The Impact Of Financial Technology On The Performance Of Commercial Banks

With the conclusion of the Financial Technology Development Plan(2019-2021)and the implementation of the Financial Technology Development Plan(2022-2025),the cross penetration and deep integration of big data,blockchain,cloud computing and other cutting-edge digital technologies with finance have become a new engine to promote China’s financial technology transformation and upgrading.While financial technology has brought significant opportunities to the traditional banking industry,it has also brought many challenges.On the one hand,new financial technology products,such as mobile payment,online trusteeship,online lending and other services,have seriously impacted the market share of traditional commercial banks.On the other hand,new technologies and new models brought by financial technology have further reduced the transaction costs of banks,effectively promoted the continuous innovation of services and products of banks,and actively promoted the benign development of commercial banks in the market-oriented banking industry,like the "catfish effect".So,is the emergence of financial technology more beneficial than harmful to the banking industry or more harmful than beneficial? Can the continuous integration of financial technology and traditional banks promote the performance of commercial banks? This is related to what attitude commercial banks should take towards financial technology,especially in the critical period of digital transformation of the banking industry.Based on the theoretical exploration of functional finance theory,financial disintermediation theory,long tail theory and other theories,this thesis puts forward assumptions about the relationship between financial technology and commercial bank performance,builds a relationship model between them and designs the calculation method of relevant research variables.Taking 25 listed commercial banks in China as research samples,the data in the financial statements of commercial banks from 2014 to 2021 are used as indicators to measure performance assessment,and the financial technology data in Guotai’an database(the degree of digital construction of listed financial companies)are used as indicators to measure the development of financial technology.SPSS data processing software is used for data processing and regression analysis.Finally,it draws the conclusion that the use of financial technology in China’s commercial banks is conducive to improving their performance.In addition,the sample is grouped according to the nature of banks,and the results show that among all banks,large state-owned commercial banks have the best performance improvement effect by using financial technology,while regional banks and joint-stock banks have less effect than state-owned banks.Finally,according to the results of empirical analysis,the thesis puts forward relevant countermeasures and suggestions.This research quantificationally measures the level of financial technology and the performance of commercial banks,and uses mathematical models to test the impact of financial technology on the performance of commercial banks.It breaks through the previous qualitative research on financial technology by scholars,enriches and improves the theoretical framework,and provides theoretical guidance for commercial banks to improve market competitiveness and accelerate digital transformation.