Papers by THIRUMA VALAVAN A
Zenodo (CERN European Organization for Nuclear Research), Jan 30, 2023
Zenodo (CERN European Organization for Nuclear Research), Jan 30, 2023
Zenodo (CERN European Organization for Nuclear Research), Jan 30, 2023
International journal of science and research, Jun 5, 2023
World Journal Of Advanced Research and Reviews, Jan 30, 2023
FinTech, as it is more often known, is a term used to describe emerging technology that aims to e... more FinTech, as it is more often known, is a term used to describe emerging technology that aims to enhance and automate the provision of financial services. At its foundation, FinTech uses specialised software and algorithms that are employed on computers and, increasingly, smartphones to assist businesses, business owners, and individuals in better managing their financial operations, processes, and lives. The term "financial technology" is combined with the word "FinTech."The word "FinTech" was first used to describe the technology used in the back-end systems of established financial institutions when it first appeared in the 21st century. However, since that time, there has been a change toward more consumer-focused services and, thus, a more consumer-focused definition. Various areas and industries, including education, retail banking, fundraising, and investment management, to name a few. This study is conducted to understand, the impact of FinTech in the Banking Industry. To find out whether it is disruptive to the business or it is an enabler to increase business.
World Journal of Advanced Research and Reviews
The integration of Artificial Intelligence (AI) and data-driven decision-making in the banking in... more The integration of Artificial Intelligence (AI) and data-driven decision-making in the banking industry has ushered in unprecedented opportunities for efficiency, risk assessment, and customer service. However, this rapid adoption of AI technology comes with its own set of ethical considerations and potential biases. This research paper delves into the intricate landscape of AI ethics and bias within the banking sector, with a central emphasis on fairness, transparency, and accountability. In sum, this paper contributes to the ongoing discourse on AI ethics and bias by providing valuable insights into the ethical considerations and potential biases inherent in AI and data-driven decision-making within the banking sector. It underscores the necessity of fairness, transparency, and accountability as guiding principles in the responsible integration of AI technology in banking, while also presenting future research directions for this evolving field.
JOURNAL OF CRITICAL REVIEWS, 2024
In an era defined by escalating environmental degradation, social inequalities, and corporate gov... more In an era defined by escalating environmental degradation, social inequalities, and corporate governance failures, the imperative for sustainable finance and environmental, social, and governance (ESG) investing has attained unprecedented significance. The global community's mounting concerns regarding climate change and social responsibility underscore the urgency for financial institutions, particularly banks, to re-evaluate their traditional approaches to decision-making. This study delves into the pivotal question of how banks can navigate the evolving landscape of sustainable finance, integrating ESG criteria into their core decision-making processes, pioneering the development of sustainable financial products, and effectively assessing environmental risks within their lending portfolios. Against a backdrop of heightened awareness surrounding the interconnectedness between financial performance and broader societal and environmental impacts, this investigation seeks to illuminate pathways for banks to align their operations with sustainability imperatives while simultaneously enhancing their resilience to emerging risks and opportunities.
Paripex Indian Journal Of Research, 2016
Government Launched Suraksha Bandhan Drive to Facilitate Enrolment under Pradhan Mantri Suraksha ... more Government Launched Suraksha Bandhan Drive to Facilitate Enrolment under Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) through the Jeevan Suraksha Gift Cheques (Rs. 351), the Suraksha Deposit Scheme (Rs. 201) and Jeevan Suraksha Deposit Scheme (Rs. 5001) Initiatives to build on the very encouraging response to the social security schemes, namely; Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accident and disability cover of up to Rs. 2 Lakh at an annual premium of Rs. 12 and the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for a term life cover of Rs. 2 Lakh at an annual premium of Rs. 330, launched by the Prime Minister Mr. Narendra Modi on 9th May 2015 at Kolkata, a special enrolment drive had been launched by participating Banks and Insurance Companies during August-September 2015, in the backdrop of the festival of Raksha Bandhan. The drive is reaching out to the pool of eligible Bank account holders who are yet to be enro...
Paripex Indian Journal Of Research, 2016
Financial inclusion, it must be reiterated, is not the end in itself; it is one of the means for ... more Financial inclusion, it must be reiterated, is not the end in itself; it is one of the means for enabling, especially the rural poor to improve their economic conditions. The manner in which some of the banks are announcing their achievements in broadening financial inclusion, measured usually by the increase in the number of no-frill accounts opened, gives an impression that they have already accomplished the challenging task. Enlisting the hitherto unreached people as bank customers is only the beginning. Their credit needs have to be sympathetically and realistically studied by the bankers at the grass root level. Saving habits have to be inculcated among them. They should be given proper awareness about not only savings and loan benefits, but also insurance and pension schemes, in Toto financial literacy and financial counseling. Banking schemes have to be suitably modified to match their requirements. This is a time consuming job and cannot be completed overnight. The urban-bre...
Indian journal of applied research, 2015
The Government of India and Reserve bank of India have taken initiatives to spread banking servic... more The Government of India and Reserve bank of India have taken initiatives to spread banking services such as expanding the number of rural bank branches, allowing the banking correspondent model and spread financial literacy. While in implementing financial inclusion in a diversified country like India, Financial Literacy plays a pivotal role in the success of this great social initiative opportunity. Financial education, financial inclusion and financial stability are three elements of an integral strategy. While financial inclusion works from supply side of providing access to various financial services, financial education feeds the demand side by promoting awareness among the people regarding the needs and benefits of financial services offered by banks and other institutions. Going forward, these two strategies promote greater financial stability. An attempt has been made in this paper to study in detail the level of financial literacy amongst the College students of Manamadurai...
Global journal for research analysis, 2016
Bringing every household within the grasp of the banking system there has been an ongoing process... more Bringing every household within the grasp of the banking system there has been an ongoing process started a decade ago. However, the present Indian government has packaged it in a mission mode and made it an achievable target. In order to reduce the degree of “financial untouchability” the new government has come up with a big bang action plan which is popularly known as “Pradhan Mantri Jan-Dhan Yojana” (PMJDY). It is a mega financial inclusion plan with the objective of covering all households in the country with banking facilities along with inbuilt insurance coverage. The purpose is to accelerate growth, fight poverty effectively and to empower the last man in the last row in Indian economy. Amid this background, the present paper endeavours to study the recent trends in financial inclusions in India with special reference to PMJDY, analysis of its different key areas, the barriers in the process and suggests strategies to ensure maximum financial inclusion for the underprivilege...
Enterprise Development and Microfinance, 2013
In order for young people to achieve their potential as empowered and engaged economic citizens, ... more In order for young people to achieve their potential as empowered and engaged economic citizens, they must have access to safe and appropriate financial services and quality financial, social, and livelihoods education. The Child and Youth Finance Movement is uniting government authorities, financial service providers, academics, and youth serving organizations from across the world to advance financial inclusion and economic citizenship education at the global, regional, and national level. This article explains the central components of the child and youth finance movement, examines the evidence base for the movement's Theory of Change and explores how various partners and stakeholders in the movement are working to create an ecosystem for the next generation of economic citizens.
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Papers by THIRUMA VALAVAN A