Challenges and Countermeasures for Payment and Settlement Services of Commercial Banks in the Context of Internet Finance

DOI

10.2991/aebmr.k.210218.002How to use a DOI?

Keywords

Internet, Payment and Settlement, Commercial Banks, Financial Risk

Abstract

The internet has developed at a surprisingly fast pace over the years, many conventional businesses cannot render the services as currently expected by people, or keep up with the pace at which the internet develops. Given this situation, commercial banks take the initiative to keep pace with internet development and roll on some innovative internet-enabled services. In this paper, a SWOT analysis is performed on payment and settlement of commercial banks in the context of internet finance, then some challenges and causes of commercial banks are revealed, including the challenges in respect of management, technology and third-party payment, and some appropriate measures are suggested as a response to the impact of internet finance on payment and settlement of commercial banks, such as the efforts to build a well-fit regulatory system, provide more guarantees for online information security, and solicit more talents with internet expertise.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wenfeng Xiao
PY  - 2021
DA  - 2021/02/19
TI  - Challenges and Countermeasures for Payment and Settlement Services of Commercial Banks in the Context of Internet Finance
BT  - Proceedings of the 5th Asia-Pacific Conference on Economic Research and Management Innovation (ERMI 2021)
PB  - Atlantis Press
SP  - 8
EP  - 12
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210218.002
DO  - 10.2991/aebmr.k.210218.002
ID  - Xiao2021
ER  -