Reaserch On The Influence Of Information Technology For Commercial Banks Financial Innovation

In recent years,Influenced by the international financial innovation and the background of “new normal” in China's economy.The competition pattern and operating environment of China's banking has undergone profound changes.But with the rapid development of economic globalization and more relaxed financial controls,The banking of our country is facing the dual pressures from domestic economy marketization and integration into the international operation system.The level of financial innovation in China's commercial banks is relatively low.For commercial banks,financial innovation can not only guard against financial risks,improve financial efficiency,but also can enhance the core competitiveness of the bank,becoming a push to achieve business transformation.The impact of information technology on financial innovation has been the focus of research.Many scholars pay more attention to the theory of financial innovation and motivation.The study extracts the representative scholars and research content after systematic collating existing research literatures.Then,the author reveals the current situation of the development of information technology investment and financial innovation in China's commercial banks,and explores the impact of information technology on the financial innovation of China's commercial banks from various angles.This study uses panel data model to construct the model of information technology to the innovation of commercial bank,and making up the deficiency of the existing theories on how information technology function in the financial innovation of commercial banks.Conclusion: it has a positive impact on the overall financial innovation of the banking industry,but the nature and extent of the impact of financial innovation on the two kinds of banks are different.Finally,combined with the current situation of the development of China's commercial bank our country commercial bank should strengthen strategic planning and management,the construction of science and technology team,optimize the existing risk management model,improve the level of the supervision countermeasures and suggestions.