Blockchain application and outlook in the banking industry

Blockchain technology is a core,underlying technology with promising application prospects in the banking industry.On one hand,the banking industry in China is facing the impact of interest rate liberalization and profit decline caused by the narrowing interest-rate spread.On the other hand,it is also affected by economic transformation,Internet development,and financial innovations.Hence,the banking industry requires urgent transformation and is seeking new growth avenues.As such,blockchains could revolutionize the underlying technology of the payment clearing and credit information systems in banks,thus upgrading and transforming them.Blockchain applications also promote the formation of“multi-center,weakly intermediated”scenarios,which will enhance the efficiency of the banking industry.However,despite the permissionless and self-governing nature of blockchains,the regulation and actual implementation of a decentralized system are problems that remain to be resolved.Therefore,we propose the urgent establishment of a“regulatory sandbox”and the development of industry standards.

Distribution Orientation and Driving Mechanism of Geographical Pattern Change of China′s Banking Industry

By analyzing the relationship among government, market driving forces, distribution orientation of banking industry, service opportunity equality and spatial patterns, this paper proposes that it is distribution orientation that lead to the formation and evolution of spatial pattern of banking industry. The difference of the distribution orientation leads to the separation of the spatial pattern of banking industry, and the change of the distribution orientation leads to the change of spatial pattern. The degree of spatial pattern change is subject to the degree of change of distribution orientation, and the scale of bank resources in the regions, which supports the distribution orientation variation. Based on these theoretical frameworks, some indicators were designed to analyze the pattern change of China′s banking industry and its effects since 1995 under the change of the distribution orientation. This paper finds that the orientation of economic benefit maximization driven by market causes the banking industry to concentrate in economically developed regions.The government, which does not follow the orientation of economic benefit maximization, plays a role of stabilizer. Since the bank branches in the regions with the greatest change in bank branch distribution are too few, and regions with the greatest change in bank loan allocation are the regions with lots of loans, the pattern change of the banking industry in physical form is not as notable as that in economic form.

New Basle Capital Agreement and Risk Management of China＇s Banking Industry

Adjustment of Basle Capital Agreement will influence the risk management and capital arrangement demand of the banks with different scales, operation level and environment. It will have widespread and profound effect on the competition strength of every country＇s banks in the global market. Starting with illustration of the present cond（tion of risk management in China＇s banks, the paper analyzes the major problems existing in the risk management system of China＇s banking industry, then puts forward some clues and suggestions to improve and better the risk management system of China＇s banking industry.

Determinants of Mobile Banking Adoption in the Ghanaian Banking Industry: A Case of Access Bank Ghana Limited

The study examined the determinant of mobile banking adoption among bank customers in Ghana, with specific emphasis on Access Bank. In line with literature, the study applies theoretical frameworks which have been developed from existing literatures on innovation and adoption to collect responses from one hundred and fifty (150) sampled customers of Access Bank in order to investigate the determinants of mobile banking adoption in the Ghanaian banking industry. The results from the study revealed that, each factor measured had some level of significant effect on consumer intention to adopt and use mobile banking services provided by Access Bank. Additionally, the study unveiled that, perceived credibility and perceived financial cost were the major setback with regards to customers adoption of mobile banking services provided by Access Bank, and as a result of this, Ghanaians have formed a negative behavioural pattern towards mobile banking. In addition, the findings showed that, perceived credibility and perceived financial cost have a stronger effect on consumer intention to adopt and use mobile banking service than perceived usefulness and perceived ease of use. It was, therefore, recommended that banks in Ghana should create more awareness through personal interaction with customers, develop quality initiatives in order to build customer’s confidence. Equally, banks should also review the cost of their mobile banking service.

