Research On The Impact Of Fintech On The Operating Efficiency Of Listed Banks

In recent years,the development of Fintech has led to many new situations and situations in the financial industry.The competition in the industry has intensified.Various enterprises have incorporated Fintech into their development plans.New financial business models such as third-party payment and online lending have been developed and expanded.The scale of third-party payment has increased rapidly from 300 million yuan in 2009 to 120 trillion yuan in 2017,with the year-on-year growth rate of more than 100% for five consecutive years since2013,and mobile payment gradually takes the leading position.In 2015,the number of P2 P online lending platforms reached a maximum of 3579.With the development of online lending towards standardization,as of March 2019,there are still 1021 online lending platforms in normal operation.These excellent platforms rely on their accumulated capital and brand effect to rapidly expand the market scale through regulatory requirements.With technical support and data-based,Fintech has played a role in many core areas,such as payment and settlement of financial system,online business processing,product promotion,offline network construction,and brought opportunities and challenges to bank operation.Based on this,this paper first combs the research literature on the measurement of bank operating efficiency and the impact of Fintech on the efficiency of commercial banks,and makes theoretical and empirical analysis around the impact of Fintech on the operating efficiency of commercial banks,so as to enrich the relevant theoretical research on the impact of Fintech on the operating efficiency of commercial banks and the relevant empirical research on the impact of Fintech on the efficiency of commercial banks In order to improve the operation level and efficiency of China's commercial banks,the bank should expand and propose corresponding measures.This paper selects the data of 24 listed commercial banks from 2013 to 2018,and takes the positive and negative effects of Fintech on the operating efficiency of commercial banks as the starting point.Firstly,Malmquist index model based on DEA method measures the total factor productivity and decomposition efficiency of sample banks,and then obtains the Fintech index based on the text mining method and factor analysis method.Finally,GMM model is used for empirical inspection To test the impact of Fintech on the total factor productivity and its decomposition efficiency of commercial banks,and to compare and analyze the impact of Fintech on the operating efficiency of different types of commercial banks.According to the empirical results,the following conclusions are drawn.1.Fintech has a significant negative impact on the operating efficiency of listed banks,and this negative impact mainly due to the lower technological innovation and technology introduction ability of banks than the development of Fintech.At the same time,Fintech has a significant positive impact on the management level or efficiency of bank managers,which shows that Fintech promotes the improvement of bank management efficiency.2.Different types of listed commercial banks are affected by Fintech in different sizes and directions.Fintech has a significant positive impact on the operating efficiency of joint-stock commercial banks,and a significant negative impact on the operating efficiency of state-owned commercial banks and urban commercial banks,that is to say,the negative impact of Fintech on the current state-owned commercial banks and urban commercial banks is greater than its positive effect.Fintech has a significant role in promoting the technological innovation and technology introduction ability of joint-stock commercial banks,promoting the management level of the managers of urban commercial banks,and impacting the management efficiency of the managers of state-owned commercial banks.