Academic literature on the topic 'Innovative banking product'
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Journal articles on the topic "Innovative banking product"
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Trimulato, Trimulato. "Sharia Bank Product Development through Mudhrabah Investment." Shirkah: Journal of Economics and Business 1, no. 3 (December 31, 2016): 311. http://dx.doi.org/10.22515/shirkah.v1i3.24.
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Sharia banking now has a strong legal framework with the presence of law number 21 of 2008 on sharia banking in Indonesia. This regulation enforces sharia banking to develop products to achieve the targeted market share of 5%. In third-party fund products, more innovation is needed to attract people to entrust their funds in sharia banks. The visible data of mudharabah fund raising deposit products in March 2013 amounted to Rp100.746.000.000 and Rp115.728.000.000 in mudharabah deposits was visible on April 2014, which is an increase of less than 2% each month. This research uses a qualitative descriptive methodology, and is focused on fund raising products in shari'ah banking, particularly in the form of mudharabah investments for a definitive result. The results show that sharia banking requires innovative fund raising for third-party products, such as mudharabah investment products. These investments provide certainty of results despite using mudharabah and are based on the certainty that projector financing has been agreed by the sharia with the creditor banks. This investment product can be offered to both individuals and groups/collectives.Keywords: sharia banking, investment, mudharabah
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Kantoroeva, Aijamal K., and Nurzat K. Toktomamatova. "Ijara as an Innovative Product in Agricultural Financing." International Journal of Agricultural Extension 9, no. 4 (August 18, 2021): 141–47. http://dx.doi.org/10.33687/ijae.009.00.3729.
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The relevance of the study is due to the necessity to solve the problems of agricultural lending in the Kyrgyz Republic. The problems of financing and lending to agriculture are still urgent in the Kyrgyz Republic, therefore, specific financial instruments of Islamic banking, which are highly appreciated in the practise of other countries, are well suited for project financing, work in conditions of high uncertainty characteristic of agriculture in the Kyrgyz Republic. The purpose of the study was to identify alternative loan products for agricultural economic entities based on Islamic principles of financing in the Kyrgyz Republic. Research objectives: to provide brief information on the current state in the field of agricultural lending; give brief information on the development of Islamic principles of lending in the Kyrgyz Republic; define the concept and classification of Islamic banking instruments in agriculture; define the financial instrument “Ijara” and identify its advantages. Research methods: methods of the empirical level (studying of literature and other sources of information, observation, comparison), methods of the theoretical level (study and generalisation, analysis and synthesis). In the process of writing this article, Islamic banking instruments have been reviewed and classified. The concept of Ijara contract was considered, new modern technologies in the field of Islamic banking were investigated. The main distinctive principles of Islamic banking from the Western model of financial leasing were analysed. The credit history of agriculture and forestry of the Kyrgyz Republic was analysed.
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Kryvych, Ia, and A. Dranitsyna. "BANKING INNOVATION AS A FACTOR IN STRENGTHENING CONFIDENCE AND CUSTOMER LOYALTY." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 3 (2019): 33–39. http://dx.doi.org/10.21272/1817-9215.2019.3-4.
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The purpose of the article is the development of the definition and concept of "banking innovations". The classification of banking innovations is proposed and includes product (development of new or modification of existing banking products), process (improvement of banking business processes), marketing (innovations in sales channels and marketing communications of banks), technological (related to the development of technical bank capabilities) and management (changes in the organizational structure of banks, mechanisms of planning, control, incentives, etc.). The research proves the concept of "banking innovations" can be applied to all innovations in bank functioning. This paper distinguishes definition between finance and banking innovations. Finance innovations are related to the creation and dissemination of new financial instruments as well as financial technologies, institutions and markets. The concept of "banking innovation" should be understood as a process with focus on developing new or improving existing banking products (services), technology of their promotion, as well as new innovative methods of managing banking institutions in order to obtain additional income and competitive advantages. The chronology of the most important banking technologies development is analyzed in this article. Correlations between the innovative activity of banks, technological and scientific achievements of humankind are found.Key trends of development of the banking services market (contactless payment, biometric identification, digital wallets and QR codes, Internet of Things, cryptocurrency, fintech movement) are identified and characterized. The paper is emphasizes the connection between banks' innovation activities, the formation of customer loyalty and the increasing of trust to banks. Keywords: banking innovation, financial innovation, trust, loyalty.
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Obeng, Asare Yaw, and Mkhize L. Peter. "Interrelationships and consequential effects among technological innovation, service consistency, customer satisfaction and loyalty in banking." International Journal of Finance & Banking Studies (2147-4486) 6, no. 3 (October 17, 2017): 51. http://dx.doi.org/10.20525/ijfbs.v6i3.716.
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<p>The key to long-term success in banking is consistent improvement and delivering of quality product and or value-added service that conform to the expectations of customers. IT-innovative products/services and processes (technological innovation) facilitate these key elements of customer satisfaction and critical factors for retaining valued customers. The objective of this paper is to explore the effects of technological innovation on service consistency and the consequential effects on customer satisfaction and loyalty covering seven universal banks in Ghana. The results of the empirically tested model reveal new/improved product/process functionalities, service consistency and innovative product/process satisfaction contribute significantly to customer loyalty (<em>p < 0.001</em>). Service consistency has a marginal higher impact (<em>β </em>= .373) on customer loyalty than the others. Product/process quality contributes significantly (with <em>β</em> ranging from .345 to .742 and <em>p < 0.001</em>) to each of the above three antecedents than all other items.</p>
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Mukhlisin, Ahmad, and Aan Suhendri. "STRATEGI PENGEMBANGAN PRODUK BANK SYARIAH DI INDONESIA." JES (Jurnal Ekonomi Syariah) 3, no. 1 (September 29, 2018): 60–70. http://dx.doi.org/10.30736/jes.v3i1.51.
