The Research On The Impact Of Financial Technology On Commercial Banks’ Risk-taking

The continuous development of financial technology has brought great changes to the traditional financial industry.Financial technology has played an important role in improving the service quality of financial institutions,improving their operating efficiency and improving risk control.With the continuous progress and application of technologies such as big data,cloud computing and artificial intelligence,on the one hand,fintech optimizes and enables the operation of financial institutions,realizes the economies of scale of banks and alleviates the problem of information asymmetry of traditional financial institutions;On the other hand,derivative traditional financial technology companies compete directly with financial institutions,seize the financial market,improve the level and degree of competition,and finally bring many uncertainties to the financial market.Commercial banks play an important role in the financial market and play an important role in the safe and stable development of the financial industry.If commercial banks fluctuate,it may lead to systemic risk.In view of the important position of commercial banks,it is more and more important to explore the influence relationship between financial technology and commercial banks.What are the influencing factors of bank risk-taking?What is the impact of the development of financial technology on the risk-taking level of commercial banks?Is the conclusion robust?Is there heterogeneity in the impact on different types of commercial banks?Is bank competition an influence channel from the perspective of financial technology affecting bank risk-taking?What is its influence direction?Are there differences in the risk-taking of commercial banks by financial technology developed in different dimensions?Under the background of domestic economic cycle and international economic double cycle,these problems have important theoretical and practical significance.Firstly,combined with the current research background,this paper sorts out and analyzes the influencing factors of commercial banks’ risk-taking,related research literature on financial technology and commercial banks’ risk-taking,and defines relevant concepts,and theoretically infers that there is an intermediary effect in bank competition;Secondly,it analyzes the theory and mechanism of financial technology’s impact on commercial banks’risk-taking,and examines the impact of financial technology on banks’ risk-taking from the perspectives of favorable and unfavorable effects.And use the text mining method to construct the amount technology index,differentiate the different dimensions of financial technology,and enrich the related research on related financial technology measurement.Finally,the panel data of 53 commercial banks of different natures in my country from 2011 to 2020 was collected,and the panel data was used to empirically analyze the impact of financial technology on commercial banks’ risk-taking,and to examine the heterogeneity of its impact on different types of banks.The mediating effect in the influence process.The research results show that:1.The development of financial technology reduces the risk-taking of commercial banks,and the conclusion is robust,indicating that the favorable impact of financial technology on commercial banks is greater than the adverse impact,and ultimately the overall impact results show a trend of reducing risk-taking.2.The impact of financial technology on the risk-taking of different types of commercial banks is heterogeneous.It has no significant impact on the risk-taking level of state-owned commercial banks,and the impact on joint-stock banks and local banks(city commercial banks and rural commercial banks)is significantly reduced.its risk.3.The development of financial technology improves the level of bank competition,and there is an intermediary effect in bank competition.In the impact of financial technology on reducing the risk-taking effect of commercial banks,the impact of the intermediary effect accounts for-9.33%.4.The dimension of payment and settlement and channel business have significantly improved the bank’s risk-taking level,while the channel business dimension has improved the bank’s risk-taking level,but it is not significant.However,it is worth noting that the technical foundation dimension with big data and cloud computing as the underlying application reduces the level of business risk.Bank risk-taking.Based on the research conclusions,in order to maintain the healthy and stable development of my country’s financial industry,this paper puts forward the following suggestions:1.Commercial banks should make it clear that the development of financial technology should be incorporated into their own strategic planning at the macro level,rely on the different types of banks to promote the differentiated layout of financial technology,and actively cooperate with them.Fintech enterprises cooperate to reduce market competition in the banking industry;in reality,commercial banks should improve risk prevention mechanisms,expand business models and strengthen information security management.2.The state should focus on the basic dimension of fintech technology,enhance technological empowerment and strengthen the cultivation of fintech professionals.3.The regulatory authorities shall establish and improve the system of basic regulatory rules to prevent the formation of bank monopoly power while promoting healthy and effective competition in the banking industry.