Session

Management, Business and Economics

Description

Over the recent decades, serious changes occurred in the economic, technological and social development, having reflected on banking operations. Changes ensuing today in the field of banking are of utmost significance. Banks are becoming multifunctional or in a certain fashion, are becoming genuine department stores of modern age. The globalization of financial and banking flows is realized by conceiving a new banking concept, due to bank adjustment to the new conditions of management. The traditional bank role has been evidently altered, hence banks in present-day conditions, apart from the standard banking operations, conduct a major number of unconventional banking operations, for instance, operations with securities, bank guarantees, mortgage services etc. Modern banks offer their clients a wide range of services, thus aggressively entering certain non-banking areas, by which they transform themselves into universal financial institutions. In the modern world banking system, we encounter banking and financial institutions which according to their activities and prevalence in their operations exceed national borders and enter the domain of international banking system. Nowadays, we can discuss about alleged planetary banking with engineering and re-engineering. It is characterized by its sophisticated, processing and globalized banking features. In short time interval, within the international banking system, several large-scope changes occurred, revolutionary in its essence, not solely in terms of banking, as well as in terms of the total monetary-financial-banking system. The determinants of such changes are as follows: altered conditions of fierce competition and fight to remain on the financial market; electronic and technological revolution which resulted in substitution of banking products with production of segmented banking process; and creation of new planetary banks which place their segmented banking processes on the so-called globalized supranational market.

Keywords:

international banking, deregulation, competition, globalization, e-banking

Session Chair

Besnik Skenderi

Session Co-Chair

Mirjeta Domniku

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-69-1

First Page

41

Last Page

48

Location

Pristina, Kosovo

Start Date

27-10-2018 3:15 PM

End Date

27-10-2018 4:45 PM

DOI

10.33107/ubt-ic.2018.285

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Oct 27th, 3:15 PM Oct 27th, 4:45 PM

Contemporary trends in banking

Pristina, Kosovo

Over the recent decades, serious changes occurred in the economic, technological and social development, having reflected on banking operations. Changes ensuing today in the field of banking are of utmost significance. Banks are becoming multifunctional or in a certain fashion, are becoming genuine department stores of modern age. The globalization of financial and banking flows is realized by conceiving a new banking concept, due to bank adjustment to the new conditions of management. The traditional bank role has been evidently altered, hence banks in present-day conditions, apart from the standard banking operations, conduct a major number of unconventional banking operations, for instance, operations with securities, bank guarantees, mortgage services etc. Modern banks offer their clients a wide range of services, thus aggressively entering certain non-banking areas, by which they transform themselves into universal financial institutions. In the modern world banking system, we encounter banking and financial institutions which according to their activities and prevalence in their operations exceed national borders and enter the domain of international banking system. Nowadays, we can discuss about alleged planetary banking with engineering and re-engineering. It is characterized by its sophisticated, processing and globalized banking features. In short time interval, within the international banking system, several large-scope changes occurred, revolutionary in its essence, not solely in terms of banking, as well as in terms of the total monetary-financial-banking system. The determinants of such changes are as follows: altered conditions of fierce competition and fight to remain on the financial market; electronic and technological revolution which resulted in substitution of banking products with production of segmented banking process; and creation of new planetary banks which place their segmented banking processes on the so-called globalized supranational market.