How valuable is FinTech adoption for traditional banks?

IF 2.1 3区经济学 Q2 BUSINESS, FINANCE

European Financial Management Pub Date : 2023-05-26 DOI:10.1111/eufm.12424

Wenlong Bian, Shihui Wang, Xuanli Xie

引用次数: 0

Abstract

This study examines the effect of FinTech adoption on traditional banks. We employ machine learning and textual analysis to count the number of mentions of FinTech-related terms in annual reports, and collect the number of FinTech-related patent applications. Based on a sample of 181 Chinese commercial banks, the results indicate that FinTech adoption has a positive and significant effect on bank performance. The ‘FinTech adoption effect’ appear to be heterogeneous among technology categories and is more pronounced in banks with more tech managers. Last, we examine the impacts of FinTech adoption on bank risk, business transformation and banks' market share.

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采用金融科技对传统银行有多大价值？

本研究探讨了金融科技的应用对传统银行的影响。我们采用机器学习和文本分析方法，统计年报中金融科技相关词汇的提及次数，并收集金融科技相关专利申请的数量。基于 181 家中国商业银行的样本，研究结果表明，金融科技的采用对银行绩效有积极而显著的影响。金融科技采用效应 "在不同的技术类别之间存在差异，在拥有更多技术经理的银行中更为明显。最后，我们研究了采用金融科技对银行风险、业务转型和银行市场份额的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Financial Management BUSINESS, FINANCE-

CiteScore

4.30

自引率

18.20%

发文量

期刊介绍： European Financial Management publishes the best research from around the world, providing a forum for both academics and practitioners concerned with the financial management of modern corporation and financial institutions. The journal publishes signficant new finance research on timely issues and highlights key trends in Europe in a clear and accessible way, with articles covering international research and practice that have direct or indirect bearing on Europe.