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The Internet and the Commercial Banking Industry: Strategic Implications from a US Perspective

In: Financial Intermediation in the 21st Century

Author

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  • William C. Hunter

    (Northwestern University)

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.

Suggested Citation

  • William C. Hunter, 2001. "The Internet and the Commercial Banking Industry: Strategic Implications from a US Perspective," Palgrave Macmillan Books, in: Zuhayr Mikdashi (ed.), Financial Intermediation in the 21st Century, chapter 3, pages 17-28, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29412-7_3
    DOI: 10.1057/9780230294127_3
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    Cited by:

    1. Robert DeYoung & William C. Hunter, 2001. "Deregulation, the Internet, and the competitive viability of large banks and community banks," Working Paper Series WP-01-11, Federal Reserve Bank of Chicago.
    2. Robert DeYoung, 2002. "New Bank Start-Ups: Entrepreneurs Funding Other Entrepreneurs," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 7(3), pages 61-76, Fall.

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