Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0
The purpose of the present paper is to provide an advanced overview of the practical applications of Banking 4.0 in Industry 4.0. This paper examines the technology trends in the Fourth Industrial Revolution and identifies the key indicators behind the creation of a strategic map for the fourth-gene...
| Published in: | International Journal of Financial Studies |
|---|---|
| Main Authors: | , , , , |
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-05-01
|
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7072/8/2/32 |
| _version_ | 1850119091753320448 |
|---|---|
| author | Amir Mehdiabadi Mariyeh Tabatabeinasab Cristi Spulbar Amir Karbassi Yazdi Ramona Birau |
| author_facet | Amir Mehdiabadi Mariyeh Tabatabeinasab Cristi Spulbar Amir Karbassi Yazdi Ramona Birau |
| author_sort | Amir Mehdiabadi |
| collection | DOAJ |
| container_title | International Journal of Financial Studies |
| description | The purpose of the present paper is to provide an advanced overview of the practical applications of Banking 4.0 in Industry 4.0. This paper examines the technology trends in the Fourth Industrial Revolution and identifies the key indicators behind the creation of a strategic map for the fourth-generation banks and their readiness to enter Industry 4.0. This paper examines a systematic review of fully integrated Banking 4.0 and the application of the technologies of Industry 4.0 and illustrates a distinct pattern of integration of Banking 4.0 and Industry 4.0. One of the prominent features of this article is the performance of successful global banks in applying these technologies. The results showed that Banking 4.0 in Industry 4.0 is an integrative value creation system consisting of six design principles and 14 technology trends. The roadmap designed for banks to enter Industry 4.0 and how they work with industrial companies will be a key and important guide. |
| format | Article |
| id | doaj-art-882ded8cedfb403c829cf7ffaaa5847b |
| institution | Directory of Open Access Journals |
| issn | 2227-7072 |
| language | English |
| publishDate | 2020-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| spelling | doaj-art-882ded8cedfb403c829cf7ffaaa5847b2025-08-19T23:56:51ZengMDPI AGInternational Journal of Financial Studies2227-70722020-05-01823210.3390/ijfs8020032Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0Amir Mehdiabadi0Mariyeh Tabatabeinasab1Cristi Spulbar2Amir Karbassi Yazdi3Ramona Birau4Department of Management, South Tehran Branch, Islamic Azad University, Tehran 1584743311, IranDepartment of Law, Payame Noor University, Tehran 1584743311, IranFaculty of Economics and Business Administration, University of Craiova, Craiova 200585, RomaniaYoung Researchers and Elite Club, South Tehran Branch, Islamic Azad University, Tehran 1584743311, IranFaculty of Education Science, Law and Public Administration, Constantin Brancusi University of Targu Jiu, Târgu Jiu 210135, RomaniaThe purpose of the present paper is to provide an advanced overview of the practical applications of Banking 4.0 in Industry 4.0. This paper examines the technology trends in the Fourth Industrial Revolution and identifies the key indicators behind the creation of a strategic map for the fourth-generation banks and their readiness to enter Industry 4.0. This paper examines a systematic review of fully integrated Banking 4.0 and the application of the technologies of Industry 4.0 and illustrates a distinct pattern of integration of Banking 4.0 and Industry 4.0. One of the prominent features of this article is the performance of successful global banks in applying these technologies. The results showed that Banking 4.0 in Industry 4.0 is an integrative value creation system consisting of six design principles and 14 technology trends. The roadmap designed for banks to enter Industry 4.0 and how they work with industrial companies will be a key and important guide.https://www.mdpi.com/2227-7072/8/2/32technologybanking 4.0industry 4.0roadmapdigitalizationbig data |
| spellingShingle | Amir Mehdiabadi Mariyeh Tabatabeinasab Cristi Spulbar Amir Karbassi Yazdi Ramona Birau Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0 technology banking 4.0 industry 4.0 roadmap digitalization big data |
| title | Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0 |
| title_full | Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0 |
| title_fullStr | Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0 |
| title_full_unstemmed | Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0 |
| title_short | Are We Ready for the Challenge of Banks 4.0? Designing a Roadmap for Banking Systems in Industry 4.0 |
| title_sort | are we ready for the challenge of banks 4 0 designing a roadmap for banking systems in industry 4 0 |
| topic | technology banking 4.0 industry 4.0 roadmap digitalization big data |
| url | https://www.mdpi.com/2227-7072/8/2/32 |
| work_keys_str_mv | AT amirmehdiabadi arewereadyforthechallengeofbanks40designingaroadmapforbankingsystemsinindustry40 AT mariyehtabatabeinasab arewereadyforthechallengeofbanks40designingaroadmapforbankingsystemsinindustry40 AT cristispulbar arewereadyforthechallengeofbanks40designingaroadmapforbankingsystemsinindustry40 AT amirkarbassiyazdi arewereadyforthechallengeofbanks40designingaroadmapforbankingsystemsinindustry40 AT ramonabirau arewereadyforthechallengeofbanks40designingaroadmapforbankingsystemsinindustry40 |