Digital Finance and Commercial Bank Transformation and Development
December 11, 2020 08:45 Source: "China Social Sciences" December 11, 2020 Issue 2067 Author: Nanjing University Business School Pei Ping

Almost all resource allocation and social transactions of contemporary society are inseparable from financial communication。Finance is the core of the national economy,Digital Finance is also the core of the digital economy,The development of the digital economy is inseparable from the support of digital finance。bet365 live casino games Digital Finance is accelerating the transformation and development of commercial banks,Make commercial banks better serve the real economy,Especially serving the digital economy。In the era of digital economy,The key production element of economic development is data。The essence of digital finance is finance,Serving finance with technology。Digital Finance empower the financial industry with advanced technology,constantly drive financial innovation,Then provide users with higher efficiency、Cost lower、Experience better financial services。Bet365 app download Digital Finance challenges the traditional business model of commercial banks,Specific performance in: deposit、Loans and intermediate businesses have been impacted,Traditional profit model is impacted,The original financial products and services are impacted,Traditional competition pattern is impacted。Digital Finance Promote the innovation and reshaping of commercial banks,Commercial banks must transfer to the data -based world,Bet365 lotto review Incorporate digital finance into the development strategy of commercial banks。For example,Incorporate digital finance into the development strategy of commercial banks、Create a digital financial platform、Digital transformation of physical outlets、Strengthen customer segmentation and precision marketing、Pay attention to the development and pricing of financial products、Improve the customer experience and loyalty、Strengthen the full process risk control、Deep cultivation of "Changwei Market"、Technical risk of preventing digital finance、Pay attention to property rights and privacy protection、Accelerate bet365 Play online games the construction of digital financial talent teams。

 

Editor in charge: Changchang
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