Digital Technologies’ Implementation within Financial and Banking System during Socio Distancing Restrictions – Back to the Future

International Journal of Advanced Research in Engineering and Technology, 11(6), 2020, pp. 307-315

9 Pages Posted: 28 Jul 2020

See all articles by Dr. Narcisa Roxana Moşteanu

Dr. Narcisa Roxana Moşteanu

Professor Dr. of Finance at Business Administration Department American University of Malta, Bormla, Malta

Dr. Alessio Faccia

Lecturer, Coventry University, Coventry, CV1 5FB UK

Luigi Pio Leonardo Cavaliere

Università di Foggia, Foggia FG 71121 Italy

Saurav Bhatia

American University of Malta, Bormla, BML 1013 Malta

Date Written: July 14, 2020

Abstract

In 2020, the pandemic socio distancing restrictions affect both individuals and businesses. Financial transactions become a little more difficult to be conducted with cash, and online banking transactions are called to help the good development of economic activity. Having in mind that the stance in bank digitalization in each country differs, the paper aims to estimate the level of digitalization of banking sector, as well as reasons and factors determining the actual movements of digital banking. In order to achieve the objective, the paper is structured as follows, elaborates the changes in demand and supply of banking services as result of socio-financial disruption caused by the pandemic situation, financial digitalization and digitalization changes in the banking sector on global level, and the benefits of digitalization for individuals and businesses at the same level. Such approach secures the solid base for determining the measures and further steps for increasing the level of digitalization of the banking sector together with educating the population in the use of new digital technologies.

Keywords: digital finance; online banking services; app-based banking

Suggested Citation

Moşteanu, Dr. Narcisa Roxana and Faccia, Dr. Alessio and Cavaliere, Luigi Pio Leonardo and Bhatia, Saurav, Digital Technologies’ Implementation within Financial and Banking System during Socio Distancing Restrictions – Back to the Future (July 14, 2020). International Journal of Advanced Research in Engineering and Technology, 11(6), 2020, pp. 307-315, Available at SSRN: https://ssrn.com/abstract=3650810

Dr. Narcisa Roxana Moşteanu (Contact Author)

Professor Dr. of Finance at Business Administration Department American University of Malta, Bormla, Malta ( email )

Bormla
Malta

Dr. Alessio Faccia

Lecturer, Coventry University, Coventry, CV1 5FB UK ( email )

Priory Street
Coventry, CV1 5FB
United Kingdom

Luigi Pio Leonardo Cavaliere

Università di Foggia, Foggia FG 71121 Italy ( email )

FG 71121
Foggia
Italy

Saurav Bhatia

American University of Malta, Bormla, BML 1013 Malta ( email )

Bormla
Malta

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