Abstract

The purpose of this study is to examine the impact of the financial technology (fintech) services provided by banks on their performance. We also investigate the influence of fintech firms’ growth (as competitor firms) on banks’ financial performance. We extend our analysis to investigate the differences between conventional banks (CBs) and Islamic banks (IBs) in this relationship and utilise a sample of 40 listed banks from Gulf Cooperation Countries, where fintech growth was impressive in the period 2014–2019. We find a negative relationship between fintech services and bank performance for both types of bank. Furthermore, we show that the growth of fintech firms in a country negatively influences CBs’ financial performance but has no significant impact on IBs’ performance. In addition, we test our hypotheses through multiple additional tests and robustness tests, such as the generalised method of moments. The findings could be relevant to banks, policy makers, and academic research.

摘要

本研究的目的是检验银行提供的金融科技 (fintech) 服务对其业绩的影响。我们还调查了金融科技公司的增长（作为竞争公司）对银行财务业绩的影响。我们扩展分析以调查传统银行 (CB) 和伊斯兰银行 (IB) 在这种关系中的差异，并利用海湾合作国家 40 家上市银行的样本，这些国家的金融科技在 2014-2019 年期间增长令人印象深刻。我们发现这两种银行的金融科技服务与银行绩效之间存在负相关关系。此外，我们表明，一个国家金融科技公司的增长会对 CB 的财务业绩产生负面影响，但对 IB 的业绩没有显着影响。此外，我们通过多个额外的测试和稳健性测试来测试我们的假设，例如广义矩方法。这些发现可能与银行、政策制定者和学术研究有关。