The Application of Artificial Intelligence and the Interactive Voice Recognition in the Banking Industry in Sri Lanka

This research was conducted in qualitative approach.The researcher has worked with developing a framework based on the concept of artificial intelligence(AI)to introduce a new model.On that purpose,primary data were collected from hundred customers who enjoyed in services of interactive voice recognition(IVR)in the Banking Industry in Sri Lanka based on interviews with an open-ended question.The researcher has coded the collected data to spot the patterns to identify and analyze the core relationship in between AI and IVR;to discuss and to revise the developed model.The samples are selected in accordance with the intention to extract relevant information,and thus,the researcher has used non-probability sampling aimed to find respondents that had some experiences with any types of services in IVR.Data were analyzed by labeling them as“codes”and the researcher went through all the labels that were constructed in the previous stage;these were then categorized once more into themes.These themes and labels were then used to spot indications and patterns in the data that the researchers used when analyzing their primary data.The findings of this study suggest that customers are skeptical towards in interactive voice recognition in telephone customer services and believe that the service quality would be lower than regular telephone service.The findings did however reflect that customers are willing to cope or adjust to new technology as long as there are alternatives them to be satisfied.

The Thinking Path of Deepening Transformation and Innovation of Chinese Banking Industry under the Background of “New Normal” Economy

This paper analyzes the three big impact in the development of Chinese banking industry and discusses the limitations of financial innovation of Chinese banking industry.The results showed that:(1)deepening the banking system innovation to adapt to the new situation;(2)improving customers’experience by deepening model innovation of the internet financial;(3)improving intensive of bank branch operation and the intelligent of network service with the aid of informatization;(4)Providing individualized,characteristic and differentiated services for high-quality customers of banks and enhancing customer value through lightweight network outlets;and(5)Adapting to the development of new entity economy by comprehensive management,optimizing the operation mode of outlets,and strengthening the supply side reform of commercial banks themselves.

New Changes of Mobile Banking Industry and Mobile Terminal-Bank Account Problem Solving Model in the Digital Era

In the digital era, the mobile-empowered customers have new power in the palms of their hands, which means that their shoppingand buying behaviors are being totally transformed by the ability to buy anything at any time from any place. Bank account is the base camp ofmoney in economic activity, therefore who wins the mobile terminal who embraces bank accounts, who embraces bank accounts who achievesthe world, for the winner can master customer resource and business foundation. This passage focuses on the issue that how to create bankaccounts on mobile terminal for mobile banking industry in the digital era, introduced the developing background of mobile banking industry,analyzed the main challenges mobile banking industry faces, and finally concluded a workable mobile terminal-bank account problem solvingmodel from strategy level, technical level and marketing level.

The Impact of New Standard of Financial Instruments on Commercial Banks- A Case Study of Industrial and Commercial Bank of China

In July 2014,《International Financial Reporting Standard 9:Financial Instruments》(Referred to IFRS 9)was formally published. Compared to the former standard,《International Accounting Standard 39: Financial Instruments》(Referred to IAS 39), rules of two main aspects, the classification and measurement of financial assets and the impairment model of financial assets have been changed in IFRS 9. Taking ICBC as an example, this paper studies the impact of changes in financial instruments on commercial banks. The study shows three impacts on commercial banks’ financial report. Firstly, the changes of the classification and measurement of financial assets will have limited impacts on commercial banks. Secondly, the expected-loss model will significantly increase the loan loss reserves under the new standard, thus reducing the net asset and net profit. Thirdly, the change in the measurement way of the equity instruments of available-for-sale securities will increase the fluctuation of the net profit. This study shows investors and regulators the impact of the new standard of financial instruments on commercial banks.

The Bank Industry Promotes Healthy Trade Development

The world trade situation is still changing and complicated,as a wave of trade protectionism surges and regional political risks increase.Such situations have added a lot of uncertainties to the world trade and economy.How will the bank i’ndustry behave to promote globalization and the development of world trade and support world economic opening-up through the advancement of Belt and Road Initiative?

