Re-shaping Financial Mechanisms in the Context of Technological Innovation

Date
2020
Authors
Chaouch, Yasmina
Elshareif, Elgilani
Lewis, Alfred
Journal Title
Journal ISSN
Volume Title
Publisher
Association for Computing Machinery
Abstract
This paper discusses the ability of technology to reshape and enhance some financial mechanisms in the Banking industry for example in terms of operational dynamics and the strategy formulation process. We further investigate circumstances under which banks' different segments can be affected by advances in technological potential compared to the customary banking processes and traditions. There are two major limitations of the traditional financial money arbitrage transaction systems, the time factor and resultant high level of potential foreign exchange risk and overall risk exposure. The proposed new system centers on currency arbitrage transactions and currency exchange transactions along with the high volume of currency trading. The objective of the new proposed system is to assess the quality and power of electronic business processes within the financial-Tech industry. We expect the new proposed model to be more productive in terms of minimizing the time factor and risk. © 2020 ACM.
Description
This article is not available at CUD collection. The version of scholarly record of this article is published in ACM International Conference Proceeding Series (2020), available online at: https://doi-org.ezp.cud.ac.ae/10.1145/3377571.3377632
Keywords
arbitrage, e-platform, Financial mechanisms, new proposed system, technological innovation, Banking, E-learning, Electronic assessment, Electronic commerce, Risk management, Banking industry, Currency exchange, Currency trading, Electronic business, Foreign exchange, Strategy formulations, Technological innovation, Transaction systems, Electronics industry
Citation
Chaouch, Y., Elshareif, E., & Lewis, A. (2020, January). Re-shaping Financial Mechanisms in the Context of Technological Innovation. In Proceedings of the 2020 11th International Conference on E-Education, E-Business, E-Management, and E-Learning (pp. 377-379). https://doi-org.ezp.cud.ac.ae/10.1145/3377571.3377632