Financial innovations and new tools in finance

A benefit in and of itself is not what makes innovation so valuable. In order to make the company ‘more innovative,’ you might hear someone advise a certain course of action. Additionally, a company’s ability to innovate successfully can serve as a magnet for the best and brightest in the industry. They become steadfast employees who appreciate the opportunity to be part of the company’s innovation efforts. Managing innovation is a systematic strategy to implement changes that aim to improve a company’s products, processes, or overall position. There must be an increase in sales or customer satisfaction, a stronger working relationship between the company’s many divisions, or a better working environment for employees as a result of the changes. Financing innovation refers to the development of new financial products, services, or procedures. Throughout the years, innovations in financial instruments and payment methods have fuelled financial innovation. Bank performance depends on financial innovation because it has the potential to boost the industry’s efficiency and profitability. Banks utilise financial and organisational innovation to save money and improve the sector. Using a cash dispensing machine provides users with an ability to withdraw money whenever and wherever they want. With a single click, you can receive or pay cash via mobile banking. This is a great choice for people who do not feel comfortable going to typical bank offices. With negligible transaction costs, it is one of the most cost-effective ways to evaluate financial services

Elaboración de métricas para la evaluación de usabilidad y seguridad de las interfaces de los ATM

En el Perú el 41% de la población mayor de 18 años se encuentra bancarizada y el 76% de ellos utilizan los ATM. Pero en algunos casos, la interacción entre los usuarios y los ATM puede ser frustrante y presentar inconvenientes. Se han planteado lineamientos y heurísticas específicas para ATM, pero en la actualidad, la industria no utiliza herramientas para medir de manera objetiva aspectos de usabilidad y seguridad en las interfaces de ATM. En ese sentido, el presente trabajo parte de la búsqueda en la literatura de los lineamientos de usabilidad y seguridad de interfaces para ATM y posteriormente la búsqueda de métricas para softwares bancarios para combinarlas con las métricas de usabilidad y seguridad de la ISO25000 y elaborar una propuesta de métricas específicas para la evaluación de interfaces de ATM. Esta propuesta de métricas se enriqueció considerando la información obtenida en entrevistas y encuestas a expertos en diseño y del dominio, obteniendo como resultado final 23 métricas de usabilidad y 12 métricas de seguridad de interfaces. Luego de adaptar las métricas a un formato apto para facilitar el llenado de datos por parte de un evaluador, la propuesta de métricas fue validada mediante 20 test de usuarios en un laboratorio de ATM, evaluando el flujo de retiro en ATM de los 4 principales bancos del Perú; llegando a la conclusión que las 35 métricas satisfacen las necesidades expresadas por las personas que trabajan relacionados al diseño y desarrollo de interfaces de ATM.Tesi

Consumer Intentions to Use Electronic Banking Channels: The Role of Task-Channel Fit

The increase in electronically mediated self-service technologies in the banking industry is changing the way banks service consumers. Despite a large body of research on electronic banking channels, no study has been undertaken to explore the importance of the fit between electronic banking channels and banking tasks. Nor has there been research into how task-channel fit and other factors influence consumer intentions to use electronic banking channels. Integrating task-technology fit theory with acceptance and adoption research, this research develops and tests a research model that explains how the task-channel fit (TCF) and other factors impact on consumers' intentions to use electronic banking channels. An exploratory study was first conducted, investigating industry experts' perceptions towards the concept of task-channel fit of electronic banking channels. The findings demonstrate that the concept was perceived as being highly relevant by bank managers. A research model was then developed drawing on the existing literature on electronic banking channels. Following this, five exploratory focus groups were conducted in order to assess the initial conceptualization of the research model. Subsequently, a survey questionnaire instrument was developed using judgment rounds and two pretest evaluations. Central to the scale development was the measurement of the TCF construct. Drawing on IS strategy and alignment literatures, a parallel instrument was created in order to determine TCF across several unique dimensions. A pilot study assessed responses from 280 consumers using Internet banking for two different banking tasks. Overall, the scales demonstrated high reliability and showed adequate construct validity. The analysis of the pilot study suggested that the TCF construct and other antecedents of consumer intentions to use Internet banking explained a substantial amount of variance in the dependent variable. The scales were refined in light of the pilot study. In the main study, 340 responses were collected from consumers using Internet banking for account inquiries or financial loans. The results showed that the TCF construct was a strong predictor of consumers' perceptions on the usefulness of Internet banking and their attitudes towards these services for both banking tasks. Overall, the TCF construct and other identified variables accounted for at least 63% of variance in the dependent variable