FINANCIAL AND ACCOUNTING INFORMATION SYSTEMS INTEROPERABILITY

The current economic developments have led to substantial changes in terms of how thefinancial and accounting activities are carried. The business environment can be characterized by awidespread consolidation of companies and their grouping in holding companies. Thus, the focus ison consolidation the financial data, and the integration and interoperability of the financial andaccounting applications and also the integrated information systems have a major significance. Withthe development of the Internet, the architecture of the informatics applications has really beenaffected, this resulted in substantial changes in how the solutions are distributed and accessed aswell. The present paper analyses and provides viable solutions for the use of the technologieswhich are applied in the interoperability of the financial and accounting information systems, in thecontext of economic activity globalization. The dynamism and economic processes development in thenew context have generated important researches in the informatics field which had resulted insimplifying the access way to applications (by simply using a Web browser) and also developing theinterconnecting technologies for the financial and accounting information systems – theirinteroperability represents, in fact, the Keyword.On this economic scenery, the financial and accounting information systems become very importantsolutions to integrate different business applications and also to offer a complete perspective for allthe business.SOA (Service Oriented Architecture), Informational Integrated Systems, XML (eXtended MarkupLanguage), Visual Studio .NET, Web Services

XBRL

XML (eXtensible Markup Language), with wide-ranging applications in business and other applications, is hailed as a revolutionary advance in data transfer and information identification on the Internet. This tutorial explores XML applications in business transactions and then focuses on XBRL (eXtensible Business Reporting Language). XBRL is an application of XML in financial reporting. XBRL uses accepted financial reporting standards, and allows automatic exchange and reliable extraction of financial statements across all software and technologies. XBRL includes a well-defined dictionary of markups and is supported by many supplementary technologies. This tutorial explores the following aspects of XBRL: markups, documents and schemas; transformation and processing technologies that support XBRL; tools and software that enable real-world implementation of the language; and audit and control issues associated with XBRL

GeoCoin:supporting ideation and collaborative design with location-based smart contracts

Design and HCI researchers are increasingly working with complex digital infrastructures, such as cryptocurrencies, distributed ledgers and smart contracts. These technologies will have a profound impact on digital systems and their audiences. However, given their emergent nature and technical complexity, involving non-specialists in the design of applications that employ these technologies is challenging. In this paper, we discuss these challenges and present GeoCoin, a location-based platform for embodied learning and speculative ideating with smart contracts. In collaborative workshops with GeoCoin, participants engaged with location-based smart contracts, using the platform to explore digital `debit' and `credit' zones in the city. These exercises led to the design of diverse distributed-ledger applications, for time-limited financial unions, participatory budgeting, and humanitarian aid. These results contribute to the HCI community by demonstrating how an experiential prototype can support understanding of the complexities behind new digital infrastructures and facilitate participant engagement in ideation and design processes

US development and commercialization of a North American mobile satellite service

U.S. policies promoting applications and commercialization of space technology for the 'benefit of mankind,' and emphasis on international competitiveness, formed the basis of NASA's Mobile Satellite (MSAT) R&D and user experiments program to develop a commercial U.S. Mobile Satellite Service. Exemplifying this philosophy, the MSAT program targets the reduction of technical, regulatory, market, and financial risks that inhibit commercialization. The program strategy includes industry and user involvement in developing and demonstrating advanced technologies, regulatory advocacy, and financial incentives to industry. Approximately two decades of NASA's satellite communications development and demonstrations have contributed to the emergence of a new multi-billion dollar industry for land, aeronautical, and maritime mobile communications via satellite. NASA's R&D efforts are now evolving from the development of 'enabling' ground technologies for VHF, UHF, and L-Band mobile terminals, to Ka-Band terminals offering additional mobility and user convenience

Developments, Issues, and Initiatives in Retail Payments

Innovations in basic information technologies, in payment applications, and in the availability of global markets, as well as substantial changes in financial sector policy, have fundamentally changed how the retail payments system in Canada operates. Principally, the volume and types of electronic payments have grown, and there is increased participation by diverse groups of financial and non-financial institutions as providers of retail payment services. The resulting policy problem for payment systems is how best to benefit from efficiency gains while managing payment risks. O'Connor examines the effect of the technological and legislative changes and the initiatives developed by the public and private sectors in such areas as the market arrangements for services; customer risks and costs for settling large-value retail payments; the security of payment information and the efficiency with which it is transmitted; and the effects of differing regulatory regimes on competition among providers of retail payment services.

