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A STUDY ON THE IMPACT OF TECHNOLOGICAL ADVANCEMENT ON COMMUNITY BANK PERFORMANCE

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Date Issued:
2018
Abstract/Description:
This study investigates the impact of technological advancement in community bank lending, more specifically, how online financial product and service offerings affect community banks' performance. Community banks, institutions with assets under $1 billion are praised as relationship banking specialists, are important source of credit to individuals and businesses. Their productive performance is highly beneficial for the economic development of the communities and customers that they serve, yet community banks' competitive power against large banks has become increasingly more challenging. Technological advancements radically shift all production and service based industries, including the banking industry and its institutions' offerings. The increasing use of online products and services provides convenience for bank customers, and eventually creates more demand, and boosts up the industry competition. Regarding the impact of technological advancements in the banking industry and the specific position that community banks carries, the question arises of "How does a changing technological landscape affect community banks' performance?". This study aims to contribute to the understanding of how these institutions can better utilize their limited resources to improve their performances.
Title: A STUDY ON THE IMPACT OF TECHNOLOGICAL ADVANCEMENT ON COMMUNITY BANK PERFORMANCE.
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Name(s): Ong, Andre, Author
Kullu, A. Melih, Committee Chair
University of Central Florida, Degree Grantor
Type of Resource: text
Date Issued: 2018
Publisher: University of Central Florida
Language(s): English
Abstract/Description: This study investigates the impact of technological advancement in community bank lending, more specifically, how online financial product and service offerings affect community banks' performance. Community banks, institutions with assets under $1 billion are praised as relationship banking specialists, are important source of credit to individuals and businesses. Their productive performance is highly beneficial for the economic development of the communities and customers that they serve, yet community banks' competitive power against large banks has become increasingly more challenging. Technological advancements radically shift all production and service based industries, including the banking industry and its institutions' offerings. The increasing use of online products and services provides convenience for bank customers, and eventually creates more demand, and boosts up the industry competition. Regarding the impact of technological advancements in the banking industry and the specific position that community banks carries, the question arises of "How does a changing technological landscape affect community banks' performance?". This study aims to contribute to the understanding of how these institutions can better utilize their limited resources to improve their performances.
Identifier: CFH2000348 (IID), ucf:45788 (fedora)
Note(s): 2018-05-01
B.S.B.A.
College of Business Administration, Finance
Bachelors
This record was generated from author submitted information.
Subject(s): Technology
Technological Advancement
Community Bank
Performance
Florida
Relationship Lending
Online Financial Products
Online Financial Services
Persistent Link to This Record: http://purl.flvc.org/ucf/fd/CFH2000348
Restrictions on Access: public
Host Institution: UCF

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