Commercial Bank Innovation And Risk Management Under The Impact Of Internet Finance

As an innovation in China's economic and financial field,Internet finance has become a real threat to commercial Banks,which makes them feel frightened.Faced with this challenge,commercial Banks must take the initiative to integrate into the wave of Internet + finance,accelerate the process of strategic transformation,improve risk management and control ability,and enhance their ability of sustainable development.At present,the development of electronic banking business of commercial Banks,especially the development of mobile banking and online banking,has met a bottleneck.The product homogenization is serious,and it cannot break through in the current economic environment.In recent years,with the rapid development of electronic commerce in our country,based on the Internet related businesses accumulated vast amounts of user data,gradually mastered the user's needs and preferences,and to provide financial services paid by the original simple to transfer remittance,microfinance,cash management,asset management,supply chain finance,distributing funds and insurance products,such as the traditional business of commercial Banks,to subvert the traditional commercial bank competition pattern,and has a huge impact on it.This paper USES case analysis method to study and analyze the impact of China's commercial Banks in the era of Internet finance,and at the same time to find opportunities and challenges,to find a suitable path for the development of commercial Banks themselves.Faced with the impact of the Internet era,China's commercial Banks have carried out active innovation and exploration from both traditional and modern financial businesses.Under the situation that payment and settlement are almost completely occupied by Internet finance,commercial Banks have carried out a series of reforms and innovations.On the basis of mastering a large number of traditional customers,the mobile banking and online banking business has been extensively expanded.The establishment of small and medium-sized enterprises Internet financing platform,so that the development of traditional credit business;We will give full play to the advantages of traditional social credibility and improve service quality management.At the same time,improve the level of information management,formulate big data financial strategy,constantly update technical support,and use modern technology and information to develop financial business.Taking the bank of Hangzhou as an example,this paper analyzes the business innovation and management of commercial Banks under the impact of Internet finance,hoping to provide some enlightenment and reference for the operation and management of modern commercial Banks.Innovation and risk go hand in hand.In the process of continuous innovation and development from commercial Banks,risks always follow.Business risk,market risk,credit risk,compliance risk,operational risk,etc.Faced with new challenges,commercial Banks constantly summarize experience and strengthen risk management.Finally,this paper puts forward some relevant countermeasures and Suggestions for risk management.And from the supervision level,proposed the effective solution.