FinTech and Commercial Banks' Performance in China: The Current Status and Lessons Learned from Our Data Analysis

Xihui Chen, Xuyuan You, Victor Chang

2021

Abstract

As the impacts of the COVID-19 pandemic play out globally, the banking industry has been affected in both positive and negative ways, with the crisis creating both opportunities and threats for the collaborations between FinTech and banks. The aim of this study is to investigate the impact of FinTech products (FTPs) on commercial bank’s performance in China. Required data are collected with a quantitative approach and two self-designed questionnaires were distributed to customers and employees of commercial banks in China. The gathered data were examined using the structural equation modeling technique. The results of this study reveal that the perceived usefulness (PU) of FTPs has positive and significant impacts on customer satisfaction, low expectation of bank employee assistance, bank’s service quality and employee work efficiency. Additionally, the perceived difficulty of use (PD) of FTPs has negative and significant impacts on customer satisfaction and low expectation of assistance. Interestingly, there is a positive and significant relationship between PD and banks' service quality and work efficiency, meaning that the service quality and work efficiency can reduce some shortcomings of using FTPs. This study recognizes the need to enhance the understanding of FTPs on non-financial firm performance.

Paper Citation

in Harvard Style

Chen X., You X. and Chang V. (2021). FinTech and Commercial Banks' Performance in China: The Current Status and Lessons Learned from Our Data Analysis. In Proceedings of the 3rd International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB, ISBN 978-989-758-507-4, pages 33-44. DOI: 10.5220/0010483500330044

in Bibtex Style

@conference{femib21,
author={Xihui Chen and Xuyuan You and Victor Chang},
title={FinTech and Commercial Banks' Performance in China: The Current Status and Lessons Learned from Our Data Analysis},
booktitle={Proceedings of the 3rd International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB,},
year={2021},
pages={33-44},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010483500330044},
isbn={978-989-758-507-4},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 3rd International Conference on Finance, Economics, Management and IT Business - Volume 1: FEMIB,
TI - FinTech and Commercial Banks' Performance in China: The Current Status and Lessons Learned from Our Data Analysis
SN - 978-989-758-507-4
AU - Chen X.
AU - You X.
AU - Chang V.
PY - 2021
SP - 33
EP - 44
DO - 10.5220/0010483500330044