Research on the Impact of the Digital Transformation of Commercial Banks

The development of the digital economy has presented both opportunities and challenges for the transformation of commercial banks.This article aims to conduct a literature review on the impact of digital transformation on commercial banks and to explore the multi-dimensional effects it brings.Through a review and analysis of relevant domestic and international literature,this paper first defines the connotation of digital transformation in commercial banks.It then conducts a literature analysis and research on the strategic governance,business performance,and risk management aspects of the digital transformation of commercial banks from multiple perspectives.Based on the analysis of the existing literature,the paper explores directions for future in-depth research and offers corresponding policy suggestions,providing a theoretical and practical foundation for the future digital development of commercial banks.

Research on the Impact of Digital Transformation on the Business Performance of Commercial Banks

Nowadays,with the development of the digital economy,commercial banks are actively conducting digital transformation.Studying the impact of the digital transformation of commercial banks on their operating performance can help commercial banks form a stronger core competitiveness and promote high-quality financial development.Based on the above background,this article first describes the status and development of digital transformation and development of commercial banks,and secondly analyzes whether Chinese commercial banks’digital transformation is conducive to improving their operating performance.Thirdly,by selecting the data of the listed commercial banks in the ten years of 2012–2022,this article obtains the empirical testing of the digital transformation on different property rights.Finally,the higher the level of digitalization,the higher the digital level,the more significantly promotes the performance of commercial banks.Finally,based on the above analysis,this article puts forward feasibility opinions on commercial banks and related regulators.

Study on the Countermeasures to Improve the Public Outdoor Leisure and Fitness Function on the Two Rivers and Four Banks in the Main Urban Area of Chongqing

The main urban area of Chongqing is surrounded by two rivers and set against each other.With its unique waterfront landscape,it has the resource conditions to become a leisure tourism destination.Intending to enhance people’s happiness,improve city quality,and promote Chongqing’s main urban area to become a tourist destination,this paper finds out the existing problems in the construction of public outdoor leisure and fitness facilities on the two rivers and four banks of Chongqing’s main urban area through investigation and analysis based on relevant experiences at home and abroad,takes the value chain theory as the guidance,and to find solutions to the problem.On this basis,combined with the law of economic operation,this paper puts forward the guiding ideology,principles,development goals,functional orientation,and development path for the improvement of public outdoor leisure and fitness on two rivers and four banks in the main city of Chongqing,and accordingly puts forward the policy system and guarantee measures for its improvement.

Heterogeneity in Soil Seed Banks in a Mediterranean Coastal Sand Dune

Characteristics of total soil seed banks and permanent soil seed banks in three microhabitats in a Mediterranean coastal sand dune were investigated by using natural germination method combined with physically scanning separation method. The composition and structure of soil seed banks were analyzed between the microhabitats by using functional group method. The distribution patterns of soil seed bank were also analyzed between the microhabitats. We also analyzed the relationship between seed size and seed persistence in soil. The results show greatly spatial heterogeneity existed in soil seed bank of the Mediterranean coastal sand dune, even in the same microhabitats seed distribution was uneven. Sometimes a great difference occurred between them. Microhabitats significantly affected the distribution patterns of total soil seed banks and seed banks of the functional groups. The open area generally had the greater densities of seeds, but the seed densities under shrub and in trail were lower than that in the open area. Legumes seeds accounted for 76.0% total persistent seed banks. Annual and perennial grasses produced transient seed banks as no seeds were retrieved from the sieved soils. Seed persistence of legumes, umbeliferaes, perennial forbs, compositaes, annual forbs, crucifer decreased gradually. They were 50.1%, 45.6%, 40.6%, 6.3%, 5.6% and 0.6% respectively in the soil. There was a positive relationship between seed size and seed persistence. Bigger seeds had higher persistence, and vice versa.

