The Influence of The Banking System as A Security Factor of Financial Management and Control in the Republic of Serbia with the Application of an Innovative IT System
DOI:
https://doi.org/10.5281/zenodo.17968662Keywords:
IT systems , Digitization , Enterpriseing, Management, Top management, Decision-makingAbstract
The aim of the paper was to present the functioning of the banking system in a realistic and innovative way through three forms of introducing control with the aim of reducing business risks at all observed levels of business, with the application and presentation of the impact of IT systems on business. This was achieved by collecting a sufficient level of theoretical data in previous literature and comparing them with practical results regarding the relationship between the banking system and the application of IT systems that simulate all this. We conclude that observing the banking system is a very important and delicate task in the functioning of numerous legal entities in an economy, and it can be improved by applying IT systems that will support the functioning of the banking system. The umbrella framework of the banking system is the established central bank in an economy, which in real conditions in the functioning of the economy in the Republic of Serbia is the National Bank of the Republic of Serbia, which introduces controlling systems using an innovative IT system.
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