Financial Technology Adoption and Corporate Financial Performance

Financial technology (FinTech) has become one of the most significant drivers of transformation in the corporate financial landscape over the past decade, reshaping how firms manage capital, process transactions, and evaluate risk. This study examines the relationship between FinTech adoption and corporate financial performance by synthesizing recent empirical evidence published between 2021 and 2026. Employing a systematic literature-based conceptual approach, twenty-five peer-reviewed studies covering banking institutions, small and medium enterprises, and non-financial corporations across Asia, the Middle East, Europe, and Africa were reviewed and thematically analyzed. The study is grounded in the Resource-Based View and Dynamic Capabilities perspectives, positioning FinTech adoption as a strategic, valuable, and difficult-to-imitate organizational resource that enhances profitability, operational efficiency, and risk management. Findings indicate that FinTech adoption generally exerts a positive and significant influence on financial performance indicators such as return on assets, return on equity, and net profit margin, although the strength of this relationship varies according to firm size, institutional context, and regulatory environment. Digital transformation, financial literacy, and green finance emerge as important mediating mechanisms shaping this relationship. The study contributes a consolidated conceptual framework linking FinTech adoption to corporate financial performance and offers practical implications for managers and policymakers seeking to leverage technology for sustainable financial growth.

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