8,962 research outputs found
Moving forward: Emerging themes in financial services technologiesâ adoption
© 2015 by the Association for Information Systems. Financial services technologies (FST) are core to the continuous transformation of financial services organizations (FSO). To date, however, there has been a lack of empirical research into FST adoption against the backdrop of the recent financial crisis. In this paper, we re-examine how FSO are currently positioned to take advantage of emerging FST. Note that, in this paper, we look forward rather than provide a commentary on the state of the art in technology adoption research. We conducted this research by applying an exploratory qualitative study method: we analyzed interview transcripts from thirty recent interviews of FSO technology executives and CIOs by using a thematic network analysis tool. This analysis uncovered nineteen basic, eight organizing, and two global FST adoption research themes along with their links to FST adoption objectives, challenges, customer centricity, human resources, outsourcing, and overall IT strategy maintenance. This research has both practical and theoretical research implications and serves as a resource base for FSO and researchers to set future research priorities and directions. We intend for the emerging themes that we present in this paper to facilitate research directions by shedding light on the areas of greatest value and potential return in FST adoption
An exploratory study assessing the role cloud computing has in achieving strategic agility with the banking industry
This paper will seek to assess the role of Cloud
computing in achieving strategic agility within the
UK banking sector and provides implications on how
organizations in the banking sector can become more
agile in their operations. Previous research has shed
light on how using Cloud technology can enhance an
organizationâs innovation, which is a key factor in
any rapidly changing sector. In order to assess the
role Cloud technology has on achieving strategic
agility in the banking sector, we identify the
facilitators or barriers to achieving strategic agility
successfully. An exploratory research design is
adopted since there is little or no similar research in
this area
Overcoming Cloud Concerns with Trusted Execution Environments? Exploring the Organizational Perception of a Novel Security Technology in Regulated Swiss Companies
Trusted execution environments are a new approach for isolating data, specific parts of code, or an entire application within untrusted cloud environments. This emerging security technology could also enable the migration to cloud infrastructures for organizations working with highly sensitive data. As current research does not address the organizational perception of trusted execution environments (TEEs), we conducted an explorative study to clarify the technological, environmental, and organizational views on this technology by health care, life sciences, and banking companies in Switzerland. The interview findings show that in these industries, missing technological knowledge as well as privacy and process regulation are perceived to be the most critical driver for organizational adoption of TEEs. The identified low intrinsic motivation to adopt novel technologies permits us to conclude that clarifying the regulatory impact of TEEs could drive future adoption by organizations
Cloud-Computing in Banking Influential Factors, Benefits and Risks from a Decision Maker\u27s Perspective
In 2008 Gartner Group listed Cloud-Computing (CC) in its Hype-Cycle (Gartner, 2008). Since these days, enterprises in different industries discuss the utilization of cloud-computing for their own benefit.
The banking industry traditionally is heavily dependent on information technology. Therefore, it can be assumed that cloud-computing could be of particular interesting for banks. This paper investigates the use of cloud-computing in German banks and the associated benefits and risks as senior management perceives them. Grounded in the TOE-Framework ten expert interviews with senior decision makers German banks have been conducted to evaluate the decision criteria pro and con cloud computing.
Several factors influencing the cloud-computing decision have been detected, amongst them the technology supporting infrastructure, government regulations and security and compliance requirements. Furthermore the financial benefits came up as the most important perceived benefit and government regulation (esp. privacy/security regulations) are the most important risks perceived by senior management
ERP implementation methodologies and frameworks: a literature review
Enterprise Resource Planning (ERP) implementation is a complex and vibrant process, one that involves a combination of technological and organizational interactions. Often an ERP implementation project is the single largest IT project that an organization has ever launched and requires a mutual fit of system and organization. Also the concept of an ERP implementation supporting business processes across many different departments is not a generic, rigid and uniform concept and depends on variety of factors. As a result, the issues addressing the ERP implementation process have been one of the major concerns in industry. Therefore ERP implementation receives attention from practitioners and scholars and both, business as well as academic literature is abundant and not always very conclusive or coherent. However, research on ERP systems so far has been mainly focused on diffusion, use and impact issues. Less attention has been given to the methods used during the configuration and the implementation of ERP systems, even though they are commonly used in practice, they still remain largely unexplored and undocumented in Information Systems research. So, the academic relevance of this research is the contribution to the existing body of scientific knowledge. An annotated brief literature review is done in order to evaluate the current state of the existing academic literature. The purpose is to present a systematic overview of relevant ERP implementation methodologies and frameworks as a desire for achieving a better taxonomy of ERP implementation methodologies. This paper is useful to researchers who are interested in ERP implementation methodologies and frameworks. Results will serve as an input for a classification of the existing ERP implementation methodologies and frameworks. Also, this paper aims also at the professional ERP community involved in the process of ERP implementation by promoting a better understanding of ERP implementation methodologies and frameworks, its variety and history