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At present Islamic banking is growing rapidly, along with these developments various types of Islamic Bank products are also growing, where product innovation is the key to Islamic banking to be more competitive and more rapidly developed in accordance with the needs of the community. Product development strategies are one aspect of a marketing strategy. Banking product development is an effort to increase customers by introducing new banking products. The strategy of developing banking products is an effort to increase the number of customers by developing or introducing new banking products. Innovation and creativity in product creation are one of the main keys in this strategy. In general, every Islamic bank in running its business has five operational principles, namely as follows: Principles of pure savings, the principle of profit sharing, the principle of buying and selling, the principle of rent, and the principle of service (fee). Product development strategies are part of a corporate strategy. Islamic banks provide many options for the community to obtain financing that does not only depend on one type of bank with its products, if Islamic banks are able to read the potential of the region and the needs of the population is owned by Islamic banking, the development of Islamic banking products is a necessity for Islamic banks those in the region to be able to answer the needs of the community. This condition can occur can not be separated from the support of DPS who must be active and innovative and be with each bank in the area. As well as product marketing strategies must be carried out by conducting strategic alliances with mass media (radio, television and print media) and event organizers in the form of exhibitions (expo), so that these products are widely known and directly felt by the public at large. In certain expos such as people can directly register for sharia credit cards or make financing requests for the purchase of sharia products that are on display. Through this strategy Islamic banks can get a lot of success, both in increasing portfolios and marketing new products.
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Tajudeen Kolapo, Funsho, Joseph Oluseye Mokuolu, Samuel Obafemi Dada, and Adeola Oluwakemi Adejayan. "Strategic marketing innovation and bank performance in Nigeria." Innovative Marketing 17, no. 1 (March 26, 2021): 120–29. http://dx.doi.org/10.21511/im.17(1).2021.10.
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To survive in the ever-increasing competition in the financial market, commercial banks need successful innovative strategies. However, there is insufficient information on appropriate innovative strategies required by banks. Primary data were obtained through a structured questionnaire. It was distributed among 1,200 bank employees and 300 bank customers of all eight systematically important banks (Access, Diamond, Eco, First, GTB, Polaris, UBA and Zenith) out of 21 deposit money banks in Nigeria as of December 31, 2016 by random sampling and stratified sampling techniques. The data were fitted to the regression-based model. The identified marketing innovation adopted by banks include innovative service provision (4.02), generation of new product with quality (3.65), entrance into new markets (3.60) and adoption of technological tools (3.57). Performance indicators considered are customer satisfaction and customer retention. Results showed that marketing innovation strategies of the banks significantly (p &lt; 0.05) improve customer satisfaction. Improved service and product quality, introduction of new products and entrance to new market exert a positive and significant effect on outcomes of the banks. The estimated regression on customer retention showed that in a competitive environment, improved service exerts positive and significant (p &lt; 0.05) influence. Furthermore, the impact of reduction in service cost is also positive and significant (p &lt; 0.05), which is similar to the effect development of new banking products. The findings suggest that the pathway to raising performance of financial institutions in a competitive environment is diverse. There is a need for deployment of a modern banking technology, innovations around banking products and associated services.
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Hassan, Barham Khalid, Ali Omer Mohammed, and Raqeeb Abdullah Omer. "The Role of Innovative Bank Products on Customer Perception Influencing Accounting Procedures in Kurdistan." Journal of University of Raparin 8, no. 1 (March 22, 2021): 334–52. http://dx.doi.org/10.26750/vol(8).no(1).paper14.
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This study sought to find the role of innovative banking products on customer perception influencing accounting procedures in Kurdistan. The Innovative banking product was embraced as an independent variable through (transactional costs, innovation, and accessibility) and customer perception as a dependent variable. Lack of understanding of customer perception and accounting procedures is proving to be the main problem of the acceptance of products as it is the source of economic benefit in the Kurdistan financial sector. Pearson correlation tests were carried out to assess the relationship between the independent variables (Transaction costs, accessibility and innovation) and the dependent variable of Customer perceptions. Statistical package for the social sciences program (SPSS 20) was used for data analysis and presentation. Results indicated that all variables had a positive relationship with customer perceptions. The study recommended that the banks need to understand the risks associated with innovation in line with the accounting procedures to understand customer’s perception before developing and rolling out new products. Customers view products and services differently, therefore there is need to improve on customer relations, customer education and awareness and customer loyalty.
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FITHRIAH, NURHANI. "INNOVATION OF ISLAMIC BANKING INDUSTRY AS AN ALTERNATIVE ISLAMIC ECONOMIC DEVELOPMENT IN INDONESIA." Jurnal Jurisprudence 7, no. 2 (February 3, 2018): 132–41. http://dx.doi.org/10.23917/jurisprudence.v7i2.4838.
