Mobile technology is revolutionizing the global banking and payment industry. It offers new opportunities for banks to provide added convenience to their existing customers in developed countries, and reach a large population of unbanked customers in emerging markets. However, banks face significant challenges as new players enter these markets and change the ecosystem of the industry. Although...

The performance and effectiveness of financial institutions are important considerations for policy-makers concerned about economic growth. Growth, after all, is heavily dependent on investment, and a significant fraction of all investment flows through financial institutions. Furthermore, incidences of financial instability in some countries have shown that poor financial policies can have ser...

In this paper, we review nine visualization techniques that can be used for visual exploration of multidimensional financial data. We illustrate the use of these techniques by studying the financial performance of companies from the pulp and paper industry. We also illustrate the use of visualization techniques for detecting multivariate outliers, and other patterns in financial performance dat...

The Australian financial system is undergoing a period of rapid change driven by the introduction of new technologies, changes in regulation and the emergence of new competitive forces. Consumers of financial services are being faced with an array of new products and charges as individual financial institutions respond to these challenges. Some consumers in smaller regional centres have experie...

This paper examines one of the major problems in credit risk models widely used in the financial industry to forecast future defaults and bankruptcies. We find that even after proper calibration, a representative credit risk model can severely underestimate default correlation. We further find that a likely reason for the underestimation of default correlation is the problematic common practice...

The development of the Digital Economy will have a fundamental impact on the structures and processes of economic systems. The paper therefore begins with outlining the general challenges arising in the context of the Digital Economy. It focuses on the relationship between suppliers and customers in the described context. After a more detailed explanation of this, we analyze the challenges for ...

Click here for part 2 of the report Internet firms throwing down the gauntlet to the banking world. In sections of the financial industry there are many weband data-based financial products and services that customers cannot obtain from either their bank or a similar provider. This gives rise to a new competitive environment. Non-bank, primarily technology-driven providers are entering the mark...

This paper identifies some of the forces that influence the impact of air transportation on regional connectivity and economic productivity in the United States. In light of recent threats to the financial viability of the airline industry, a conceptual model has been developed to highlight the interdependence of the national economy and the air transportation system. These complex relationship...

There is no such monopoly as ‘The World Wide Bank’ that manages the databases of all possible financial activities. Such a concept makes neither technical nor business sense. Each player in the financial industry, each bank, stock exchange, government agency, or insurance company, operates its own internal financial information systems. By its very nature, financial information, like the money ...

what are the main success factors of microfinance institutions in providing financial services to poor people in a sustainable manner? in this article we try to answer this question. in one hand, we analyze the core compatibility between microeconomics of asymmetric information, transaction cost and risk, and new different operational mechanisms applied by microfinance institutions. on the othe...