The Current Situation, Problems and Countermeasures of Financial Technology Application in Commercial Banks
Abstract
In recent years, with the rapid development of technologies such as big data, cloud computing, block-chain, and artificial intel_x005fligence, financial technology has penetrated into various sub sectors of the financial industry. The popularization advantage brought by
financial technology is conducive to reducing the capital investment in bank operations, effectively alleviating the problems of information
asymmetry faced by bank operations for a long time, thereby improving the ability and level of serving the real economy, and improving the
quality and efficiency of financial services. As the most crucial link in the financial industry, commercial banks are also accelerating their digital transformation with the development of financial technology, shaping new advantages in the development of financial technology.
financial technology is conducive to reducing the capital investment in bank operations, effectively alleviating the problems of information
asymmetry faced by bank operations for a long time, thereby improving the ability and level of serving the real economy, and improving the
quality and efficiency of financial services. As the most crucial link in the financial industry, commercial banks are also accelerating their digital transformation with the development of financial technology, shaping new advantages in the development of financial technology.
Keywords
Financial Technology; Commercial Bank; Digital Transformation
Full Text:
PDFReferences
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DOI: http://dx.doi.org/10.18686/fm.v8i6.11729
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