The Research On The Impact Of Fintech On Credit Risk Of Commercial Banks

The banking industry has always been highly sensitive to new technologies and is the industry with the widest and deepest application of scientific and technological achievements.At present,the impact of fintech covers almost all main businesses,including bank credit business.In the future,fintech will become an important indicator to measure the competitiveness of commercial banks.Financial science and technology innovation is a double-edged sword.Reasonable and appropriate financial innovation can reduce credit risk.When pseudo financial innovation is disorderly and over applied,it may aggravate credit risk and even cause systemic financial risk.Therefore,the study of the impact of financial science and technology on the credit risk of commercial banks has important theoretical and practical significance.Firstly,this paper introduces the key concepts and related theories of financial technology and credit risk,and analyzes the impact of financial technology on the credit risk of commercial banks from the three aspects of demand side,supply side and supervision side.Secondly,combined with the development of financial technology of commercial banks,this paper analyzes the new risks faced by commercial banks under the background of financial technology,including technological innovation risk,transformation risk,data security risk,policy risk and regulatory risk.Thirdly,based on the panel data of 439 banks in China from 2015 to 2020,by determining the financial technology key thesaurus,mining the frequency difference of keywords in the news of various banks,and constructing the financial technology development index of c ommercial banks by using factor analysis method,the ex post and ex ante credit risks of commercial banks are measured by non-performing loan ratio and loan loss reserve ratio respectively,so as to study the impact of financial technology on the credit risks of commercial banks in China,Commercial banks are divided into state-owned commercial banks and small and medium-sized banks to further empirically study whether the impact of financial technology on the credit risk of different types of commercial banks is heterogeneous.The empirical results show that commercial banks apply financial technology means such as big data,cloud computing and artificial intelligence to the credit field,which helps to reduce the credit risk of commercial banks;The impact of financial technology on different types of commercial banks is heterogeneous.Compared with large state-owned commercial banks,the effect of small and medium-sized commercial banks using financial technology for credit risk control is more significan t.Based on the empirical results,this paper proposes countermeasures to optimize the credit risk management of China’s commercial banks,such as accelerating digital transformation,preventing fintech compliance risks,establishing a new model of digital supervision,and strengthening digital technology and talent management.