Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 52 , 01 December 2023
Open
Access | Article
Research on the Evaluation of Core Competitiveness of Commercial Banks: Based on the Perspective of Digital Transformation
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Abstract
With the full arrival of the financial technology 3.0 era, commercial banks have realized the importance of using financial technology to accelerate their transformation and upgrading. Studying the influencing factors of commercial banks’ digital transformation has important practical implications for commercial banks to improve their core competitiveness. In the respect of digital transformation, this paper uses principal component analysis method to evaluate the core competitiveness of some typical commercial banks in depth. Finally, it draws some conclusions that with the development of digital transformation, the scale, profitability and solvency of commercial banks become stronger. In this case, core competitiveness of banks becomes better. Driven by digital transformation, the scale, profitability and solvency of commercial banks show a clear positive relationship with the core competitiveness of commercial banks. According to the research conclusions, this paper shows that the development strategies of using digital transformation to improve core competitiveness should be different for banks of different sizes and degrees of development, but all commercial banks should pay attention to the advantages of what digital transformation can bring in improving core competitiveness.
Keywords
commercial bank, core competitiveness, digital transformation, principal component analysis
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-151-3
- ISBN (Online)
- 978-1-83558-152-0
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/52/20230701
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited