The industry has reformed and change significantly following changes in observed. The data analyzed is expected to show how much recession influenced the changes in policy and regulations. It will also show that banks had a lesson to learn as far as the economic performance and trends were concerned. To date, given the trends banking industry are seen as most susceptible to the economic downturn and the key resolving this is to make changes as a safe guard measures. This is expected to come out in the data analyzed showing the existence of policy and operation changes and strategies adopted in light of economic performance. Influence of Technology on Banking

According to Mishkin, Frederic S. And Strahan ()

, Technological changes have made operations in the banking industry easier. These changes have also heightened the competition level among banks and increased innovative ideas. These are expected to come out through the data analysis and confirm the Null hypothesis that; technology has influenced the banking industry. The industry is seen as dependent on technology given the security measures, transfer of money and access to information....

The industry is thus highly susceptible to changes in technology and will stand to lose out to competitions should an entity lag behind with technology advancements Mishkin, Frederic S. And Strahan ()
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Mishkin, Frederic S., and Philip E. Strahan. What Will Technology Do to Financial Structure? . Washington Brookings Institution 1999. Print.

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Trzesniewski, K.H., M.B. Donnellan, and R.E. Lucas. Secondary Data Analysis: Trzesniewski, K.H., Donnellan, M.B., & Lucas, R.E. Washington, D.C.:: APA, 2011. Print.