Larry Leifer

Bio: Larry Leifer is an academic researcher. The author has contributed to research in topics: Financial services & Back office. The author has an hindex of 1, co-authored 1 publications receiving 9 citations.

Digital Banking 2025

Abstract: As time-to-market for digital banking products becomes shorter and shorter, thousands of Financial Technology (FinTech) startups and other non-banks are rising to the occasion by developing new products, services, and business models for all areas of banking in payments,investments, and financing along the entire value chain, touching all areas from front to back office, as client adoption of these new services accelerates. The lighting Company Osram, for example, recently had to reduce its worldwide staff from 34,000 to 26,000 due to the unexpected speed of clients’ adoption of new LED technology. By contrast, a financial services company such as Wealthfront is still small, having reached almost USD 4.5 billion in managed assets. Such companies develop very quickly and establish new ecosystems with other non-banks and incumbents in the financial services industry.

Customers attitude toward Islamic mobile banking in Indonesia: Implementation of TAM

Abstract: Purpose : This study aims to test consumer acceptance of mobile banking Islamic banks using the Technology Acceptance Model. The concept of mobile banking is used to examine the role of banking in facilitating mobile consumer financial transactions. Methodology : This study uses a survey with a sample of 179 users of mobile banking applications Islamic banks in Central Java and Yogyakarta. Data analysis used in this study is SEM with AMOS software assistance Findings : All hypotheses are supported. Based on the consumer's perspective, mobile banking is an opportunity for the Islamic finance industry. However, mobile banking will transform very quickly and brought new challenges in the era of industry 4.0. Originality: This study enrich the discussion in the literature by retesting the technology acceptance model (TAM) to explain the usage of mobile banking of Islamic bank.

The potential of digital banking to handle the Covid-19 pandemic crisis: Modification of UTAUT model for Islamic finance industry

Abstract: Purpose – This research aims to examine the driving factors for the adoption of digital banking of Islamic banks during the COVID-19 pandemic, to explore the development of specific UTAUT2 model for Islamic financial technology, and to investigate factors that need to be improved in digital banking services of Islamic banks based on customer perspectives. Methodology – This research is divided into three. The first study is an empirical testing of UTAUT2 model modified by adding trust and satisfaction variables. The second study is an exploratory study of potential construct for the development of UTAUT model in Islamic Financial Technology. Third, it is an exploratory study aiming to identify problems and to search for policy advice to improve digital banking service of Islamic banks. This research used self-administered survey that involved 845 respondents from several cities in Indonesia. Open and closed question design was used to obtain complementary data. After that, the data were analyzed using SEM-PLS 7.0 and SPSS 23. Findings – The results of this study shows that people have trust, acceptance, and satisfaction on the digital banking service of Islamic banking technology. There are seven hypotheses in this study supported empirically. There are 20 factors that became the main reasons of customers to use the digital banking service of Islamic banking technology and 32 factors that needed to be improved by Islamic banks based on the customers’ perspective. After that, the researcher grouped them into seven policy advices for digital banking service of Islamic banking technology, where these factors can be taken into consideration to improve the competitiveness of the Islamic Finance Industry in Indonesia. Originality – In addition to testing and modifying the UTAUT2 model during the COVID-19 pandemic, this study also explores the possibility of new variables arising from customers’ perception, where the data will be used to submit new variables/models that are more specific to the acceptance of Islamic financial technology. Furthermore, this study also aims to explore several obstacles in the digital banking service of Islamic banking technology.

Systematic review of omni-channel banking and preview of upcoming developments in Germany

Abstract: Keyword, title, abstract Full-text

The Future of Retail Banking in Europe: Competition and Regulatory Challenges

Abstract: This report brings together in a single volume the excellent contributions presented at the high-level conference on “The Future of Retail Banking in Europe: Competition and Regulatory Challenges” held at CEPS on the 10th of June 2009. The conference was jointly organized by the European Credit Research Institute (ECRI) and the Deutsche Institut fur Wirtschaftsforschung (DIW Berlin) and coincided with the 10th anniversary of the founding of ECRI. While most of the debate about the crisis dealt with the banking industry as a whole and the stabilization policies introduced by governments, especially central banks, this volume drew attention to the micro economic specifics of banking. By starting with the basics underlying financial markets, we acquire a better understanding of the many facets of business practices, which in turn allows us to identify possible market failures. The identified market failures serve as a starting point for the design of optimal policies in the arenas of competition policy and consumer protection.

Explore Big Data Analytics Applications and Opportunities: A Review

Abstract: Big data applications and analytics are vital in proposing ultimate strategic decisions. The existing literature emphasizes that big data applications and analytics can empower those who apply Big Data Analytics during the COVID-19 pandemic. This paper reviews the existing literature specializing in big data applications pre and peri-COVID-19. A comparison between Pre and Peri of the pandemic for using Big Data applications is presented. The comparison is expanded to four highly recognized industry fields: Healthcare, Education, Transportation, and Banking. A discussion on the effectiveness of the four major types of data analytics across the mentioned industries is highlighted. Hence, this paper provides an illustrative description of the importance of big data applications in the era of COVID-19, as well as aligning the applications to their relevant big data analytics models. This review paper concludes that applying the ultimate big data applications and their associated data analytics models can harness the significant limitations faced by organizations during one of the most fateful pandemics worldwide. Future work will conduct a systematic literature review and a comparative analysis of the existing Big Data Systems and models. Moreover, future work will investigate the critical challenges of Big Data Analytics and applications during the COVID-19 pandemic.