The Bulgarian Banks' competitiveness: the case of Remote banking

The new information technologies adoption and e-commerce emergence change the role of financial intermediaries in new E-conomy. During the last years, the banks have started an expansion to the web – they offer broad range of traditional bank products and services via Internet. The remote banking becomes one of the main channels for bank services distribution. This paper presents results from a research, which aims to describe actual picture of remote banking products and services offered by Bulgarian banks. They are estimated in accordance with the criteria as: web site availability; information for bank products and services available via Internet; online application forms; online banking application; other online/remote services. In spite of the small number of Bulgarian banks, which offer their products and services via Internet, the research shows that Bulgarian banks as a whole are presented in Internet, as well as indicates that banks estimate the potential and competitive advantages of the new medium.Banks, Internet, Online services, Remote banking, E-commerce, Bulgaria

Remote banking technology in the banking system of Ukraine

В статье сформирована фасетно-иерархическая таксономия типов технологий дистанционного банковского обслуживания, которые применяются в коммерческих банках Украины и проведен анализ использования технологий ДБО банками Украины на основании информации, представленной на Интернет-сайтах банков.Facet-hierarchical taxonomy of types remote banking services technologies was formed in the article. Technologies of remote banking services are used by commercial banks of Ukraine. Analysis of information websites of commercial banks about use remote banking services technologies banks of Ukraine was conducted

What Bulgarian Banks offer via Internet: an Overview (v2)

The new information technologies adoption and e-commerce emergence change the role of financial intermediaries in new E-conomy. During the last years, the bank started an expansion to the web – they offer broad range of traditional bank products and services via Internet. The remote banking become one of the main channels for bank services distribution. The Internet expansion of the Bulgarian banks is at its beginning. The showed results are based on the Internet research, which has aimed to describe actual picture of Bulgarian banks present in Internet.Banks, Internet, Online services, Online banking, E-commerce, Bulgaria

Does the Internet Kill the Distance? Evidence From Navigation, E-Commerce, and E-Banking.

By diminishing the cost of performing isolated economic activities in isolated areas, information technology might serve as a substitute for urban agglomeration. This paper assesses this hypothesis by using Italian household level data on internet navigation, e-commerce, and e-banking. Empirically, I find no support for the argument that the internet reduces the role of distance. My results suggest that: (1) Internet navigation is more frequent for urban consumers than their non-urban counterparts. (2) The use of e-commerce is basically not affected by the size of the city where the household lives. Remote consumers are discouraged by the fact that they cannot see the goods before buying them. Leisure activities and cultural items are the only goods and services for which e-commerce is used more intensively in isolated areas. (3) E-banking bears no relationship with city size. In choosing a bank, non-urban customers evaluate personal acquaintances as an important factor more intensively than urban clients. This also depends on the fact that banking account holders in remote areas are more frequently supplied with a loan by their bank.

Internet banking in Russia: history, possibility of modernsystems, and development problems

The article describes the latest bank information technologies, presents MarkswebbRank & Report analytical agency research, the trends in the field of remote banking services. The structure of the most popular operations in the Internet bank is analyzed, and the top-10 banks with the most popular online banking are identified

Giving credit where it's due: the delivery of banking and financial services to Indigenous Australians in rural and remote areas

Australia's financial system is undergoing a period of substantial structural change. A number of interrelated factors are implicated: changes in the competitive forces within the sector, the introduction of new technology, and changing consumer demands. While these changes may have had positive impacts on most consumers, they have had a number of negative impacts, particularly for low-income consumers of financial services and for people located in rural and remote communities. This Discussion Paper (218) and the one following (219) will analyse the proposition that an alternative model for the delivery of financial services or re-regulation of the financial sector is required to protect the interests of low-income groups and, in particular, Indigenous people. The argument is based on an understanding of the impact of the deregulation of the financial sector on the delivery of banking services to low-income groups and to people located in rural and remote communities. Indigenous people make up a significant proportion of both of these groups. It is argued that deregulation has had a profound impact on Indigenous people, both because of their historical lack of equitable access to financial services, and their comparatively low socioeconomic status. Supply of financial services to rural and remote communities within Australia is currently in decline. This paper explores current banking and financial services in the context of Australia's financial system, the current supply of banking and financial services to rural and remote communities, and the impact that the lack of access to these services has on the relatively increasing Indigenous populations of these communities. Work by Westbury has detailed the specific problems faced by Indigenous people in the Barwon-Darling region. These include: the failure of financial providers to take account of the different conceptions that Indigenous people have of financial facilities; the problems caused by the inadequate provision of banking and financial services within the region; · the fact that many Indigenous people do not understand either the way bank fees and charges operate, or how to minimise these fees and charges; and · the low technical proficiency of many Indigenous people. In addition Indigenous people want banking services to be provided on a personal, private, face-to-face basis, by Indigenous staff. If these requirements are to be met, alternatives to the current delivery of banking and financial services to rural and remote Indigenous communities will have to be considered

