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Banking on innovation: modernisation of payment systems

Khiaonarong, Tanai and Liebenau, Jonathan (2009) Banking on innovation: modernisation of payment systems. Contributions to economics . Heidelberg Physica, London, UK. ISBN 9783790823325

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Abstract

Innovation in banking should be directed at improving the infrastructure that fosters efficient financial services and international trade. In this work, innovation theory is used to show how modern payment systems have transformed the technology of banking and facilitated changes in the strategy and structure of financial services organisations. Design, implementation and dissemination of payment systems are described and the analysis of their costs and benefits is combined with case studies of banks undergoing change. By studying firm capabilities, competencies, and resources, the approach is extended to services in general and linked to the ability of firms to compete and promote national economies. Payment systems vary and advanced and developing economies face obstacles in their legal and technical infrastructure, and maturity of banks. By adopting an international perspective, the book offers a unique comparative analysis that shows what kind of investments are likely to be effective.

Item Type: Book
Official URL: http://www.springer.com
Additional Information: © 2009 Heidelburg Physica
Library of Congress subject classification: T Technology > T Technology (General)
H Social Sciences > HF Commerce
Sets: Research centres and groups > Information Systems and Innovation Group
Departments > Management
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 21 Aug 2009 09:42
URL: http://eprints.lse.ac.uk/24959/

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