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

With the rapid development of science and technology,applications of artificial intelligence,block chain,cloud computing,big data as the core driving force lead the main theme of era progress.As an innovative product of the deep integration of finance and cutting-edge science and technology,financial technology has had a far-reaching impact on the ecological environment of China’s financial industry.In particular,commercial banks,as an important service institution in China’s financial system,are in a key position in the whole economic lifeline.Therefore,it is urgent for the whole banking industry to actively respond to the new challenges brought about by the wave of financial technology and better implement the policy requirements of preventing financial risks.Therefore,this paper measures the level of financial technology development based on the annual data of commercial banks,explores its impact on their own risk-taking,and explores the potential impact channels between them from a new perspective.This has important theoretical and practical significance for commercial banks to prevent financial risks and develop steadily.Firstly,his paper combines the previous literature and theoretical basis,discusses the development process and level measurement of financial technology,and systematically summarizes the internal and external factors influencing the risk-taking of commercial banks by financial technology.Secondly,relying on the theory of disruptive innovation and technology spillover effect,this paper analyzes the relationship between fintech and bank risk level,as well as the transmission mechanism of fintech and bank risk-taking,focusing on the intermediary role of shadow banking business and the regulatory role of macro prudential supervision between the them.Thirdly,with the help of the core competence theory of enterprises,the comprehensive evaluation index system of financialtechnology of commercial banks is constructed from five dimensions: basic,research and development,promotion,risk control and application ability,and the financial technology index is measured by means of the entropy value method.Finally,the annual data of 56 Commercial Banks in China from2013 to 2019 are selected as samples to empirically investigate the impact of financial technology on the risk-taking of commercial banks,the mechanism,the effect and multidimensional heterogeneity.The results show that there is an inverted "U" shaped nonlinear relationship between financial technology and commercial bank risk-taking.The results of heterogeneity analysis show that the effect of financial technology on risk-taking of commercial banks differs significantly according to the nature of the bank,the region where the bank is located and the level of capital adequacy.The results of mechanism test show that shadow banking is an important transmission path for financial technology to affect the risk-taking level of commercial banks;Macro prudential supervision weakens the positive spillover effect of financial technology on risk-taking of commercial banks.Based on the empirical results,this paper puts forward the following countermeasures and suggestions: Commercial banks should continue to promote the improvement of the utilization rate of financial science and technology;Commercial banks should formulate differentiated development strategies according to their own situation;Commercial banks should control the scale of shadow banking business within a reasonable range;Regulators need to strengthen regulatory means and further improve the construction of financial regulatory market system.