The impact of new information and computer technologies on bank performance
Izid: 2018 | Izid: 67 | Številka: 11 | Stran(i): 76-81
artificial intelligence bank performance big data fintech information and computer technology
In this paper we analyse the impact of new information and computer technology (ICT) on bank performance. We develop an econometric model on cross-section data of 28 EU countries for the year 2016. The Digital Economy and Society Index (DESI) is used as a tool to measure the use of ICT in the banking sector. The results of the model suggest that there is a significant connection between the banking sector performance and ICT. We believe that due to the changing market conditions in the banking sector, banks have no other choice but to invest heavily in ICT to boost performance.