The Impact of Information Technology on the Banking Industry

Resources:
The articles that I have gone through before selection of the four selected ones. Some of the articles
analysed are mentioned below:
1) https://www.princeton.edu/~ota/disk3/1984/8411/841103.PDF
2) https://www.bnymellon.com/_global-assets/pdf/our-thinking/innovation-in-payments-the-
future-is-fintech.pdf
3) https://www.researchgate.net/publication/
294873765_Impact_of_ICT_on_Effective_Financial_Management
4) https://www.pwc.com/gx/en/financial-services/publications/assets/pwc-the-future-shape-of-
banking.pdf
5) http://jlu.admin.dsolve.in/Files/PDF/Journal_2017.pdf#page=10
6) http://www.telkom.co.za/today/media/downloads/Technology_in_Financial_Services.pdf
7) http://pubman.mpdl.mpg.de/pubman/item/escidoc:2281585:4/component/escidoc:2281583/
mpifg_dp16_5.pdf

The four different articles that I have finalised include:
The impact of Information Technology on the Banking Industry: Theory and Empirics” penned by
Shirley J. Ho and Sushanta K. Mallick

“Digital Transformation in Banking- The Future of Banking”

“Information technology Payoff in E-business Environments: An International Perspective on Value
Creation of E-Business in the Financial Services Industry” stated by Kevin Zhu, Kenneth L. Kraemer &
Jason Dedrick

“Fraudulent Financial Reporting:”

The outlines that have been prepared include:
1.0 Brief summary
2.0 Common themes across four different articles
Article 1
Article 2
Article 3
Article 4
3.0 Different themes across four different articles
Article 1
Article 2
Article 3
Article 4
4.0 Managerial implications of the four articles
5.0 Study limitations and future research directions in four articles
First Draft
1.0 Brief summary
[a] Impact of technology
[b] IT application
2.0 Common themes across four different articles
Article 1: “ The impact of Information Technology on the Banking Industry: Theory and Empirics”
penned by Shirley J. Ho and Sushanta K. Mallick
[a] scrutiny of the influence of information technology (IT) in the banking industry
[b] Illustrates the way information technology can lessen operational cost; facilitate various
commercial transactions among consumers within same network
[c] this paper intends to illustrate the inconsistency model with specific network effects.
Article 2: “Digital Transformation in Banking- The Future of Banking”
[a] crucial transformation in the way banks along with other financial institutions learn about,
interact and satisfy their customers.
[b]transformation due to digital revolution

Article 3: “Information technology Payoff in E-business Environments: An International Perspective
on Value Creation of E-Business in the Financial Services Industry” stated by Kevin Zhu, Kenneth L.
Kraemer & Jason Dedrick
[a] evaluating the value of e-business at the level of the firm
[b] Technological readiness stems as the most important facet for worth of e-business, whilst
monetary assets, worldwide capacity along with authoritarian setting
[c] opinion that financial resources are also a significant facet in different developing nations,
technological abilities grow to be far more imperative in different urbanized nations
Article 4: “Fraudulent Financial Reporting:”
[a] significant corporate governance variances between fraud companies and no fraud benchmarks
on particularly an industry wide basis
[b] Revenue frauds occurring in different technology corporations and asset frauds along with
misappropriations
[c] Few audit committee whilst fraud companies operating in all the three different industries have
comparatively less dependent committee for audit and relatively less independent boards
3.0 Different themes across four different articles
Article 1: “ The impact of Information Technology on the Banking Industry: Theory and Empirics”
penned by Shirley J. Ho and Sushanta K. Mallick
[a] asset frauds along with misappropriations and ways to deals with advanced technologically
improved procedures
Article 2: “Information technology Payoff in E-business Environments: An International Perspective
on Value Creation of E-Business in the Financial Services Industry” stated by Kevin Zhu, Kenneth L.
Kraemer & Jason Dedrick
[a] The theme of e-business value and Technology-organization-environment taken into account
Article 3: “Digital Transformation in Banking- The Future of Banking”
[a] The theme talks about crucial transformation in banks along with other financial institutions,
helps in learning about, interacting and satisfying their customers
Article 4: “Fraudulent Financial Reporting:”

[a] fraud mechanisms and the way to overcome fraudulent financial practices using technological
developments
[
4.0 Managerial implications of the four articles
[a] matters of security as there is a component of risk at the time of exposing data for particularly
system consumption
[b]managers of financial institutions have the need to work with particularly their vendors to
comprehend policies of data as well as limitations of APIs
[c] managers can formulate innovative accounting information system that can help in establishment
of connections of business to business, connections between business to customers, and
development of accounting data base, warehouses of data and many others
[d] public/private cloud environment
5.0 Study limitations and future research directions in four articles
[a] digital transformation is way beyond conventional banking to a specific digital world
[b] six different facets includes technology readiness, worldwide scope, and financial assets, size of
firm, intensity of competition and regulatory environment , fails to consider other factors in this
study that might perhaps affect value creation of particularly e-business.