Blockchain: An EOM approach to reconciliation in banking
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista de Administração e Inovação |
Texto Completo: | https://www.revistas.usp.br/rai/article/view/209065 |
Resumo: | Purpose: The aim of this study is to evaluate the contribution of Blockchain technology (Cryptobanking) using the expected operating model (EOM) to address the pain points in reconciliation at middle and back-office operational levels in assessing the significance of this technology on return on investment.Design/Methodology: A structured questionnaire was designed to collect primary data using a stratified sampling method from 120 respondents working in leading Investment banks operating in the geographical locality of urban Bangalore. Demographic variables, accounting variables, data reporting variables, approach variables, and variables of EOM were considered to validate the hypothesis with the help of statistical tools, namely ANOVA, and Multiple Stepwise Regression Analysis.Findings: The results obtained confirm that there is a significant difference in reconciliation with the implementation of an innovative business process. Financial analysis is the highest predictor of ROI when integrated with technology as the adapted Blockchain innovation in reconciliation is the most influencing factor in enhancing, improving ROI playing a pivotal role in the Investment banks. Originality/Value: Blockchain Technology (Crypto banking) facilitates transforming the reconciliation process of these banks with improved operational efficiency. Blockchain and settlement platforms offer inter-organization solutions facilitating the reconciliation of various transactions in real-time through a trust-based network in the form of digital settlements with better consortiums. |
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Revista de Administração e Inovação |
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Blockchain: An EOM approach to reconciliation in bankingApplication programming interface (API)BlockchainOperational modelReconciliationCryptobankingPurpose: The aim of this study is to evaluate the contribution of Blockchain technology (Cryptobanking) using the expected operating model (EOM) to address the pain points in reconciliation at middle and back-office operational levels in assessing the significance of this technology on return on investment.Design/Methodology: A structured questionnaire was designed to collect primary data using a stratified sampling method from 120 respondents working in leading Investment banks operating in the geographical locality of urban Bangalore. Demographic variables, accounting variables, data reporting variables, approach variables, and variables of EOM were considered to validate the hypothesis with the help of statistical tools, namely ANOVA, and Multiple Stepwise Regression Analysis.Findings: The results obtained confirm that there is a significant difference in reconciliation with the implementation of an innovative business process. Financial analysis is the highest predictor of ROI when integrated with technology as the adapted Blockchain innovation in reconciliation is the most influencing factor in enhancing, improving ROI playing a pivotal role in the Investment banks. Originality/Value: Blockchain Technology (Crypto banking) facilitates transforming the reconciliation process of these banks with improved operational efficiency. Blockchain and settlement platforms offer inter-organization solutions facilitating the reconciliation of various transactions in real-time through a trust-based network in the form of digital settlements with better consortiums.Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade2023-03-07info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/rai/article/view/20906510.1108/INMR-05-2020-0060INMR - Innovation & Management Review; v. 20 n. 1 (2023); 17-272515-8961reponame:Revista de Administração e Inovaçãoinstname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/rai/article/view/209065/191995https://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessR, Vedapradha Ravi, Hariharan2023-03-07T23:32:47Zoai:revistas.usp.br:article/209065Revistahttp://www.viannajr.edu.br/wp-content/uploads/2016/01/raiPUBhttp://www.revistas.usp.br/viaatlantica/oairevistarai@usp.br||tatianepgt@revistarai.org1809-20391809-2039opendoar:2023-03-07T23:32:47Revista de Administração e Inovação - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
Blockchain: An EOM approach to reconciliation in banking |
title |
Blockchain: An EOM approach to reconciliation in banking |
spellingShingle |
Blockchain: An EOM approach to reconciliation in banking R, Vedapradha Application programming interface (API) Blockchain Operational model Reconciliation Cryptobanking |
title_short |
Blockchain: An EOM approach to reconciliation in banking |
title_full |
Blockchain: An EOM approach to reconciliation in banking |
title_fullStr |
Blockchain: An EOM approach to reconciliation in banking |
title_full_unstemmed |
Blockchain: An EOM approach to reconciliation in banking |
title_sort |
Blockchain: An EOM approach to reconciliation in banking |
author |
R, Vedapradha |
author_facet |
R, Vedapradha Ravi, Hariharan |
author_role |
author |
author2 |
Ravi, Hariharan |
author2_role |
author |
dc.contributor.author.fl_str_mv |
R, Vedapradha Ravi, Hariharan |
dc.subject.por.fl_str_mv |
Application programming interface (API) Blockchain Operational model Reconciliation Cryptobanking |
topic |
Application programming interface (API) Blockchain Operational model Reconciliation Cryptobanking |
description |
Purpose: The aim of this study is to evaluate the contribution of Blockchain technology (Cryptobanking) using the expected operating model (EOM) to address the pain points in reconciliation at middle and back-office operational levels in assessing the significance of this technology on return on investment.Design/Methodology: A structured questionnaire was designed to collect primary data using a stratified sampling method from 120 respondents working in leading Investment banks operating in the geographical locality of urban Bangalore. Demographic variables, accounting variables, data reporting variables, approach variables, and variables of EOM were considered to validate the hypothesis with the help of statistical tools, namely ANOVA, and Multiple Stepwise Regression Analysis.Findings: The results obtained confirm that there is a significant difference in reconciliation with the implementation of an innovative business process. Financial analysis is the highest predictor of ROI when integrated with technology as the adapted Blockchain innovation in reconciliation is the most influencing factor in enhancing, improving ROI playing a pivotal role in the Investment banks. Originality/Value: Blockchain Technology (Crypto banking) facilitates transforming the reconciliation process of these banks with improved operational efficiency. Blockchain and settlement platforms offer inter-organization solutions facilitating the reconciliation of various transactions in real-time through a trust-based network in the form of digital settlements with better consortiums. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-03-07 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://www.revistas.usp.br/rai/article/view/209065 10.1108/INMR-05-2020-0060 |
url |
https://www.revistas.usp.br/rai/article/view/209065 |
identifier_str_mv |
10.1108/INMR-05-2020-0060 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/rai/article/view/209065/191995 |
dc.rights.driver.fl_str_mv |
https://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade |
publisher.none.fl_str_mv |
Universidade de São Paulo. Faculdade de Economia, Administração e Contabilidade |
dc.source.none.fl_str_mv |
INMR - Innovation & Management Review; v. 20 n. 1 (2023); 17-27 2515-8961 reponame:Revista de Administração e Inovação instname:Universidade de São Paulo (USP) instacron:USP |
instname_str |
Universidade de São Paulo (USP) |
instacron_str |
USP |
institution |
USP |
reponame_str |
Revista de Administração e Inovação |
collection |
Revista de Administração e Inovação |
repository.name.fl_str_mv |
Revista de Administração e Inovação - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
revistarai@usp.br||tatianepgt@revistarai.org |
_version_ |
1800221937830461440 |