Open AccessICT for Innovation in Advanced Banking
Author(s) -
Milvina Terzieva,
Dimitar Karastoyanov
Publication year - 2020
Publication title -
problems of engineering cybernetics and robotics
Language(s) - English
Resource type - Journals
eISSN - 2738-7364
pISSN - 2738-7356
DOI - 10.7546/pecr.73.20.05
Subject(s) - business , cloud computing , information and communications technology , payment , european union , service (business) , accounting , commerce , marketing , finance , computer science , world wide web , economic policy , operating system
The article presents the process of entering ICT and digital innovations in modern banking. Statistics on the use of public clouds by various companies are cited. Types of regulations in European Union on the entry of cloud services in the banking sector are considered. The requirements of the EU Payment Service Directives are analysed. New banking functions and open banking are described. Existing models of open banking and the interaction between large digital companies and large money providers are discussed. Keywords: Cloud, fintech, ICT, open banking.