Blockchain Technology for the Mutual Fund Industry

Manda, Vijaya Kittu; Rao, S. S. Prasada

doi:10.2139/ssrn.3276492

Cited by 6 publications

(1 citation statement)

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“…It receives and reviews reports on the risk profile of a central bank and inter-bank market participants'' [16]. A large number of auditing processes believed to be simplified or even eliminated by automation of the audit trail on blockchain [72].…”

Section: ) Audit Trailmentioning

confidence: 99%

Blockchain Application for Central Banks: A Systematic Mapping Study

2020

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Blockchain is a novel technology capturing the attention of Central Banks and a technology with significant disruptive potential. However, a gap in research effort between practitioners and academics seems to have emerged. This paper analyses and maps that gap by exploring trends in peer-reviewed research contributions through thematic categorisation of academic literature on Distributed Ledger Technology (DLT) use-cases for services, operations and functions performed by central banks. Furthermore, this paper provides summaries of opportunities and challenges for central banks arising from blockchain adaptation to each of those use-cases. To achieve this goal, we utilise a Systematic Mapping Study approach. The paper presents an in-depth assessment of statistical and thematic analysis of research maturity and the types of researchers, with specific emphasis on types of central bank use-cases considered for blockchain adaptation. Our work contributes to an understanding of where the most or least attention is directed, allowing for identification of gaps and opportunities for both academics, practitioners and combinations of each. Results show that the research topic is a comparatively new domain. It confirms the gap between depth and volume of the research provision from industry and academia, with industry leading the trend. Our study also found that the most research-intensive use-cases are those for: 1) Central Bank issued Digital Currency (CBDC), 2) Regulatory Compliance and 3) Payment Clearing and Settlement Systems (PCS) operated by central banks; a comparatively low engagement was found in the areas of 4) Assets Transfer/Ownership and 5) Audit Trail.

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Section: ) Audit Trailmentioning

confidence: 99%

Blockchain Application for Central Banks: A Systematic Mapping Study

2020

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Investor’s Perception Towards Mutual Fund Investing on the Rise of Digitalization in Indian Mutual Fund Industry

Raj¹

2020

IFIP Advances in Information and Communication Technology

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Technological advancement has been playing an essential role in the development of any sector. Even mutual fund industries are more exposed to the advent in the field of financial technology. Advancement in the FinTech arena has been witnessed in every aspect of the mutual fund industry. Asset Management Companies (AMC's) are started using robotics to increase their efficiency of fund management and ease their transaction processing or customer servicing. Investors can access the information online, track or redeem their investment any time of the day. Unified Payments Interface (UPI) and Electronic Clearing Services (ECS) are the online modes of payment facilities adopted by most fund houses. Association of Mutual Fund India (AMFI) has been consistently deploying considerable efforts to ensure that every investor has sufficient information to make informed decisions. Even the Know Your Customers (KYC) process has been completed online and more superficial than earlier days. In this paper, an effort has been made to understand the importance of Mutual Fund investments, the awareness among different investors about the mutual fund, the impact of Digitalization on mutual fund investment, and the information availability to every investor related to the mutual funds.

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