international journal Albert Einstein by Gazmend Nure
The banking industry is increasingly realizing that it cannot stand still unless it invests and c... more The banking industry is increasingly realizing that it cannot stand still unless it invests and collaborates with fintech startups and other tech SMEs offering a wider range of new ideas and opportunities. The digitalization process has been challenging banks and financial institutions for more than two decades. An industry traditionally dominated by historically product-centric models, and the shift to platform-based businesses within and outside the sector are likely to result in a shift of energy balance towards platform providers and end customers. People think of how the banking industry is disrupted by technology, as it permeates every aspect of life, they often think of online transactions, online banking and new non-traditional online banking, and that retail banking can become largely invisible to consumers. Banks are required to embrace digital technologies in order to facilitate customer demand, promote new products and strengthen a customer-centric approach.Banking technology providers are at the core of the market structure, such as digital banking that has become the backbone of every bank's strategic evolution by helping banks and their customers cope and become part of the digital banking revolution, while benefiting many opportunities that come with it.Today's SMEs through a more personalized strategy, through product, service and channel modeling, harnessing the power of new technology require: more appropriate and innovative financial services; aware of commerce, not just about products and services, but also broader business issues. The loss of people's trust in traditional banking, the need for their banking services to be fast and digital, made a new generation of people more reliant on technology and brought about the necessity of creating so-called Fintech SMEs. Fintech companies are leading the way in setting the standard for how bank providers should incorporate technology into their traditional business models. Fintech is one of the fastest growing sectors in the global financial services industry, with total investments increasing from US $ 100 million in 2008 to more than US $ 31 billion in 2016. To survive in today's highly competitive markets, SMEs are required to be flexible and efficient. Thus, Fintech Enterprises grew to simplify and accelerate financial products and services for SMEs in the following market segments: Supply Chain Financing : Businesses' financial flexibility can also be maintained with the help of factoring services which is not a novelty, solutions developed by Fintechs speed up the factoring process and handle it with a higher cost efficiency. Debt collection: While traditional debt collection methods can hurt customer relationships but are also expensive, Fintechs have refined the debt collection process by approaching clients in different ways and in different channels. Credit: SMEs have always had difficulty accessing finance. This is because getting a traditional bank loan can be quite difficult and takes a long time. Fintech's innovative solutions specifically designed to meet the needs of SMEs not only solve the problem in a very short time, but also simplify the application.
Die neue Ära der digitalen Revolution wird nicht zur Kapitulation des Bankwesens führen. Aber neu... more Die neue Ära der digitalen Revolution wird nicht zur Kapitulation des Bankwesens führen. Aber neue Bedürfnisse und Fähigkeiten werden entstehen, wenn Banken neue Strategien entwickeln, um neue technologische Prozesse zu entwickeln und aufrecht zu erhalten. Dafür müssen Banken die Personalausstattung neu formulieren und die gesamte Organisationsstruktur überprüfen. Humankapi tal ist eines der wertvollsten Vermögenswerte und gilt als immaterieller Wert und ermöglicht es, Produktivität, Beschäftigung, Innovation und Wettbewerbsvorteile zu steigern. Die rasanten globalen Entwicklungen machen Humankapital weiterhin zum wichtigsten Faktor für das Erreichen strategischer Ziele, um den Wettbewerbsvorteil am Markt und insbesondere im Bankenmarkt zu erhalten. In den Ländern des westlichen Balkans war und ist ein Arbeitsplatz im Geschäftsbankensektor ein sehr gefragter Beruf, da das Bankensystem in diesen Ländern im Vergleich zu anderen Wirtschaftszweigen mehr Möglichkeiten und Entwicklungsmöglichkeiten bietet. Das Bankensystem in diesen Ländern befindet sich in einer Phase der Konsolidierung und der Bankenmarkt ist voll von Wettbewerb und Herausforderungen, sodass das Humankapital in diesem Wandel zum wertvollsten Gut wird und den Unterschied aus-macht. Egal ob die Organisationen (Banken) neu am Markt sind oder schon lange bestehen, ob sie groß oder klein sind, Bankprodukte sind die gleichen und sehr einfach zu kopieren. Banken, die sich dem großen Wettbewerb stellen wollen, konzentrieren