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Technological Change, Financial Innovation, and Diffusion in Banking

Frame, W. Scott - 2014

This paper discusses the technological change and financial innovation that has been experienced by commercial banking over the past 25 years. The paper first describes the role of the financial system in economies and how technological change and financial innovation can improve social welfare....

Persistent link: https://www.econbiz.de/10013070990

Financial technology in a South African banking institution to achieve strategic sustainability

Panday, Lomesh; Nyawo, Jabulani C.; Vilakazi, Mlondi B. F. - In: South African journal of business management 55 (2024) 1, pp. 1-10

Purpose: The aim of this article was to better understand the alignment of banking business models with disruptive technologies. Design/methodology/approach: An explorative study was used to uncover participants' views of technology adoption in a particular banking institution in South Africa....

Persistent link: https://www.econbiz.de/10015199746

On the Fintech Revolution : Interpreting the Forces of Innovation, Disruption and Transformation in Financial Services

Gomber, Peter - 2018

Firms in the financial services industry have been faced with the dramatic and relatively recent emergence of new technology innovations, and process disruptions. The industry as a whole, and many new fintech start-ups are looking for new pathways to successful business models, the creation of...

Persistent link: https://www.econbiz.de/10012917586

Innovation diffusion, technological convergence and economic growth

Andergassen, Rainer; Nardini, Franco; Ricottilli, Massimo - 2013

The paper investigates the mechanics through which novel technological principles are developed and diffused throughout an economy consisting of a technologically heterogeneous ensemble of firms. In the model entrepreneurs invest in the discovery and in the diffusion of a technological principle...

Persistent link: https://www.econbiz.de/10011730583

Financial innovation and bank financial performance : evidence from Nigerian deposit money banks

Ashiru, Olawale; Balogun, Gift; Paseda, Oluseun - In: Research in globalization 6 (2023), pp. 1-7

, internet, and automated teller machines (ATMs) on banks' financial performance. Schumpeter's Theory of Innovation Diffusion and … availability, this study considers the causal effect of innovation on commercial bank performance via Granger causality test. The … period from NDIC annual reports, the Nigeria Inter-Bank Settlement System (NIBSS), and the Central Bank of Nigeria …

Persistent link: https://www.econbiz.de/10014331446

Technological change and financial innovation in banking : some implications for fintech

Frame, W. Scott; Wall, Larry D.; White, Lawrence J. - 2018

Financial intermediation has changed dramatically over the past 30 years, due in large part to technological change. The paper first describes the role of the financial system in a modern economy and how technological change and financial innovation can affect social welfare. We then survey the...

Persistent link: https://www.econbiz.de/10011913654

The Convergence Implications of Biased Technological Diffusion

Rahman, Ahmed - 2007

This paper presents a model of a developing economy that endogenizes both technological biases and demographic trends. As knowledge diffuses from foreign R&D-producing regions, potential innovators decide which technologies to develop after considering available factors of production, and...

Persistent link: https://www.econbiz.de/10014049999

How Did the General Purpose Technology 'Electricity' Contribute to the Second Industrial Revolution (II) : The Communication Engines

van der Kooij, Bouke J.G - 2018

The concept of the General Purpose Technology (GPT) of the late 1990s is a culmination of many evolutionary views in innovation-thinking. By definition the GPT considers the technical, social, and economic effects of meta-technologies like steam-technology and electric technology. This paper...

Persistent link: https://www.econbiz.de/10014115436

Technological Interdependencies Predict Innovation Dynamics

Pichler, Anton; Lafond, Francois; Farmer, J. Doyne - 2020

We propose a simple model where the innovation rate of a technological domain depends on the innovation rate of the technological domains it relies on. Using data on US patents from 1836 to 2017, we make out-of-sample predictions and fond that the predictability of innovation rates can be...

Persistent link: https://www.econbiz.de/10014101485

Chapter 2. Technology Diffusion: Measurement, Causes, and Consequences

Comin, Diego; Mestieri, Martí - 2014

This chapter discusses different approaches pursued to explore three broad questions related to technology diffusion: what general patterns characterize the diffusion of technologies, and how have they changed over time?; what are the key drivers of technology?; and what are the macroeconomic...

Persistent link: https://www.econbiz.de/10014025595