USING DIGITAL AND MOBILE TECHNOLOGIES FOR INCREASING EFFICIENCY OF FINANCIAL INSTITUTIONS

Abstract

Possibilities and methods for increasing efficiency of financial institutions operation using digital and mobile electronic technologies are considered, proposed and presented in the paper. Digital and mobile electronic technologies are used in many areas and many practical solutions and applications. One of very important areas is financial business in many financial institutions. Using computers, computer networks, Internet and smart mobile phones, with appropriate software applications, enable to increase speed and security of all financial transactions and increase financial institutions efficiency. Also, it gives many advantages to users of financial services and institutions. Way to increase efficiency of operation of financial institutions using digital and mobile technologies on the example of the typical commercial bank is proposed and described. As an example of using such technologies for increasing efficiency of the bank was designed, developed, implemented and described one system for facilitating and accelerating issuance of bank loans using smart mobile phones. Implementation, used technologies, possibilities, advantages for bank and user and way of using of the system are described.