sich nun auf das Humankapital als Schlüssel zur Erschließung eines erfolgreichen Unternehmens und bauen ein Team hoch motivierter Fachleute und Experten auf. Aber die technologische Entwicklung, gefolgt von der Ära der digitalen Revolution und der Technologie, zwingt die Banken und den Bankenmarkt im Allgemeinen dazu, es als dringlichstes Bedürfnis und zwingende Notwendigkeit zu sehen, sich an diese neue digitale Ära anzupassen. Aber in der digitalen und industriellen Revolution bedeutet es, 45 Prozent aller Aktivitäten von Menschen zu automatisieren (McKinsey, 2016). Der Prozess der Automatisierung von Arbeitsaktivitäten kann je-doch zur Schließung von Arbeitsplätzen, Schließung von Zweigstellen oder Filialen führen. Aber können wir in diesem Zusammenhang sagen, dass deshalb das Bankensystem am Ende sein wird? Absolut nicht, das Bankwesen wird sich weiter entwickeln, aber die neuen Herausforderungen der digitalen Evolution werden die Banken IJAE
Papers by Gazmend Nure
Journal of Research in International Business and Management, 2018
Business and Economic Research
Contributions from various tourism SMEs to improve socio-economic development in developed countr... more Contributions from various tourism SMEs to improve socio-economic development in developed countries include employment creation, improved living standards and increased family income. Despite this, you have great deals on the direct link between job creation, but there is also some controversy over who creates jobs and how they do it. Various documents say that Tourism SMEs play an important role in training young people, covering the labour deficit and generating benefits to the efficiency of the economy, innovation and overall growth. Therefore, this study will help us build the evidence needed to create Tourism SME policies and understand the core operational values of SMEs that maximize results in terms of achieving basic objectives such as job creation, increasing employee productivity and what are the financial challenges facing tourism SMEs. Policy initiatives to encourage the financial sector to be more proactive in securing tourism financing SMEs can also be envisaged, inc...
International Finance and Banking
This work investigated the impact of the bank's liquidity management in the profitability of ... more This work investigated the impact of the bank's liquidity management in the profitability of the bank, considering the fact that different research has found that their relationship is negative in some other positive research. The relationship between these two components depends on the variables used to measure them. In this study are included commercial banks operating in southern and central Europe for the period 2009-2017. Following the study, it was possible to determine which is the optimal level of liquidity that gives us the highest level of profitability, and the results showed that not necessarily the high-level liquidity banks can achieve high-level profitability. The data had non-normal distribution, so as a technique of analysis non-parametric tests were used.
The operating environment of the banking market is difficult and competitive is changing dimanthi... more The operating environment of the banking market is difficult and competitive is changing dimanthically since their focus is the steady growth of profit as well as consumer demand are in a constantly changing trajectory. Therefore, banks are increasingly focused on identifying customer needs, pulling and storing them. Customer Relationship Management is a process that provides banking business with the opportunity to create and maintain long-term relationships with customers. This concept allows the business the bank to identify, segment, communicate and build long-term relationships with customers on an individual basis regarding their needs for banking products and services as well as value added. Using modern technologies, customer relations management has come to an effective strategy to maintain the existing structure and develop a high-quality customer base. The purpose of the research is to evaluate the benefits of presenting the concept of Customer Relationship Management in ...
International Journal of Risk and Contingency Management
Albanian banks and finance, following the changes from the communist to the capitalist systems, i... more Albanian banks and finance, following the changes from the communist to the capitalist systems, in their current form, are a relatively new industry. The banking industry is the most important segment of the Albanian financial system and therefore requires more attention when it is about financial analysis. This paper theoretically and analytically deals with a brief presentation of the banking industry in general and the explanation of the primary risks associated with financial instruments. It will also mention the key challenges facing the banking industry and growth prospects.
