Research On The Impact Of Internet Finance On Bank Intermediary Business Income

Driven by Internet technology,Internet finance has developed rapidly in recent years.Internet finance and third-party payment are typical Internet finance businesses.Services such as Internet banking and third-party payments can allocate resources and help achieve HP financial goals.However,with the development of Internet finance,the status of commercial banks has been affected in the traditional financial industry,and the intermediary business income has also been greatly affected.The impact of the Internet finance on the income of intermediary business in commercial banks and how impact it has caused,how commercial banks can improve their competitiveness under the new situation is the topic in this paper.The paper reviews the relevant theories and domestic and foreign literature,summarizes and analyzes the intermediate business of Internet finance and commercial banks.Subsequently,the paper selects two representative products of Internet finance and third-party payment with relatively mature development and relatively complete system,and analyzes how to influence the income of intermediary business in commercial banks in detail from the perspectives of squeeze business and customer diversion.On this basis,this paper selects the data from 16 listed banks for 13 quarters,and the panel data with cross-section and time series empirical regression analyzes how Internet finance development affects the income of bank intermediary business.The study found that Internet finance services such as Internet banking and third-party payment have a certain negative impact on the intermediary business of the bank.It not only squeezes the bank wealth management customers,but also diverts its customers,resulting in the continuously decreased bank intermediary business income.The impact of Internet finance has a certain adverse impact on the intermediary business of commercial banks,but it also promotes the business innovation,which is conducive to improving the intermediary business of the bank.Banks need to continuously improve their capabilities,adopt diversified measures to actively respond,make full use of their own brand and risk management and control advantages,and actively cooperate with Internet finance to achieve a win-win situation.