system. In the data test, refer to Table 1 and Fig. 2 in Part 4 of the paper. The assessment design of digital financial sharing service system based on blockchain technology has a more efficient performance in the assessment design of digital financial sharing service system.

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Section: Analysis Of the Shared Technical Architecture Of Blockchain ...mentioning

confidence: 99%

Assessment Design of Digital Financial Sharing Service System on Account of Block Chain Technology

Song¹

2022

Atlantis Highlights in Intelligent Systems

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“…Проводимая раннее политика Банка России по повышению устойчивости финансовой системы страны позволила «очистить» финансовый сектор от недобросовестных и слабых игроков, тем самым освободить место для наиболее устойчивых субъектов финансового рынка, наиболее приспособленным к постоянно меняющимся условиям цифровой экономики. Так, большая часть российских банков в 2020-2021 годах столкнулась с новой задачей по пересмотру приоритетов в сфере цифровых технологий 1 .…”

Section: результатыunclassified

Modern Financial Technologies of Introducing Digitalization Into the Financial System

Baiguzina

2022

Research of Economic and Financial Problems

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Introduction. Many researchers studying the causes of the economic crisis and its consequences, come to the conclusion that this process is bifurcational, in other words, it gives rise to the transition of the economic system to a new stage. The use of a "synergistic approach", in which the object or phenomenon under study is considered as a kind of "evolutionary process", when studying the patterns of functioning of the financial system in the Russian Federation, seems to be the most promising. This approach allows us to describe the operation of the financial and banking systems at the level of the entire state, which certainly allows us to develop and apply modern high-tech products and services created as a result of the digitalization of the financial system at the level of all subjects of the Russian Federation. Methodology. Research methods, such as statistical, analytical, observation and grouping methods, are aimed at identifying objects of digital technology transformation, the use of products and services in the financial system. When solving the problem of predicting the properties of the "digital economy" object, it is important to track the dynamics of the studied indicators. The analysis of large arrays of data gives a large number of analytical studies, the description of which allows us to build a predictive model of strategic development and demand behavior. Results. It has been determined that digitalization in the financial environment is necessary in terms of the transfer of products, services that should be available to the public, organizations, enterprises, be comfortable, and most importantly, aimed at obtaining financial services through a provider, through remote access. Conclusion. The key trends in the development of the financial market in our country, identified by the Central Bank of Russia, create conditions for increasing the efficiency, manufacturability and customer focus of market players.

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“…Additionally, regarding the improvement of MSMEs in managing its business in the digital era, financial services must keep up with digital change in order to be competitive and long-term in the market. Financial institutions' existence is linked to their adoption of innovation and embrace of digital developments to increase efficiency and performance inside the firm [9] [10] [11].…”

Section: Introductionmentioning

confidence: 99%

Ideas and Concept in Developing Financial and Tax Administration System at The Angkal Fast Boat & Resort Nusa Penida

Utami¹,

Suryadi²,

Lasmini³

et al. 2022

Proceedings of the International Conference on Applied Science and Technology on Social Science 2022 (iCAST-SS 2022)

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The Government of Indonesia is actively focusing on the growth of Micro, Small, and Medium Enterprises (MSMEs). In today's post-covid digital world, the MSME sector is critical to economic revival. The goal of this research is to improve the digitization of the finance system at The Angkal Fast Boat & Resort Nusa Penida. The Angkal is a tourist MSMEs with different types of business fields, including fast boat business from Bali to Nusa Penida, resorts in Nusa Penida, Water Sport, and other business fields. The complexity of this firm has not been matched by a technology-based finance system, resulting in operational issues that have an impact on business continuity and growth. Therefore, this research aimed at describing ideas and concept in developing a financial system from conventional into digital financial system. The ideas and concepts in developing the financial system covers: 1) MSME requirements analysis, 2) financial system design, 3) financial system development, and 4) system training support. This research is anticipated to give innovations and solutions in the form of ideas and concepts in digitizing the financial system as well as boosting human resource competency in financial system use for MSMEs in The Angkal.

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Financial system in the conditions of digitalization of the modern economy

Cited by 3 publications

References 3 publications

Assessment Design of Digital Financial Sharing Service System on Account of Block Chain Technology

Assessment Design of Digital Financial Sharing Service System on Account of Block Chain Technology

Modern Financial Technologies of Introducing Digitalization Into the Financial System

Ideas and Concept in Developing Financial and Tax Administration System at The Angkal Fast Boat & Resort Nusa Penida

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