Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)

Impacts of Internet Finance on Traditional Commercial Banks and Countermeasures

Authors
Zibo Gao
Corresponding Author
Zibo Gao
Available Online 22 March 2021.
DOI
https://doi.org/10.2991/aebmr.k.210319.093How to use a DOI?
Keywords
Internet finance, tradition, commercial bank, impact, countermeasure
Abstract

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.

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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Volume Title
Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
22 March 2021
ISBN
978-94-6239-354-7
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.210319.093How to use a DOI?
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/).

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  -