The impact of fintech on innovation quality: Evidence from Chinese enterprises

ABSTRACT This article investigates the role of fintech in shaping the development stages of Central Bank Digital Currency (CBDC) projects across 64 countries. Using a panel random-effects ordered logit model (2017–2020), we document strong empirical evidence that fintech-led digital capital raising is positively associated with progress in CBDC initiatives. Our results also highlight the importance of network readiness, financial literacy, and government digital capacity. These findings offer strategic implications for policymakers aiming to balance innovation and governance in digital currency development.

Impact of FinTech on corporate product market competitiveness

ABSTRACT This study seeks to offer fresh evidence on the relationship between FinTech development and environmental sustainability. Traditional approaches that measure welfare solely through economic indicators often overlook environmental costs, underscoring the need for a more comprehensive and inclusive evaluation framework. Accordingly, this work examines the outcome of FinTech on environmental degradation using a panel dataset covering 20 countries from 2012 to 2022. Two distinct environmental indicators—CO₂ emissions and ecological footprint—are employed to ensure a robust assessment. Additionally, income level, total energy consumption and renewable energy usage are incorporated into the model as control variables. The analysis is based on the method of moments quantile regression, while the robustness of the outcomes is verified through the Driscoll–Kraay estimator. Causal relationships are further explored using the Dumitrescu–Hurlin panel causality test. The research's original contribution lies in the construction of an innovative FinTech index focused on payment services, enabling a nuanced analysis of FinTech's multidimensional structure within an environmental context. The study shows that FinTech has the capacity to improve environmental performance, emphasizing a potential alignment between digital finance and ecological protection. Furthermore, the results indicate that income level and total energy consumption exacerbate environmental pressure, whereas the use of renewable energy contributes to its mitigation. These outcomes provide crucial insights for decision‐makers interested in advancing environmentally sustainable financial policies.

ABSTRACT Financial technology (fintech) development has brought revolutionary changes to Chinese urban commercial banks (CUCB), and it is also an important force in preventing and controlling financial risks. This study uses the panel data regression analysis method, selects 134 CUCB from 2011 to 2023 as samples, and deeply discusses the impact and mechanism of fintech on the CUCB credit risk. The study found that first, the relationship between fintech and the CUCB credit risk is an inverted U-shaped curve. The early stages of fintech development increase the credit risk of banks, but as it develops, it helps reduce the credit risk. Second, the size of the board of directors of CUCB affects fintech’s impact. The larger the size of the board of directors, the more obvious the impact of fintech on credit risk. Third, further research found that fintech can effectively reduce credit risk by reducing the number of new branches opened by CUCB. Fourth, from the regional perspective, compared with the western region, the impact of fintech on the CUCB credit risk is more significant in the eastern and central regions. Fifth, the impact of fintech on the CUCB credit risk is more prominent than previously understood.

The impact of fintech on corporate sustainable development performance: Evidence from Chinese listed companies

Research on the Impact of FinTech on New Quality Productive Forces

A Study on the Impact of FinTech on Investment Behavior of Semi-Urban Individuals with Reference to Hassan District

This study organizes firm level banking and Financial technology (FinTech) data and reports preliminary results using DuPont decomposition and regression. The sample covers PayPal and U.S. banks from 2015 to 2023, covering pre and post pandemic periods. In order to trace profitability channels, Return on Equity(ROE) is decomposed into profit margin, asset turnover, and equity multiplier. A linear model then links bank ROE to FinTech activity, operational drivers, and controls for size and inflation.Results show margin erosion and slower asset use in the later period: mean profit margin falls from 0.26 to 0.19, asset turnover from 0.072 to 0.065, while the equity multiplier rises from 11.5 to 12.2. Consequently, mean ROE declines from 21.5 percent to 15.1 percent. Regression estimates indicate that higher FinTech funding is associated with lower bank ROE, = 0.43, p < 0.01, which supports a substitution effect. Profit margin and asset turnover remain positive and significant drivers of ROE, while leverage is weakly positive. The adjusted R is 0.63, suggesting a good fit for preliminary analysis.These findings suggest that FinTech growth compresses bank profitability, that is why digital transformation, and selective partnerships may be necessary to sustain stable returns over time.