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One of potential exploration and manifestation of the community's contribution to the national economy, is the development of an economic system based on the value of Islamic (Sharia) by lifting its principles into the National Legal System. Shariah principles based on the values of fairness, expediency, balance, and universality (rahmatan lil 'alamin). Those values are applied in banking regulation that is based on the so-called Sharia Islamic Banking. Principles of Islamic Banking is part of Islamic teachings related to the economy. In addition, to provide assurance to the people who still doubt shariah Islamic Banking operations during this time also set of business activities that do not conflict with Sharia Principles include business activities that do not contain elements of riba, maisir gharar, haram, and zalim. A separate regulation for Islamic Banking is an urgent thing to do, to ensure compliance with Shariah principles, the principles of the Bank for Islamic Bank, and no less important is expected to mobilize funds from other countries that requires the regulation of the Islamic Bank. Problems faced, how the strategy and the constraints faced in Islamic Banking Industry Product Innovation in developing the economy in Indonesia by Islamic Banking Act. This study aims to look for and find in the practice of the ways and forms of Islamic banking product innovation, as well as the constraints that it faces.This research, analytical, descriptive and normative juridical approach, and aims to provide a complete picture of the facts and the systematic application of Sharing in Islamic banks. Furthermore, the data were analyzed through statutory provisions in force, which among one another should not be contradictory, pay attention to the hierarchy with the aim to achieve legal certainty, by searching and digging law who live in the community, whether it is written or unwritten (Islamic law).The results showed that the strategy which remove products of Islamic banking industry innovation, improve human resources SDI), and marketing of products strategically. Constraints faced in Islamic Banking Industry Product Innovation in developing the economy in Indonesia, it is very difficult to do because fixated on Islamic principles. Suggestions put forward, should disseminate innovative products to the public and the effectiveness of supervision of Islamic banks (Internal & ekstenal).
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Asaah, Jenkins A., Beatrice L. Asaah, and Austin W. Luguterah. "Diagnosing the Organizational Culture of Rural Community Banks in Ghana and Its Effects on Their Financial Performance." Journal of Social Science Studies 7, no. 2 (June 17, 2020): 86. http://dx.doi.org/10.5296/jsss.v7i2.15805.
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Rural Community Banks (RCBs) are important rural development partners in Ghana. They are the lifeline of credit to small businesses and individuals who do not have the necessary collateral and capacity to borrow from the traditional commercial banks. However, the RCBs are confronted with increasing customers’ demands, keen competition, and poor financial performance which has led to 26% of the country’s RCBs earmarked for liquidation. This is a serious threat to the sustainability of the country’s RCBs prompting serious concern among stakeholders of rural banking. Previous studies have looked at the issue from the perspective of regulations, corporate governance, and ownership structure. This paper seeks to look at the problem from the organizational culture and product innovation point of views.Based on the Competing Values Framework and empirical studies, hypotheses were stated and tested using data collected from 92 RCBs.The data were analyzed using the Smart PLS of SEM.The findings are that RCBs in Ghana exhibit four different cultural types but the dominant culture is control-oriented. Product innovation has a strong impact on financial performance. Cultural orientations such as compete-oriented and innovate-oriented can support RCBs to introduce innovative financial products (product innovation) while control-oriented cannot.Based on the findings, the RCBs are encouraged to create a Research and Product Development (RPD) unit. This unit should develop a cultural orientation that values and encourages freedom of thought, and experimentation of innovative ideas. The bank as an institution should value customer and competitor interactions which serve as a feedback platform for the development of innovative financial products and services.The theoretical contribution of this paper is that organizational cultural orientations that value and focus on customer satisfaction, and interaction with competitors nurture product innovation.
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Zherdetska, Liliia, Yuliia Diatlova, Valentyna Diatlova, Julia Derkach, Anastasiia Goncharenko, and Mykola Zos-Kior. "Digital banking in the marketing mix and human resource management: improving the approach to the assessment as an innovative component." LAPLAGE EM REVISTA 7, no. 3A (September 3, 2021): 111–19. http://dx.doi.org/10.24115/s2446-6220202173a1386p.111-119.
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The research evaluates the activity of using digital banking in components of the marketing mix of Ukrainian banks, such as «product», «place», «promotion», and «price». The developed methodological approach is based on the analysis of traditional bank's marketing mix elements and their innovative components, mainly digital banking. It has been established that banks, offering a generally standard set of primary products, introduce product innovations quite unevenly. According to the «place» component of the marketing mix, it has been noted that the pace of traditional marketing replacement by banking innovations marketing is slow. Regarding the «promotion» component of the marketing mix, the distribution of the indicators of the bank's activity in the use of social networks is uneven. Facebook is more used than Instagram, and not all banks use YouTube's capabilities. Banks are market leaders that use social networks and the Internet most actively.
Dissertations / Theses on the topic "Innovative banking product"
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???????????, ????? ???????????, and L. A. Zavodovska. "?????????????? ????? ? ?????? ???????? ?? ????????? ?? ???????????? ???????????? ??????????? ?????????" Thesis, ????, 2016. http://eztuir.ztu.edu.ua/123456789/5925.
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?????????? ?? ???????? ????????? ??????? ????????? ??????????? ???? ?? ????????????? 08.00.09 ? ?????????????? ?????, ?????? ?? ????? (?? ?????? ??????????? ??????????). ? ???????????? ????????? ????????????? ??????????? ???????????? ?????? ? ????? ???????, ???????, 2016.
