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Smart Compliance or How New Technologies Change Customer Identification Mechanisms in Banking

Author

Listed:
  • Nedyalko Valkanov

    (University of Economics, Varna, Bulgaria)

Abstract

Modern banking undoubtedly engages with the world of high technologies. The potential of big data, artificial intelligence and blockchain technology is realized more and more as an opportunity by credit institutions in order to remain competitive against fast entering FinTech sector. Apart from their commercial application modern technologies appear to be an important factor for improvement of banks` systems for customer identification. The article examines the possibilities for adoption of smart technologies in different customer identification activities outlining several perspectives for their future development.

Suggested Citation

  • Nedyalko Valkanov, 2019. "Smart Compliance or How New Technologies Change Customer Identification Mechanisms in Banking," Economics and computer science, Publishing house "Knowledge and business" Varna, issue 2, pages 12-19.
    • Handle: RePEc:kab:journl:y:2019:i:2:p:12-19
    as

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    File URL: http://eknigibg.net/Volume5/Issue2/spisanie-br2-2019_pp.12-19.pdf
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