Research on digital transformation of banking industry must be associated with digital economy, digital society, green economy in Vietnam

The development of banking is an important factor in the economic development of the country and there have been many changes in the banking industry. These changes can be attributed to the development of technology: the popularity of mobile phones, the ability to access the Internet anytime, anywhere, the rapidly developing digital banking system... In the past few years, the finance - banking industry has been going through an important digital transformation period. However, in the strong development trend of technology, the banking system also faces many challenges, requiring a stronger transformation to be able to grasp digital technology trends, thereby applying and improving the quality of its products and services, making financial services more available, competitive and cost-effective. The purpose of this article is to provide an overview of technology trends in banking, challenges and make some recommendations. Keywords: Digital Transformation, Banking Industry, Digital Economy.

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Publication Details

Journal
International Journal of Advanced Economics
Published
2024-11-19
DOI
https://doi.org/10.51594/ijae.v6i11.1717
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Research on digital transformation of banking industry must be associated with digital economy, digital society, green economy in Vietnam

Dinh Mai Thanh
International Journal of Advanced Economics
FinTech, Crowdfunding, Digital Finance
article

Research on digital transformation of banking industry must be associated with digital economy, digital society, green economy in Vietnam

Dinh Mai Thanh
article en

Abstract

The development of banking is an important factor in the economic development of the country and there have been many changes in the banking industry. These changes can be attributed to the development of technology: the popularity of mobile phones, the ability to access the Internet anytime, anywhere, the rapidly developing digital banking system... In the past few years, the finance - banking industry has been going through an important digital transformation period. However, in the strong development trend of technology, the banking system also faces many challenges, requiring a stronger transformation to be able to grasp digital technology trends, thereby applying and improving the quality of its products and services, making financial services more available, competitive and cost-effective. The purpose of this article is to provide an overview of technology trends in banking, challenges and make some recommendations. Keywords: Digital Transformation, Banking Industry, Digital Economy.

International Journal of Advanced EconomicsVol. 6(11)
Hanoi University of Natural Resources and Environment (VN)
Industry, innovation and infrastructure
Openalex Percentile: Top 68%
FinTech, Crowdfunding, Digital Finance
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