Transformation of financial management in Jinan’s banking industry: Driving Factors, implementation, and strategic optimization
Xiuni Sun
Baliuag University Doctor in Business Administration
DOI: https://doi.org/10.59429/bam.v7i1.9576
Keywords: Digital transformation; Financial management; Implementation measures; Data security; Strategic planning
Abstract
This study explores the digital financial management transformation of the banking industry in Jinan, Shandong Province, China. Employing quantitative research methods, it analyzes driving factors, implementation measures, and effects of the transformation, while identifying challenges faced. The results, based on a sample of 305 employees from major banks, indicate a high level of digital transformation with significant impacts from implementation measures. However, areas like technology integration and data security require improvement. A strategic plan is proposed to optimize the digital transformation for better operational efficiency, resource allocation, and customer experience.
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