Can The Application Of Financial Technology Improve Bank Perfor Mance?

In recent years,in order to comply with the digital transformation,banks have taken the initiative to embrace financial technology.With technological innovation,commercial banks began to think about how to reduce costs,improve efficiency and profits after they perceived that the market of small and medium-sized customers was gradually eroded by Internet enterprises;The outbreak of the covid-19 pneumonia outbreak has further accelerated the process of service integration under the online and offline services.In the face of the surging demand for contactless financial services,banks have stepped up online operation in order to help enterprises return to work and production.The introduction of macro level guidance has also promoted the cooperation between banks and fintech companies.Therefore,cooperation with third-party payment institutions is regarded as an important way for banks to develop financial technology and improve online service capacity.The survey shows that in 2020,91.49% of commercial banks chose to cooperate with foreign countries to develop financial technology.The two sides cooperated in many fields such as big data,artificial intelligence and blockchain,and made remarkable achievements in improving the efficiency of financial services,broadening financial service channels,enhancing the ability of financial services to benefit the people,and upgrading the ability of enabling payment services.At the same time,the development of financial science and technology requires strong scientific and technological strength and strong technological capital.As a financial institution,banks should bear more risks of technological development failure and risks caused by information technology and transmitted to the financial field in the process of foreign cooperation in the development of financial science and technology,which also puts forward stricter requirements for commercial banks to strengthen risk prevention.The effect of commercial banks with the help of scientific and technological innovation will eventually be reflected in the impact of financial technology on their business performance.In this context,can commercial banks carry out foreign cooperation to develop financial technology improve their business performance? Combined with the long tail theory,information asymmetry theory,competition and cooperation theory and risk dispersion theory,this paper analyzes the impact of the two sides’ cooperative development of financial technology on the income,cost and risk-taking of commercial banks.The conclusion is that the development of financial technology through foreign cooperation is an effective way to improve the profitability and risk-taking of banks,It has certain practical guiding significance for promoting the application of emerging technologies in the financial industry and commercial banks to realize digital transformation.This paper adopts the method of multi time point did,uses the panel data of 31 commercial banks in China from 2011 to 2020,takes the individual index of the cooperation of financial technology companies of commercial banks,and represents the development of financial technology of commercial banks in the year of cooperation,and studies the impact of the use of financial technology by commercial banks on their business performance,It complements the relevant research on "the impact of financial technology on the performance of commercial banks".The conclusions are as follows: from the perspective of profitability,the use of financial technology by commercial banks will have a negative impact on their profitability,but with the increase of cooperation time,the development of financial technology of commercial banks will improve the profitability of commercial banks;From the perspective of risk-taking,the application and development of financial technology of commercial banks can improve their risk-taking ability.Finally,it puts forward some suggestions that the macro level should promote the construction of digital infrastructure,strengthen the training of scientific and technological talents,and commercial banks should actively embrace financial technology and actively cooperate with third-party payment institutions.