The study analyzes the impact of fintech adoption on the banking sector's stability in GCC countries from 2010 to 2022. The study also considers the role of fintech regulations in this framework. We construct an index of fintech adoption by banks by considering several factors such as banks' digital presence, mobile banking capabilities, support for open APIs, fintech partnerships, digital payment solutions, automation and artificial intelligence integration, innovation initiatives, user experience focus and embracing new technologies. The regulatory environment is measured through the existence or introduction of fintech-related regulations such as the regulatory sandbox. The findings imply that fintech adoption has reduced banks' stability in GCC. The fintech-stability relationship varies over various bank-specific and country-specific variables. For instance, large and well-capitalized banks are less likely to experience adverse effects of fintech adoption. Moreover, the negative impact of fintech on financial stability is lower for Islamic, foreign and government banks. In addition, banks operating in well-developed and more competitive banking sectors experience lower financial instability when adopting fintech innovation. We confirm these findings with an alternative indicator of fintech adoption. The study also discusses essential policy implications for the sample countries.

该研究分析了2010年至2022年金融科技采用对海湾合作委员会国家银行业稳定性的影响。该研究还考虑了金融科技监管在此框架中的作用。我们考虑了银行的数字化存在、移动银行能力、对开放 API 的支持、金融科技合作伙伴关系、数字支付解决方案、自动化和人工智能集成、创新举措、用户体验关注和拥抱等因素，构建了银行采用金融科技的指数。新技术。监管环境是通过监管沙箱等金融科技相关法规的存在或引入来衡量的。调查结果表明，金融科技的采用降低了海湾合作委员会银行的稳定性。金融科技与稳定性的关系因各种银行特定变量和国家特定变量而异。例如，大型且资本充足的银行不太可能遭受金融科技采用的不利影响。此外，对于伊斯兰银行、外国银行和政府银行来说，金融科技对金融稳定的负面影响较小。此外，在发达且竞争更激烈的银行业运营的银行在采用金融科技创新时，金融不稳定程度较低。我们通过金融科技采用的替代指标证实了这些发现。该研究还讨论了对样本国家的重要政策影响。