?????????? ?????????? ????????????? ? ???????? ?????????????-?????????? ???????????? ? ????????????? ??????????????? ?????? ?? ??????? ???????? ?? ????????? ?? ???????????? ???????????? ??????????? ?????????. ???????? ?????????? ?????? ?? ????????????? ???????????? ???????????? ??????????? ?????????. ???????????? ????????????? ????????? ??????????????? ?????? ???????? ? ????????????? ???????????? ??????????. ????????????? ?????????? ?????? ?? ?????????? ???????????? ??????, ??? ????????? ? ???? ???????? ? ????????????? ?????????? ? ??????????? ??????. ?????????? ????? ????????????? ????????? ???? ???????? ???????? ? ????????????? ???????????? ?????????? ??? ??????????? ????????????? ?????? ?????????????? ?????????. ???????????? ????????? ???????????? ??????? ?????????? ???????????? ??????????? ????????? ?? ???????????? ?????????? ???????? ? ????.Thesis for obtaining the scientific degree of Candidate of Economic Sciences on specialty 08.00.09 ? Accounting, Analysis and Auditing (by the types of economic activity). ? Zhytomyr State Technological University of Ministry of Education and Science of Ukraine, Zhytomyr, 2016. The thesis is devoted to substantiation and development of organizational and methodological recommendations to improve accounting and analysis of operations for the creation and implementation of innovative banking products. A research object is transactions with innovative products in the accounting system and analysis of commercial bank. The subject of the study is a set of theoretical, organizational and methodological regulations of accounting and analysis of operations with innovative banking products. Having analyzed the current point of view to the definition of "innovation" the author reasonably justified unreasonableness of its assignment to the objects of accounting. It as also justified the main inherent features of innovative banking products that is based on a detailed analysis of the characteristics of financial and banking innovations: 1) the characteristics of goods sold in the banking market; 2) features that take into consideration the requirements of accounting. This allowed to bring the determination of innovative banking product (as a result of intellectual activity of the bank, which received expression in the form of new and / or improved products intended for placing on the market of banking services, focused on better customer satisfaction and obtaining bank income) and structured objects accounting arising from the implementation of banking innovation. It is suggested here the classification of innovative banking products should be done 19 according to the following features: display in balance (balance sheet, off-balance sheet); development mechanism (developed by the Bank, with the assistance of third-party developers); the degree of novelty (newly borrowed); the degree of completion (complete, incomplete); form of protection (trade mark which is registered, which is subject to copyright, which is a commercial secret, for which no method of protection is not used); performance (implemented partly implemented,non-implemented). It is justified approach to banking engineering (as the development and implementation of innovative banking products that meet customer needs and interests of their own banks, which is caused by changes in the external and internal environments of operation), which is taken into account when determining its stages. The mechanisms of development and introduction of innovative products have been displayed that made possible to determine the sequence of formation expenses and the cost of innovative banking products as the basis for improving methodological support of their display. Agreed components of accounting: organization (division of responsibilities reflection of creation and implementation of banking products), methodology (development and implementation of methods for displaying the banking products at all stages of their life cycle) as well as process (ensuring effective use of selected methods of data processing, forms accounting records). In order to eliminate duplication of data components on a regulatory document it is set that the Bank's accounting policies disclosed through methodical and technological component of accounting. The author suggests to accumulate these costs in the accounts section 75 ??nnovation costs? (groups of accounts defined under banking phases of engineering, analytical accounts offered to build given the Bank's operating segments, responsibility centers, the types of new banking products). These proposals will improve the reliability and completeness of information on transactions with innovative banking products. In terms of ensuring appropriate information for operations management with innovative banking products it is offered to use the package management reporting: IBP 1 ?Statement of expenditure by type of innovative banking products and centers of responsibility?, IBP 2 ?Report on the cost of innovative banking products?, IBP 3 ?Report deviation of actual to planned cost banking product innovation?, IBP 4 ?Performance report transactions with innovative banking products?. Using these reporting forms allowed the employees of commercial banks to assess the feasibility of implementing of new products. It was established that the analysis of operations with innovative banking products should cover not only the effectiveness analysis, but the analysis of potential banking products, providing a definition of attractive investment products and their implementation. It was proved that evaluate the potential of innovative banking product should be based on a marketing approach that takes into account the benefit of both sides: the product manufacturer and the consumer of the product. On the basis of the advantages and disadvantages of these methods assess the potential of an innovative product, the 20 method of assessing the potential of innovative banking product that allowed to combine methods of peer review, based on a subjective analysis of the market environment experts and compliance needs of users of innovative banking products, and taking into account technical and technological capabilities of the bank given the prospect of further improvement of innovative banking product. In order to develop a common approach to the list of indicators that best allows to analyze the efficiency of operations with innovative banking products, formed a methodical support of this analysis. Also suggested author?s list of economic indicators to analyze the efficiency of funds invested in the development and realization of innovative banking products (rate of return on equity, the financial return on investment, net present value of cash flows, IRR (internal rate of Return, innovative project profitability project).
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Котенко, Олександр Олександрович, Александр Александрович Котенко, and Oleksandr Oleksandrovych Kotenko. "The perspective development directions of Ukrainian commercial banks." Thesis, Poltava University of Economics and Trade, 2010. http://essuir.sumdu.edu.ua/handle/123456789/62424.
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Купрієнко, О. В. "Інноваційні банківські продукти як умова підвищення ефективності діяльності роздрібного бізнесу." Thesis, Українська академія банківської справи Національного банку України, 2011. http://essuir.sumdu.edu.ua/handle/123456789/63468.
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Сутність пакетних банківських продуктів – це поєднання в одному
банківському продукті комплексу банківських і страхових продуктів,
традиційних та альтернативних банківських послуг, що дозволяє мак-
симально повно задовольняти потреби клієнта в роздрібних продуктах,
вигідно розміщувати грошові кошти на рахунках клієнта та ефективно
управляти ними, а також отримувати додаткові переваги при придбанні
послуг поза пакетом.
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Ізощенкова, І. М. "Банківські інновації та розвиток банківських послуг." Thesis, Сумський державний університет, 2013. http://essuir.sumdu.edu.ua/handle/123456789/33045.
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Забезпечення високого рівня якості активів, збільшення прибутковості банківських продуктів, їх конкурентоспроможності можливе сьогодні за умови впровадження інновацій вітчизняними банками.
При цитуванні документа, використовуйте посилання http://essuir.sumdu.edu.ua/handle/123456789/33045
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Uchupalanan, Kittiwat. "Dynamics of competitive strategy and IT-based product/process innovation in financial services : the development of electronic banking services in Thailand." Thesis, University of Sussex, 1998. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.390519.
