Financial Impact Of The Internet On Traditional Commercial Banks

With the rapid development of information technology, Internet banking model has been gradually rising. Innovative model of an extremely wide variety of Internet banking, such as: mobile banking, mobile payments, online banking, Ali finance. Their appearance caused a very big impact on the traditional financial institutions insurance, funds, banking, securities, etc., in some of our major financial firms Internet(for example: Jingdong Mall, Tencent, Ali, etc.) are in themselves have adopted a variety of advantages to innovative financial business model, they can expect their products to an invincible position in Internet banking competition. As a new financial model, Internet banking has attracted a lot of attention, its development on people’s daily lives, and work have a great impact on the commercial banks and other traditional types of financial institutions constitute a very big impact, Therefore, in-depth features and impact of Internet banking analyze the challenges of commercial banks to think, and to propose relevant measures to deal with it is extremely necessary.Writing in the paper mainly uses the literature research, observation, interviews, comparative analysis, summarized the law, lessons learned law. The researchers combined use of the above methods to study the following questions:(1) Introduction section. Through domestic and foreign papers summarize relevant research to arrive at the contents of this paper and some of the specific circumstances of the writing area. There are mainly contained papers background, purpose and meaning, content research status, research methods, the main content and research framework.(2) on the basis of theoretical concepts were reviewed. The main contents include an Internet financial theory, which outlines the internet financial theories, concepts, characteristics, the main mode of operation, and classification;. The current situation of Internet and traditional banking financial development were compared to the status quo of China’s major Internet financial development has been summarize, and Internet banking and traditional banking were compared.(3) the impact of the Internet on traditional commercial banking financial depth analysis. Which challenge traditional commercial banks caused analyzed that have an impact on the content contains traditional commercial banking, commercial banking business gradually reduce the current advantages and challenges of promoting reform and restructuring of commercial banks; the influence of traditional commercial banks to carry out an in-depth analysis, the main contents of which have an impact on the aspects included commercial bank deposits, the impact and influence on the monetary system of service.(4) address the impact of traditional commercial banks suggestions. Should be considered first from traditional commercial banks to improve the internal management, from strengthening their ability to innovate, great attention to data acquisition capabilities improve and streamline business processes and innovations are planned; should pay attention to the development of enhanced cooperation that should include an Internet payments cooperation with the funds of credit information cooperation, cooperation loan disputes, as well as aspects of the regulatory agencies with refined and improved.(5) The full text of the paper systematically summarizes research.