Research On The Impact Of Internet Finance On Non-interest Income Of Commercial Banks

Internet finance is a new financial model that emerging technologies such as mobile Internet,cloud computing,and big data have penetrated into financial services.Internet finance has a profound impact on commercial banks' non-interest income.Non-interest income business is the focus of commercial bank development.Therefore,to study the impact of Internet finance on non-interest income of commercial banks,we hope to provide reasonable advice for the coordinated development of commercial banks and Internet finance companies.First,objectively describe the development status of non-interest income business of internet finance and commercial banks,and analyze the impact of fifteen kinds of internet financial models on non-interest income of commercial banks,and identify three types of internet finance that have the strongest correlation with non-interest income of commercial banks.The models are Internet Payments,Internet Monetary Funds,and P2P Online Loans.Furthermore,based on related theories,the positive and negative effects of these three Internet financial models on non-interest income are analyzed.An empirical study of the impact of internet finance on non-interest income,using the scale of Internet payment transactions,the net value of net currency funds,and the balance of P2P online loans as the core explanatory variables,with quarterly quarters of 16 commercial banks from the third quarter of 2013 to the third quarter of 2017 The data is a sample and a panel data model is established for regression analysis.The conclusions of the study are as follows:Internet payments,internet money funds,and P2P online loans all have a significant positive impact on non-interest income.Specifically,for every 1%increase in the size of Internet payment transactions,non-interest income increases by 0.07%;for every 1%increase in the net value of Internet money funds,non-interest income increases by 0.17%;for every 1%increase in P2P network loan balance,non-interest income increases.0.08%.This shows that Internet finance has promoted the transformation of commercial banking business innovation and profit model,and has a positive impact on non-interest income.To achieve further transformation and upgrade of non-interest income businesses,commercial banks must rely on financial science and technology to achieve business innovation,achieve online business transformation,and improve the competition mechanism with Internet finance companies.