Impacts Of Internet Finance On Traditional Commercial Bank

The internet finance is an emerging commercial mode and profit making in financial industry and is changing the value creation mode and realization mode of current banks. The informational sci-tech innovation marked by internet technology, mobile communication and automation and intelligence is characteristic of high integration, large-scale application and rapid development; in addition, the emerging technology including social network, mobile internet, big data and cloud computerizing changes or oveturns the traditional commercial modes; third-party payment and nonbanking institutions including electronic business operators accelerate to expand into traditional finance service such as payment and settlement, credit intermediary. The operational mode of the traditional commercial bank faces the threats from modern commercial mode with characteristics of internet information technology. The new competition urges the commercial bank to reexamine own advantages and disadvantages by a scientific and objective attitude, carefully assess and cope with the impacts of technical reform of internet finance, positively change traditional operation idea and mode, optimize business process, rebuild organization structure and recreate value network.This paper selects the impacts of internet finance on commercial bank as a research object, states the development history of internet finance, its development trend and important role in global economy; next, this paper describes and researches the impacts of internet finance on commercial bank and analyzes the current development condition of Chinese internet finance and finds its problems; then, this paper emphasizes to analyze the impacts of internet finance on commercial bank and how the commercial bank to cope with it; and finally, this paper compares the supervision modes and measures of foreign supervision institutions and combines Chinese condition to propose series of feasible opinions and suggestions, which includes operation idea change, operation strategy adjustment, business channel expansion, business process innovation, risk control. This paper aims to make the internet finance serve the economic society well and provide good references for promoting good development of finance, especially for banks.