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Bartoo, Debora S. "Financial Services Innovation: Opportunities for Transformation Through Facial Recognition and Digital Wallet Patents." Antioch University / OhioLINK, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=antioch1370778739.
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Феокистова, Т. В. "Проблемы создания инновационного рынка в России." Thesis, Украинская академия банковского дела Национального банка Украины, 2011. http://essuir.sumdu.edu.ua/handle/123456789/62225.
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Hsyu, JenJan, and 徐建楨. "The Research of RFID Application in Innovative Product Design and Development – An Example of Banking Passbook system." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/77012849610500588672.
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碩士國立臺北教育大學
數位科技設計學系(含玩具與遊戲設計碩士班)
100
This research tries to assess if the magnetic read/write head devices conventionally used in the banking industry, particularly in the passbook system involving passbooks and passbook printers, can be replaced by an RFID system comprising RFID readers and RFID tags. A feasibility evaluation is performed using existing passbook printers, passbooks, RFID readers and RFID tags. This study also analyzes the pros and cons of the RFID read/write system by comparing its features, types, prices, functions, specifications, etc. with those of the magnetic read/write head system. Now that IC-based banking cards have superseded those based on magnetic stripes, and thanks to the RFID technology, the applications of EasyCards in Taiwan have moved beyond the Metro system to the banking and medical systems, it is further discussed in this study whether the successful operations of such smart cards will lead to a revolution of the traditional magnetic-read/write-head passbook system. Although the declining prices of HF RFID tags still cannot compete with those of magnetic stripes, the trend is indisputably moving from magnetic to RFID. However, total substitution is unattainable unless all passbook printer suppliers introduce the RFID technology into the existing hardware and software structures of passbook printers and all passbook suppliers provide passbooks integrated with RFID tags. In addition, total support from the government and the banking system is crucial to the successful transition between the two systems, and this support is what we are looking forward to after we come to the positive conclusions of this study. Keywords: Reader, Tag, Passbook, ATM, Antenna, Collision, Authentication
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Chung, Hui-ting, and 鍾惠婷. "The Effects of Relationship Marketing and Innovative Service on Purchase Intention of Finance and Banking Industries: Using Employee’s Product Knowledge as Moderator." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/w5g63v.
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碩士世新大學
企業管理研究所(含碩專班)
102
In the past, the commodity performance was the major concerns for consumers investing financial products. However, the factors affecting consumers to purchase financial commodity are quite complicated. For instance, the factors of the interactive relationship between consumers and sellers, the innovative services offered by practitioners, and consumers’ product knowledge all can affect the consumers’ intentions for buying financial commodity. Hence, the current study is to investigate the interrelated relationships among relationship marketing, innovation service, consumer product knowledge, and customers’ purchase intentions. The study chooses the case of financial product’s consumers to examine the marketing effects of relationship marketing and innovation service , and to understand the mediating and moderating effects of consumers’ product knowledge. A questionnaire survey is conducted by using random sampling process for the consumers of banking industry in Taipei metropolis. After completing data collection, the study performs regression analysis to verify the proposed hypotheses. The results show that the degree of relationship marketing and innovation service implemented by banks can positively affect customers’ purchase intentions. Besides, consumers’ product knowledge can effectively moderate the effect of innovative service on purchase intentions, and partially mediate the relationship between relationship marketing and purchase intentions. The results not only can strengthen the theories of relationship marketing and service innovation, but also can serve as a reference to designing marketing alternative and product development strategy for practitioners.
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Chuang, Ching-chun, and 莊清俊. "Applying AHP in Analyzing the Product Innovation Strategy of Wealth Management Banking." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/15094403291964600743.
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碩士朝陽科技大學
保險金融管理系碩士班
97
Financial liberalization has become the common understanding in the international community since the 1980s. With the constant increase of the foreign exchange reserve and under the pressure from other foreign countries requiring the government to open the financial market, the government began to engage in the financial liberalization policy and gradually opened the domestic financial market. In this period, Taiwan underwent the Asian financial crisis in 1997, the Double Card Storm in 2006 and the global financial crisis, etc. Nowadays, the financial market in Taiwan is more mature than ever. More financial organizations came into the domestic market after the government allowed the foreign capitals to come in. If a company aims to survive and keep its competiveness, the key is to innovate its products. This research is to analyze the important innovating elements the financial sector has when creating new products. Questionnaires were established based on the references. Four major dimensions and 19 evaluating pointers that suit the financial sector when product innovation is needed were gathered. Then the Analytic Hierarchy Process (AHP) was applied to calculate the relevant influence degree. The result of the study found that among dimensions overall economy, industry economy, marketing, and finance. The overall economy dimension is the most important one. Evaluating from the overall perspective, the five elements below are to be considered by the financial sector when innovating new products. They are the ability to handle inflation, the ability to face the change of the national income, the change of the functions of the financial products, the ability to handle the change of the interest rates, the ability to handle the change of the population structure and quantity.
Books on the topic "Innovative banking product"
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Global sukūk and Islamic securitization market: Financial engineering and product innovation by Muhammad al-Bashir Muhammad al-Amine. Leiden: Brill, 2011.
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United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Consumer Affairs. The ability of consumers to plan their financial affairs: Hearing before the Subcommittee on Consumer Affairs of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundredth Congress, first session, on the pace of product innovation over the past few years as technology, deregulation, and creativity have combined to produce an array of new products in the area of financial services, November 5, 1987. Washington: U.S. G.P.O., 1988.
Find full textBook chapters on the topic "Innovative banking product"
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Davis, Steven I. "Products: Diversification and Innovation." In Excellence in Banking, 41–52. London: Palgrave Macmillan UK, 1985. http://dx.doi.org/10.1007/978-1-349-07912-4_4.
