<![CDATA[Purpose – This study aims to examine the differences in the financial performance of Regional Development Banks (BPDs) before and during the emergence of financial technology (fintech), as measured by Return on Assets (ROA), Return on Equity (ROE), Net Interest Margin (NIM), and Operating Expenses to Operating Income (BOPO). Design/methodology/approach – This study employs a comparative quantitative approach using area sampling to select seven Regional Development Banks from a population of 24 conventional BPDs. Secondary data were obtained from financial statements covering the periods 2013–2016 (before fintech) and 2017–2020 (during fintech). The Wilcoxon Signed Rank Test was performed using STATA software due to the non-normal distribution of the data. Findings – The results indicate significant differences in ROA, ROE, and NIM between the periods before and during the emergence of fintech. However, no significant difference is found in BOPO. These findings suggest that fintech has affected bank profitability but has not significantly influenced operational efficiency. Originality/value – This study provides empirical evidence on the impact of fintech development on the financial performance of Regional Development Banks in Indonesia, offering insights for bank management and regulators in developing adaptive strategies to address technological disruption in the financial sector.]]>
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