基于回答集编程的Banks选举求解方法

采用启发式算法的Banks选举在进行求解时执行效率较低。为解决该问题,提出一种基于回答集编程(ASP)的求解方法。通过建立Banks选举问题到ASP问题的映射,编写相对应的ASP,调用回答集求解器进行求解,得到的每一个ASP模型就是Banks选举问题的一个解。实验结果表明,当问题规模为200时,该方法的求解时间为4.196 s,求解效率高于手工启发式方法。

Efficient channelized technology based on filter banks

With the appearance of novel radar signal with low intercept probability, the bandwidth of radar receiver is wider and wider. Wideband digital receiver becomes a research hotspot in the field of communication, radar and electronic reconnaissance, etc. As one of wideband digital receiver systems, digital channelized receiver has become a research emphasis due to the characteristics of full probability receiving and processing multiple signals. Digital channelized technology and signal sampling theory are deeply studied and an efficient channelized model is derived based on filter banks. The correctness of the model is verified by computer simulation The model has less computation compared with the traditional model, which is suitable for engineering application

Difference Analysis of Urban Landscape Pattern Change at Both Banks of Pearl River Estuary in China

By using remote sensing image data of Landsat-5 TM (1988, 1995 and 1998) and Landsat-7 ETM (2002), remote sensing image data, land-use map and DEM had been put in the same coordinate system and projection. In ArcView, all data had been rasterized as grid data of 30 m×30 m. By Fragstats, landscape pattern indexes had been calculated. Based on the average area, patch density, landscape isolation, boundary density, shape index, fractal dimension, aggregation degree, diversity and evenness index, landscape pattern at different periods and its evolution had been analyzed, revealing the differentiation of spatio-temporal change of landscape pattern at both banks of Pearl River Estuary.

Combination Patterns and Depositional Characteristics of Ordovician Carbonate Banks in the Western Tarim Basin,China

The combination patterns and depositional characteristics of the carbonate banks are investigated based on outcrop sections, thin sections, and carbon isotopes of Ordovician in the western Tarim Basin, China. Four carbonate bank combination patterns are deposited in the Ordovician, western Tarim Basin, including： Reef-Bank Complex （RBC）, Algae-Reef-Bank Interbed （ARBI）, Thick-Layer Cake Aggradation Bank （TLCAB）, and Thin-Layer Cake Retrogradation Bank （TLCRB）. All combination patterns show clear periods vertically. The RBC is mainly composed of reefs and bioclastic banks, and the dimension of the RBC depends on the scale of the reefs. Bioclastic banks deposits surround the reefs. The range of the ARBI is determined by the scale of algae-reefs, algae peloid dolomite microfacies and algal dolomite microfacies deposit alternating vertically. TLCAB and TLCRB are deposited as layer-cakes stacking in cycles and extending widely with cross bedding developed. The grains of TLCAB and TLCRB are diverse and multi-source. With the impacting of relative sea level change, biological development and geomorphology, the ARBI, TLCAB or TLCRB, RBC are successively developed from the Lower Ordovician Penglaiba Formation to the Middle Ordovician Yijianfang Formation. The depositional environment analysis of Ordovician indicates that the RBC and ARBI can form effective oil and gas reservoirs, and the TLCAB and TLCRB have the potential to form the huge scale oil and gas reservoirs and to be the crucial targets of exploration for the Ordovician carbonate banks in the future.

The impact of FinTech start-ups on incumbent retail banks’share prices

Background:This study aims to clarify the role of FinTech digital banking start-ups in the financial industry.We examine the impact of the funding of such start-ups on the stock returns of 47 incumbent US retail banks for 2010 to 2016.Methods:To capture the importance of FinTech start-ups,we use data on both the dollar-volume of funding and number of deals.We relate these to the stock returns with panel data regression methods.Results:Our results indicate a positive relationship exists between the growth in FinTech funding or deals and the contemporaneous stock returns of incumbent retail banks.Conclusions:Although these results suggest complementarity between FinTech and traditional banking,we note that our results at the banking industry level are not statistically significant,and that the coefficient signs for about one-third of the banks are negative,but not statistically significant.Since the FinTech industry is young and our sample period short,we cannot rule out that our findings are spurious.

Priori knowledge based a bathymetry assessment method using the sun glitter imagery:a case study of sand waves on the Taiwan Banks

High resolution optical satellite imageries containing the sun glitter,similar to synthetic aperture radar（SAR） imageries,are useful in identifying and mapping of bottom topography in shallow waters.The errors in the previous studies are corrected,and a method for mapping submarine bottom topography is developed using the sun glitter satellite imagery.The method is established on the basis of empirical description of a sand wave using an equation with two unknowns named r and k.In order to determine r and k,a ＂trial and error＂ approach is introduced and testified by a case study on the Taiwan Banks using an ASTER imagery.The results show that the inversed water depths match well with the sounding water depths.The agreement between the inversed results and the in situ measurements is about 78% by comparing 371 points.Moreover,this method has the advantage in keeping the original appearance of a sand wave,especially in positions around the sand wave crest.The fine agreement indicates that the imaging model is flexible and the approach developed is feasible.

