EFFICIENCY OF USING FINANCIAL TECHNOLOGIES IN BANKS

Abstract

This article explores the impact of financial technologies (fintech) on the efficiency of commercial
banks. Through the analysis of data from various sources, including fintech reports and industry
publications, the research findings indicate that the implementation of fintech can significantly
improve bank efficiency. Process automation, enhanced risk management, and personalized
customer services all contribute to increased profitability and competitiveness. However, successful
implementation requires careful planning, adequate resources, and consideration of potential risks.
Overall, fintech offers commercial banks new opportunities to optimize their operations and
enhance their overall efficiency