Impact Of Fintech On Bank Performance

In conclusion, the impact of asset acquisition on return on assets (ROA) is notably less pronounced than that of financial service provision via mobile banking, internet banking, and agency banking (average ROA = 4.23). Nevertheless, financial services do not significantly impact the acquisition of assets or the asset size of a company. Instead, these metrics are contingent upon a multitude of other variables, including client count, over-the-counter deposit and withdrawal volumes, and transaction length.   Two techniques that commercial banks might possibly employ to enhance their financial performance are the expansion of financial technology and the heightened uptake of mobile banking. This can be attributed to the favorable correlation shown in the research between financial technology and financial results. Further evidence that notable advancements in this area lead to better financial performance comes from the observation that financial technology has a noticeable impact.

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