A Research On The Challenges And Development Opportunities Faced By Commercial Banks Under The Wave Of FinTech

In recent years,with the rapid development of Internet technology,and the development of the financial industry business model,the power of the market promoting the integration of the two,a new category of "FinTech" came into being.Faceing FinTech,the banking industry is at a very important crossroads:on the one hand,cloud computing,large data and social networking bring great opportunities,on the other hand the ambitious Internet companies impose continuous impact of the end user by making advantage of their own platforms.This paper attempts to use the literature research method,comparative analysis method and case analysis method to analyze "FinTech" from the perspective of business model and technology,and on this basis,analyzes the challenges and opportunities that commercial banks face in the context of "Fin Tech",and finally The transformation of industry banks under the wave of "FinTech",proposes strategic recommendations for management models and technology applications.