id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
issue-466	Shkarlet, Serhiy; Dubyna, Maksym; Zhuk, Olena	DETERMINANTS OF THE FINANCIAL SERVICES MARKET FUNCTIONING IN THE ERA OF THE INFORMATIONAL ECONOMY DEVELOPMENT	2018	9	.pdf	application/pdf	6968	266	32	Key words: financial service, financial institution, fintech company, phishing, information technologies. Its basic advantages include the following: For consumers of the financial services: – a simple and convenient way to make payments through an online platform; – saving time due to the lack of need to visit structural subdivisions of the financial institutions; Baltic Journal of Economic Studies 352 Vol. 4, No. 3, 2018 – no need to communicate with the bank employees, which simplifies the process of obtaining the financial services by the clients and reducing the level of the conflict situations; – the convenience of payment implementation throughout the day; – increasing the level of their own financial resources management through the use of their own cabinets of clients on the sites, for example, the banking institutions, which displays all information about cash flow (Privat 24, Raiffeisen online etc.); – reducing the cost of obtaining information about their own accounts, the speed of its receipt; – the ability to make fast payments and transfer funds from one account to another; – obtaining an opportunity to use certain types of banking services free of charge; For the producers of financial services: – attracting new customers by creating and providing more competitive financial services; – expansion of the list of the financial services that can be provided to clients; – increasing the channels of the financial products sale for customers (using SMS, e-mail, personal cabinets, etc.); – reducing the operating costs of the financial institutions through the transfer of the customer service to online mode, which does not require a wide network of branches and affiliates; – application of mechanisms for processing large amounts of data allows you to create individual financial products and maximally satisfy the needs of consumers in the relevant services; –introduction of technologies for processing large amounts of the management information, which make it timely, simplify the way of obtaining such data between different structural units of the financial institutions, which improves the quality of management; – the ability, through the data processing, to generate statistical, analytical reports, which will be created in an automatic mode and meet the needs of the financial institution’s management and the external consumers of such information; – increase the speed of managing the managerial information online through the introduction of unified systems for the automatic control of financial institutions with the hierarchical systems of access to various types of data; – reducing the number of errors in the process of the data processing and creating the necessary reports, which increases the quality of the information and affects the efficiency of the financial institutions’ management; – mechanisms’ introduction for the business processes automation, which makes it possible to simplify operations of a financial institution, to increase the efficiency of its work by reducing the number of employees and the probability of errors; – enhancement of cooperation between different financial units of structural units through the improvement of processes of circulation and exchange of information between them, etc.	cache/issue-466.pdf	txt/issue-466.txt