The Impact and Influence of Internet Finance on the Banking Industry

Abstract

In recent years, with the rapid development of Internet finance, Internet technology has become increasingly mature and popular with the general public. The Internet is subtly changing our lives and economic activities as well as people's thinking habits. With the continuous development of the wave of financial innovation, the traditional financial industry is facing huge crises and challenges. Whether the banking industry of traditional financial institutions can meet the challenges from Internet finance and whether the banking industry can rely on Internet finance to innovate and improve its own business not only determines the future of the banking industry but also relates to the healthy development of financial industry in the future.