Valeri Mosiashvili1
and Khatuna Gabitsinashvili2
1. PhD of Economics, Professor, Dean of Business and Technology faculty, Georgian National University
SEU, Georgia
2. PhD of Economics, Associate Professor, Dean of the Faculty of Social Sciences, Georgian National
University SEU, Georgia |
MLA 8
Mosiashvili, Valeri, and Khatuna Gabitsinashvili. "DIGITALIZATION – DIGITAL TRANSFORMATION OF BUSINESS PROCESS IN CREDIT SYSTEM." Int. j. of Social Science and Economic Research, vol. 7, no. 12, Dec. 2022, pp. 3978-3989, doi.org/10.46609/IJSSER.2022.v07i12.009. Accessed Dec. 2022.
APA 6
Mosiashvili, V., & Gabitsinashvili, K. (2022, December). DIGITALIZATION – DIGITAL TRANSFORMATION OF BUSINESS PROCESS IN CREDIT SYSTEM. Int. j. of Social Science and Economic Research, 7(12), 3978-3989. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i12.009
Chicago
Mosiashvili, Valeri, and Khatuna Gabitsinashvili. "DIGITALIZATION – DIGITAL TRANSFORMATION OF BUSINESS PROCESS IN CREDIT SYSTEM." Int. j. of Social Science and Economic Research 7, no. 12 (December 2022), 3978-3989. Accessed December, 2022. https://doi.org/10.46609/IJSSER.2022.v07i12.009.
|
ABSTRACT:
The article discusses the key aspects of banking-credit sector development in digitalization
conditions, which is expresses in the trends of digital development in banks, the changes of
business process, banking products and services, their ecosystem services and development
models under the influence of digitalization. The local and foreign assessment and analysis of the
best practices in the use of modern digital technologies in the planning, monitoring and
evaluation of governance decisions gave us the opportunity to formulate proposals and
recommendations in relation to the priority direction of the use of digital technologies, in the
framework of the further adoption of management principles and procedures according to the
results. The research conducted based on the secondary data found by us determined that the
digital transformation of the environment and business processes will be the main direction of
development of any business (including banking and credit business).Moreover, the development
of the banking system based on the use of innovative (digital) technologies provides
opportunities for solving many problems, for example, penetrating technologies as artificial
intelligence, Blockchain, P2P lending, will accelerate the implementation of technological
calculations, increase the speed of banking operations, increase the accuracy of calculations,
reduce reporting risk of intentional data distortion. We used the methods of analysis, modeling
and analogy when setting and solving problems. As a result of the study, the concept of digital
bank was defined, the problems of using digital technologies in the banking sector (both in
general, and specifically at the level of the national economy) and prospects were identified, and
the main directions for achieving success in the digital transformation of business and business processes in the banking institution were proposed, which should be used in our country. It will
bring quite a solid result for the banking-credit system in the short term. |
International Journal of Social Science & Economic Research
