The Impact On ICBC Business By Internet Finance

With the rapid development of computer and internet technology,especially internet applications become more and more widely,the full development of information technology in the financial services sectors,to promote the financial sector organizations and services update,especially the rapid development of internet finance,the traditional commercial banks in China are facing great challenges,for the past few years,although ICBC's business have developed rapidly,and occupy a part of market share,to compare with other commercial banks,ICBC made fixed success,but under the impact of internet finance wave,because of large scale,more regulatory constraints,not flexible enough in development of regional economy,There are still some problems in the aspects of technology,management and product or function innovation,It is difficult to cope with the challenge of Internet development to banks.This paper introduces the meaning,feature and development of internet finance,and internet finance occupies a pivotal position in the economic development process,Bank management model,the impact of bank income and bank information resources,The impact of bank income and bank information resources,It lays the foundation for the following writing.From then on,in this paper,combined with the actual situation of ICBC,Focus on the analysis of the Internet banking business to traditional banking,including payment services,provide financing services,deposit business,enterprise information modeling and other traditional business challenges,last,In this paper,combined with the development of internet finance for ICBC,and Its challenges and opportunities,how to deal with the industrial and Commercial Bank of China under the background of Internet Financial Development.The results show that:(1)The rapid development of internet finance on the traditional banking business,mainly reflected in bank deposits,payment and clearing,finance,financia and customer information,(2)ICBC's “payment.finance.information” internet finance business model,ICBC's “E-ICBC” in the overall goal of the strategy is to build a payment,financing,financial transactions,business,information services in one of the five functions of the system.(3)challenges and opportunities for the development of internet finance for ICBC,from the market expansion,target market,product mix,channel construction,research and development support and other aspects of the ICBC due to the impact of internet finance,and then based on China's financial industry.