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Analysis of the Impact of Internet Finance on Banking Industry Development
International Journal of Finance and Banking Research
Volume 3, Issue 4, August 2017, Pages: 53-56
Received: Aug. 19, 2017; Accepted: Aug. 31, 2017; Published: Sep. 22, 2017
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Authors
Wang Ping, School of Management, Xi’an University of Science and Technology, Xi’an, China
Zhang Wenjian, School of Management, Xi’an University of Science and Technology, Xi’an, China
Liu Jiao, School of Management, Xi’an University of Science and Technology, Xi’an, China
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Abstract
With the development of Internet information technology, such as mobile payment, cloud computing and large data, there is a new financial service model - Internet financial model. Analysis of the development of Internet finance found that through the replication of financial functions, and the traditional banking industry to form a competitive situation, and the bank resource allocation, payment and settlement and risk management business impact. In the future development, commercial banks must use the Internet technology platform to promote the transformation in the field of management. In the competition with their own advantages to form a "complementary" integration, in order to promote the improvement of financial services efficiency. In this process, the government actively develop the Internet financial regulatory laws and regulations, improve the lack of supervision of Internet finance.
Keywords
Internet Finance, Banking, Development Strategy
To cite this article
Wang Ping, Zhang Wenjian, Liu Jiao, Analysis of the Impact of Internet Finance on Banking Industry Development, International Journal of Finance and Banking Research. Vol. 3, No. 4, 2017, pp. 53-56. doi: 10.11648/j.ijfbr.20170304.11
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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