Characteristics of soil seed banks at different geomorphic positions within the longitudinal sand dunes of the Gurbantunggut Desert, China

Understanding the characteristics of soil seed banks in sand dunes is crucial to stabilize the dune systems and maintain the plant populations in deserts. In this study, we conducted a survey investigation in the field and a seed germination experiment in the laboratory to explore the characteristics of soil seed banks at various geomorphic positions of longitudinal sand dunes in the Gurbantunggut Desert, China. Totally, 17 plant species belonging to 17 genera and 9 families were identified in soil seed banks, and 35 plant species belonging to 34 genera and 17 families were identified in aboveground vegetation. Plant species richness in soil seed banks decreased with increasing soil depth. The highest species richness was presented in the upper slope of the windward slope and the lowest species richness was presented in the base of the windward slope. There was no significant difference in seed density of soil seed banks among the examined seven geomorphic positions. The highest seed density occurred in the lower slope of the leeward slope while the lowest occurred in the crest. Moreover, seed density decreased with increasing soil depth, being the highest in the upper soil layer （0-2 cm）. For both soil seed banks and aboveground vegetation, there was no significant difference in Simpson＇s diversity index among the seven geomorphic positions; however, Shannon-Wiener diversity index and Pielou＇s evenness index showed significant differences among the seven geomorphic positions. Those results showed that although there was no significant difference in seed density of soil seed banks among the seven geomorphic positions, the geomorphic positions significantly affected the species richness, diversity and distribution of soil seed banks. Therefore, understanding the characteristics of soil seed banks at different geomorphic positions of sand dunes is essential to vegetation restoration or reestablishment. Furthermore, the Jaccard＇s similarity coefficients of plant species between soil seed banks and aboveground vegetation at the seven geomorphic positions were low, suggesting that vegetation restoration or reestablishment processes should be promoted through adding seeds to surface layers.

In situ cornea harvesting through the Red Cross Organization:a new approach to relieving severe cornea donor shortage in Chinese eye banks

Corneal diseases are currently the second main cause of blindness in China.Although most of the corneal blindness could be treated by corneal transplantation,only about 10 000 operations were carried out each year owing to the severe shortage of corneal donors and limited eye bank programs.A feasible cornea donation program was established through the organization of the Red Cross,and in situ corneal removal techniques were developed to avoid conflicts with Chinese traditions of keeping the deceased intact.The number of donated corneas,which had a safe and secure quality,increased significantly year by year.

Soil seed banks along elevational gradients in tropical, subtropical and subalpine forests in Yunnan Province, southwest China

Soil seed banks are a vital part of ecosystems and influence community dynamics and regeneration.Although soil seed banks in different habitats have been reported, how soil seed banks vary with elevational gradients in different climatic zones is still unknown. This paper investigates seed density,species composition and nonconstituent species of forest soil seed banks in Yunnan Province, southwest China. Similarity between the soil seed bank and standing vegetation was also examined. We collected soil samples from sites spanning 12 elevations in tropical rain forests, subtropical evergreen broadleaved forests and subalpine coniferous forests, and transported them to a glasshouse for germination trials for species identification. The soil seed banks of tropical and subtropical forests had much higher seed densities and species richness than those of subalpine forests. Seeds of woody species dominated the soil seed banks of tropical and subtropical forests, while herbs dominated those of subalpine forests.The nonconstituent species in the soil seed banks were all herbs and were most abundant in tropical forests, followed by subtropical forests but were completely absent from subalpine forests.

Hardware Architecture of Polyphase Filter Banks Performing Embedded Resampling for Software-Defined Radio Front-Ends

