La innovación financiera y su incidencia en la rentabilidad de bancos privados en Ecuador 2015 2019. Enfoque en los cajeros automáticos

Abstract

Abstract:Financial innovation is considered as the effort of generating new financial instruments focused on technologies, institutions and markets. It is also considered as a renewal process with product innovation through modern derivative contracts, new corporate securities or different way of concentrated investment production, as well as the process of improving these channels to endow security in transactions and prices, this research named Financial innovation and its impact on the profitability of private Banks in Ecuador 2015 2019. Focus on ATM´s . It has been developed to determine the incidence between financial innovation and the profitability of Ecuadorian private banking. Eleven financial entities regulated by the Superintendency of Banks were evaluated according to official data between 2015 2019, a regression analysis was performed, the results of the regression show that financial innovation against ROE and ROA are low, but with 95% of statistical significance, credit and debit cards in relation to ROE are the innovations that generate an impact.