<?xml version='1.0' encoding='utf-8'?>
<!DOCTYPE article PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Publishing DTD v1.2 20190208//EN" "http://jats.nlm.nih.gov/publishing/1.2/JATS-journalpublishing1.dtd">
<article article-type="research-article" dtd-version="1.2" xml:lang="ru" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink"><front><journal-meta><journal-id journal-id-type="issn">2409-1634</journal-id><journal-title-group><journal-title>Research result. Economic Research</journal-title></journal-title-group><issn pub-type="epub">2409-1634</issn></journal-meta><article-meta><article-id pub-id-type="doi">10.18413/2409-1634-2021-7-4-0-10</article-id><article-id pub-id-type="publisher-id">2600</article-id><article-categories><subj-group subj-group-type="heading"><subject>FINANCE</subject></subj-group></article-categories><title-group><article-title>Development of Internet banking&amp;nbsp;as an innovative distribution channel in Syria</article-title><trans-title-group xml:lang="en"><trans-title>Development of Internet banking&amp;nbsp;as an innovative distribution channel in Syria</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><name-alternatives><name xml:lang="ru"><surname>Ragheed</surname><given-names>Yousef</given-names></name><name xml:lang="en"><surname>Ragheed</surname><given-names>Yousef</given-names></name></name-alternatives><email>ragheed.Y@hama-univ.edu.sy</email></contrib><contrib contrib-type="author"><name-alternatives><name xml:lang="ru"><surname>Vaganova</surname><given-names>Oksana V.</given-names></name><name xml:lang="en"><surname>Vaganova</surname><given-names>Oksana V.</given-names></name></name-alternatives><email>vaganova@bsuedu.ru</email></contrib></contrib-group><pub-date pub-type="epub"><year>2021</year></pub-date><volume>7</volume><issue>4</issue><fpage>0</fpage><lpage>0</lpage><self-uri content-type="pdf" xlink:href="/media/economic/2021/4/Экономические_исследования_Рагид_Ю__96-103.pdf" /><abstract xml:lang="ru"><p>The banking industry is one of the economic sectors most affected by technological changes to the extent that these developments are instantaneously reflected in the banking industry. Demand for web banking products has increased as a result of increased understanding of customer-centric services, lower accessibility costs, a competitive market structure and consumers&amp;#39; desire to offer banking products quickly, efficiently and productively.

The competitive advantage offered by electronic banking services to banks is shown in terms of location, cost and time. At the moment, the focus is on the latest technologies to achieve a competitive advantage. In this context, Internet banking is the most important component of electronic banking services. Besides its great diversity, innovative banking services have been in great demand for years. This study investigates the development of the Internet banking and its tools used in the Syrian banking market. This study examines the effectiveness of using innovative services and analyzing their structure in Syria. The study concluded that Internet banking is developing significantly through the increase in the number of Internet banking users and the number of these services. On the other hand, by comparing with other economies, we find that the degree of development of the banking Internet has not yet reached the required degree. When considering this position for the spread of electronic services, it is more than important to take some precautions. Overcoming the contradictions between the web infrastructure and security of the banking industry, diversifying banking products, and strengthening the understanding of the trend of Internet banking usage will be increasingly effective in accelerating the development of Internet banking.

&amp;nbsp;</p></abstract><trans-abstract xml:lang="en"><p>The banking industry is one of the economic sectors most affected by technological changes to the extent that these developments are instantaneously reflected in the banking industry. Demand for web banking products has increased as a result of increased understanding of customer-centric services, lower accessibility costs, a competitive market structure and consumers&amp;#39; desire to offer banking products quickly, efficiently and productively.

The competitive advantage offered by electronic banking services to banks is shown in terms of location, cost and time. At the moment, the focus is on the latest technologies to achieve a competitive advantage. In this context, Internet banking is the most important component of electronic banking services. Besides its great diversity, innovative banking services have been in great demand for years. This study investigates the development of the Internet banking and its tools used in the Syrian banking market. This study examines the effectiveness of using innovative services and analyzing their structure in Syria. The study concluded that Internet banking is developing significantly through the increase in the number of Internet banking users and the number of these services. On the other hand, by comparing with other economies, we find that the degree of development of the banking Internet has not yet reached the required degree. When considering this position for the spread of electronic services, it is more than important to take some precautions. Overcoming the contradictions between the web infrastructure and security of the banking industry, diversifying banking products, and strengthening the understanding of the trend of Internet banking usage will be increasingly effective in accelerating the development of Internet banking.

