A Brief Analysis Of The Internet Finance And Its Impact On Commercial Banks

As a new financial model, the Internet finance attracts a lot of attention. Thedevelopment of the Internet finance has a great effect on people’s daily life and work. Italso has a tremendous impact on traditional commercial banks. So, it’s very important andnecessary to analyze the characteristic, the influence and the challenge to the banks of theInternet finance.This article is based on the existing document literature and the latest information andcombined with the status of the Internet finance, introducing the two stages of financialdevelopment and the current situation. The article also describes the characteristic of theInternet finance: low-cost, high efficiency, easy to operate and high-risk, etc. And thenintroducing the Internet finance as classification, analyzing the impacts and influence costby the rapidly development of the Internet finance. As a conclusion, the Internet financeshould pay attention to its risk prevention as its business grows rapidly. At the same time,the commercial banks should strengthen and innovate its Internet business. According totheir cooperation, they will achieve a double win situation.