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Hesse, Markus, and Maher Hamid. "Definition von Bankprodukten mithilfe von Product-Lifecycle-Managementsystemen." In Banking & Innovation 2018/2019, 269–93. Wiesbaden: Springer Fachmedien Wiesbaden, 2018. http://dx.doi.org/10.1007/978-3-658-23041-8_15.
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Zgheib, Philippe W., and Lama I. Massalkhy. "Entrepreneurial Innovation in Islamic Banking." In Entrepreneurship and Business Innovation in the Middle East, 286–313. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-2066-5.ch015.
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Instruments of Islamic finance have recently reemerged as an innovative tool for entrepreneurial transactions. Purpose of this chapter is to: a) define Islamic banking Product; b) compare with nearest western banking equivalent; c) highlight advantages and disadvantages of product; d) state future progression of banking towards convergence or divergence between Islamic and Western banking; and e) finally evaluate the role of client focus and customer driven performance in the future trends of entrepreneurial Islamic funding. This chapter highlights the concept of Islamic Banking. Business is slowly adopting Islamic banking as a rival market to western fractional reserve banking from the perspective of delivering customer value. This synopsis covers 19 instruments of Islamic banking by comparing the advantages and disadvantages of each one to that of conventional banking. Interestingly, the comparative methods result in several findings including the fact that banks must be completely devoted to providing customers with excellent service standards, and must also cater for customers‘ needs and demands. In addition, if Islamic services are desired, then the ones who cater for those needs will survive. Whereas western banks have a higher chance to penetrate the Islamic banking sector, Islamic banks can't provide any conventional banking services due to Sharia'a rules that prohibit fixed or floating payment or acceptance of specific interest or fees for any service.This chapter also concludes with a contrast between Islamic and western banking from a customer perspective.
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Dua, Sonu, Inderpal Singh, and Subhankar Das. "Banking Innovative Service With Digital Brand Equity for New Age Consumers." In Innovations in Digital Branding and Content Marketing, 134–59. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-4420-4.ch007.
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Digital banking is at the helm of all intangible transactions for the new age consumers in this world of touchless banking. So here in this chapter the authors tried to reconcile the new innovative content that will make this service to a notch higher. In goods industry, the product is considered as primary brand with various attributes. However, in case of services industry, the company itself is a primary brand. This research article is based upon primary research of services (banking) sector as a case of service branding with services extended marketing mix variables. A model has been developed to identify the impact of services extended marketing variables on customer-based brand equity. Two components of customer-based brand have been taken into consideration: brand awareness and brand association. For this purpose, structured questionnaire was prepared, and survey was conducted on 400 respondents and structural equation model has been applied.
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Das, Subhankar. "Innovations in Digital Banking Service Brand Equity and Millennial Consumerism." In Digital Transformation and Innovative Services for Business and Learning, 62–79. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-5175-2.ch004.
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In the goods industry, the product is considered the primary brand with various attributes. However, in the case of the services industry, the company itself is a primary brand. This chapter is based upon primary research of the services (banking) sector as a case of service branding with services extended marketing mix variables. A model has been developed to identify the impact of services extended marketing variables on customer-based brand equity. Two components of customer-based brand have been given consideration such as brand awareness and brand association. For this purpose, a structured questionnaire was prepared, and a survey was conducted on 400 respondents, and a structural equation model has been applied.
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Quintiliani, Andrea. "Global Crisis and Financial Distress Likelihood of SMEs." In Advances in Finance, Accounting, and Economics, 81–99. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-3767-0.ch005.
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In the aftermath of the global financial crisis, this chapter sheds light on the determinants of the financial distress costs between Italian and German small and medium enterprises (SMEs). The authors propose an innovative formulation of the expected costs originated by financial distress expressed as the product of the expected financial distress likelihood times the total amount of the financial distress costs if insolvency does occur. The model is estimated using panel data methodology on samples from two European countries (Italy and Germany). The results indicate that the amount of ex-post costs depends on derivative financial instruments, intangible assets, and relation with local banks (small local banks rather than large banking groups).
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Quintiliani, Andrea. "Global Crisis and Financial Distress Likelihood of SMEs." In Research Anthology on Small Business Strategies for Success and Survival, 1097–116. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-9155-0.ch054.
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In the aftermath of the global financial crisis, this chapter sheds light on the determinants of the financial distress costs between Italian and German small and medium enterprises (SMEs). The authors propose an innovative formulation of the expected costs originated by financial distress expressed as the product of the expected financial distress likelihood times the total amount of the financial distress costs if insolvency does occur. The model is estimated using panel data methodology on samples from two European countries (Italy and Germany). The results indicate that the amount of ex-post costs depends on derivative financial instruments, intangible assets, and relation with local banks (small local banks rather than large banking groups).
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Kabir, Md Humayun. "Financial Innovation: Accelerating Financial Inclusion in South Asia." In Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech, 186–209. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-4390-0.ch010.
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Financial innovation and financial inclusion are helping countries to achieve inclusive economic growth by mitigating poverty. The purpose of the chapter is to examine how financial innovation accelerating financial inclusion in South Asian countries. The uses of internet banking, mobile banking, short message service (SMS) banking, electronic banking (e-banking), agent banking, mobile money accounts, and mobile wallet banking is increasing at an increasing rate, which is engaging the unbanked people in the financial systems. The robust growth of the mobile ecosystem in South Asia is contributing broadly to the engagement of financial inclusion. The empirical analysis was done by using data from the Global Financial Inclusion Database (Global Findex) and Global Financial Development Database to see how automated financial products and services are conveniently receiving by the unbanked population. The results of the analysis show that many financial innovations in financial products and services delivery from financial technology is closing gaps in financial inclusion significantly.