The Impact of Nationalisation on CSR Policy in Citadele Bank and CR Study of the Latvian Retail Banking Sector

The present research paper is dedicated to the analysis of the impact of nationalisation on Corporate Social Responsibility （CSR） Policy in Citadele bank （formerly Parex） and Corporate Responsibility （CR） study of the Latvian banking sector. The goal is to analyse the notion of nationalisation, the history of Citadele bank, and to scrutinise CSR policy and its aspects. Research aim is to explore the impact of CSR activities implemented by Citadele on customers＇ views after the nationalisation of the bank. The research methodology involves the analysis of the existing theoretical literature and a quantitative research method-survey conducted by an international research agency. The article also explores CSR activities of commercial banks in Latvia by applying the comparative method of research.

Mixed Market Competition in a Quality Differentiated Duopoly Model An Approach to Banking Sector

This paper attempts to develop a theoretical framework to investigate the competitive implications of quality choices of financial institutions whereby they charge prices to consumers based on their willingness to pay for the service qualities in the mixed market scenario under vertical product differentiation model. Initially, it analyzes benchmark equilibrium solutions of monopoly and duopoly to establish the degree of quality differentiation between two private banks in an uncover market configuration. Further, it estimates the quality differentiation between private and public banks, and examines the interaction between two market structures keeping public bank as both leader and follower, and then measures the social welfare from different prospectives. The explicit operation of two stages Nash equilibrium game forecasted that public banks＇ monopoly seems to be still better than a private banking, and it is socially optimal. The outcome demonstrates a significant importance of vertical quality differentiation for policy implication in banking industry and provides an insight on the reasons of particular co-existence of public and private banking services in the specified location. In this context, it is concluded that the presence of public banks in banking industries is a crucial condition for obtaining the higher range of social welfare.

Hybrid Power Bank Deployment Model for Energy Supply Coverage Optimization in Industrial Wireless Sensor Network

Energy supply is one of the most critical challenges of wireless sensor networks(WSNs)and industrial wireless sensor networks(IWSNs).While research on coverage optimization problem(COP)centers on the network’s monitoring coverage,this research focuses on the power banks’energy supply coverage.The study of 2-D and 3-D spaces is typical in IWSN,with the realistic environment being more complex with obstacles(i.e.,machines).A 3-D surface is the field of interest(FOI)in this work with the established hybrid power bank deployment model for the energy supply COP optimization of IWSN.The hybrid power bank deployment model is highly adaptive and flexible for new or existing plants already using the IWSN system.The model improves the power supply to a more considerable extent with the least number of power bank deployments.The main innovation in this work is the utilization of a more practical surface model with obstacles and training while improving the convergence speed and quality of the heuristic algorithm.An overall probabilistic coverage rate analysis of every point on the FOI is provided,not limiting the scope to target points or areas.Bresenham’s algorithm is extended from 2-D to 3-D surface to enhance the probabilistic covering model for coverage measurement.A dynamic search strategy(DSS)is proposed to modify the artificial bee colony(ABC)and balance the exploration and exploitation ability for better convergence toward eliminating NP-hard deployment problems.Further,the cellular automata(CA)is utilized to enhance the convergence speed.The case study based on two typical FOI in the IWSN shows that the CA scheme effectively speeds up the optimization process.Comparative experiments are conducted on four benchmark functions to validate the effectiveness of the proposed method.The experimental results show that the proposed algorithm outperforms the ABC and gbest-guided ABC(GABC)algorithms.The results show that the proposed energy coverage optimization method based on the hybrid power bank deployment model generates more accurate results than the results obtained by similar algorithms(i.e.,ABC,GABC).The proposed model is,therefore,effective and efficient for optimization in the IWSN.

Study on Daily Accounting Profit Feasibility of Banking Based on Data Center

By the end of 2013, Chinese large-scaled commercial banks have basically completed the construction of IT banking system, in order to provide technical guarantee of deepening business operation and operation management reform. This indicates that our national banking industry information technology has been in a new level. This paper, based on the operation principle of commercial bank safety, liquidity and profitability, makes research on improving commercial banking profit data timeliness, accuracy, integrity and realizing daily accounting profit. According to survey, the four big banks have proposed the prospect of 2013 full scope implementing daily accounting profit. Thus, this paper, based on the profit accounting status of four big banks of data center, analyzes the feasibility of daily accounting profit and puts forward the relevant solutions.

