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The impact of FinTech firms on bank performance: evidence from the UK

Apostolos Dasilas (Department of Applied Informatics, University of Macedonia, Thessaloniki, Greece)
Goran Karanović (Faculty of Tourism and Hospitality Management, University of Rijeka, Opatija, Croatia)

EuroMed Journal of Business

ISSN: 1450-2194

Article publication date: 26 September 2023




This study examines the impact of financial technology (FinTech) on bank performance employing data from the United Kingdom (UK) banking sector for a period spanning from 2010 to 2019.


This study employs static as well as dynamic panel data regression analysis to assess the impact of FinTech on the profitability of UK banks.


The results show that FinTech firms positively impact bank performance. For every new FinTech firm introduced into the UK market, net interest margin (NIM) and yield on earning assets (YEA) increase by 6.385 and 3.192% of their sample means, respectively.

Practical implications

Cooperating with FinTech firms, UK banks can broaden their portfolio of financial services offered to their customers and optimize their profit margins.


This is the first study that examines the impact of FinTech on bank profitability employing data from a developed market.



The authors thank all anonymous referees, the Editor-in-Chief and the Associate Editor for the helpful comments and suggestions.


Dasilas, A. and Karanović, G. (2023), "The impact of FinTech firms on bank performance: evidence from the UK", EuroMed Journal of Business, Vol. ahead-of-print No. ahead-of-print.



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