Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)

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Digital Technologies in Bank Retail Lending

Authors
V.P. Ivanitsky, T.V. Reshetnikova, A.I. Reshetnikov
Corresponding Author
V.P. Ivanitsky
Available Online 5 May 2020.
DOI
10.2991/aebmr.k.200502.181How to use a DOI?
Keywords
bank retail lending, digitalization, digital mortgage model
Abstract

The subject of this study is bank retail lending and its digital transformation in the context of the information society and financial market formation and development. Obtaining, keeping, protecting, disseminating, converting reliable information into digital form and more active use of digital technologies for providing financial banking products and services to the population are becoming a driver for the banking sector development as a whole and individual banking institutions in particular. Every year banks increase retail lending and expand loan products range. At the same time, the retail lending trends are characterized by both positive and negative factors. It is important to increase the volume of bank loans to individuals and at the same time preserve and improve the quality of bank loan portfolios, and reduce the severity of credit burden on the population. Digitalization of all spheres of the country’s socio-economic development is on the agenda of the Russia’s government. In the context of bank interest income decrease, it is essential to introduce innovative and digital technologies in banking processes, including retail lending. It is important to understand that personal loans share in the assets structure of Russia’s banks is growing. The opportunity to get a loan in order to buy a house, car, various goods is a significant component of people’s daily lives.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
5 May 2020
ISBN
978-94-6252-962-5
ISSN
2352-5428
DOI
10.2991/aebmr.k.200502.181How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - V.P. Ivanitsky
AU  - T.V. Reshetnikova
AU  - A.I. Reshetnikov
PY  - 2020
DA  - 2020/05/05
TI  - Digital Technologies in Bank Retail Lending
BT  - Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
PB  - Atlantis Press
SP  - 1095
EP  - 1100
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200502.181
DO  - 10.2991/aebmr.k.200502.181
ID  - Ivanitsky2020
ER  -