A Study On The Influence Of Internet Finance To Bank Of Quanzhou And Its Countermeasure

The rapid development of the Internet to bring a great impact on various industries,Internet finance represented by third party payments,Internet lending,Internet funds,co-financing Rapid development.China's third-party Internet payment transactions in 2015 reached 11.8 trillion yuan,an increase of 46.9%,the amount of Internet lending has increased significantly,industry trade scale of about 880 billion yuan,the number of users approaching 40 million people,Ali financial small loan business grew rapidly.The rapid development of Internet finance is gradually changing people's spending habits and financial services needs,Impact the traditional model of commercial banks,the future is facing big market space.Under the new situation,How should small and medium banks take advantage of the situation,to achieve sustainable development,is very worthy of study.For Bank of Quanzhou,the rise of Internet finance there is a favorable side,provide a good time to compete with the big banks.If it can seize this opportunity,change the old business philosophy and old management model,promote innovation in financial services,that can catch up with big banks.This paper analyzes the current situation of China's Internet financial development,analyzes the impact of Internet finance on Bank of Quanzhou.analysis the advantages,disadvantages of Bank of Quanzhou.It face challenges of economic downturn and financial disintermediation,but in the optimize internal management,improve customer service,strengthen risk management,also face new opportunities.Bank of Quanzhou should combine their own advantages and disadvantages,clear strategic positioning,expand business channels,strengthen product innovation,expand the middle business,reengineering business processes,promote information construction,enhance the level of risk control,coping with Internet finance,to achieve its sustainable development.