TY - JOUR
T1 - The effect of financial technology on the financial performance of national Saudi banks
AU - Alqahtani, Hassan Ali
AU - Alqubaysi, Rayan
AU - Musa, Asaad Mubarak Hussien
AU - Boreik, Doaa Ahmed Said
N1 - Publisher Copyright:
© 2024 by the authors; licensee Growing Science, Canada.
PY - 2024/6/1
Y1 - 2024/6/1
N2 - Fintech, characterized by the intersection of finance and technology, has globally transformed the financial landscape, reshaping traditional banking models as its innovations continue to unfold. The current study seeks to provide a comprehensive examination of the impact of fintech on the financial performance of Saudi banks. Nine Saudi national banks were investigated. The data were gathered from the annual reports from 2017 to 2022. The study followed multiple regression to test the relationship between factors. The study found that there was no notable impact of FinTech tools, such as Banking messages, Internet banking, Mobile applications, and Digital transfers, on return on assets (ROA) and return on equities (ROE) when looking at each tool individually. Nevertheless, when considering all these tools collectively, there is a considerable influence of 93.2% on ROA, and 84.2%, on ROE.
AB - Fintech, characterized by the intersection of finance and technology, has globally transformed the financial landscape, reshaping traditional banking models as its innovations continue to unfold. The current study seeks to provide a comprehensive examination of the impact of fintech on the financial performance of Saudi banks. Nine Saudi national banks were investigated. The data were gathered from the annual reports from 2017 to 2022. The study followed multiple regression to test the relationship between factors. The study found that there was no notable impact of FinTech tools, such as Banking messages, Internet banking, Mobile applications, and Digital transfers, on return on assets (ROA) and return on equities (ROE) when looking at each tool individually. Nevertheless, when considering all these tools collectively, there is a considerable influence of 93.2% on ROA, and 84.2%, on ROE.
KW - Financial performance (FP)
KW - Fintech
KW - National Banks
KW - ROA
KW - ROE
UR - http://www.scopus.com/inward/record.url?scp=85192762128&partnerID=8YFLogxK
U2 - 10.5267/j.ijdns.2024.4.003
DO - 10.5267/j.ijdns.2024.4.003
M3 - Article
AN - SCOPUS:85192762128
SN - 2561-8148
VL - 8
SP - 1399
EP - 1404
JO - International Journal of Data and Network Science
JF - International Journal of Data and Network Science
IS - 3
ER -
