Digitalization Index: Case for Banking System
Economy digitalization has become a trend during the pandemic. The banking sector was also one of the first to face the need to accelerate digitalization. This work is devoted to developing a digitalization index for both the banking sector and an individual bank based on a set of indicators calcula...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Czech Statistical Office
2022-12-01
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| Series: | Statistika: Statistics and Economy Journal |
| Subjects: | |
| Online Access: | https://www.czso.cz/documents/10180/167607761/32019722q4_426-427_versal_analyses.pdf/9799a361-6020-416a-9d7d-31ff292b60a7?version=1.1 |
| _version_ | 1811288749438402560 |
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| author | Nataliia Versal Vasyl Erastov Mariia Balytska Ihor Honchar |
| author_facet | Nataliia Versal Vasyl Erastov Mariia Balytska Ihor Honchar |
| author_sort | Nataliia Versal |
| collection | DOAJ |
| description | Economy digitalization has become a trend during the pandemic. The banking sector was also one of the first to face the need to accelerate digitalization. This work is devoted to developing a digitalization index for both the banking sector and an individual bank based on a set of indicators calculated according to data from the World Bank and data from commercial banks. At a macro level, the study concluded that the pandemic has accelerated the digitalization of the banking sector in all the monitored countries; however, a significant increase was observed in countries with lower index values in the pre-pandemic period. At the micro-level, the study showed that digital banks had benefited from digitalization more during the pandemic, unlike classical banks. |
| first_indexed | 2024-04-13T03:42:41Z |
| format | Article |
| id | doaj.art-7ee28c9901504f5f91b8ca9a36ba8727 |
| institution | Directory Open Access Journal |
| issn | 0322-788X 1804-8765 |
| language | English |
| last_indexed | 2024-04-13T03:42:41Z |
| publishDate | 2022-12-01 |
| publisher | Czech Statistical Office |
| record_format | Article |
| series | Statistika: Statistics and Economy Journal |
| spelling | doaj.art-7ee28c9901504f5f91b8ca9a36ba87272022-12-22T03:04:07ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal0322-788X1804-87652022-12-01102442644210.54694/stat.2022.16Digitalization Index: Case for Banking SystemNataliia Versal0Vasyl Erastov1Mariia Balytska2Ihor Honchar3Taras Shevchenko National University of Kyiv, Kyiv, UkraineTaras Shevchenko National University of Kyiv, Kyiv, UkraineTaras Shevchenko National University of Kyiv, Kyiv, UkraineTaras Shevchenko National University of Kyiv, Kyiv, UkraineEconomy digitalization has become a trend during the pandemic. The banking sector was also one of the first to face the need to accelerate digitalization. This work is devoted to developing a digitalization index for both the banking sector and an individual bank based on a set of indicators calculated according to data from the World Bank and data from commercial banks. At a macro level, the study concluded that the pandemic has accelerated the digitalization of the banking sector in all the monitored countries; however, a significant increase was observed in countries with lower index values in the pre-pandemic period. At the micro-level, the study showed that digital banks had benefited from digitalization more during the pandemic, unlike classical banks.https://www.czso.cz/documents/10180/167607761/32019722q4_426-427_versal_analyses.pdf/9799a361-6020-416a-9d7d-31ff292b60a7?version=1.1digitalizationfinancial innovationdigital transformationdigital bankingfintech |
| spellingShingle | Nataliia Versal Vasyl Erastov Mariia Balytska Ihor Honchar Digitalization Index: Case for Banking System Statistika: Statistics and Economy Journal digitalization financial innovation digital transformation digital banking fintech |
| title | Digitalization Index: Case for Banking System |
| title_full | Digitalization Index: Case for Banking System |
| title_fullStr | Digitalization Index: Case for Banking System |
| title_full_unstemmed | Digitalization Index: Case for Banking System |
| title_short | Digitalization Index: Case for Banking System |
| title_sort | digitalization index case for banking system |
| topic | digitalization financial innovation digital transformation digital banking fintech |
| url | https://www.czso.cz/documents/10180/167607761/32019722q4_426-427_versal_analyses.pdf/9799a361-6020-416a-9d7d-31ff292b60a7?version=1.1 |
| work_keys_str_mv | AT nataliiaversal digitalizationindexcaseforbankingsystem AT vasylerastov digitalizationindexcaseforbankingsystem AT mariiabalytska digitalizationindexcaseforbankingsystem AT ihorhonchar digitalizationindexcaseforbankingsystem |