Research On Supply Chain Financial Reengineering Of Commercial Banks Under The Background Of Fintech

Small and medium-sized enterprises are often faced with problems such as very difficulty in financing and high cost of financing.Related financial affairs such as financial schemes,laws and regulations are also often out of reality and difficult to support accurately.In response to this series of problems,the effective way was innovation and promoting the development and innovation of the financial industry.Now many financial institutions have also been pursuing and exploring new supply chain financial products that rely on the current trade background.Recently,China has entered the new normal economy and is vigorously carrying on supply-side reforms.Supply chain financial reform and innovation has now been paid attention to at the national level.Its market demand scale reached 20 trillion yuan in2019,with a growth rate of 26%.As the mainstay and the most basic element of the national financial system,the related commercial banks are the backbone of the financial innovation reform wave,and have made significant contributions to supporting the development of the real economy and promoting the rapid reform and innovation of supply chain finance.However,with the rise of the Internet accelerated speed,under the background of current interest rate liberalization and the increasing trend of business origins,traditional institutional supply chain financial businesses are facing huge challenges,and they are also ushering in new opportunities.This article is based on the relevant theoretical research on domestic and foreign financial technology and supply chain finance,as well as investigating the financial technology products of existing commercial banks.Based on the supervision system,information silos,platform defects,risk prevention and control,etc.The current situation and shortcomings,relying on the unique advantages of financial technology 3.0 in information collection,cost saving,and perfect credit reporting,have promoted the development and growth of supply chain finance.This article focuses on the positive role of financial technology in the supply chain finance of commercial banks.Based on case analysis,the in-depth analysis of the financial needs of the entire industry supply chain in the automotive industry,because the application of financial technology has made the financial needs of enterprises in the automotive industry chain are more and more widely,the use of the Internet of Things,block chain,5G,cloud computing,artificial intelligence and big data,etc.,makes the industry operate more smoothly.By combining case analysis and data,this paper puts forward the idea that fintech can solve the shortcomings of traditional financing methods of commercial bank supply chain finance,and proposes optimized solutions,revealing that fintech has great potential for innovation and development.This article may be innovative in the following content: the rapid development of financial technology and the application of supply chain finance are new attempts to transform traditional supply chain finance.With the further development of financial technology,new technical tools and models will emerge.While constantly exploring the fintech supply chain finance models and methods,it will combine some of the latest technologies at home and abroad,and the existing characteristic products of commercial banks to propose some innovative methods with industry characteristics.Relying on the qualifications of core enterprises,as a risk bearer,it is necessary to establish a risk evaluation system,combining four streams into one,to reduce the possibility of its own losses.These methods may bring new ideas and enlightenment to commercial banks in the process of exploration,to play the role of fintech as a catalyst in supply chain finance,to make it play a greater value,and further create a new ecology.