Sustainability in the Banking Industry Through Technological Transformation

Starnawska, Sylwia E.

doi:10.1007/978-3-030-42412-1_22

Cited by 9 publications

(4 citation statements)

References 27 publications

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“…The banking industry and other fintech organizations provide this service to the Government, organizations, and general public. The inclusion of the latest trends and technologies is on the rise in this sector compared to other smart cities [276]. The provision of smart services to the residents is the basic philosophy of smart life in a smart city, and financial services are the basic unit of this philosophy.…”

Section: Smart Economymentioning

confidence: 99%

Future smart cities: requirements, emerging technologies, applications, challenges, and future aspects

Javed

Shahzad

Rehman

et al. 2022

Cities

317

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Section: Smart Economymentioning

confidence: 99%

Future smart cities: requirements, emerging technologies, applications, challenges, and future aspects

Javed

Shahzad

Rehman

et al. 2022

Cities

317

View full text Add to dashboard Cite

“…New agile workflows and strategies are required to drive the digital culture. Sustainable growth aids the process of digital transformation and generates the value-added resources for the clients [47]. Against this backdrop, it will be worthwhile to examine whether digitalisation is a multi-dimensional construct, consisting of digital culture, digital technology, and digital skillsets.…”

Section: Theoretical Lens and Hypotheses Developmentmentioning

confidence: 99%

Scaling Up Banking Performance for the Realisation of Specific Sustainable Development Goals: The Interplay of Digitalisation and Training in the Transformation Journey

Bahl,

Kiran,

Sharma

2023

Sustainability

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The main purpose of this study was to examine how digitalisation with a mediating role of training influences banking performance and further how banking performance helps in realisation of specific sustainable development goals (SDGs). Data were gathered from 402 employees from public, private, and foreign sector banks. Digital culture, digital technologies, and digital skillsets are the sub-scales of digitalisation. For training, three types of training (on the job training, off the job training, and special training) were considered. Banking performance was measured through balanced score card covering customer, financial, internal business process, and innovation and learning perspective. This study considered SDG1: eradication of poverty; SDG5: gender equality; and SDG8: economic growth and decent work. Partial Least Square-Structural Equation Modelling was used to examine relationship among digitalisation, training, banking performance, and the realisation of specific sustainable development goals (SDG1, SDG5, and SDG8). The results highlighted that digitalisation has a positive association with training and with banking performance (with β values of 0.692 and 0.531). The direct effect of digitalisation on banking performance (with β value is 0.316) was significant; however, the effect was enhanced when training was used as a mediating variable between digitalisation and banking performance (β: 0.367). Furthermore, the results suggest that banking performance has a positive association with realisation of specific SDGs (β: 0.867). In the designed model, it can be seen that the predictors (digitalisation and training) explained 61.1 percent of banking performance. This paper, by combining digitalisation and training with banking performance, provided an integrated approach to contribute towards the realisation of sustainable development goals (SDG1, SDG5, and SDG8). The final integrated model with digitalisation, training, and banking performance as predictors explained 75.6% of variation in exogenous variable, i.e., the realisation of specific SDGs. The results indicate an important role of digitalisation and training in scaling up banking performance for the realisation of specific SDGs.

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“…The emergence of online banking has revolutionized how financial transactions are conducted, moving from physical branches to virtual platforms, thereby offering unprecedented convenience and accessibility to users. Starnawska (2021) explores the technological advancements that have driven the banking sector into the era of digitalization. The integration of mobile apps, biometric verification, artificial intelligence (AI), machine learning (ML) and blockchain has streamlined operations and improved the security and effectiveness of financial services.…”

Section: Introduction 1examination Of the Evolving Online Banking Lan...mentioning

confidence: 99%

Cybersecurity risks in online banking: A detailed review and preventive strategies applicatio

Adedoyin Tolulope Oyewole,

Chinwe Chinazo Okoye,

Onyeka Chrisanctus Ofodile

et al. 2024

World J. Adv. Res. Rev.

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In an era where the digital transformation of the banking sector intersects with the escalating complexity of cyber threats, this paper endeavors to dissect the multifaceted realm of cybersecurity within the banking industry. With a backdrop of increasing online banking adoption and the concomitant rise in cybercrime, the study aims to illuminate the current cybersecurity landscape, evaluate the efficacy of existing frameworks and propose strategic enhancements to fortify digital defenses. Employing a methodological amalgam of literature review and analysis of recent cybersecurity incidents, this investigation delves into the intricacies of cyber threats, the financial repercussions of breaches and the robustness of current cybersecurity measures in banking. The scope of this paper encompasses a comprehensive examination of recent cyber incidents, an assessment of the financial impact of cyber-attacks, an evaluation of the effectiveness of existing cybersecurity frameworks and the formulation of strategic recommendations for bolstering cybersecurity measures. Through this scholarly inquiry, key findings emerge, highlighting the critical need for dynamic cybersecurity strategies that integrate advanced technologies, promote regulatory compliance and foster a culture of cybersecurity awareness. Conclusively, the study posits that the banking sector must embrace a holistic and adaptive approach to cybersecurity, underscored by strategic investments in technology, education, and collaboration. Recommendations advocate for the integration of Big Data analytics, artificial intelligence and continuous risk assessment methodologies to navigate the evolving cyber threat landscape effectively. This paper serves as a clarion call to banking institutions, urging a reinvigorated commitment to cybersecurity resilience in safeguarding financial assets and customer trust against the backdrop of digital transformation.

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Sustainability in the Banking Industry Through Technological Transformation

Cited by 9 publications

References 27 publications

Future smart cities: requirements, emerging technologies, applications, challenges, and future aspects

Future smart cities: requirements, emerging technologies, applications, challenges, and future aspects

Scaling Up Banking Performance for the Realisation of Specific Sustainable Development Goals: The Interplay of Digitalisation and Training in the Transformation Journey

Cybersecurity risks in online banking: A detailed review and preventive strategies applicatio

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