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dc.contributor.authorCarbó Valverde, Santiago 
dc.contributor.authorCuadros Solas, Pedro Jesús
dc.contributor.authorRodríguez Fernández, Francisco 
dc.date.accessioned2021-02-03T07:55:22Z
dc.date.available2021-02-03T07:55:22Z
dc.date.issued2020
dc.identifier.citationCarbo-Valverde S, Cuadros-Solas P, Rodríguez Fernández F (2020) A machine learning approach to the digitalization of bank customers: Evidence from random and causal forests. PLoS ONE 15(10): e0240362. https://doi.org/10.1371/ journal.pone.0240362es_ES
dc.identifier.urihttp://hdl.handle.net/10481/66247
dc.description.abstractUnderstanding the digital jump of bank customers is key to design strategies to bring on board and keep online users, as well as to explain the increasing competition from new providers of financial services (such as BigTech and FinTech). This paper employs a machine learning approach to examine the digitalization process of bank customers using a comprehensive consumer finance survey. By employing a set of algorithms (random forests, conditional inference trees and causal forests) this paper identities the features predicting bank customers’ digitalization process, illustrates the sequence of consumers’ decision-making actions and explores the existence of causal relationships in the digitalization process. Random forests are found to provide the highest performance–they accurately predict 88.41% of bank customers’ online banking adoption and usage decisions. We find that the adoption of digital banking services begins with information-based services (e.g., checking account balance), conditional on the awareness of the range of online services by customers, and then is followed by transactional services (e.g., online/mobile money transfer). The diversification of the use of online channels is explained by the consciousness about the range of services available and the safety perception. A certain degree of complementarity between bank and non-bank digital channels is also found. The treatment effect estimations of the causal forest algorithms confirm causality of the identified explanatory factors. These results suggest that banks should address the digital transformation of their customers by segmenting them according to their revealed preferences and offering them personalized digital services. Additionally, policymakers should promote financial digitalization, designing policies oriented towards making consumers aware of the range of online services available.es_ES
dc.description.sponsorshipFUNCAS Foundation PGC2018 - 099415 - B - 100 MICINN/FEDER/UEes_ES
dc.description.sponsorshipJunta de Andalucia P18RT-3571 P12.SEJ.2463es_ES
dc.language.isoenges_ES
dc.publisherPUBLIC LIBRARY SCIENCEes_ES
dc.rightsAtribución 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/es/*
dc.titleA machine learning approach to the digitalization of bank customers: Evidence from random and causal forestses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES
dc.identifier.doi10.1371/ journal.pone.0240362


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Atribución 3.0 España
Except where otherwise noted, this item's license is described as Atribución 3.0 España