전자금융의 발달이 금융산업의 경쟁력에 미치는 영향에 관한 연구

Abstract

The Banking Industry represents an interesting and important case study of how changes in technology and regulation influence business strategy and industry evolution. In my remarks today, I will take an economist's approach to analyzing the development of electronic banking and its implications for the future of banking. The scope of this project is to bring together information about money, electronic money, and how electronic money may difuse through society. Key point is Technological innovations have increased competition in the financial services industry, which has forced banks to concentrate on the essentials of liquidity. Beneath the surface reality of dramatic changes in financial products and services, the fundamental banking business of liquidity provision is alive and well. In fact, there are only a limited member of ways in which long-run profits can be made. The holy grail for all banks continues to be to find captive customers who are price-insensitive. Barring this, banks must innovate continuously, or find scale economies that enable them to become the low cost product so that profits from innovation or scale can be reaped over a longer period.(Reduction of operating expenses Internet bank = 15% to 20%, commercial bank = 60%). Even though fundamental competencies have not change, banks in order to compete can pursue different strategies in a world of electronic banking. Electronic banking is inevitable. With the advent of electronic banking, much controversy has surfaced over which laws will be applied to banking and how they will be applied and there are many avenues through which on could address issues posed by electronic money and banking. Three primary avenues include the role of government in regulation of financial institutions; changes in the competitive environment facing financial institutions. While it poses a great challenge to the banking community, it also provides banks with an enormous opportunity. If banks are smart and work together in a cooperative manner among themselves and with strategic partnes, the will not only strengthen their customer relationships bur create a variety of new revenue sources.