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Impact of Financial Technology on Improvement of Banks’ Financial Performance

Author

Listed:
  • Hafez Baker

    (Financial Services Company, Trading Company, Abu Dhabi 59559, United Arab Emirates)

  • Thair A. Kaddumi

    (Faculty of Business, Applied Science Private University, Amman 541350, Jordan
    MEU Research Unit, Middle East University, Amman 541350, Jordan)

  • Mahmoud Daoud Nassar

    (College of Business, Al Ain University, Abu Dhabi 112612, United Arab Emirates)

  • Riham Suleiman Muqattash

    (College of Business, Al Ain University, Abu Dhabi 112612, United Arab Emirates)

Abstract

This study investigates the main financial technologies adopted by banks to improve their financial performance. The study population consists of commercial banks listed on the Amman Stock Exchange and Abu Dhabi Securities Exchange, and includes financial information and data from 2012 to 2020. A total of 115 questionnaires, consisting of five questionnaires for each bank, were distributed to the study population in Jordan and the United Arab Emirates. The dependent variable is financial performance, while the independent variable is financial technology (FinTech). Multiple linear regression analysis was conducted to test the hypotheses. The results showed that FinTech has a positive effect on both total deposit and net profits. This study recommends that banks be encouraged to adopt inclusive strategies to attain sustainable development.

Suggested Citation

  • Hafez Baker & Thair A. Kaddumi & Mahmoud Daoud Nassar & Riham Suleiman Muqattash, 2023. "Impact of Financial Technology on Improvement of Banks’ Financial Performance," JRFM, MDPI, vol. 16(4), pages 1-20, April.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:4:p:230-:d:1116545
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    References listed on IDEAS

    as
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