The impact of FinTech on bank performance: A systematic literature review

The impact of FinTech on financial sustainability in the GCC: A comparative study of FinTech and non-FinTech companies

Impact of fintech on carbon emissions in China: Evidence from the perspectives of green finance and financial efficiency

Research on the Impact of Fintech on Corporate Supply Chain Risk

Small and Medium Enterprises (SMEs) are crucial drivers of economic growth, innovation, and employment, particularly in developing countries like India. However, these enterprises often face significant challenges in accessing financial resources and integrating advanced technologies into their operations. Financial Technology (Fintech) has emerged as a transformative force in the financial sector, offering innovative solutions to enhance the efficiency and accessibility of financial services for SMEs. This study explores the relationships among Fintech, financial inclusion, and the growth and development of manufacturing SMEs in India. By employing a quantitative approach and utilising Partial Least Squares Structural Equation Modelling (PLS-SEM), data from 366 manufacturing SME owners in India were analysed. The findings reveal that Fintech significantly enhances financial inclusion, which in turn supports the growth and development of SMEs. The results provide valuable insights for policymakers and stakeholders, highlighting the positive impacts of Fintech and financial inclusion on SME growth and development.

This article takes small and micro enterprises in Beijing from 2011 to 2023 as a sample, and uses OLS benchmark regression, heterogeneity analysis, interaction effect model and multi-dimensional robustness test to explore the impact of financial technology on short-term loans of small and micro enterprises and the adjustment of the impact of the epidemic effect. The research finds that fintech has a significant positive impact on short-term loans to small and micro enterprises. For every 1-unit increase in the digital inclusive finance index, the logarithmic scale of short-term loans will increases by 0.004 units (approximately 0.4%), forming a synergistic improvement effect of “scale, cost and availability”. The epidemic has significantly strengthened this effect. During this period, the promoting effect of fintech was three times that before the epidemic, and the marginal effect of the interaction term coefficient verification increased by an additional 0.007 units. The impact of fintech on different financing indicators is heterogeneous, and its promoting effect on short-term loan scale is more significant. The effect is released through the multi-dimensional synergy of coverage breadth, use depth and digitalization level. Finally, policy suggestions are put forward from the aspects of the development of digital inclusive finance and the construction of impact response mechanisms.

Global sustainability agendas, especially in the agricultural sector, are being advanced by the convergence of green marketing, sustainable agriculture, and technological innovation. Green marketing orientation gauges an organization's commitment to putting strategic, tactical, and internal procedures and activities into place with the goal of developing, communicating, and delivering goods and/or services with the least amount of environmental impact. FinTech is the use of cutting-edge digital technologies, like blockchain, digital credit, mobile banking, and alternative data analytics, to provide financial services, particularly in areas where traditional systems are still insufficiently advanced or exclusive. By improving efficiency, increasing access, lowering transaction costs, and promoting financial inclusion, all of which are essential components of sustainable development, FinTech has quickly upended traditional financial infrastructures. The purpose of this study is to determine the influence of fintech on sustainable agriculture and ultimately affect artificial intelligence (AI)-based green marketing. This research uses theoretical literature review as a research method. Authors found that fintech affects sustainable agriculture, and AI-based green marketing affected by sustainable agriculture. Digital finance has emerged as a transformative force in the agricultural sector, reshaping how farmers, agribusinesses, and intermediaries access and manage financial services. The agricultural value chain, which encompasses production, processing, distribution, and retail, has historically faced challenges related to inefficiency, lack of transparency, and limited access to credit. By integrating digital technologies such as mobile banking, blockchain, and digital payment systems, financial transactions within agriculture are becoming more transparent, accessible, and efficient.

