Designing Algorithms for Evaluating the Effectiveness of Remote Banking Systems

Authors

  • Aleksandr V. Belov National Research University Higher School of Economics
  • Philip D. Zagumennov National Research University Higher School of Economics

DOI:

https://doi.org/10.33423/jaf.v19i19.2693

Keywords:

Accounting, Finance, Remote Banking Systems, Transaction, Efficiency Criteria, Software algorithm

Abstract

The objective of this research is to develop a software algorithm for evaluating the effectiveness of using the Financial Message Transfer System for Remote Banking Systems. The study considers interactions between the legal entity and the bank that are provided by two types of systems: «Direct Banking» and «Internet Banking». During the work the main features of remote banking systems and the efficiency criteria are identified and analyzed. In accordance with the proposed mathematical model, a software algorithm was constructed to obtain quantitative estimates of Remote Banking Systems effectiveness. The developed algorithm belongs to the heuristic class.

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Published

2019-12-30

How to Cite

Belov, A. V., & Zagumennov, P. D. (2019). Designing Algorithms for Evaluating the Effectiveness of Remote Banking Systems. Journal of Accounting and Finance, 19(9). https://doi.org/10.33423/jaf.v19i19.2693

Issue

Vol. 19 No. 9 (2019)

Section

Articles

License

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