Innovations in rural and agriculture finance

Most rural households lack access to reliable and affordable finance for agriculture and other livelihood activities. Many small farmers live in remote areas where retail banking is limited and production risks are high. The recent financial crisis has made the provision of credit even tighter and the need to explore innovative approaches to rural and agricultural finance even more urgent. This set of 14 briefs clearly points out the importance of business realities faced by small farmers, including low education levels, the dominance of subsistence farming, and the lack of access to modern financial instruments. These conditions mean that new and innovative institutions are required to reach small farmers. Emerging communication technologies provide new opportunities for rural banking by reducing business costs and alleviating information asymmetries. New financing instruments, such as weather index-based insurance and microinsurance, also have great potential for managing the risks faced by small farmers. In addition, bundling financial services with nonfinancial services like marketing and extension services offers new opportunities for small farmers to increase their productivity and incomes. Finally, an enabling policy environment and legal framework, enforcement of rules and regulations, and a supportive rural infrastructure all contribute immensely to making sustainable access to finance a reality. Table of Contents: •Innovations in rural and agriculture finance: Overview by Renate Kloeppinger-Todd and Manohar Sharma •Financial literacy by Monique Cohen •Community-based financial organizations: Access to Finance for the Poorest by Anne Ritchie •Rural banking in Africa: The Rabobank approach by Gerard van Empel •Rural banking: The case of rural and community banks in Ghana by Ajai Nair and Azeb Fissha •Rural leasing: An alternative to loans in financing income-producing assets by Ajai Nair •Determinants of microcredit repayment in federations of Indian self-help groups by Yanyan Liu and Klaus Deininger •M-PESA: Finding new ways to serve the unbanked in Kenya by Susie Lonie •Biometric technology in rural credit markets: The case of Malawi by Xavier Giné •Credit risk management in financing agriculture by Mark D. Wenner •New approaches for index insurance: ENSO insurance in Peru by Jerry R. Skees and Benjamin Collier •Microinsurance innovations in rural finance by Martina Wiedmaier-Pfister and Brigitte Klein •Combining extension services with agricultural credit: The experience of BASIX India by Vijay Mahajan and K. Vasumathi •Bundling development services with agricultural finance: The experience of DrumNet by Jonathan Campaigne and Tom RauschAgricultural innovations -- Developing countries, agriculture finance, Financial crisis, microinsurance, Poverty reduction, rural banking, Rural finance, Rural households, Small farmers,

The modern market of remote banking services in Ukraine

У статті розглянуто види дистанційних банківських послуг в Україні. Проведено аналіз їх можливостей, переваг та перспектив розвитку.В статье рассмотрены виды дистанционных банковских услуг в Украине. Проведен анализ их возможностей, преимуществ и перспектив развития.The article describes the types of remote banking services in Ukraine. The analysis of their capabilities, advantages and development perspectives is also given

IT component of retail banking

У статті розглянуто значимість технологічної складової сучасного банківського обслуговування фізичних осіб. Автором визначено функціональні особливості розвитку національного ринку банківського обслуговування фізичних осіб через призму впливу світових фінансових інновацій, а також подані класифікаційні ознаки переваг дистанційного банківського обслуговування у порівнянні із традиційним.The article deals with the importance of the technological component in retail banking. The functional features of the development of the national retail banking market in the light of the global financial innovation are identified in the paper. The classification of the remote banking services benefits compared to traditional is presented in the work