Book chapter
The Internet and the Commercial Banking Industry: Strategic Implications from a US Perspective
Financial Intermediation in the 21st Century, pp.17-28
Palgrave
2001
DOI: 10.1057/9780230294127_3
Abstract
The banking industry provides an interesting and important case study of how changes in technology and regulation influence competitive structure, business strategy and industrial evolution. Indeed a narrow focus on traditional bank products and performance measures conditioned on the rapid pace of technological change confronting the industry would lead one to conclude that banking is essentially a declining industry. In fact, according to some observers the commercial bank — an institution that conducts the twin activities of accepting deposits payable on demand and originating loans — has outlived its usefulness. Such a focus, however, misses most of the true innovations that have taken place in the industry in recent years — most notably the move towards off-balance-sheet and information-based activities. A broader perspective shows banks evolving in ways that are enabling them to provide the same basic functions as before, but in new, more efficient ways.
Details
- Title: Subtitle
- The Internet and the Commercial Banking Industry: Strategic Implications from a US Perspective
- Creators
- William C. Hunter - Northwestern University
- Contributors
- Zuhayr Mikdashi (Editor)
- Resource Type
- Book chapter
- Publication Details
- Financial Intermediation in the 21st Century, pp.17-28
- DOI
- 10.1057/9780230294127_3
- Publisher
- Palgrave; Houndmills, Basingstoke, Hampshire
- Language
- English
- Date published
- 2001
- Academic Unit
- Finance
- Record Identifier
- 9984963130902771
Metrics
1 Record Views