&amp;nbsp;</p></trans-abstract><kwd-group xml:lang="ru"><kwd>Internet banking</kwd><kwd>innovative banking services</kwd><kwd>Syrian banking market</kwd><kwd>obstacles to development</kwd><kwd>electronic banking services tools</kwd></kwd-group><kwd-group xml:lang="en"><kwd>Internet banking</kwd><kwd>innovative banking services</kwd><kwd>Syrian banking market</kwd><kwd>obstacles to development</kwd><kwd>electronic banking services tools</kwd></kwd-group></article-meta></front><back><ref-list><title>Список литературы</title><ref id="B1"><mixed-citation>Burulina T.A., Yudenkov Yu.N. (2019). Remote banking / T.A. Burulina, Yu.N. Yudenkov // Symbol of Science. &amp;ndash; 2019. &amp;ndash; No. 8. &amp;ndash;</mixed-citation></ref><ref id="B2"><mixed-citation>Pp. 19-27.</mixed-citation></ref><ref id="B3"><mixed-citation>Information content of the agent model of spatial development of Russia based on data from regional and federal information systems Mamatov A.V., Banchuk Yu.A., Mashkova A.L. In the collection: Information technologies in science, education and production (ITNOP-2018). VII International Scientific and Technical Conference. Proceedings of the conference. 2018. pp. 285-290.</mixed-citation></ref><ref id="B4"><mixed-citation>Zubakina Yu.K. (2019). Internet banking as a modern form of banking services / Yu.K. Zubakina // Young Scientist. &amp;ndash; 2019. &amp;ndash; No. 22 (260). Pp. 526-528.</mixed-citation></ref><ref id="B5"><mixed-citation>Kudryashov V.S., Zagoskina E.O. (2017). Internet banking in the Russian Federation: problems and development prospects /</mixed-citation></ref><ref id="B6"><mixed-citation>V.S. Kudryashov, E.O. Zagoskin // Yuvenis scientia. &amp;ndash; 2017. &amp;ndash; No. 4. &amp;ndash; Pp. 27-31.</mixed-citation></ref><ref id="B7"><mixed-citation>Yusupova O. A. (2020). Digitalization of payments and the efficiency of Internet banking // Digital transformation in the economy of the transport complex. Development of digital ecosystems: science, practice, education, 2020. &amp;ndash;</mixed-citation></ref><ref id="B8"><mixed-citation>Pp. 380-384.</mixed-citation></ref><ref id="B9"><mixed-citation>Yusef R., Vaganova O.V. (2020). Threats to the security of electronic banking systems in modern conditions // Sustainable Development. &amp;ndash; 2020. No. 4. &amp;ndash; Pp. 216-221.</mixed-citation></ref><ref id="B10"><mixed-citation>Active customer number to use internet banking in Syria, 2021 [Электронный ресурс]. URL: https://eservices.cbs-bank.sy/ar/customers/about-services. (дата обращения: 01.06.2021).</mixed-citation></ref><ref id="B11"><mixed-citation>Yan N. A., Subramani A. K., Chebolu R. M., Sasikala M. S. (2020). Examining the factors influencing adoption of e-banking services in chennai city // Serbian Journal of Management. -- 2020. -- T. 15, № 2. -- C. 181-192.</mixed-citation></ref><ref id="B12"><mixed-citation>Non-financial process made by the internet banking [Электронный ресурс]. URL: https://eservices.cbs-bank.sy/ar/customers/transfer. (дата обращения: 01.06.2021).</mixed-citation></ref><ref id="B13"><mixed-citation>Number of ATM, POS, Bank Card and Credit Card in Syria, 2021. [Электронный ресурс]. URL: https://cbs-bank.sy/sites/default/files/annual-reports/ar-2020.pdf. (дата обращения: 01.06.2021).</mixed-citation></ref><ref id="B14"><mixed-citation>Process number change of internet banking investment process in Syria, 2021. [Электронный ресурс]. URL: https://eservices.cbs-bank.sy/ar/customers/bills. (дата обращения: 01.06.2021).</mixed-citation></ref><ref id="B15"><mixed-citation>Fliginskih T.N., Vaganova O.V., Solovjeva N.E., Bykanova N.I., Ragheed Y., Usatova L.V., (2020). The Impact of E-Banking on Performance of Banks: Evidence From Russia // Journal of Advanced Research in Dynamical and Control Systems. 2020. Т. 12. № S4: 231-239.</mixed-citation></ref><ref id="B16"><mixed-citation>&amp;nbsp;Vaganova O., Zakharov V., Solovjeva N., Sidibe M., (2020). Establishing an Agro-Industrial Complex Innovative Development Mechanism // Advances in Economics, Business and Management Research. Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic,</mixed-citation></ref><ref id="B17"><mixed-citation>Financial and Credit Systems (DEFCS 2020).</mixed-citation></ref><ref id="B18"><mixed-citation>Vol. 157. Belgorod State National Research University. 2020: 74-77.</mixed-citation></ref></ref-list></back></article>