Research on the impact of financial technologies on the financial performance of commercial banks

Abstract

The study attempts to evaluate the impact of financial technologies on the financial performance of commercial banks. The article analyzes the scientific literature and presents the insights and methodology of already conducted research on a similar topic. Financial technologies help and encourage commercial banks to adapt to the ever-changing needs of consumers, but provide all the opportunities for the entry of new financial technologies companies into the market. Thus, in this article correlation and regression methods are used to evaluate the influence of financial technologies on commercial banks from two perspectives: the technologies used and applied in the activities of commercial banks have a positive influence, and financial technology companies have a negative influence on the financial performance of commercial banks. The research is carried out using banks’ financial data: profit (loss), return on assets (ROA), return on equity (ROE) indicators, and statistical data, which include: the number of financial technologies in the country, the value of digital commerce, digital remittance and mobile POS payments. The information presented in the article is useful for companies providing financial services and academic society.