Fintech and Its Potential Impact on Islamic Banking and Finance Industry: A Case Study of Brunei Darussalam and Malaysia
Fintech is growing at an exponential rate which leads to the emergence of innovative business models. Advanced technologies like Blockchain, internet of things (IoTâs), artificial intelligence (AI), and robotics have become mature enough to create disruption in banking and finance industry both conventional and Islamic finance industry. Brunei Darussalam and Malaysia, both, offer wide range of Shari'a compliant services. The main purpose of this study is to investigate the potential impact of Fintech on the Islamic banking and finance industry in Brunei and Malaysia. Accordingly, this research deals with the qualitative method to accomplish and fulfill the research objectives. Content analysis and Semi-structured interview approach were employed throughout the research. The results clearly show that Fintech has great potential impact on both conventional and Islamic finance industry. This potential impact is in both ways i.e. positive and negative. And, the response and reaction of Islamic finance industry towards the emergence of Fintech and its potential impact seems very slow as compared to their conventional counterparts. This study has indicated important points which include the necessity for the Islamic financial institution to cope with the growth of Fintech
On the Relevance of Security Risks for Cloud Adoption in the Financial Industry
For financial institutions as âheavy usersâ of Information Technology (IT), the promises of cloud computing â most notably, increased flexibility and reduced provisioning cost â are tempting. However, moving data and applications from a confined internal IT infrastructure to an external, shared cloud poses multiple new security issues. This paper provides an assessment of the relevance of selected issues, based on interviews with 12 representatives of financial institutions. Our results indicate that despite technical advancement and legal arrangements, certain security issues are likely to remain important inhibitors for the adoption of cloud computing by financial institutions
Assessing the role of cloud computing in the strategic agility of banking
This manuscript assesses the role of a relatively new technology âcloud computingâ in achieving strategic agility within the UK banking sector. While there is research on how âcloudâ can enhance innovation capacity, there is little on the implications for strategic agility - an increasingly important topic in the IS/IT literature (Doz and Kosonen, 2010). Mell and Grance (2010) define cloud as: âa model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources (e.g., networks, servers, storage, applications, and services) that can be rapidly provisioned and released with minimal management effort or service provider interaction.â Such new technologies have accelerated global competition per se and as a result organizations must be able to rapidly adapt their strategies as well as their operations; agility is âcascadingâ up the organization from operations to C-Suite. Banking is no exception (Baskerville et al., 2005) and given the industryâs reputation for conservatism, we felt this was ripe for study since cloud and strategic agility are in tension with the industryâs usual pace of change. According to Lewis et al. (2014) organizational survival today very much depends on strategic agility, which in brief involves flexible and mindful responses to constantly changing environments. Our question is whether cloud enables or constrains such responses. According to Doz and Kosonen (2010) there are three dimensions to strategic agility: (i) Strategic sensitivity; (ii) Leadership unity; (iii) Resource fluidity. Can cloud deliver on all three dimensions for banking? We set out to explore these questions
A Conceptual Framework of Cloud-Based Mobile-Retail Application for Textile Cyberpreneurs
Cloud-based m-retail application is commonly used by internet retailers and cyberpreneurs for conducting online business operations. The emergence of third-party e-commerce platforms along with incentives from Malaysian government has easily enabled the utilization of mobile marketplace app among both Malaysian sellers and customers. As m-retail has just started to gain attention in Malaysia, more works must be done to overcome the academic research limitations in terms of technological and non-technological perspectives. Meanwhile, textile and apparel products are among the most popular to be sold via the internet in addition to the growing number of related businesses. The uses of latest technology such as cloud-based mobile-retail application may help business owners to sustain for business survival. In designing a mobile applications for specific users, a thorough investigation must be performed. A conceptual framework of the apps might be helpful in providing a general overview of required elements for developing a successful mobile-retail applications. Extensive literature reviews, qualitative analysis, interviews and questionnaires have been conducted in designing and validating the proposed framework. The analysis results shows mean values from the survey are > 3.5 for the core element variables in this research. Thus, the statistical analysis validation results indicates the importance of the element as the fundamental component for the proposed framework. Therefore, this paper intends to propose a conceptual framework of cloud-based mobile-retail application specifically to be used by textile cyberpreneurs which might be helpful for related key players
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