Paper Outline

Digital Money: Future Trends and Impact on Banking, Financial Institutions and e-Business

By

Liying Wu and Federico Fiallos

 

I.                    Abstract

Short summary stating the topic of the paper and why this research paper is important for senior mangers in banking, financial institutions and e-Business

 

II.                 Introduction

a.       Relevant figures about electronic payment

b.      History behind electronic payment

c.       Introduction of digital money

d.      Identify audience

e.       Description of paper contents

 

III.               Literature Review

a.       Subtopic 1: Different digital payment schemes

                                                               i.      Briefly introduce different digital payment schemes

                                                             ii.      Compare and analyze the differences among them

b.      Subtopic 2: Features of digital money

                                                               i.      Digital money differs from traditional electronic payment because of its anonymity, privacy and convenience.

                                                             ii.      Analyze the strengths and weakness of digital money

c.       Subtopic 3: How digital money can impact e-Business or e-Commerce?

                                                               i.      The trend of e-Business in the future

                                                             ii.      Potential financial benefits from digital money

                                                            iii.      Competitive advantages

d.      Subtopic 4: The roles that financial institutions will play in digital money?

                                                               i.      The roles of seniors managers

                                                             ii.      How digital money will lead to the future growth opportunities

e.       Critical Summary of Literature Review

                                                               i.      Summary of past research on digital money

                                                             ii.      Summary of strengths and weakness of past research

 

IV.              The Problem

a.       Statement of problem: how banks and financial institution’s business will be impacted if they fail to adopt digital money?

b.      Recommendation for CEOs and CFOs in banks/financial institution industry

 

V.                 Research Procedure

a.       Information systems subdivision:

                                                               i.      Organizational concept

                                                             ii.      System/software management

                                                            iii.      Evaluative research approach

1.      Conceptual analysis

2.      Literature Review

 

VI.              Conclusion

a.       Digital money is critical to the success of banks and financial institution

b.      Recommendation for senior managers: understand what digital money is and how it can benefit their company.

c.       Suggestions for future research: what is the cost of implementing digital money in small, middle or large size of company?

 

We have read the word document on how to format the paper, the web page on academic dishonesty and RIT’s APA Citation Format guide on how to cite references within the body of the paper and understand how to create the reference sheet.  We understand the information contained within those sources and realize the consequences of plagiarism.