Blockchain: an EOM approach to reconciliation in banking

IF 3 Q2 MANAGEMENT
Vedapradha R, H. Ravi
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引用次数: 0

Abstract

PurposeThe study aim is to evaluate the contribution of Blockchain technology (Cryptobanking) using 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/approachA 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, variables of EOM were considered to validate the hypothesis with the help of statistical tools, namely ANOVA, and Multiple Stepwise Regression Analysis.FindingsThe results obtained confirm that there is significant difference in reconciliation with 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/valueBlockchain technology (Cryptobanking) facilitates in transforming the reconciliation process of these banks with improved operational efficiency. Blockchain and settlement platforms offer inter-organization solutions facilitating in the reconciliation of various transactions in real-time through a trust-based network in the form of digital settlements with better consortiums.
区块链:银行对账的EOM方法
目的本研究旨在使用预期运营模型(EOM)评估区块链技术(加密银行)的贡献,以解决中后台运营层面对账的痛点,从而评估该技术对投资回报的重要性。设计/方法/方法设计了一份结构化问卷,使用分层抽样方法从班加罗尔城市地理位置的领先投资银行的120名受访者中收集主要数据。人口统计学变量、会计变量、数据报告变量、方法变量、EOM变量被认为是在统计工具的帮助下验证假设的,即ANOVA和多元逐步回归分析。发现所获得的结果证实,与创新业务流程的实施相比,对账存在显著差异。当与技术相结合时,财务分析是投资回报率的最高预测因素,因为对账中的区块链创新是提高投资回报率最具影响力的因素,在投资银行中发挥着关键作用。独创性/价值区块链技术(加密银行)有助于转变这些银行的对账流程,提高运营效率。区块链和结算平台提供组织间解决方案,通过基于信任的网络,以数字结算的形式与更好的联盟实时协调各种交易。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.60
自引率
0.00%
发文量
17
审稿时长
30 weeks
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