Financial technology has a relatively large impact on commercial banks.

1. Pros: The times continue to advance, the pace of social life continues to accelerate, and competition in many industries is increasing. Commercial banks can no longer rely entirely on traditional methods to conduct business, and the intervention of financial technology has made In the competitive market environment, commercial banks have achieved new growth in business development. Financial technology coupled with the widespread use of the Internet has increased the types of business of commercial banks. Therefore, the application of financial technology can continuously enhance the competitiveness of commercial banks.

2. Disadvantages: The impact of financial technology on the asset side and liability side of commercial banks. On the asset side, the most important and traditional asset business of commercial banks is the loan business.

Some experts believe that the traditional loan business of commercial banks will be the first to be impacted by Internet finance. Commercial banks are burdened with a large amount of regulatory costs and fixed costs, while Internet finance can complete customer credit assessment and credit extension at a lower cost, and provide customers with more cost-effective consumer financial services. This will undoubtedly compress and crowd out business. bank profit margins. Secondly, the "disintermediation" pressure faced by commercial banks on their liability side has further increased, and some deposits have left commercial banks and transferred to money market funds.

1. The impact and challenges of financial technology on my country’s commercial banks. First of all, intermediary businesses such as physical payment and settlement have been impacted by online payments (including third-party payment and mobile payment). At the same time, the traditional asset business of commercial banks has The liability business is not immune. Various impacts have accelerated the trend of financial disintermediation and disintermediation. In addition, financial technology has also affected the customer base and market competition of commercial banks. Based on this, the future development of commercial banks needs to be deeply integrated with financial technology to create a "new type of bank" with professionalism, immediacy and inclusiveness, that is, an intelligent and mobile value and information integrator.

2. The impact and challenges of financial technology on my country’s commercial banks

The impact of financial technology on the intermediary business of commercial banks. Payment settlement has always been one of the most basic and traditional intermediary businesses of commercial banks. According to the theory of information asymmetry, commercial banks, as financial intermediaries, help alleviate information asymmetry to a certain extent. This information advantage and the resulting monopoly position enable commercial banks to form a long-term, unique position in the field of payment and settlement. exclusive advantages. Fintech, represented by third-party payment and mobile payment, has shaken this advantage of commercial banks. Compared with the services provided by banks, third-party payment and mobile payment have greatly reduced costs and are supported by cloud computing. Technologies such as this can efficiently store and calculate customer data information, thereby more effectively alleviating information asymmetry, and can truly realize payment and settlement anytime, anywhere and in any way, making it more convenient and efficient.