Adopting Environmental, Social, and Governance (ESG) principles has become essential for the sustainable growth of businesses and the broader progress of society and the economy. As a result, enhancing corporate ESG performance has become an urgent priority for governments, companies, and various stakeholders. In the context of ongoing structural shifts in the financial sector driven by technological advancements, financial technology (FinTech) offers innovative approaches and solutions to tackle this challenge. This paper conducts an empirical analysis of how FinTech impacts corporate ESG performance, focusing on a sample of Chinese A-share listed companies from Shanghai and Shenzhen between 2013 and 2022. The findings demonstrate that FinTech significantly improves ESG performance, with this conclusion remaining consistent across multiple tests, including instrumental variable techniques, sample adjustments, and alternative measurement methods. Three key mechanisms through which FinTech influences ESG performance are identified: easing financing constraints, enhancing the quality of information disclosure, and strengthening internal corporate controls. Furthermore, the impact of FinTech is more pronounced in companies led by executives with a financial background, as well as in regions with higher levels of financial development and digital progress. This study provides a comprehensive analysis of the channels through which FinTech affects ESG performance, offering both theoretical insights and empirical evidence to support efforts to improve ESG outcomes for Chinese firms. It also carries important policy implications for promoting high-quality economic development in China and advancing the country’s sustainability objectives.

Financial Technology (FinTech) has been a revolutionary force in the last ten years, especially in emerging economies that are working to expedite digital transformation and attain financial sustainability. This study examines how FinTech development affects financial sustainability, using institutional preparedness as a moderating variable and digital transformation as a mediating factor. The study uses fixed-effects panel regression analysis to investigate cross-regional dynamics using a panel dataset of 18 rising economies in Africa, the Middle East, and Southeast Asia from 2015 to 2025. FinTech development considerably improves financial sustainability, according to empirical studies (β = 0.42, p < 0.001), with digital transformation processes mediating about 38% of this benefit. This association is further strengthened by institutional preparedness, suggesting that regulatory frameworks and governance quality are crucial for maintaining FinTech-driven growth. Southeast Asia has the strongest correlation between FinTech adoption and sustainability, according to regional studies, whereas Sub-Saharan Africa's influence is still limited by policy and infrastructure constraints. The results highlight how FinTech may promote equitable and sustainable financial systems when it is backed by strong digital governance. It is recommended that policymakers advance financial literacy, improve digital infrastructure, and include ESG principles into FinTech regulations. This study advances our theoretical and practical knowledge of how FinTech may promote digital inclusion, economic resilience, and sustainable financial growth in developing nations.

There is an increase in environmental pressures and the digital transformation in the financial ‎sector. This study examines how financial technology (FinTech) and the effectiveness of IT ‎governance (EITG) influence green institution activities (GIA) within various financial ‎institutions of Saudi Arabia. Addressing the critical gap in the emerging markets of Saudi Arabia, ‎a quantitative approach was applied by using Partial Least Squares Structural Equation Modeling ‎‎(PLS-SEM) on the data collected from 419 respondents within Saudi financial institutions. The ‎findings of the study reveal that FinTech has a weak direct impact on GIA, while it significantly ‎enhances GIA when mediated through effective IT governance, which demonstrates the need to ‎align IT governance frameworks with the deployment of FinTech to enhance environmental ‎performance. The findings highlight the critical role of digital financial innovation in enhancing ‎the sustainability of financial sectors. Furthermore, the study offers key practical implications for ‎financial institutions to integrate ESG objectives into their FinTech deployment strategies to ‎foster a green digital ecosystem through governance and regulatory support. This study reinforces ‎the strategic importance of integrating FinTech with institutional alignment to achieve insights ‎into digital sustainability goals in line with the broader economic diversification agenda of Saudi ‎Arabia, Vision 2030‎.

The impact of fintech on the performance of traditional banking remains contentious, with its underlying economic mechanisms still an urgent research priority. Utilizing panel data from 2010 to 2022, this study investigates the dynamic relationship between fintech development and traditional banking performance. The results demonstrate that emerging digital financial sectors, as early adopters of fintech, generate positive externalities on traditional banking performance through business model innovation. Conversely, traditional banks’ internal fintech adoption exhibits a U -shaped relationship with their performance. These findings comprehensively reveal the dynamic interplay between fintech and commercial banking evolution, offering critical insights for informing development strategies for digital finance.