Research On The Impact Of Fintech On The Resilience Of Commercial Banks

In recent years,the international and domestic situation has been grim,the game between major countries has intensified,domestic growth momentum has transformed,and economic uncertainty has increased sharply.In a rapidly changing economic environment,the banking industry has also been severely impacted,resulting in the spread and contagion of financial risks,weakening the ability of financial services to the real economy,and aggravating the downward pressure on the real economy.This puts forward higher requirements for the ability of the banking system to withstand external shocks and its ability to repair itself after being shocked.The resilience of banks is reflected in their ability to withstand external shocks and their ability to self-heal after shocks.Therefore,how to measure bank resilience has become an important issue.At the same time,the sudden rise of financial technology has had a huge impact on traditional commercial banks,on the one hand,high-tech promotes the continuous reform and innovation of commercial banks and optimizes resource allocation.On the other hand,financial technology brings crowding out effect,competition effect,etc.,resulting in the accumulation of potential risks.It can be seen that financial technology is actually a "doubleedged sword" for commercial banks.So,how to accurately measure the resilience of commercial banks?Does the development of fintech have a significant impact on the resilience of commercial banks?What mechanisms and channels does fintech affect the resilience of commercial banks?Answering these questions has important theoretical and practical significance:first.it is related to the development of bank business decisions in the financial technology period,which helps commercial banks clarify their ability to resist and recover from external shocks;Second,it can help regulators grasp the organic combination of financial technology,commercial banking operation and financial supervision,and enhance the ability of financial services to the substantial economy.Specifically,firstly,this paper extends the concept of resilience of physics to the financial field,based on the perspective of the systemic financial risk of the real economy on banks,measures the resilience of banks from the two dimensions of shock absorption intensity and shock absorption duration,forms a bank resilience measurement model,uses ΔCoVaR to measure the systemic financial risk level of commercial banks based on the data of listed banks in China,considers the dynamic variability of shocks,and uses the impulse response function of TVP-VAR model.This paper depicts the impact process of the real economy on the systemic financial risks of commercial banks.measures the resilience of commercial banks.Secondly,based on the text mining method,the network crawler technology is used to obtain Baidu news data of each bank’s financial keywords,construct the fintech index of each bank,and then establish a fixed-effect model to explore the impact effect of fintech on the resilience of commercial banks,and explore the impact mechanism from the perspectives of banks’"competitive vulnerability" and "competitive stability",use the Lerner index to measure the competitiveness of commercial banks,and establish an intermediary effect model to verify its intermediary role between fintech and commercial banks’ resilience.GMM estimation is also used to mitigate variable endogenousness,and robustness tests are performed by replacing sample intervals and substituting explanatory variables.The results of this paper find that,first,from the perspective of bank types,the shock absorption intensity of state-owned commercial banks is generally higher than that of jointstock commercial banks;From the temporal trend,it is found that there are differences in the resilience of different banks in the face of shocks,and the differentiation between banks has intensified significantly after the new crown epidemic.Second,the development of fintech has significantly reduced the resilience level of commercial banks.Third.fintech reduces the resilience of commercial banks by intensifying their competition.Based on the above conclusions,the following conclusions are put forward:1)commercial banks should clarify the development direction of financial technology and adhere to the bottom line of internal risks of banks;Optimize strategic development goals and improve shock resilience.2)Regulators should further accelerate the application of RegTech to ensure healthy competition for banks;Improve the regulatory system and promote the steady development of banks.