FinTech and financial stability: Threat or opportunity?

被引：56
|
作者：
Daud, Siti Nurazira Mohd [1 ]
Ahmad, Abd Halim [1 ,2 ]
Khalid, Airil [1 ]
Azman-Saini, W. N. W. [3 ]
机构：
[1] Univ Utara Malaysia, Sch Econ Finance & Banking, Sintok 06010, Kedah, Malaysia
[2] Univ Econ Ho Chi Minh City, Inst Business Res, Ho Chi Minh City, Vietnam
[3] Univ Putra Malaysia, Sch Business & Econ, Serdang 43400, Malaysia
来源：
FINANCE RESEARCH LETTERS | 2022年 / 47卷
关键词：
FinTech; Financial stability; GMM estimation; Competition; Concentration; COMPETITION; GROWTH; BANKS;
D O I：
10.1016/j.frl.2021.102667
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper investigates the relationship between FinTech countries' financial stability in a panel of 63 countries from 2006 to 2017. We employed the dynamic panel of System Generalized Method of Moments (GMM) estimator that addresses possible endogeneity. The empirical results indicate that FinTech promotes financial stability through the channels of artificial intelligence, cloud technology, and data technology. Our findings also suggest that bank concentration complements the effect of FinTech on financial stability. In light of these findings, financial institutions should embrace FinTech and lead the way in evolving and creating an enabling FinTech ecosystem.
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页数：7
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