The Impact of Financial Technology on the Banking Industry and the Countermeasures — Choose domestic banks as the main research object

Abstract

With the rapid development of financial technology, more and more Internet finance companies have entered our field of vision, shaking the absolute position of traditional commercial banks in the financial market. More and more banks realize that combining financial technology to transform their business methods is an important strategy for the banking industry to maintain rapid development. This article will summarize the two-way impact of the current financial technology level on banking business, and select 16 listed banks as samples to confirm the impact of financial technology level on bank profitability. Then analyzes the degree of influence of financial technology on listed banks of different scales in groups, and provides targeted strategic transformation suggestions for banks of different scales.