International Journal of Corporate Finance and Accounting
The efficiency of commercial banks is essential for the stability of banks by implying that banks... more The efficiency of commercial banks is essential for the stability of banks by implying that banks that take higher risks are more inefficient. This paper builds on a stochastic heteroscedastic boundary model, where one will analyze a sample of 70 banks in Western Balkan countries such as Albania, Northern Macedonia, Serbia, Kosovo, and Montenegro for the period 2007-2017, highlighting determinants of bank cost efficiency. Banks with less liquidity, with a lower solvency rate and a higher credit risk, are more ineffective than prudent credit institutions. The paper also aims to address the relative lack of studies on the efficiency of banks in the region through the use of the stochastic frontier analysis (SFA).
Business and Economic Research
This research studies the factors that affect the profitability of the banking system in Albania ... more This research studies the factors that affect the profitability of the banking system in Albania during the period 2012-2017.The specific factors taken in the study are divided into two groups: the specific banking factors (internal), and the macroeconomic factors. The dependent variable used in the study, to measure Bank Profits, is Return on Equity (ROE). The empirical findings show that, when ROE is used as a dependent variable, all bank specific variables are negatively and significantly related to profitability. That being said, there is the exception of the liquidity factor (Liquid assets over short term liabilities) and bank size which has a positive.
Business and Economic Research
This research studies the factors that affect the profitability of the banking system in Albania ... more This research studies the factors that affect the profitability of the banking system in Albania during the period 2012-2017.The specific factors taken in the study are divided into two groups: the specific banking factors (internal), and the macroeconomic factors. The dependent variable used in the study, to measure Bank Profits, is Return on Equity (ROE). The empirical findings show that, when ROE is used as a dependent variable, all bank specific variables are negatively and significantly related to profitability. That being said, there is the exception of the liquidity factor (Liquid assets over short term liabilities) and bank size which has a positive.
Business and Economic Research ISSN, 2020
Contributions from various tourism SMEs to improve socioeconomic development in developed countri... more Contributions from various tourism SMEs to improve socioeconomic development in developed countries include employment creation, improved living standards and increased family income. Despite this, you have great deals on the direct link between job creation, but there is also some controversy over who creates jobs and how they do it. Various documents say that Tourism SMEs play an important role in training young people, covering the labour deficit and generating benefits to the efficiency of the economy, innovation and overall growth. Therefore, this study will help us build the evidence needed to create Tourism SME policies and understand the core operational values of SMEs that maximize results in terms of 23 achieving basic objectives such as job creation, increasing employee productivity and what are the financial challenges facing tourism SMEs. Policy initiatives to encourage the financial sector to be more proactive in securing tourism financing SMEs can also be envisaged, including taking steps to improve the knowledge and understanding of the tourism sector.
This work investigated the impact of the bank's liquidity management in the profitability of the ... more This work investigated the impact of the bank's liquidity management in the profitability of the bank, considering the fact that different research has found that their relationship is negative in some other positive research. The relationship between these two components depends on the variables used to measure them. In this study are included commercial banks operating in southern and central Europe for the period 2009-2017. Following the study, it was possible to determine which is the optimal level of liquidity that gives us the highest level of profitability, and the results showed that not necessarily the high-level liquidity banks can achieve high-level profitability. The data had non-normal distribution, so as a technique of analysis non-parametric tests were used.
Books by Gazmend Nure
Scholar Press, 2019
Banks play vital roles in economic developments within different states. The efficient banking sy... more Banks play vital roles in economic developments within different states. The efficient banking systems are leverage force for development.Banks create liquidity when holding illiquid items for the non-bankers and offer them with liquid liabilities. The history of banking failures has provided clear evidence showing the predominant impact of undue liquidity shortage . Not only that, the adverse impact is epidemic and transcends beyond an individual bank; a single failure of one bank would has a system repercussion, collapsing the stability of the entire financial system nationally and across borders The recurring crises have raised policy debates on the importance of bank liquidity risk management in ensuring financial stability.This book collects some of the work presented at workshops and conferences and is organized in two part
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international journal Albert Einstein by Gazmend Nure
Papers by Gazmend Nure
Books by Gazmend Nure