How to cope with the challenges of internet-based finance: New finance mode of commercial bank in China

摘要

The Internet-based finance is a new model of finance featuring the combination of the Internet and finance. With the help of the Internet and big data technology, Internet companies can reduce the cost in financial transactions, alleviate information asymmetry, and extend the scope and duration of financial transactions. This paper deals with the impact of Internet-based finance on traditional financing, especially the banking industry, and by analyzing their respective advantages and disadvantages, proposes three business models for the banking industry in response to the challenges from the Internet-based financing