Impacts of Internet Finance on Traditional Commercial Banks and Countermeasures
- https://doi.org/10.2991/aebmr.k.210319.093How to use a DOI?
- Internet finance, tradition, commercial bank, impact, countermeasure
Boosted by information technology and big data technology, Internet finance is gaining momentum across China, drawing throngs of users. Internet finance provides financial services that have low requirements, diverse modes and high efficiency, bringing about large impacts to traditional commercial banks. Against this backdrop, commercial banks should analyze in depth the opportunities and challenges that new financial service modes bring to the traditional banking services to find their positions in amid the fierce competitions, improve their competitive force and move towards innovation.
- © 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 - Zibo Gao PY - 2021 DA - 2021/03/22 TI - Impacts of Internet Finance on Traditional Commercial Banks and Countermeasures BT - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021) PB - Atlantis Press SP - 509 EP - 512 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210319.093 DO - https://doi.org/10.2991/aebmr.k.210319.093 ID - Gao2021 ER -