Digital Transformation of the Financial Industry: Approaches and Applications

Preface
Introduction
	Abstract
	Fintech Development in the CEE Region
	Outline of the Book
		Part I
		Part II
	References
Contents
Effects of ERP on Accounting Information System: Analysis of Accountants´ Attitudes
	1 Introduction
	2 Theoretical Background
	3 Literature Review
		3.1 Effects of ERP on the Accounting Process
		3.2 Effects of ERP on Accountants
	4 Methodology
	5 Results and Discussion
		5.1 Descriptive Analysis
		5.2 Correlation Analysis
	6 Conclusions
	References
Impact of Digitalization on the Accounting Profession
	1 Introduction
	2 XBRL as an Instrument to Support Corporate Reporting
	3 The Role of Accountants in the Business Digitalization
	4 Conclusion
	References
The Impact of Digitalization on Audit
	1 Introduction
	2 Digital Technologies in Audit
		2.1 The Need for a Digital Audit
		2.2 Current Trends and Opportunities of Big Data in Audit
		2.3 Current Trends and Opportunities of Artificial Intelligence in Audit
		2.4 Current Trends and Opportunities of Blockchain Technology in Audit
		2.5 Current Trends and Opportunities of Robotic Process Automation in Audit
	3 Research
		3.1 Data and Methodology
		3.2 Results
	4 Discussion
	5 Conclusion
	References
The Effect of Innovation Through Intangible Assets on Company´s Profitability
	1 Introduction
	2 Literature Review
	3 Methodology and Sample
	4 Results and Discussion
	5 Conclusions
	References
Disrupting the Stock Market: Stocks Gone Crypto
	1 Introduction
	2 Disruption in the Corporate Setting
	3 Value Creation Potential of ``Crypto´´ Markets
		3.1 Spillover, Investment and Trading of Different Asset Classes
		3.2 Investor Reaction to the Corporate ``Crypto´´ Events
	4 Case Studies
	5 Methodology
	6 CEE Public Companies Going ``Crypto´´
		6.1 Allegro (Poland)
		6.2 CD Projekt S. A. (Poland)
		6.3 AVAST (Czech Republic)
	7 Conclusion
	References
The Future of Banking in FinTech Era: Decentralized and Embedded Finance
	1 Introduction
	2 Literature Review
		2.1 Banking Industry and FinTech
		2.2 Decentralized Finance: DEFI and Embedded Finance
	3 Methodology
	4 Results
	5 Conclusion
	References
Digital Transformation of the Serbian Car Insurance Industry: A Mixed-Method Approach
	1 Introduction
	2 Background
		2.1 Digital Transformation of Incumbent Insurance Companies
		2.2 Resource-Based View of Digital Transformation in Insurance
	3 Methodology
		3.1 Research Instrument
		3.2 Sampling Procedure
		3.3 Data Processing
	4 Results
		4.1 General Attitudes Toward Insurtech
		4.2 Attitudes Toward the Digitalization of Car Insurance
	5 Discussion and Conclusions
		5.1 Key Findings and Contributions
		5.2 Implications
		5.3 Limitations and Further Recommendations
		5.4 Concluding Remarks
	References
InsurTech: New Competition to Traditional Insurers and Impact on the Economic Growth
	1 Introduction
	2 The Review of Digitization Trends in Insurance
	3 Insurtech: The Concept, Differences, and New Competition to Traditional Insurance
	4 Trends of Insurtech as a New Competition
	5 Contribution of Insurtech to the Economic Growth
	6 Conclusion
	References
Customers Intention in Terms of Using Mobile Banking Services in Serbia
	1 Introduction
	2 Literature Review
	3 The Hypotheses Development and Research Framework
	4 Research Methodology
	5 Research Results
	6 Conclusion
	References
New Ways of Providing Public Services: Platforms of Service Provision and the Role of Artificial Intelligence: In the Light of...
	1 Introduction
	2 Methods
	3 Hypotheses
	4 Evolvement and Development of Platforms in the Hungarian Public Administration
	5 The Role of Artificial Intelligence in Public Administration
		5.1 Starting Points and Theoretical Framework
		5.2 Types of Public Administration and the Potential of AI
		5.3 Challenges and Responses in the Relationship Between Public Administrations and Artificial Intelligence
	6 `No Country for Municipalities´: Platforms as a New Tool of Centralisation?
		6.1 Fragmented Municipal System as a Framework of the Municipal Platforms
		6.2 Platforms and Municipal Governance: Towards a New Type of Centralisation?
	7 Concluding Remarks
	References
Preventing the Abuse of the FinTech Sector for Money Laundering and Fiscal Fraud in Terms of Polish Law: Legal Measures and Po...
