How to Integrate Financial Big Data and FinTech in a Real Application in Banks: A Case of the Modeling of Asset Allocation for Products Based on Data

Zhuo, Jinwu; Li, Xinmiao; Yu, Changrui

doi:10.3390/info11100460

Cited by 10 publications

(5 citation statements)

References 11 publications

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“…The main advantages of implementing innovative technologies and a unified biometric system include: improving the quality of the loan portfolio by reducing delays in loan repayments; increasing the bank's income and profit [22]; increasing the number of customers who use banking services [23]; accurate and objective identification of borrowers.…”

Section: Discussionmentioning

confidence: 99%

Russian Banking Sector Under the Influence of Fintech Innovations

Zaborovskaya¹,

Gruzdeva²,

Borzemska³

et al. 2021

Proceedings of the XV International Conference "Russian Regions in the Focus of Changes" (ICRRFC 2020)

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The article highlights the main changes and prospects for the development of the banking industry under the influence of the development of financial technologies, which largely determine the future of the banking sector, dictating new formats of interaction with customers. Financial technologies stimulate the direction of evolution of the market of banking products and services. In this regard, the main purpose of this article is to reveal the features of classification and development of banking innovations in Russia, as well as to identify the problems associated with their implementation. The article analyzes the current development of the banking system, the essence of banking innovations, classification of banking products, opportunities and prospects for innovation in the banking sector. The main conclusions of this work are the advantages and disadvantages obtained by all participants in this process.

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Section: Discussionmentioning

confidence: 99%

Russian Banking Sector Under the Influence of Fintech Innovations

Zaborovskaya¹,

Gruzdeva²,

Borzemska³

et al. 2021

Proceedings of the XV International Conference "Russian Regions in the Focus of Changes" (ICRRFC 2020)

View full text Add to dashboard Cite

show abstract

“…Por último, la variedad, relacionada con el formato no estructurado de los datos, que suelen ser difíciles de limpiar y formatear. Zhuo et al (2020), señalan que las fintech son el vehículo a través del cual se materializa el valor de los big data financieros, mientras que los big data financieros promueven el desarrollo de las fintech. Aunque están estrechamente relacionados, ambos tienen connotaciones diferentes; las dos pueden converger de forma natural porque ambos tienen sus raíces en la industria financiera y comparten el objetivo de promover el crecimiento de la industria.…”

Section: Omar Baltazar Marchena Barrueto | María Teresa Barrueto Pére...unclassified

Impacto Del Financiamiento Fintech en La Liquidez De Las Mypes

BARRUETO,

PÉREZ,

CASTILLO

et al. 2023

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This publication develops the topic of fintech financing in MSMEs, which is of utmost importance for companies, since fintechs provide benefits that allow streamlining digital financial processes and managing financial capital in an adequate manner, with which companies can guarantee a safe, fast and effective service. This book is structured in five chapters in which topics such as liquidity and fintechs, their importance and classification, liquidity indicators, etc. are developed. It also explains the financing of fintechs in Peru and their impact on the financial sector, their national expansion, the Peruvian legal framework and their impact on business innovation. The research also aims to analyze the financing of fintechs that have an impact on the liquidity of MSMEs located in Lima. It was concluded that the liquidity of Lima's MSMEs is directly influenced by Fintech financing, since Fintechs promote financial inclusion, reduce the inequality gap and promote productivity, growth, profitability, positioning and business innovation.

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“…Furthermore, this cluster analyzes how big data technology can be used to acquire customer information for optimizing the service offering and enhance the market positioning (e.g. Gupta et al, 2019;Zhao, 2020;Zhuo et al, 2020).…”

Section: Abstract Analysismentioning

confidence: 99%

Investigating the role of Fintech in the banking industry: what do we know?

Elia

Stefanelli

Ferilli

2022

EJIM

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PurposeIn recent years, the penetration of digital technologies in the financial industry determined the arising of Fintech, which generated a dynamic and rapid change that business operators and supervisory authorities in the banking industry are struggling to follow it. This is especially due to issues affecting financial intermediaries and customers, and potential risks of stability of the financial system. The aim of this paper is to provide a review of Fintech in the banking industry thus to update the knowledge about technology innovation in the banking sector, identify the major trends in the domain and delineate future research directions.Design/methodology/approachThe study reviews 377 articles indexed on Scopus from 2014 to 2021 that focus on Fintech and the banking industry. The methodology adopted is structured in two steps: the keywords selection and the analysis of the documents extracted. The first step identified “Fintech” and “bank” as keywords to be searched within the title, abstract or keywords of documents indexed on Scopus; whereas the second step combined R and VOSviewer to provide a descriptive analysis of the dataset and the analysis of keywords and occurrences, respectively.FindingsResults achieved in the study allow providing a systemic view of the Fintech in the banking industry, including the emergent phenomenon of digital banking. In particular, it is provided with a general overview and descriptive information on the entire sample of documents analyzed, their authors, the keywords used and the most cited works. Besides, a deepening on the model of digital banking is provided, by delineating the six dimensions of the key effects generated by the digital bank model.Originality/valueTwo main elements of originality characterize this study. The first one is related to the fact that few review studies have been published on Fintech in the banking industry, and the second one concerns the multiple dimensions of the impact of Fintech in the banking sector, which includes customer, company, bank, regulation authority and society.

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How to Integrate Financial Big Data and FinTech in a Real Application in Banks: A Case of the Modeling of Asset Allocation for Products Based on Data

Cited by 10 publications

References 11 publications

Russian Banking Sector Under the Influence of Fintech Innovations

Russian Banking Sector Under the Influence of Fintech Innovations

Impacto Del Financiamiento Fintech en La Liquidez De Las Mypes

Investigating the role of Fintech in the banking industry: what do we know?

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