Research On The Influence Of Financial Technology On The Intermediate Business Of State-owned Commercial Banks

With China's economy entering a new normal,the state-owned commercial banks are attached to the golden age of macro-economic growth to end.With the rapid development of Internet finance,the increasing of the financial media effect and the white-hot competition,the profit margin of state-owned commercial banks is narrowing,and the traditional profit model based on the deposit and loan spreads cannot continue to support the growth of profits,forcing the state-owned commercial banks increased the intermediary business innovation,marketing and assessment efforts,hoping to create a new profit growth engine,the pursuit of maximum profit.In recent years,faced with fierce competition and severe challenges,state-owned commercial banks,through the transformation of consciousness,strengthening assessment,speeding up innovation,while seeking to enlarge the traditional intermediary business and actively strive to expand the new intermediary business income,to promote the intermediary business to achieve a significant development.In recent years,with the rapid development of global science and technology,especially the application of large data,cloud computing,artificial intelligence,block chain and so on,it accelerates the combination of technology and finance,and the financial technology has influence on all aspects of the business of state-owned commercial banks,which has a significant impact on the intermediary business.With the rapid development of science and technology and the continuous development and progress of financial technology,national policies have further strengthened the support for financial technology and gradually established regulatory mechanisms.The internet finance,represented by Wechat,Alipay and Lu Jinshuo,has broken the traditional financial order,the rise of Wechat,Alipay and P2P,and has preempted the large amount of settlement business share of state-owned commercial banks,and has also grabbed a large amount of financial and agency business market share.Large data and cloud computing are widely used in the research and innovation of commercial bank products and provide accurate data support for customer marketing.Artificial intelligence technology has made a great breakthrough,and in the domestic banking business has been preliminary test water.Block chain technology security,traceability characteristics,so that it becomes the global government,science and technology companies and financial institutions of the hot research,which may have a huge impact on the bank's traditional payment and settlement,performance guarantee functions,but also caused a high degree of concern of the regulatory authorities.Many internet enterprises by means of financial technology to achieve the traditional financial institutions cannot achieve or lack of interest in business development,because of its operating costs,the customer cost is very low,and the provision of products and services with low cost,high efficiency,intelligence,user-friendly,through the long tail effect of rapid accumulation of a wide range of customers.More importantly,financial technology is gradually changing the long-term financial habits of the residents,the state-owned commercial banks in the development of intermediary business has caused a huge impact.At the same time,state-owned commercial banks are also increasing the research and application of financial technology to improve business processes,research and development of innovative products,and achieve accurate marketing,thus realizing the transformation of business.Whether the impact of financial technology has a subversive effect on the intermediary business of state-owned commercial banks,facing the new situation,how state-owned commercial banks to deal with the external challenges,improve the competitiveness of intermediary business and enhance the overall profitability of banks has become an important issue in the face of state-owned commercial banks.This paper first analyzes the definition and development of financial technology,then studies the development of intermediary business of state-owned commercial banks and analyzes the existing problems,then studies the influence of financial technology on the intermediary business of state-owned commercial banks.Finally,combined with the theory and practice of the state-owned commercial banks intermediary business development suggestions.