It has also been observed that, while banking integration benefits efficient firms through lower cost of external finance, very rapid integration induces firms to take on excessive leverage, exacerbating the effect of financial crises on the corporate sector.
Internet and mobile payment tools, developed fast in recent years, have enlarged the services scope traditionally only provided by banks. Technology advancement leads payment process restructuring and reform, particularly continued strengthening of the compatibility, connection and resilience among the internal infrastructures of securities, foreign exchange, telecommunication and banks.