The System of Financial Support of Management Technology in Commercial Banks Cover Image

Система фінансового забезпечення технологій управління діяльністю комерційного банку
The System of Financial Support of Management Technology in Commercial Banks

Author(s): Oleksiy Gutsalyuk
Subject(s): Economy, National Economy, Business Economy / Management, Micro-Economics, Financial Markets, Socio-Economic Research
Published by: Кіровоградський національний технічний університет
Keywords: financial support; system of management technologies; self-financing; venture capital financing; financing by debt securities

Summary/Abstract: The concept of «financial security» was analyzed and copyright variations of definitions have been provided by the author. The system of financial support for technology implementation management in the bank's activities was formed based on the study of the main elements of the system. Special attention was paid to the methods of financial support with the allocation of advantages and disadvantages to determine the feasibility of their using in banks. The aim of the article is formation the system of financial security of management technologies of a commercial bank in view of modern features of economic development. The first step is to create the system of financial security of management technologies in banking activities, which will provide the completeness, timeliness and continuity of management processes that ensure the efficiency of individual commercial bank and sustainable development of the banking system as a whole. We propose to define the financial support as a set of economic relations that relating to the involvement and use of financial resources for the implementation of defined goals. In our study, this goal is the introduction of technology management of the commercial bank. In our study, this goal is the introduction of management technologies of a commercial bank. The system of financial security of management technologies, which has a clear structure and elemental composition. In such a system we should take into account such components as the principles, objectives, functions, methods, consistency and result.