Related papers: The Effects Of Computerizing Banking Operations
As more business activities are being automated and an increasing number of computers are being used to store vital and sensitive information the need for secure computer systems becomes more apparent. These systems can be achieved only…
Computational Law has begun taking the role in society which has been predicted for some time. Automated decision-making and systems which assist users are now used in various jurisdictions, but with this maturity come certain caveats.…
The introduction of point of sales POS technologies as a payment system was welcoming and constitutes one of the major breakthroughs in the efforts made to rejuvenate the global financial systems. However, like other information technology…
We employ the mathematical programming approach in conjunction with the graph theory to study the structure of correspondent banking networks. Optimizing the network requires decisions to be made to onboard, terminate or restrict the bank…
This is a short position paper drawing on experience working with the UK banking industry and their disabled and ageing customers in the Business Disability Forum, a UK non-profit member organisation funded by a large body of UK private and…
The rapid advancements in artificial intelligence (AI) have presented new opportunities for enhancing efficiency and economic competitiveness across various industries, espcially in banking. Machine learning (ML), as a subset of artificial…
Mechanism design is now a standard tool in computer science for aligning the incentives of self-interested agents with the objectives of a system designer. There is, however, a fundamental disconnect between the traditional application…
The financial services industry is rapidly changing. Factors such as globalization, deregulation, mergers and acquisitions, competition from non-financial institutions, and technological innovation, have forced companies to re-think their…
The city has proven to be the most successful form of human agglomeration and provides wide employment opportunities for its dwellers. As advances in robotics and artificial intelligence revive concerns about the impact of automation on…
Computational problems are classified into computable and uncomputable problems. If there exists an effective procedure (algorithm) to compute a problem then the problem is computable otherwise it is uncomputable. Turing machines can…
In today's era of innovation of technological progression, digitalisation has not only transformed individual lives but also has a prominent influence on business activities. The world is surviving in a global yet complex technological…
We describe the Turing Machine, list some of its many influences on the theory of computation and complexity of computations, and illustrate its importance.
A computer which has access to a closed timelike curve, and can thereby send the results of calculations into its own past, can exploit this to solve difficult computational problems efficiently. I give a specific demonstration of this for…
Quantum computation is a rapidly progressing field today. What are its principles? In what sense is it distinct from conventional computation? What are its advantages and disadvantages? What type of problems can it address? How practical is…
We discuss quantum information processing machines. We start with single purpose machines that either redistribute quantum information or identify quantum states. We then move on to machines that can perform a number of functions, with the…
Quantum computing is a rapidly developing field in the second wave of quantum development, with the potential to revolutionize a wide range of industries and fields of study. As the capabilities of quantum computers continue to advance,…
With the great success in simulating many intelligent behaviors using computing devices, there has been an ongoing debate whether all conscious activities are computational processes. In this paper, the answer to this question is shown to…
We discuss the usefulness of quantum cloning and present examples of quantum computation tasks for which cloning offers an advantage which cannot be matched by any approach that does not resort to it. In these quantum computations, we need…
Foreign exchange and credit derivatives increase the bank's contributions to systemic risk. Interest rate derivatives decrease it. The proportion of non-performing loans over total loans and the leverage ratio have stronger impact on…
This study suggests a new decomposition of the effect of Foreign Direct Investment (FDI) on long-term growth in developing countries. It reveals that FDI not only have a positive direct effect on growth, but also increase the latter by…