Template-Type: ReDIF-Article 1.0
Author-Name: Njabulo Mhlongo
Author-Email: 219015006@stu.ukzn.ac.za
Author-Name: Damien Kunjal
Author-Email: KunjalD@ukzn.ac.za
Author-Name: Paul-Francois Muzindutsi
Author-Email: MuzindutsiP@ukzn.ac.za
Title: The influence of Fintech innovations on bank competition and performance in South Africa
Abstract: In recent years, the South African banking sector has undergone rapid transformations due to innovations in financial technology (Fintech). Regulated by the South African Reserve Bank (SARB), banks are essential for economic growth through capital provision, risk management, and transaction facilitation. Recent Fintech advancements offer more efficient, personalised, and cost-effective solutions, challenging traditional banking models. Against this background, the current study explores the impact of Fintech innovations on banking sector competition and performance, focusing on banks listed on the Johannesburg Stock Exchange (JSE) from 2000 to 2023. Using a panel regression approach, the findings reveal that Fintech enhances competition, particularly through mobile transactions. However, Fintech does not significantly improve bank performance indicators, suggesting traditional structures remain at play. These findings have significant implications for stakeholders in the South African banking sector.
Keywords: Banking sector, Competition, Fintech, Johannesburg Stock Exchange, Performance
Journal: Modern Finance
Pages: 1-12
Volume: 3
Issue: 2
Year: 2025
Subtitle : 
File-URL: https://mf-journal.com/article/view/252
File-Format: text/xml
Handle: RePEc:bdy:modfin:v:3:y:2025:i:2:p:1-12:id:252