NBER WORKING PAPER SERIES BANKING ON TECHNOLOGY: BANK TECHNOLOGY ADOPTION AND ITS EFFECTS Sheila Jiang Alessandro Rebucci Gang Zhang Working Paper 33551 http://www.nber.org/papers/w33551 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 March 2025 We are grateful to Manuel Amador, Anmol Bhandari, Xiaoji Lin, Gianni De Nicolo, Guangqian Pan (discussant), Fabrizio Perri, Yuchao Peng, Andrea Presbitero, Nicola Pierri, Robert Marquez, Qi Sun, Shengxing Zhang, and Yu Zhang (discu ...