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Tech Heavy Banks Fared Better During the Financial Crisis

Tech Heavy Banks Fared Better During the Financial Crisis

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FintechNews RoundupUSA
··1 min read

A recent paper explored how banks fared in the financial crisis, particularly how their adoption of IT played a role; data shows that tech focused banks made loans that turned out to be more resilient; data was compiled by taking the ratio of personal computers to employees in bank branches; this data the researches shared has a strong correlation to overall IT budget spending; they also looked at mortgages sold to Freddie Mac over the time period; In 2010, banks in the top 25% of IT adoption had about half the problem loans of those in the bottom 25%; Quartz shares more on the interesting findings. Quartz

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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