The Digital Transformation and Its Impact on Improving Investment Decisions in Egyptian Banks.

Author

Ahmed Mohamed Fakhry Abo Zekry
Mona Kadry
Farid Moharram Algarhy

Abstract

Technology represents an integral part in various fields and came as a natural result of the great technological development witnessed by the world. For example, if we look at the tremendous development in financial technology, how it began and what it has reached now, and how it has contributed to changing the lifestyle and the rapid interaction of this technology with human requirements in order to provide the best services and achieve them in a short time to alleviate the burdens of life and reduce daily pressures on humans. The development of payment processes from the beginning of the emergence of bank cards and their uses, and what has reached now from facilitating the movement of money through banking channels around the world, but rather the movement of money from banking channels to become in the form of cryptocurrencies and their movement from peer to peer outside banks, and despite what it contains From great risks, using it also has many advantages, which is what made many individuals and companies resort to dealing with it with confidence in the technological technology on which these currencies rely, which is Blockchain technology, and even expand its reliance on it in non-financial fields as well. All this came as a result of the digital transformation process in various fields. The positive effects of digital transformation have appeared in Egyptian banks in many ways, and banks have become reliant on financial technology not only in operating systems and services provided to customers, but also resorted to this great progress to analyze all the data available to the bank in order to get the best benefit from it as well as To analyze all the investment decisions of banks in order to reach the best decision, and the researcher concluded with a number of recommendations that highlight the importance of digital transformation and financial technology and reliance on modern technologies and their important role in improving investment decisions by Egyptian banks that achieve the goals of investing depositors’ money as well as avoiding The big risks resulting from investment.

Keywords: Digital Transformation – Investment Decisions – Banking sector

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