Research On The Influence And Application Of Fintech On The Business Model Of Commercial Banks

With the development of the digital age,the wave of fintech is also gradually emerging.From the unregulated P2P explosion of Internet finance to the gradually standardized financial technology,commercial banks,as an important body of the financial system,play a crucial role in China’s economic development.Technology company development financial industry seized the commercial bank market share,but at the same time also accelerate the commercial Banks to adapt to market reform,improve the comprehensive ability of financial services,in the technology company on the basis of the audience,commercial Banks actively explore and the integration of science and technology,development trend also gradually catch up with technology companies.Commercial banks are no longer able to adapt to the needs of the Times and society,and embracing technological changes can better adapt to the digital era,and help China realize the Fintech Development Plan(2022-2025),which shows the importance of exploring the impact and application of fintech on the business model of commercial banks.First of all,this paper will analyze the current situation of fintech application in commercial banks on the basis of fintech theory and combined with different business scenarios.Explore the application of fintech of China’s commercial banks in the intelligent network construction,the development of retail credit business,the integration of cross-border cooperation and the construction of open banks.Secondly,explore the impact of artificial intelligence,blockchain,cloud computing and big data on the business models of commercial banks.At present,the development of fintech in China does not fully cover commercial banks,but the positive role of fintech on the development of commercial banks can better help the market transformation and efficiency increase of commercial banks.Therefore,in the analysis,China’s first jointstock bank with private capital and gradually developed into the head of China to explore,and the case bank has a certain representative.By studying the four representative application scenarios of fintech in CMBC,smart marketing,settlement services,risk control and credit investigation,the application of fintech in different scenarios is deeply analyzed,so as to provide guidance for other commercial banks.Finally analysis of financial technology of minsheng bank business model to promote business and product innovation,improve the application level of logistics system,explore diversified cross-border cooperation,build the influence of distributed technology architecture,explore the transformation of science and technology transformation,in the application of commercial bank financial technology and for the future development has certain theoretical significance.Therefore,through the analysis of the above content,this paper will have a great impact on the financial technology field of commercial banks.Commercial banks are an important part of China’s financial system,which are of vital significance to China’s economic development.Through research and exploration,this paper from the economic development,commercial bank management and social life,it can be seen that the application of financial technology in commercial Banks to promote high quality economic development,enhance the core competitiveness of commercial Banks,laid the foundation for the steady development of commercial Banks,and make financial services become everywhere,to realize the whole scene of ecological banking and improve the efficiency of financial services.With the continuous research of financial science and technology,and the theoretical practice,will be for our commercial Banks to adapt to interest rate marketization and domestic and international economic environment changes to establish a solid foundation,it is the guarantee of high quality economic development in our country,research theoretical basis and application in more scenarios is the key to the comprehensive implementation of commercial Banks technology transformation,is also the main direction of future research.