The Influence Of Fintech On Bank Efficiency

Regional commercial banks have always been an important pillar of the economy in various regions.Especially when the economic downturn and small and medium-sized enterprises have closed down,it is important to improve the efficiency of regional banks to better serve the regional economy.The improvement of regional banking efficiency is conducive to the improvement of regional financial competitiveness,so that the financial industry can better serve the real economy,provide credit support for small and medium-sized enterprises,and support the local economic development.At present,many emerging technologies such as big data and blockchain have continued to develop rapidly and deeply integrated with the financial industry,it brings profound changes to the business and market structure of regional banks.On the one hand,technology and business development empower regional banks,which reduces the asymmetry of regional bank information,realizes product innovation,obtains more small,medium and micro customers,and improves profitability.On the other hand,fintech accelerates the financial dismissal to make the regional banking business be eaten and the market share be seized.Studying the impact of fintech on the efficiency of regional banks and how banks respond to it is of great significance for the development of regional commercial banks and regional economy.This article focuses on the full factor productivity of regional banks,studies the impact of fintech on itself from two aspects: theoretical analysis and empirical inspection.In terms of theoretical analysis,first of all,this article builds the theoretical analysis framework of fintech which includes technology and business aspects and discusses the impact of different dimensions of fintech on regional banks’ full element productivity.Based on this research framework,the specific impact mechanism has been further studied.Through analysis,the technical level of fintech is mainly to increase the total productivity of banks by reducing the cost of regional banks.The business level mainly improves the entire factor productivity of banks through improving the business and products productivity to intensifying competition that regional banks faced;Secondly,this article conducts heterogeneous analysis of regional banks in different regions.In terms of empirical inspection,this article selects panel data about 51 cities and rural commercial banks from 2011-2019 as research samples.First of all,this paper uses the DEA-MALMQUIST index to calculate the full factor productivity of regional banks,uses the patented technology related to the banking industry as the data of the fintech technology level,uses peking university inclusive financial index as the data of the fintech finance level and uses the individual fixed effect model for the benchmark detection.In order to test the influence mechanism of financial technology on regional banks’ full factor productivity,this article builds an intermediary effect model for empirical testing.Secondly,in order to test the heterogeneous impact of the dual-dimensional financial technology on regional banks in different regions,this article uses the method of group regression for inspection.Through research,this article finally concludes the following conclusions:(1)the development of fintech technology and business level can increase the full factor productivity of regional banks;(2)the development of fintech technology can be developed by reducing costs to increase the full factor productivity of regional banks;(3)the development of fintech business levels can improve the business and products productivity to intensifying competition that regional banks faced and reducing monopoly inefficient to increase the full factor productivity of regional banks;(4)the impact of the development of fintech technology and business levels on regional banks in different regions has heterogeneity.Regional banks in the eastern region are more obvious due to the influence of fintech development.