Research On The Impact Of Financial Technology On Commercial Bank Bill Business

In recent years,the integration of financial technology with traditional banking has been gradually taking place,with the emergence of big data,artificial intelligence,blockchain,cloud computing,and other technologies.This scenario-based,data-based,and technology-based approach has presented China’s commercial bank bill business with a variety of opportunities and challenges.The real economy’s growth has been greatly aided by commercial banks’ reliance on bill business,which has been a major factor in resolving the issues faced by private businesses and small and medium-sized enterprises,such as the high cost and difficulty of financing,and is one of the important businesses Commercial banks.Analyzing the impact of financial technology on Chinese commercial banks’ bill business,and exploring its alteration and enhancement,is of great theoretical and practical importance.This paper,based on this,carries out both theoretical and empirical research and analysis to assess the effect of financial technology on commercial bank bill business.An examination of both domestic and foreign studies on financial technology and commercial bank bill business reveals that the current academic research on this topic is largely theoretical,with no empirical analysis of the two having been conducted in depth.Secondly,this paper combs the concept definitions and basic theories related to Fintech and commercial bank bill business,summarizes and analyzes the overall development status of Fintech and the bill market in China and the impact of Fintech on commercial bank bill business in China.This research sample,consisting of 32 listed commercial banks in China from 2014 to 2021,is employed to construct a panel data model at last.An analysis and study of the effect of financial technology on commercial bank bill business in China,taking into account the current development status of the sector,is conducted,with countermeasures and suggestions to foster the growth of commercial bank bill business in the context of financial technology.This has certain reference value and reference value for our commercial banks to make better use of financial technology to realize the sustainable development of bill business in the future.Based on the above empirical results,this paper draws the following three Conclusions:First,the advancement of financial technology can have a beneficial effect on the bill business of commercial banks,thus providing more chances for the bill business of commercial banks than its effect on the bill business of commercial banks,thus advancing the bill business of the banking industry as a whole.Second,the test results demonstrate that,in the early stages,financial technology has a detrimental effect on the bill business of commercial banks,yet it has a beneficial effect in the later stages.This is evidenced by the "U" shaped nonlinear impact of financial technology on the bill business of commercial banks.Third,the impact of financial technology on various commercial banks is markedly disparate;joint-stock banks are most affected by it,followed by urban commercial banks,and state-owned banks are the least.