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- Title
ALGORITHMIC ECONOMY: A BIMODAL TRANSFORMATION IN U.S. BANKING.
- Authors
Callen-Naviglia, Jennifer; Alabdan, Rana
- Abstract
Information technology has become an indispensable part of the U.S. banking industry. The industries commitment to evolving advantageous technology is evident in the growing financial commitment to distributed ledger or "blockchain" technology. The advancing technology is transforming the configuration of the U.S. banking industry model established with the passing of the Federal Reserve Act in 1913. The present paper investigates the literature to provide an understanding of the transformation of the U.S. banking industry created by advancing technology.
- Subjects
UNITED States; BANKING industry; ECONOMICS; INFORMATION technology; BLOCKCHAINS; FEDERAL Reserve Act (U.S. : 1913)
- Publication
Issues in Information Systems, 2016, Vol 17, Issue 2, p9
- ISSN
1529-7314
- Publication type
Article