The impact of financial technology services on the profitability of banks By application to commercial banks listed on the Damascus Stock Exchange

Abstract

The research aims to study the impact of financial technology services on the profitability of commercial banks listed on the Damascus Stock Exchange, measured by return on assets (ROA) and return on equity (ROE), by applying it to the eleven commercial banks during the period 2014-2023 with 110 observations. The study sample is measured By return on assets (ROA) and return on equity (ROE) This is based on data published in the financial lists and reports of banks listed on the Damascus Stock Exchange using cross-sectional series data, Panel Data, using the ordinary least squares method through the E-Views10 program. The results of the study showed that banks are not ready to expand towards financial technology companies, as there is no effect for the value of assets. Technology is represented by the ratio of (credit cards to total facilities), and (computer programs to total bank assets) On the profitability of banks represented by the return on assets and the insignificance of the model with respect to the return on equity