Strategic Planning of "Yellow River Golden Bank" of Yinchuan Section

Through the analysis on location condition,industrial development situation of "Yellow River Golden Bank" of Yinchuan section,strategic idea for this section has been proposed,providing theoretical basis for Yinchuan City to build a distinctive city along Yellow River.

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.

FinTech in Taiwan:a case study of a Bank’s strategic planning for an investment in a FinTech company

Introduction:Since 2015 is the year of FinTech in Taiwan,it is worth investigating the challenges that emerged when banks were encouraged to invest in FinTech companies for collaboration.This study aims to identify the strategic considerations in the process of searching for FinTech investment targets.Case description:This study used a case study investigation of a top-5 bank in Taiwan.The major data sources include the meeting notes of the FinTech investment task force and interviews with the team members.Co-opetition theory was adopted as the theoretical framework and interview questions were derived from the PARTS strategies in co-petition theory.The results relate to:(1)the strategic goals of FinTech investment,(2)the added value from FinTech companies,(3)criteria in selecting candidates in the same FinTech area,(4)choosing to work as either a cooperator or a competitor,and(5)barriers from policies and regulations.Discussion and evaluation:This study has several findings:(1)regulations and policies shape FinTech’s development;(2)banks,technology companies,and customers are not“FinTech ready;”(3)Compare top-down with bottom up strategies;(4)banks and FinTech companies have complex relationships;(5)it is unlikely that Taiwan will produce FinTech disruptors in the near future.Conclusion:The findings and discussion can benefit researchers and administrators in finance-related industries.More studies are desired to observe long-term development in terms of how companies collaborate or compete in specific FinTech areas.

China National Industrial Machinery Import & Export Company

The China National Industrial Machinery Import & Export Company, a wholly-owned subsidiary of the China National Machinery Import & Export Corporation, has established longterm cooperative relations with business people in dozens of countries and regions around the world. Between 1988 and 1994, the imports and exports handled by the company totalled US$2.5 billion. Since the 1950s, the company has imported quantities of machine tools and processing equipment for the China No. 1 Automobile Plant, the China No.2 Automobile Plant, various heavy-duty machinery plants, machine-tool factories and textile mills in China. The company’s traditional imports are

Laiwu——A New Emerging Industrial City in Shandong

Laiwu,a developingindustrial city in the middle eastof Shandong Province,is situatedat the eastern foot of Mount Taiand is known for its steel andcoal production.Covering an areaof 2,239 square kilometres,ithas two districts, Laicheng andGangcheng, and 30 towns underits jurisdiction with a populationtotalling 1.2 million.

Maanshan Iron and Steel Design Institute under the Ministry of Metallurgical Industry

Founded in July 1962.Maanshan Iron and Steel DesignInstitute is an important design institute directly under theMinistry of Metallurgical Industry,and a state Class A designinstitute registered in World Bank and Asia DevelopmentBank,also a member unit of China International ConsultantsCompany and China Metallurgical Construction GroupCompany.It boasts a staff of 1.500,including 1,200 engineeringand technical people(400 senior engineers included).It has 22research offices,such as iron-smelting,steel making,steel-rolling,mining,dressing and sintering,34 engineering designfaculties,has well-equipped electronic computer stations,experimenting labs and printing factories,and has divisions inShanghai and Zhuhai. The institute is engaged in the engineering design,technical consultancy,supervision and general contract

Discussion on Consumer Credit Business of Traditional Commercial Banks under Internet Finance

With the advent and development of the information age,the Internet has become the current advancement in all walks of life.The popularization of e-commerce also gives birth to Internet finance.The emergence of consumer credit businesses such as“Yu‘ebao”and“Huabei”has put great pressure on the consumer credit business of traditional commercial Banks.Under the background of Internet finance,in order to promote the development of commercial Banks’consumer credit business,it is necessary to strengthen the innovation of commercial Banks’consumer credit business and meet the development demand of the current information age.