The article examines modern models of digital currency systems central banks (CBDC) for retail payments and wholesale settlements. study gives economic interpretation defines the key characteristics bank currencies, identifies features main currencies analyzes most advanced national implementation projects CBDC. concludes that are a new (digital) form fiat money. is due to need improve efficien...

The online banking systems offered by the Lloyds Banking Group (including Bank of Scotland & Halifax) and the Royal Bank of Scotland Group (including Natwest, Royal Bank of Scotland & Ulster bank) are vulnerable to a remote attack which allows an adversary to commit financial fraud. The vulnerability has arisen as a result of poor software engineering practice which neglected security in favour...

Auxiliary power supply (APS) systems are increasingly used for low power rating home appliances (e.g. televisions, water dispensers, etc.) and lighting (e.g. CFL lamps) in countries where long power rationing schemes are applied. In general, these systems charge a 240AH (Ampers-Hours) bank of batteries as long as the grid is on and then convert the stored energy into AC current to supply a load...

Filter bank based transmultiplexer systems have certain advantages compared with existing DFT-based multicarrier systems and they are promising candidates for data transmission in frequency selective channels. We have recently proposed a novel and efficient channel equalization idea to be used with critically decimated perfect reconstruction cosine modulated transmultiplexer systems. The equali...

Money-Laundering causes a higher prevalence of crime and reduces the desire tending to invest in productive activities. Also, it leads to weaken the integrity of financial markets and decrease government control over economic policy. Banks are able to prevent theft, fraud, money laundering conducted by customers through identification of their clients’ behavioral characteristics. This leads to ...

Nowadays, the great benefits of cloud computing have dramatically increased the number of e-banking users. Hence, the competition in the banking industry has boosted and managers need to evaluate their branches on a regular basis. To this end, this study aims to evaluate cloud-based banking systems based on the Quality of Service (QoS) attributes using the Dynamic Network Data Envelopment Analy...

Money-Laundering causes a higher prevalence of crime and reduces the desire tending to invest in productive activities. Also, it leads to weaken the integrity of financial markets and decrease government control over economic policy. Banks are able to prevent theft, fraud, money laundering conducted by customers through identification of their clients’ behavioral characteristics. This leads to ...

A widely publicized series of mergers has characterized the banking industry in recent years. Shareholder returns from these mergers have often been disappointing. This study finds delays in implementing potential operating savings and realizing benefits of scale economies may be one reason bank mergers have disappointing returns. We analyze a 200 branch network formed in a merger of four banks...

T he exchange of goods conducted face-to-face between two parties dates back to before the beginning of recorded history. Eventually, as trade became more complicated and inconvenient, humans invented abstract representations of value. As time passed, representations of value became more and more abstract, progressing from barter through bank notes, payment orders, checks, credit cards, and now...