Analysis Of The Effect Of Financial Technology Empowering Inclusive Finance In Commercial Banks

The imbalance in the allocation of financial resources is a significant issue in the development of China’s financial industry.In order to improve the level of financial services in China and enable more people to enjoy the fruits of financial development,the country has given great attention to inclusive finance and introduced a series of policies to support the development of inclusive finance.At the same time,emerging financial technologies have provided strong technical support for the development of inclusive finance.In recent years,commercial banks have gradually begun to use financial technology to optimize inclusive financial services and customer experience,and have achieved significant results.In order to better study the effects of commercial bank fintech on inclusive finance,this article selects CITIC Bank as the case study object to study its measures and achievements in empowering the development of inclusive finance through fintech.Firstly,the research background and methods of this article were elaborated,and literature on fintech and inclusive finance at home and abroad was reviewed to summarize the current development status of commercial banks in China in inclusive finance.Secondly,an overall introduction was given to the case,elaborating on the development overview of CITIC Bank,the development strategy of inclusive financial services and fintech,and introducing the measures taken by CITIC Bank’s fintech to empower inclusive financial development.Then,the direct and indirect effects of CITIC Bank’ s use of financial technology to empower inclusive finance were analyzed.Based on this,the entropy weighted TOPSIS method is used to measure the effectiveness of CITIC Bank in comprehensive operational performance,and this method is compared with the inclusive financial development performance of other banks.Based on the above case analysis,potential shortcomings were identified,and the inspiration of China CITIC Bank’s financial technology empowering inclusive finance was summarized,providing corresponding countermeasures and suggestions for regulatory agencies and other commercial banks.By analyzing the application cases of China CITIC Bank’s financial technology empowering inclusive finance,it is found that the application of financial technology has played an important role in expanding the scope of inclusive financial services,reducing service costs,improving service efficiency,and improving bank operational performance.In order to promote the high-quality development of inclusive finance in China,it is necessary to fully leverage and utilize the empowering advantages of financial technology,so that it can play a positive role in promoting the development of inclusive finance.