Research On The Influence Of Fintech On The Operating Efficiency Of Commercial Banks

Looking at the whole world,a new round of scientific and technological revolution is booming.Informationization characterized by digitalization,networking and intelligence is also developing rapidly.As a result of the combination of finance and technology,financial technology has become the focus of development in various countries.Our country started late in this field,but showed a trend of lagging behind.Financial technology can be said to be a "double-edged sword" for the development of China's commercial banks.On the one hand,it continuously impacts the traditional business of banks,seizing market share and weakening the competitiveness of banks.On the other hand,through the support of emerging technologies,new opportunities are provided for the transformation and upgrading of banks.Facing the opportunities and challenges brought by financial technology,how to deal with them and how to rely on the development trend of financial technology to realize their own transformation and upgrading and improve their operating efficiency have become the top priority.In order to explore the concrete influence of financial technology on the efficiency of commercial banks,this paper first sorts out the development process of financial technology in our country,and deeply analyzes the relevant theoretical basis of the influence of financial technology on the efficiency of banks.On this basis,16 commercial banks are selected as the research objects,and the operating efficiency value,pure technical efficiency value and scale efficiency value of various banks from2010 to 2018 are calculated through a three-stage DEA model.Then,the operating efficiency value is selected as the explanatory variables,the information technology staff proportion,the growth rate of personal online banking customers and the number of APP version updates of mobile banking are selected as the explanatory variables,and other factors affecting the operating efficiency of banks are selected as the control variables to establish Tobit model for empirical analysis.The results show that the proportion of IT staff in the explanatory variables and the number of APP version updates in mobile banking are significantly positively related to the bank's operating efficiency,while the growth rate of personal online banking customers is negatively related to the bank's operating efficiency.Among the control variables,CPI and bank market share are positively correlated with bank operating efficiency,while GDP growth rate and bank business innovation ability are significantly negatively correlated.Finally,based on the empirical results and the specific situation of China's commercial banks in developing financial technology,this paper puts forward relevant suggestions for banks to improve their operating efficiency under the background of financial technology,mainly including following the development trend of financial technology,recruiting more financial technology talents,strengthening the construction of online and offline channels and relying on financial technology to promote the transformation and upgrading of retail business,so as to realize the sustainable development of the banking industry.