	1 Introduction
	2 Methodology and Sources of Law
	3 Hypotheses
	4 Legal Institutions Against Money Laundering
	5 Legal Institutions for the Countering the Use of the Finance Sector for Fiscal Fraud
	6 Conclusions
	References
Digital Payment Systems: State and Perspectives
	1 Introduction
	2 Digital Payment Methods
		2.1 Debit and Credit Cards
		2.2 Online Credits
		2.3 Vouchers/Coupons
		2.4 P2P Payments
		2.5 Social Pay
		2.6 Micropayments
		2.7 Mobile Payments
		2.8 NFC
		2.9 Mobile Wallets
		2.10 Sound Waves
		2.11 QR
		2.12 SMS
		2.13 Direct Carrier Billing
	3 The Role of Emerging Technologies in Digital Payment Systems
		3.1 Blockchain Technologies and Digital Payments
		3.2 Artificial Intelligence for Digital Payments
	4 Discussion and Implications
		4.1 Implications
	5 Conclusion
	References
Leveraging Open Banking: Challenges and Opportunities
	1 Introduction
	2 Open Banking
		2.1 Key Concepts, Definitions, and Standards
		2.2 Banking-as-a-Service (BaaS)
		2.3 New Business Models and Examples Based on Open Banking
	3 Employing Blockchain in Open Banking
	4 Methodology
		4.1 Research Context
		4.2 Research Questions
		4.3 Instruments
		4.4 Research Sample
	5 Results
	6 Conclusion
	References
FinTech Innovations as Disruptor of the Traditional Financial Industry
	1 Introduction
	2 Fintech Innovations
	3 Disruptive Innovations
	4 Disruptor of the Traditional Financial Industry
	5 Conclusion
	References
Cybercrime and Cyber Security in Fintech
	1 Introduction
	2 Identification, Description of Threats and Dangers of Cybercrime in Fintech
		2.1 The Most Significant Attacks in the Financial Sectors
			2.1.1 Phishing
			2.1.2 Ransomware
			2.1.3 DDoS Attacks
			2.1.4 Attacks on the Supply Chain
			2.1.5 Bank Drops
			2.1.6 ATM ``Jackpotting´´
	3 Literature Analysis
		3.1 Fintech
		3.2 Cybercrime
		3.3 Cyber Security
		3.4 Analysis of Research Results
	4 Identified Problems and Potential Solutions in Fintech
		4.1 Guidelines for Future Research in the Field of Financial Technologies
	5 Cryptocurrencies
	6 Conclusion
	References
Mobile Applications for Personal Finance Management: Technology Acceptance Perspective
	1 Introduction
	2 Review of Literature
		2.1 Personal Finance
		2.2 Financial Literacy
		2.3 Technology Acceptance Model
		2.4 UTAUT Model (Unified Theory of Acceptance and Use of Technology)
		2.5 UTAUT2
	3 Research Methodology
	4 Results and Analysis
	5 Conclusion
	References
Digital Payment Systems for Small to Middle-Sized Enterprises in Serbia
	1 Introduction
	2 Literature Review
	3 Methodology
	4 Results
	5 Discussion
	6 Conclusion
	References
Digital Payment Systems on High-Speed Railway Belgrade-Novi Sad with a Comparative Analysis
	1 Introduction
	2 Background
	3 FSM: Full-Service Model
	4 The Roadmap for Selling Railway Tickets
		4.1 An Electronic Database for Train Ticket Control
		4.2 Asian Railways
		4.3 Railways in the Region
		4.4 Railways in Developing Countries
		4.5 E-Ticketing in Railway Freight Transport
	5 The Beginning and Development of e-Ticketing in Serbian Railways
		5.1 The European Reservation System (EPA)
		5.2 Electronic Issuing of International Train Tickets
		5.3 E-Ticket (Ekarta): Online Ticket Sales in Intercity Traffic
	6 Construction of the First Serbian High-Speed Railway Belgrade-Novi Sad, with a Speed of 200 km/h
	7 Digital Payment Systems on the High-Speed Railway Belgrade-Novi Sad
		7.1 Online Sale of Train Tickets
		7.2 Sale of Train Tickets Through Digital Sales Channels
		7.3 Number of Passengers per Station with Tickets Purchased Through Digital Sales Channels
		7.4 Passengers About Digital Channels of Train Ticket Sales
	8 Future Research Directions
	9 Conclusion
	References