Evaluation of the impact of financial technologies on the financial efficiency of commercial banks
Abstract
The topic of financial technologies (Fintech), which has attracted enormous interest in the last decade, has become one of the most promising niches that allow participants providing services in the payment market to improve the efficiency of financial activity systems. Financial industry players such as commercial banks have begun to pay special attention to the development of this new niche. In order to maintain or occupy higher market positions, they must take into account the potential of financial technologies and their possible exploitation by integrating new solutions into already functioning banking systems. This article aims to reveal the influence of financial technologies on the financial efficiency of commercial banks. After highlighting the importance of financial technologies for commercial banks in the theoretical part of the study, the analytical part examines the financial indicators of Lithuanian commercial banks (SEB, Swedbank, Šiaulių bankas, and Citadelė) in the period 2017–2021. Correlation and regression analysis will be used to determine the impact of financial technologies on the financial efficiency of commercial banks. The results of this study determines how financial technology impacts the financial performance of commercial banks.
Article in Lithuanian.
Finansinių technologijų įtakos komercinių bankų finansiniam efektyvumui vertinimas
Santrauka
Per paskutinį dešimtmetį milžiniško susidomėjimo sulaukusi finansinių technologijų (Fintech) tema tapo viena perspektyviausių sričių, leidžiančių mokėjimų rinkoje paslaugas teikiantiems dalyviams pagerinti finansinės veiklos sistemų efektyvumą. Tokie finansinės industrijos dalyviai, kaip komerciniai bankai, pradėjo skirti ypatingą dėmesį šios naujos nišos galimybių plėtrai. Siekdami išlaikyti ar užimti aukštesnes rinkos pozicijas, jie privalo atsižvelgti į finansinių technologijų potencialą ir galimą jų panaudojimą integruojant naujus sprendimus į jau funkcionuojančias bankines sistemas. Teorinėje tyrimo dalyje išryškinama finansinių technologijų svarba komerciniams bankams, analitinėje dalyje nagrinėjami Lietuvos komercinių bankų (SEB, Swedbank, Šiaulių bankas ir Citadelė) finansiniai rodikliai 2017–2021 m. laikotarpiu. Finansinių technologijų poveikiui komercinių bankų finansiniam efektyvumui nustatyti bus pasitelkiamos koreliacinė ir regresinė analizės. Šio tyrimo rezultatai parodė, kaip finansinės technologijos veikia komercinių bankų finansinį efektyvumą.
Reikšminiai žodžiai: finansinės technologijos, komerciniai bankai, finansinio efektyvumo vertinimas, finansinių technologijų įtaka.
Keyword : financial technologies, commercial banks, evaluation of financial efficiency, influence of financial technologies
This work is licensed under a Creative Commons Attribution 4.0 International License.
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