The Challenges and Coping of Internet Financial

摘要

Internet financial is a new financial model combining the Internet and finance. With the Internet and big data technology, the Internet companies can reduce the cost of financial transactions, changing information asymmetries, and expanding the geography and time of financial transactions. The article will focus on banking, analyzing the impact of the Internet financial on traditional finance and the advantages and disadvantages of Internet companies and financial institutions respectively, and build the three modes of the commercial banks to deal with Internet financial challenges.