myTrustedCloud: Trusted cloud infrastructure for security-critical computation and data managment

Copyright @ 2012 IEEECloud Computing provides an optimal infrastructure to utilise and share both computational and data resources whilst allowing a pay-per-use model, useful to cost-effectively manage hardware investment or to maximise its utilisation. Cloud Computing also offers transitory access to scalable amounts of computational resources, something that is particularly important due to the time and financial constraints of many user communities. The growing number of communities that are adopting large public cloud resources such as Amazon Web Services [1] or Microsoft Azure [2] proves the success and hence usefulness of the Cloud Computing paradigm. Nonetheless, the typical use cases for public clouds involve non-business critical applications, particularly where issues around security of utilization of applications or deposited data within shared public services are binding requisites. In this paper, a use case is presented illustrating how the integration of Trusted Computing technologies into an available cloud infrastructure - Eucalyptus - allows the security-critical energy industry to exploit the flexibility and potential economical benefits of the Cloud Computing paradigm for their business-critical applications

The 'credit scoring pandemic' and the European vaccine: Making sense of EU data protection legislation

Copyright @ 2010 The Author. This article is available open access through the publisher’s website at the link below.This article explores credit scoring systems as a tool used by the credit industry to evaluate consumers’ credit applications and creditworthiness within the context of the EU. After an analysis of the technologies and techniques behind the scoring of individuals, it investigates the most relevant issues behind the reporting of consumer financial information, i.e. the prejudicial side of sharing people's reputation exacerbated by ever-advancing information technologies and the disrespect of the privacy of consumers. This is put in context with an analysis of the values that the right of informational privacy protects and the dangers that data protection legislation aims to prevent. Ultimately, this article aims at showing that a correct application of the existing EU data protection legislation should prevent, or at least repair, the flaws of the uses of credit scoring and concerns over the respect of established privacy rights

Electronic accounting Applications using Cloud Computing technology

Todays’ electronic accounting have become dependent on the information technologies and communication (IcTs) to support processes, business, functions and financial activities technology acts as a major requisite.One of these technologies is acloud computing which has changed the ways we exchange financial information and presentation of this interpreted and analyzed financial data to the end user or the client. cloud computing has a great role in mounting the heights on which e_accounting, cloud computing has helped the facades of business functions particularly e_accounting in achieving flexibility and efficiency like never before. The electronic accounting has again played its role in giving new dimensions to these business functions via the Cloud Computing. E_accounting applications going to move from the desktop into the cloud computing, wheree_accounting applications and accounting books are hosted on a “cloud” consisting of thousands of computers and servers this can gain many benefits for e_accounting application also faces many problems

Big Data and Artificial Intelligence in Digital Finance

This open access book presents how cutting-edge digital technologies like Big Data, Machine Learning, Artificial Intelligence (AI), and Blockchain are set to disrupt the financial sector. The book illustrates how recent advances in these technologies facilitate banks, FinTech, and financial institutions to collect, process, analyze, and fully leverage the very large amounts of data that are nowadays produced and exchanged in the sector. To this end, the book also describes some more the most popular Big Data, AI and Blockchain applications in the sector, including novel applications in the areas of Know Your Customer (KYC), Personalized Wealth Management and Asset Management, Portfolio Risk Assessment, as well as variety of novel Usage-based Insurance applications based on Internet-of-Things data. Most of the presented applications have been developed, deployed and validated in real-life digital finance settings in the context of the European Commission funded INFINITECH project, which is a flagship innovation initiative for Big Data and AI in digital finance. This book is ideal for researchers and practitioners in Big Data, AI, banking and digital finance

Assessing the Role of Mobile Banking Applications in Creating Brand Loyalty among the Consumers of Commercial Banks

The Internet is transforming the world and abruptly revolutionizing every field of life. Due to rampant advancement in internet technologies, the world is getting shrunk into the pocket and the concept of distances has been evoked. Advancement in the internet has given birth to many other distinguished technologies such as artificial intelligence, the internet of things, and metaverse, and these inventions have revolutionized the whole technological scenario In this modern era and especially after the pandemic COVID-19 world has shifted to smart technologies and the use of mobile banking applications has been boosted, Mobile Banking Applications are like a virtual bank where customers can experience the quality of banking services through the interface of applications. In this current research, we will try to root out how mobile applications create brand loyalty among the consumers of commercial banks in Bahawalpur. Key Words: Mobile Banking, Brand Loyalty, Artificial Intelligence, Commercial Banks, Loyalty Schemes, Financial Application