Banking Services (banking + services)

Distribution by Scientific Domains

Selected Abstracts

The emergence of a private clientele for banks in the early eighteenth century: Hoare's Bank and some women customers1

The records of Hoare's Bank and the correspondence of six of its women customers show how these women started to use the new banking services both for transferring money and for trading in the stock market. It is clear that alongside their use of the new facilities, older systems of money transfer remained important for customers. Much of the business of the bank and its customers, including their ventures into the stock market, took place within groups of people united by kinship, religion, and politics. [source]

Financial Exclusion in Rural and Remote New South Wales, Australia: a Geography of Bank Branch Rationalisation, 1981,98

N.M. Argent
The provision of financial services in rural Australia is a significant public policy issue, reflected in the high level of media and political interest in the recent spate of branch closures. There are, however, many aspects of the current debate regarding the delivery of financial services to rural communities that are, at best, less than ideal and, at worst, erroneous. Using telephone directories for New South Wales, non-metropolitan bank branch listings for the period 1981 to 1998 were collated. A recategorisation of these data according to the Rural, Remote and Metropolitan Areas classification reveals, amidst a spatial realignment of financial service provision, that rural and remote New South Wales have been disproportionately affected by a relatively recent and concerted withdrawal of services. The research demonstrates that corporate-level responses to increased competition within the financial system are significantly more important in deciding rural access to banking services than local and regional population trends. Indeed, two-thirds of rural localities that have lost branches had experienced healthy population growth during the study period. In the wake of the post-deregulation reconfiguration of the bank branch network, the socio-economic marginalisation of rural communities is being compounded, a process of ,financial exclusion' recognised in other parts of the developed world. [source]

Using RFPs to manage your bank relationship

James S. Sagner
Who is in charge of your firm's relationship with its bank,your company or the bank? Deregulation of the financial services industries has made access to banking services more difficult. And many companies find they have to award credit and noncredit business to retain their banks' goodwill. What is more, the finance function is often no longer the sole gatekeeper for all banking contact. But companies,and finance,can get back in control by using requests for proposals (RFPs) to manage the bank relationship. This article shows how to do that. © 2006 Wiley Periodicals, Inc. [source]

Australian Banking Efficiency and Its Relation to Stock Returns

We used Data Envelopment Analysis to evaluate cost efficiency of Australian banks in producing banking services and profit between 1995 and 2002. Empirical results indicate the major banks have improved their efficiency in producing banking services and profit, while the regional banks have experienced little change in the efficiency of producing banking services, and a decline in the efficiency of producing profit. An attempt is made to relate the changes in efficiency to stock returns. Results indicate that for our sample, changes in firm efficiency are reflected in stock returns. [source]

Singapore's Emerging Knowledge Economy: Role of Intellectual Property and its Possible Implications for Singaporean Society

Robin Ramcharan
This article seeks to take an exploratory and critical look at the role of intellectual property (IP) in the development of Singapore. IP protection has become an important factor in the move to a knowledge-based economy (KBE), in which information is a prized asset. In order to preserve its traditional role as a regional trading entrepôt, its economy has evolved from an initial concentration on heavy industry-based manufacturing to manufacturing in knowledge-intensive products (electronics, chemicals and engineering), and the provision of financial and banking services. IP is now, arguably, a critical factor in the latest attempts by the Singaporean leadership to remain relevant to the regional and global economy. Faced with numerous competitors and cheaper labor markets, an impressive drive has been launched towards the enhancement of knowledge-intensive industries for which IP protection is vital. These include the creative industries strategy (copyright industries) and the provision of biomedical services (pharmaceutical, medical devices, biotechnology and healthcare services), the "fourth pillar" of Singapore's manufacturing sector, in addition to electronics, chemicals and engineering. Singapore seeks a competitive edge in this niche, for which IP protection seems vital. Patents are particularly relevant to the fourth pillar. This article will examine the following: (1) the place of IP historically in its economic development; (2) its role in various aspects of various strategies in its current economic development plans,the creative industries strategy, the intelligent island strategy and the fourth pillar strategy; and (3) critical IP issues for Singapore's economy. It does so with several key questions in mind. (1) Could the drive to an IP intensive knowledge economy generate social dislocations? (2) Which segments of Singaporean society stand to gain or lose in the move to an intensively knowledge-based economy? (3) Can the IP system contribute to softening the blow in any such dislocations? This article seeks to stimulate research into the social and economic impact of IP in Singapore's developmental process, an area thus far understudied. [source]

Design and correctness proof of a security protocol for mobile banking

Dalton Li
A strong security protocol is the cornerstone for the implementation of mobile banking services and is used to determine the security properties of the system. This paper proposes an application layer security protocol for mobile banking services,the mobile banking (MB) protocol,based on requirements from mobile banking systems. Our research provides an in-depth analysis of the design technologies used in the MB protocol, as well as a correctness proof of its security properties based on the strand space model. © 2009 Alcatel-Lucent. [source]