In this paper, we describe resourceefficient hardware architectures for softwaredefined radio （SDR） frontends. These architectures are made efficient by using a polyphase channelizer that performs arbitrary sample rate changes, frequency selection, and bandwidth control. We discuss area, time, and power optimization for field programmable gate array （FPGA） based architectures in an Mpath polyphase filter bank with modified Npath polyphase filter. Such systems allow resampling by arbitrary ratios while simultaneously performing baseband aliasing from center frequencies at Nyquist zones that are not multiples of the output sample rate. A nonmaximally decimated polyphase filter bank, where the number of data loads is not equal to the number of M subfilters, processes M subfilters in a time period that is either less than or greater than the Mdataload ＇ s time period. We present a loadprocess architecture （LPA） and a runtime architecture （RA） （based on serial polyphase structure） which have different scheduling. In LPA, Nsubfilters are loaded, and then M subfilters are processed at a clock rate that is a multiple of the input data rate. This is necessary to meet the output time constraint of the down-sampled data. In RA, Msubfilters processes are efficiently scheduled within Ndataload time while simultaneously loading N subfilters. This requires reduced clock rates compared with LPA, and potentially less power is consumed. A polyphase filter bank that uses different resampling factors for maximally decimated, underdecimated, overdecimated, and combined upand downsampled scenarios is used as a case study, and an analysis of area, time, and power for their FPGA architectures is given. For resourceoptimized SDR frontends, RA is superior for reducing operating clock rates and dynamic power consumption. RA is also superior for reducing area resources, except when indices are prestored in LUTs.

Polyphase Filter Banks for Embedded Sample Rate Changes in Digital Radio Front-Ends

This paper presents efficient processing engines for software-defined radio （SDR） front-ends. These engines, based on a polyphase channelizer, perform arbitrary sample-rate changes, frequency selection, and bandwidth control. This paper presents an M-path polyphase filter bank based on a modified N-path polyphase filter. Such a system allows resampling by arbitrary ratios while performing baseband aliasing from center frequencies at Nyquist zones that are not multiples of the output sample rate. This resampling technique is based on sliding cyclic data load interacting with cyclic-shifted coefficients. A non-maximally-decimated polyphase filterbank （where the number of data loads is not equal to the number of M subfilters） processes M subfilters in a time period that is less than or greater than the M data loads. A polyphase filter bank with five different resampling modes is used as a case study for embedded resamp/ing in SDR front-ends. These modes are （i） maximally decimated, （ii） Under-decimated, （iii） over-decimated, and combined up- and down-sampling with （iv） single stride length, and （v） multiple stride lengths. These modes can be used to obtain any required rational sampling rate change in an SDR front-end based on a polyphase channelizer. They can also be used for translation to and from arbitrary center frequencies that are unrelated to the output sample rates.

Fintech investments in European banks:a hybrid IT2 fuzzy multidimensional decision‑making approach

Financial technology(Fintech)makes a significant contribution to the financial system by reducing costs,providing higher quality services and increasing customer satisfaction.Hence,new studies play an essential role to improve Fintech investments.This study evaluates Fintech-based investments of European banking services with an application of an original methodology that considers interval type-2(IT2)fuzzy decision-making trial and evaluation laboratory and IT2 fuzzy TOPSIS models.Empirical findings are controlled for consistency by applying the VIKOR method.Moreover,we conduct a sensitivity analysis by considering six distinct cases.This study contributes to the existing literature by identifying the most important Fintech-based investment alternatives to improve the financial performance of European banks.Our empirical findings illustrate that results are coherent,reliable,and identify“competitive advantage”as the most important factor among Fintech-based determinants.Moreover,“payment and money transferring systems”are the most important Fintech-based investment alternatives.It is recommended that,among Fintech-based investments,European banks should mainly focus on payment and money transferring alternatives to attract the attention of customers and satisfy their expectations.This is also believed to have a positive impact on the ease of bank’receivable collection.Another important point is that Fintech-based investments in money transferring systems could help to decrease costs.

Regenerative Role of Soil Seed Banks of Different Successional Stages in A Saline-alkaline Grassland in Northeast China

