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Challenges And Prospects Of E-Commerce Management In The Banking Sector

Author

Listed:
  • Davit Katamadze

    (Batumi Shota Rustaveli State University)

  • George Abuselidze

    (Batumi Shota Rustaveli State University)

  • Guliko Katamadze

    (Batumi Shota Rustaveli State University)

  • Anna Slobodianyk

    (National University of Life and Environmental Sciences of Ukraine)

Abstract

In the context of the globalization of the world economy, e-commerce plays an important role in the development of the banking sector. In particular, by using the global Internet, it significantly reduces the time and financial costs of banking operations, which enable banks to conduct financial transactions faster, deliver new banking products and increase their customer base. Consequently, at the present stage, the countries that use e-commerce extensively in the banking sector are developing the fastest. Given the scarce economic resources of our country, the Internet economy is the means by which it is possible to achieve greater socio-economic effects, the development of trade, currency and credit relations. In Georgia, these opportunities are not used properly. The reason for this is the challenges in e-commerce in the banking sector of our country and the mismanagement of their elimination processes.

Suggested Citation

  • Davit Katamadze & George Abuselidze & Guliko Katamadze & Anna Slobodianyk, 2021. "Challenges And Prospects Of E-Commerce Management In The Banking Sector," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 18(1), pages 19-32.
    • Handle: RePEc:neo:journl:v:18:y:2021:i:1:p:19-32
    DOI: 10.37708/em.swu.v18i1.2
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    References listed on IDEAS

    as
    1. Katamadze Davit & Abuselidze George & Katamadze Guliko & Slobodianyk Anna, 2019. "Bank Marketing Problems And Some Aspects Of Their Management," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 16(2), pages 120-130.
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      More about this item

      Keywords

      E-Commerce; Banks; Banking Products; Banking; Cyber Security; Banking Process Management;
      All these keywords.

      JEL classification:

      • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
      • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
      • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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