How valuable is FinTech adoption for traditional banks?
研究用机器学习和文本分析衡量中国181家商业银行年报中金融科技相关词频及专利数，发现金融科技采纳显著提升银行绩效，且效果在技术类别间有差异，在技术管理者更多的银行中更明显。
Abstract This study examines the effect of FinTech adoption on traditional banks. We employ machine learning and textual analysis to count the number of mentions of FinTech‐related terms in annual reports, and collect the number of FinTech‐related patent applications. Based on a sample of 181 Chinese commercial banks, the results indicate that FinTech adoption has a positive and significant effect on bank performance. The ‘FinTech adoption effect’ appear to be heterogeneous among technology categories and is more pronounced in banks with more tech managers. Last, we examine the impacts of FinTech adoption on bank risk, business transformation and banks' market share.