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Kabir, Md Humayun. "Financial Innovation: Accelerating Financial Inclusion in South Asia." In Research Anthology on Business Continuity and Navigating Times of Crisis, 1556–81. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-6684-4503-7.ch075.
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Financial innovation and financial inclusion are helping countries to achieve inclusive economic growth by mitigating poverty. The purpose of the chapter is to examine how financial innovation accelerating financial inclusion in South Asian countries. The uses of internet banking, mobile banking, short message service (SMS) banking, electronic banking (e-banking), agent banking, mobile money accounts, and mobile wallet banking is increasing at an increasing rate, which is engaging the unbanked people in the financial systems. The robust growth of the mobile ecosystem in South Asia is contributing broadly to the engagement of financial inclusion. The empirical analysis was done by using data from the Global Financial Inclusion Database (Global Findex) and Global Financial Development Database to see how automated financial products and services are conveniently receiving by the unbanked population. The results of the analysis show that many financial innovations in financial products and services delivery from financial technology is closing gaps in financial inclusion significantly.
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Ahmad, Abu Umar Faruq, and Farrukh Habib. "FinTech-Based Islamic Social Financing Products." In Innovative Strategies for Implementing FinTech in Banking, 67–82. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-3257-7.ch004.
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Although the blockchain is still at its infancy stage, experts have already regarded its impact and effect as the beginning of a new technological revolution, particularly relevant to the financial services sector. There are various institutions offered by Shari`ah, like zakah, waqf, sadaqah, and qard hasan, which exist and are already established, not only in the Islamic juristic literature but also in the Muslim world. However, the role of such institutions has been marginalized due to various factors; hence, they fail to create a big impact at macro level. This chapter will critically analyse the role of fintech in rejuvenating the Islamic social financing products with the main focus on blockchain and smart contracts. It will explore the application and usage of blockchain and smart contracts in the context of zakah, waqf, and qard hasan. It will also serve the purpose of a comprehensive and crucial reference-point for the role of fintech, blockchain and smart contracts vis-à-vis Islamic social financing products.
Conference papers on the topic "Innovative banking product"
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Maulani, Tera Saptina. "Green Banking: A Service Product Innovation In Brand Image Enhancement Through The Marketing Mix." In International Conference on Economics and Banking. Paris, France: Atlantis Press, 2015. http://dx.doi.org/10.2991/iceb-15.2015.7.
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Магомаева, Л. Р., and Д. А. Эбаев. "KEY DETERMINANTS OF INNOVATION IN THE BANKING SECTOR." In «АКТУАЛЬНЫЕ ВОПРОСЫ СОВРЕМЕННОЙ НАУКИ: ТЕОРИЯ, ТЕХНОЛОГИЯ, МЕТОДОЛОГИЯ И ПРАКТИКА». Международная научно-практическая онлайн-конференция, приуроченная к 60-ти летию член-корреспондента Академии наук ЧР, доктора технических наук, профессора Сайд-Альви Юсуповича Муртазаева. Crossref, 2021. http://dx.doi.org/10.34708/gstou.conf..2021.39.54.050.
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Нацеленность современной экономической системы на инновации предопределяет необходимость создания специализированной финансовой инфраструктуры «нового уровня и качества», позволяющей обеспечивать поставленные задачи инновационного развития. Эти обстоятельства в полной мере относятся к банковскому сектору, сбалансированное, устойчивое и нацеленное на положительное эволюционирование функционирование которого находится в зависимости от банковской инфраструктуры, ее количественной и, главное, качественной представленности. В связи с этим, в исследовании приводятся ряд трактовок банковской инфраструктуры, а также определены детерминанты формирования кросс-канальной банковской инфраструктуры, определяющие основные принципы стратегии развития информационных ресурсов при выведении на рынок современных банковских продуктов The focus of the modern economic system on innovation predetermines the need to create a specialized financial infrastructure "of a new level and quality", which allows to ensure theset objectives of innovative development. These circumstances fully relate to the banking sector, balanced, stable and aimed at positive evolution, the functioning of which depends on the banking infrastructure, its quantitative and, most importantly, qualitative representation. In this regard, the study provides a number of interpretations of the banking infrastructure, as well as identifies the determinants of the formation of a cross-channel banking infrastructure, which determine the basic principles of the strategy for the development of information resources when introducing modern banking products to the market.
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Mengshan, Lu. "Research of China Merchants Bank's retail banking CRM strategies." In 2011 6th International Conference on Product Innovation Management (ICPIM). IEEE, 2011. http://dx.doi.org/10.1109/icpim.2011.5983707.
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Elena, Travkina, Grishina Ekaterine, and Kurdyumova Gyuzal. "Development of Innovative Banking Products and Technologies for People with Disabilities." In Proceedings of the 4th International Conference on Economics, Management, Law and Education (EMLE 2018). Paris, France: Atlantis Press, 2018. http://dx.doi.org/10.2991/emle-18.2018.6.
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Bähre, Heike, Giovanni Buono, and Valerie Isabel Elss. "Fintech as a Mean for Digital and Financial Inclusion." In International Conference Innovative Business Management & Global Entrepreneurship. LUMEN Publishing, 2020. http://dx.doi.org/10.18662/lumproc/ibmage2020/15.
