Author(s)

Zihao Jin

Corresponding Author

Zihao Jin

Abstract

Financial technology (FinTech) is quietly changing the ecology of traditional finance with innovative value creation and business models, especially having a profound impact on the traditional financial business of Chinese commercial banks. With the rapid development of FinTech, many commercial banks actively utilize technological means to drive continuous innovation in banking business and accelerate the pace of digital transformation. This process not only optimizes the business processes of banks, improves service quality and efficiency, but also significantly enhances the risk management capabilities of commercial banks through the application of cutting-edge technologies such as big data, cloud computing, and artificial intelligence (AI). However, the close integration of finance and technology has also given rise to the phenomenon of financial disintermediation, leading to more complex and difficult to detect financial risks. This transformation has had a significant impact on the risk-taking of commercial banks, opening up new development opportunities as well as unprecedented challenges. The main purpose of this article is to explore in depth the specific impact of FinTech on the risk-taking of commercial banks, analyze how FinTech reshapes the risk management structure of commercial banks, and how commercial banks should adapt to this change, striving to find an appropriate balance between risk and return.

Keywords

Financial technology; Commercial banks; Risk bearing