Management of Innovation Processes of Russian Banks Based on Cluster Analysis
K Kurilov, D Bogatyrev, G Zabolotny
Available Online 17 March 2020.
- https://doi.org/10.2991/aebmr.k.200312.160How to use a DOI?
- The global financial system is an essential component of the global economy. Its role can be compared with the circulatory system that ensures the delivery of funds to economic entities. The total number of components of the global financial system is about 50,000 credit institutions, including microcredit financial institutions, the public sector, commercial banks, credit unions, cooperative banks, etc. The Russian financial system is presented by the Bank of Russia in Russia more than 876 credit organizations, including non-bank credit organizations. Most of them, about 91%, are banking organizations, about 9% are non-banking organizations. According to EY experts, most operations in the banking sector, such as payments and transfers, financing and capital management will be carried out using innovative approaches and technologies. This makes the development and management of the innovation process in Russian banks relevant. For the successful development and application of the innovation process in Russian banks, it is necessary to determine the development directions of the innovation process in the Russian banking sector. In order to determine the priority directions of development, it is advisable to divide financial organizations into groups depending on indicators reflecting the efficiency of their business activities. According to the results of the assessment, the existing set of global financial organizations was divided into 4 groups like the BCG matrix. On the basis of the analysis conducted, conclusions were made about the directions of innovative development for each of the groups.
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Cite this article
TY - CONF AU - K Kurilov AU - D Bogatyrev AU - G Zabolotny PY - 2020 DA - 2020/03/17 TI - Management of Innovation Processes of Russian Banks Based on Cluster Analysis BT - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020) PB - Atlantis Press SP - 1155 EP - 1161 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200312.160 DO - https://doi.org/10.2991/aebmr.k.200312.160 ID - Kurilov2020 ER -