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Finance is shaping human relationship from an economic point of view as well as having influences on social structure and politics. In this relation, Fintech, a combination of the words “Finance” and “Technology”, is defined as “a new financial industry that applies technology to improve financial activities" [11] or as those “applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the Internet” [10] or as “any innovative ideas that improve financial service processes by proposing technology solutions according to different business situations, while the ideas could also lead to new business models or even new businesses” [8]. As Bill Gates said “Banking is necessary; banks are not” describing what is happening throughout the financial industry: massive disappearing of traditional jobs, consolidation in the banking industries, robots that advice how to manage and save money. These changes have an impact on the social structure, but also have the potential to systematically promote financial literacy and inclusion. For example Grohmann, Klühs and Menkhoff [7] showed across four indicators of financial inclusion (having a bank account, having a debit card, saving in form of a bank account and the use of the debit card within the last year) that financial literacy is a significant precondition for financial inclusion. To what extent can Fintech applications be used to promote financial literacy and thereby inclusion? And what role do FinTech organizations play in supporting social progress? The aim of the article is to provide a systematic overview of Fintech's potential to promote digital and financial inclusion on diverse levels.
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Xiaoyun, Wu, and Sun Qingyu. "Innovation Mechanism of Customer Participation and New Product Development Stages in Banking: An Empirical Research in B-C." In 2012 International Joint Conference on Service Sciences (IJCSS). IEEE, 2012. http://dx.doi.org/10.1109/ijcss.2012.16.
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Palmieri, Alessandro, and Blerina Nazeraj. "OPEN BANKING AND COMPETITION: AN INTRICATE RELATIONSHIP." In International Jean Monnet Module Conference of EU and Comparative Competition Law Issues "Competition Law (in Pandemic Times): Challenges and Reforms. Faculty of Law, Josip Juraj Strossmayer University of Osijek, 2021. http://dx.doi.org/10.25234/eclic/18822.
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Open banking – promoted in the European Union by the access to account rule contained in the Directive (EU) 2015/2366 on payment services in the internal market (PSD2) – is supposed to enhance consumer’s welfare and to foster competition. However, many observers are fearful about the negative effects of the entry into the market of the so-called BigTech giants. Unless incumbent banks are able to rise above the technological challenges, the risk is that, in the long run, BigTech firms could dominate the market, by virtue of their great ability to collect data on consumer preferences, and to process them with sophisticated tools, such as Artificial Intelligence and Machine Learning techniques; not to mention the possible benefits arising from the cross-subsidisation. This paper aims at analysing the controversial relationship between open banking and competition. In this framework, many aspects must be clarified, such as the definition of the relevant markets; the identification of the dominant entities; the relationship with the essential facility doctrine. The specific competition problems encountered in the financial sector need to be inscribed in the context of the more general debate around access to data in the digital sphere. The evolving scenario poses a serious challenge to regulators, calling them to strike the right balance between fostering innovation and preserving financial stability. The appraisal intends not only to cover EU law and policy, but also to make a comparison with other legal systems. In this respect, something noteworthy is taking place in the United States where, as of today, consumers’ access to financial data sharing has been largely dependent on private-sector efforts. Indeed, Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (passed in the aftermath of the financial crisis of 2008) provides that, subject to rules prescribed by the Bureau of Consumer Financial Protection (CFPB), a consumer financial services provider must make available to a consumer information, in its control or possession, concerning the consumer financial product or service that the consumer obtained from the provider. This provision, which dates back to 2010, has never been implemented. However, on 22 October 2020, the CFBP has announced its intention to regulate open banking, issuing an advanced notice of proposed rulemaking. In light of their investigation, the authors advocate the adaptation of the current strategies to the modified conditions and, in some instances, the creation of novel mechanisms, more suitable to face unprecedented threats.
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Ibrahim, Mazher Hassan, Matt Sinkey, and Thomas Johnston. "State of Art Fracturing Optimization Reduces Water Blockage in Unconventional Gas/Condensate Wells." In SPE Western Regional Meeting. SPE, 2022. http://dx.doi.org/10.2118/209309-ms.
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Abstract Hydraulic fracturing (fracing) is the most effective technique for improving the productivity of gas condensate reservoirs. The water used during fracing creates the conductivity needed for production, however, it will also create water blockage in the path of gas flow. The pressure and flow rate behavior of a gas condensate reservoir is distinctly different from the behavior of a solution gas drive reservoir. The producing rate is not only affected by the pressure gradient but is also a more complex function of the actual value of the flowing bottomhole pressure. Initially, the additional pressure required during flowback is needed to produce the water used during fracturing. The reservoir energy to lift this water to the surface requires more pressure drop around the wellbore. Additionally, unnecessary water used during fracing operations incrementally increases the pressure drop near the wellbore. Increased pressure drop leads the formation to reach the dew point sooner and condensate banking start to build in the fracture system. Increased condensate banking leaves valuable liquid hydrocarbon in the reservoir. Water blockages reduce well productivity and speed up the condensate damage due to the high-pressure drop required. An innovative pattern recognition and machine learning technology was applied in real-time during fracture treatment to increase fracture complexity, improve fracture conductivity, increase diffusion surface area, and improve stage productivity index. This technology focuses on creating the most stimulated fracture surface area per volume of water injected, resulting in the same fracture surface area but with a large reduction in water injected. The reduction of the water leads to an improved well productivity index by minimizing water blockage around the wellbore. Increasing fracture surface area per volume of frac water injected has a positive impact on the post-frac productivity of treated wells by increasing condensate production rates with less drawdown compared with traditional frac designs. In addition, using the optimum water volume has reduced the cost of fracturing operations and the cost of water flow back disposal leading to significant increases in well Net Present Value (NPV). A field case will be presented with condensate performance. The use of real-time fracture optimization technology with the integration of rock and reservoir fluid properties leads to better well performance. Production benefits of increased condensate production result in no reserves being lost-in-place to condensate blockage. Added ESG benefits are reduced superfluous water use, pump time, and water disposal costs.