Innovation in banking: fusion of artificial intelligence and blockchain
Autor: | R. Vedapradha, Hariharan Ravi |
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Rok vydání: | 2021 |
Předmět: |
Service quality
050208 finance business.industry Service delivery framework media_common.quotation_subject 05 social sciences General Engineering Foreign direct investment Money laundering computer.software_genre Investment banking 0502 economics and business General Earth and Planetary Sciences Quality (business) Artificial intelligence Algorithmic trading General Agricultural and Biological Sciences business computer 050203 business & management Risk management General Environmental Science media_common |
Zdroj: | Asia Pacific Journal of Innovation and Entrepreneurship. 15:51-61 |
ISSN: | 2398-7812 |
DOI: | 10.1108/apjie-09-2020-0142 |
Popis: | Purpose This study aims to analyze the importance of disruptive technological innovations on qualitative service delivery and their impact on the investment banks’ employee performance. Design/methodology/approach The cluster sampling method has been used to collect the primary data from the 250 respondents from foreign investment banks. Variables used are employee performance, service delivery, technology, security, operations, strategy and quality through chi-square, linear stepwise multiple regression analysis and correlation. Findings Storage network, operating cost, client reporting, cloud system and money laundering are the highest and most significant predictors of employee performance. Employee performance multiplies every unit with a strategic solution owing to positive and robust correlation (0.944). Fusion technology-based banks offer quality service to their clients. Originality/value A combination of artificial intelligence and blockchain ensures increasing automation to improve efficiency and reduce the operating cost creating a seamless integration in fraud detection, customer support, risk management, security, digitization and automation process, algorithmic trading, wealth management, etc. |
Databáze: | OpenAIRE |
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