Countermeasure Research On The Use Of Fintech By Commercial Banks To Improve Credit Risk Management

As we all know,risk management plays an important role in the operation of commercial banks,and excellent asset quality is the basis for ensuring the sustainable,healthy and stable development of commercial banks.As economic development enters the new normal,all kinds of hidden risks gradually appear.With the rapid update of financial products and services,commercial banks' credit business gradually exposing more and more risk,non-performing loan ratio continues to climb.The traditional credit risk management has been unable to adapt to the development needs of the new age,which is even faster,flexible and diverse.Now with the development and breakthrough of science and technology,the financial industry gradually transitioning to the intelligent financial era,which is under the help of Fintech.Fintech,includes big data,artificial intelligence,blockchain,cloud computing,and other emerging technologies,plays an important role in the innovation of financial products,promoting the efficiency and ability of financial services and reduce the cost of financial transactions.It is an indispensable driving force for financial innovation and promotes the transformation of commercial banks.New age,new missions,new tasks.Nowadays,credit risk management of commercial banks is becoming even more important and urgent,it is the general trend for commercial banks to use the advantages of Fintech to establish a risk management system which is contains such characteristics as "comprehensive,intelligent,accurate,initiatively and prospectively".Bank is a enterprise which manages risk.To some extent,the level of risk management determines their products' availability and inclusively.Fintech as the product of the development of the times brings new opportunities and challenges to commercial banks.S ohow to rationally use Fintech to improve commercial banks' credit risk management is the key to promote the further improvement of risk management system.From this point of view,this paper first gives the concept and theoretical basis of credit risk management and Fintech related of commercial banks.Secondly,basis on the current situation of credit risk management in commercial banks,this paper comprehensively analyses the existing problems,and also emphasize the necessity to improve credit risk management with Fintech.Thirdly,through the study of domestic and foreign related cases of the application of fintech to bank credit risk management,the paper discussed the positive and negative effects of fintech on bank credit risk management in depth.Finally,this article puts forward some reasonable countermeasures and suggestions on how to use fintech to improve commercial bank's credit risk management to discusse with everyone.