He, Zhiguo; Jiang, Sheila; Xu, Douglas; Yin, Xiao - National Bureau of Economic Research - 2022
improving banks' ability of soft information production and transmission, while investment in software IT helps enhance banks … communication (software) IT spending. We also find that the entry of fintech induces commercial banks to increase their investment …This paper studies the economics behind the investment in information technologies (IT) by U.S. commercial banks in the …