The Emerging Role of Banks in E-Commerce - FEDERAL RESERVE BANK of NEW YORK

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Current Issues in Economics and Finance

The Emerging Role of Banks in E-Commerce

March 2000 Volume 6, Number 3

JEL classification: G2, G0

Author: John Wenninger

How is the banking industry responding to the rapid development of on-line commerce? Evidence suggests that many banks are beginning to deliver credit and deposit products electronically. In addition, some large banks are developing products designed exclusively for e-commerce. As banks venture into the electronic arena, however, they are finding that new opportunities bring new operational and strategic risks.

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6 pages / 55 kb

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