FinTech and commercial banks' performance in China: A leap forward or survival of the fittest?

Xihui Chen, Xuyuan You, Victor Chang*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


As the impacts of the COVID-19 pandemic play out globally, the banking industry has been affected in both positive and negative ways, with the crisis creating both opportunities and threats for the collaborations between FinTech and banks. The aim of this study is to investigate the impact of FinTech products (FTPs) on commercial bank's performance in China. Required data are collected with a quantitative approach and two self-designed questionnaires were distributed to customers and employees of commercial banks in China. The gathered data were examined using the structural equation modeling technique. The results of this study reveal that the perceived usefulness (PU) of FTPs has positive and significant impacts on customer satisfaction, low expectation of bank employee assistance, bank's service quality and employee work efficiency. Additionally, the perceived difficulty of use (PD) of FTPs has negative and significant impacts on customer satisfaction and low expectation of assistance. Interestingly, there is a positive and significant relationship between PD and banks' service quality and work efficiency, meaning that the service quality and work efficiency can reduce some shortcomings of using FTPs. This study recognizes the need to enhance the understanding of FTPs on non-financial firm performance. This is the first study that helps commercial banks in China understand the perception of FTPs from both customer and employee perspectives.

Original languageEnglish
Article number120645
JournalTechnological Forecasting and Social Change
Early online date3 Feb 2021
Publication statusPublished - 1 May 2021

Bibliographical note

© 2021, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Funding Information:
This work is partly supported by VC Research (VCR 0000108) for Professor Chang.


  • Commercial banks
  • Customer expectation
  • Customer satisfaction
  • Fintech
  • Firm performance
  • Service quality
  • Work efficiency


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