Banks that are “tech-orientated” are more likely to weather a financial crisis, according to novel research from the International Monetary Fund.

Using a dataset that examined the hardware used by commercial banks before the 2008 financial crisis, Nicola Pierri and Yannick Timmer concluded “technology adoption in lending” increases financial stability.

“Banks led by more ‘tech-oriented’ managers adopted IT more intensively and experienced lower non-performing loans [NPLs] during the crisis,”