Challenges and Countermeasures for Payment and Settlement Services of Commercial Banks in the Context of Internet Finance
- 10.2991/aebmr.k.210218.002How to use a DOI?
- Internet, Payment and Settlement, Commercial Banks, Financial Risk
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.
- © 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/).
Cite this article
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 -