Fintech is an opportunity, not a threat - Hong Kong's banks

PRELIMINARY SUGGESTIONS OF FINTECH’S POSITIVE EFFECTS ON BANKS’ PERFORMANCE

A preliminary attempt is made to gauge whether incumbent banks have benefitted from adopting Fintech by examining the relationship between Fintech adoption and changes in banks’ costto-income ratio and return on assets (ROA).

Initial results show that changes in banks’ cost-to-income ratio and ROA are statistically correlated with their Fintech adoption status. A bank with a higher level of Fintech adoption is associated with a larger cumulative decline in its cost-to-income ratio as well as a larger cumulative rise in its ROA, other things being equal.

These preliminary results suggest that the adoption of Fintech has so far produced some positive effects on banks’ performance.

Fintech is an opportunity, not a threat - Hong Kong's banks: https://lnkd.in/ehFpVDK

Plaid Launches API Exchange To Accelerate Open Banking And Digital Transformation https://lnkd.in/euVTT3P

CMA publishes approved Roadmap for the final stages of Open Banking implementation – Open Banking https://lnkd.in/g3xqZ_x

Business Wire: Juniper Research: Open Banking Users to Double by 2021, as Consumers Seek Deeper Financial Insights https://bwnews.pr/36oTbQr

AltFi: Revolut Business integrates with Clear Books for SME accounting https://bit.ly/3e7REkm

The Brazil Tech And Innovation Round-Up: Brazil Kicks Off Open Banking, Venture Capital Investments Grow, E-Commerce Sales Increase https://lnkd.in/eNub-Ji

Register for "eCommerce, new challenges & opportunities” this friday 12pm CDT Mexico City time #https://lnkd.in/ezXrrCPhttps://lnkd.in/ek-PuJuhashtag

#openfinance2020