Proceedings of the 2022 3rd International Conference on E-commerce and Internet Technology (ECIT 2022)

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Analysis on the Development of Financial Technology and Its Impact on Commercial Banks in the Era of Big Data

Authors
Chongyan Li1, Xianke Li1, *
1Guangzhou College of Applied Science and Technology, Zhucun Street, Guangzhou, China
*Corresponding author. Email: lixianke1987@163.com
Corresponding Author
Xianke Li
Available Online 10 November 2022.
DOI
10.2991/978-94-6463-005-3_49How to use a DOI?
Keywords
Financial technology; commercial banks; big data; artificial intelligence
Abstract

Financial technology is a new technology that uses a series of technological innovations such as big data, cloud computing, artificial intelligence and blockchain to empower the financial industry, improve operating efficiency and reduce operating costs. As the foundation of financial technology, big data, combined with other emerging technologies, is widely used in six financial fields, including payment and clearing, loan financing, wealth management, retail banking, insurance and transaction settlement. Fintech has probably gone through three stages of integration, and finally derived four core parts: big data finance, artificial intelligence finance, blockchain finance and quantitative finance. This paper studies the impact of financial technology on commercial banks by using the methods of literature retrieval, data comparison and case analysis.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 3rd International Conference on E-commerce and Internet Technology (ECIT 2022)
Series
Atlantis Highlights in Engineering
Publication Date
10 November 2022
ISBN
10.2991/978-94-6463-005-3_49
ISSN
2589-4943
DOI
10.2991/978-94-6463-005-3_49How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Chongyan Li
AU  - Xianke Li
PY  - 2022
DA  - 2022/11/10
TI  - Analysis on the Development of Financial Technology and Its Impact on Commercial Banks in the Era of Big Data
BT  - Proceedings of the 2022 3rd International Conference on E-commerce and Internet Technology (ECIT 2022)
PB  - Atlantis Press
SP  - 496
EP  - 504
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-005-3_49
DO  - 10.2991/978-94-6463-005-3_49
ID  - Li2022
ER  -