| Since the 21st century,China’s commercial banks have developed rapidly,but the extensive mode of operation,homogeneous of competition,and low level of innovation has been objectively existing.Against the background of marketization of interest rates, financial disintermediation,and tightening of supervision policy,commercial banks have gradually entered the "low profit”era.In recent years,financial technology has experienced rapid development,emerging new technology like cloud computing, mobile payment modes,big data application,artificial intelligence,etc.,are all rapidly being integrated into the financial industry to promote the transformation of traditional banks.In the 13th Five-Year Plan on Scientfic and Technological Innovation issued by the State Council in July,2016,it clearly stated,’Promoting the innovation of technology financial products and services should become the future development direction of our commercial banks." In May 2017,the People’s Bank of China formally established the Financial Technology Commission,with the aim of strengthening the research planning and overall management of financial technology work.At the present,the convergence of finance with technology in the banking industry has begun to accelerate rapidly.Based on its overall banking strategy,China’s banking industry urgently needs to use financial technology to promote the innovation and transformation of the banking model and business process in order to promote the realization of the overall business objectives of the bank.As a result,each bank is already prepared to launch sub strategies of financial technology development based on their own bank’s overall strategy.The development strategy of banking financial technology will have a far-reaching impact on the future development of banks.Based on the above reasons,this paper takes a look at the example of an A joint-stock bank,combined with the vigorous development of financial technology,it conducts background research,literature reviews from home and abroad,theoretical basis analysis,internal and external environment analysis of A Commercial Bank, SWOT analysis of A Commercial Bank,and so on.Then after formulating the financial technology development strategy of A Commercial Bank,the paper presents A bank’s financial technology development strategy from four aspects:application of development platforms,data supporting intelligence,specialization of technology operations,and creating internet banking.After presenting suggestions of financial technology strategy for A Commercial Bank,this paper proposes specific safeguard measures for the implementation of fintech strategies of A Commercial Bank,mainly including increasing investment in technology,promote detailed management of science&technology,creating a mechanism for scientific and technological innovation,exploring financial technology innovative technology,and optimizing the organizational structure of technology,etc.Finally,the paper summarizes and considers the future.This paper puts forward a strategic plan for the development of financial technology for A Commercial Bank,which can efficiently solve the bottleneck of A Commercial Bank’s technological development,effectively enhance its technological comprehensive technical service capability,put into practice the work concept of "Win in technology",and realize the strategic goal of secure operations,efficient services,innovative leading of A Commercial Bank.At present,most commercial banks have not yet formulated their own financial technology strategy.This study can not only provide practical application support for the formulation of A Commercial Bank’s financial technology development strategy,but also provide a positive reference for other domestic commercial banks to formulate financial technology strategy. |