Soil seed banks can act as a potential seed source for natural revegetation and restoration. However, in a saline-alkaline grassland, it remains unclear how the stages of vegetation succession affect the characteristics of soil seed banks and the potential of soil seed banks of different successional stages for vegetation restoration. In this study, seasonal changes of the soil seed bank, and seed production and dispersal dynamics along degradation successional gradients were investigated in a saline-alkaline grassland in Northeast China, where the dominant grass during the 1960 s, Leymus chinensis was replaced with the secondary successional order of Puccinellia chinampoensis, Chloris virgata, and Suaeda salsa, together with bare patches. It was found that the soil seed bank composition varied according to the changing vegetation and had the highest species richness(7–16) in the climax successional stage, but had a low S?rensen similarity(0.22–0.37) with the aboveground vegetation. There was a high seed density of the soil seed bank(21 062–62 166/m2 in August and December) and also high S?rensen similarity index values(0.47–0.60) in the secondary successional stages of P. chinampoensis, C. virgata, and S. salsa. In bare patches, there were many seeds in the soil seed bank and some seedlings also appeared in the aboveground vegetation, indicating the existence of a persistent soil seed bank. Seed density and species richness differed substantially among the different successional stages, which was related to the reproductive characteristics of the standing plants in vegetation communities. Due to the lack of propagules of perennial species, especially the climax species of L. chinensis, in the soil, the successful restoration of the degraded saline-alkaline grassland was not possible. The study proved that in a degraded saline-alkaline grassland dominated by biennial or annual species, the soil seed bank was important for the revegetation of the current dominant plants, but not for the restoration of the original target species. Therefore, it is necessary to induce seeds or other propagules of the target perennial species.

Testing the governance-performance relationship for the Tunisian banks: a GMM in system analysis

Rationale:This study aims to contribute to settling the lack of consensus regarding the determinants of bank performance,not only by considering bank governance,but also by including factors such as CEO compensation and risk management committee.Previous literature has included bank governance and considered only large banks in their surveys.The exclusion of other factors such as small-and medium-size banks may render the findings of these studies limited in applicability.Objective:The objective of this paper is to examine the impact of internal governance on bank performance.Methodology:To achieve this goal,we used annual data of a sample of ten Tunisian commercial banks listed in the Tunisian Stock Exchange observed during the period 1998–2015.We use the Generalized Method of Moments(GMM)to estimate the parameters of our econometric model.Results:Our study finds that the correlation between the size of the board of directors,the state’s inclusion,and the presence of independent directors is positive and significant.On the other hand,we have found that CEO compensation,as well as foreign and institutional investors negatively affect the performance of the banks.Conclusions and implications:Tunisian banks are invited to broaden their size through appropriate restructuring,adopt new remuneration policies and define the optimal number of directors representing the state within the board of directors.Our results suggest managerial implications that can be of great value to ensuring the success of Tunisian banks.The latter should favor a higher presence of independent directors to reduce the bank control ineffectiveness caused by having a significant number of foreign and institutional investors in the board of directors.

How does a data strategy enable customer value?The case of FinTechs and traditional banks under the open finance framework

The coupling of data and digital innovation opens the way for new business in the financial services sector,where customers are placed at the centre of decisions and data can help to develop customer knowledge.To carry out our research,we adopted a multi-case study approach to explore how a data strategy is developed in the retail banking industry,together with its relationship with customer value,paying particular attention to the heterogeneity between traditional banks and financial technology companies(FinTechs).Two main points emerged from the study.Firstly,there are three possible approaches to Open Finance,which are mainly defined by their different corporate cultures,organisational configurations,technological architecture and data value.Secondly,it is not enough to be a FinTech to be best placed to exploit the market,as some traditional banks share the FinTechs’approach to Open Finance.Designing new tailored products,customising their prices and offering them over the right channels through targeted communication are all data-driven initiatives that stem from cross-or up-selling potential,core to the retail banking industry for turning a customer into a cash flow,thus enabling value to be created for customers.Our findings additionally revealed that there is a form of external information asymmetry between the customer and the bank,and that there is also an internal asymmetry between bank departments,as their visibility on information about the same customer may differ.

Research progress in SAW filter banks

SAW （Surface Acoustic Wave） filter bank is a single input, single or multi-output device consisting of multi-SAW-filters with input interconnection network or switch circuits, and can be divided into two categories： channelizer （multi-output） and switchable （programmable, single output）. The tbrmer is mainly used in military channelized receiver for spectrum analysis; the latter has wide application in frequency synthesizer and frequency-hopping radar and communication system receiver as anti-jamming filter, and has been widely used in various military electronic equipments ever since the 1970s. Research abroad was done mainly by Americans, few documents on related work done by Japan and Russia are available. Domestic research started in the 1980s, mainly by No. 26 Research Institute, China Electronics Technology Group Co., Institute of Acoustics, Chinese Academy of Sciences, No. 23 and No. 25 Research Institute, China Spaceflight Tech. Group Co. This paper first briefly introduces Chinese and foreign research on SAW filter banks; then discusses research progress in device design, the input interconnection network or switch circuit and miniaturization; and ends in a brief perspective of developing trends in future.