Analysis of the Impact of Internet Finance on Banking Industry Development

Wang Ping; Zhang Wenjian; Liu Jiao

doi:doi:10.11648/j.ijfbr.20170304.11

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Analysis of the Impact of Internet Finance on Banking Industry Development

Wang Ping, Zhang Wenjian, Liu Jiao

Published in International Journal of Finance and Banking Research (Volume 3, Issue 4)

Received: 19 August 2017 Accepted: 31 August 2017 Published: 22 September 2017

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Abstract

With the development of Internet information technology, such as mobile payment, cloud computing and large data, there is a new financial service model - Internet financial model. Analysis of the development of Internet finance found that through the replication of financial functions, and the traditional banking industry to form a competitive situation, and the bank resource allocation, payment and settlement and risk management business impact. In the future development, commercial banks must use the Internet technology platform to promote the transformation in the field of management. In the competition with their own advantages to form a "complementary" integration, in order to promote the improvement of financial services efficiency. In this process, the government actively develop the Internet financial regulatory laws and regulations, improve the lack of supervision of Internet finance.

Published in	International Journal of Finance and Banking Research (Volume 3, Issue 4)
DOI	10.11648/j.ijfbr.20170304.11
Page(s)	53-56
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Internet Finance, Banking, Development Strategy

References

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[2]	Liu Chao, Liu Li. A Study of System Financial Theory: Comparison of Modern Financial Theory，Behavior Financial Theory and System Financial Theory [J]. South China Finance, 2011 (12): 9-18.
[3]	Tan Tianwen, Lu Nan. A Contrastive Analysis of Internet Financial Model and Traditional Financial [J]. China Market, 2013 (46): 101-103. [4].
[4]	Xie Ping, Zou Chuanhu. On the Internet-based Finance Model [J]. New Finance Review, 2012(1): 11-22.
[5]	Wang Mincheng. An Analysis of the Impact of Internet Finance on Traditional Finance [J]. China Journal of Commerce, 2014(25): 137-138.
[6]	Li Jia. The Impact and Fusion of Internet Finance to Traditional Banking Industry—Discussion Based on the view of Function [J]. Journal of Yunnan University of Finance and Economics, 2015(1): 125-130.
[7]	Wang Jing. Competition and Reform: the Impact of the Internet Banking on the Traditional Banking Industry [J]. China Business and Market, 2014, 28 (5): 122-126.
[8]	Liang Zhang, Shen Fan. How Does the State - owned Commercial Bank Respond to the Challenge of the Internet Financial Model [J]. New Finance, 2013 (7): 47-51.
[9]	Xie Ping. The Reality and Future of Internet Finance [J]. New Finance, 2014(4): 4-8.
[10]	Xu Yuan. Mobile Internet Finance - Carrier's next Gold Mine [J]. China Telecommunications Trade, 2014(4): 36-37.

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APA Style

Wang Ping, Zhang Wenjian, Liu Jiao. (2017). Analysis of the Impact of Internet Finance on Banking Industry Development. International Journal of Finance and Banking Research, 3(4), 53-56. https://doi.org/10.11648/j.ijfbr.20170304.11

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ACS Style

Wang Ping; Zhang Wenjian; Liu Jiao. Analysis of the Impact of Internet Finance on Banking Industry Development. Int. J. Finance Bank. Res. 2017, 3(4), 53-56. doi: 10.11648/j.ijfbr.20170304.11

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AMA Style

Wang Ping, Zhang Wenjian, Liu Jiao. Analysis of the Impact of Internet Finance on Banking Industry Development. Int J Finance Bank Res. 2017;3(4):53-56. doi: 10.11648/j.ijfbr.20170304.11

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@article{10.11648/j.ijfbr.20170304.11,
  author = {Wang Ping and Zhang Wenjian and Liu Jiao},
  title = {Analysis of the Impact of Internet Finance on Banking Industry Development},
  journal = {International Journal of Finance and Banking Research},
  volume = {3},
  number = {4},
  pages = {53-56},
  doi = {10.11648/j.ijfbr.20170304.11},
  url = {https://doi.org/10.11648/j.ijfbr.20170304.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20170304.11},
  abstract = {With the development of Internet information technology, such as mobile payment, cloud computing and large data, there is a new financial service model - Internet financial model. Analysis of the development of Internet finance found that through the replication of financial functions, and the traditional banking industry to form a competitive situation, and the bank resource allocation, payment and settlement and risk management business impact. In the future development, commercial banks must use the Internet technology platform to promote the transformation in the field of management. In the competition with their own advantages to form a "complementary" integration, in order to promote the improvement of financial services efficiency. In this process, the government actively develop the Internet financial regulatory laws and regulations, improve the lack of supervision of Internet finance.},
 year = {2017}
}

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TY  - JOUR
T1  - Analysis of the Impact of Internet Finance on Banking Industry Development
AU  - Wang Ping
AU  - Zhang Wenjian
AU  - Liu Jiao
Y1  - 2017/09/22
PY  - 2017
N1  - https://doi.org/10.11648/j.ijfbr.20170304.11
DO  - 10.11648/j.ijfbr.20170304.11
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 53
EP  - 56
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20170304.11
AB  - With the development of Internet information technology, such as mobile payment, cloud computing and large data, there is a new financial service model - Internet financial model. Analysis of the development of Internet finance found that through the replication of financial functions, and the traditional banking industry to form a competitive situation, and the bank resource allocation, payment and settlement and risk management business impact. In the future development, commercial banks must use the Internet technology platform to promote the transformation in the field of management. In the competition with their own advantages to form a "complementary" integration, in order to promote the improvement of financial services efficiency. In this process, the government actively develop the Internet financial regulatory laws and regulations, improve the lack of supervision of Internet finance.
VL  - 3
IS  - 4
ER  -

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Author Information

Wang Ping

School of Management, Xi’an University of Science and Technology, Xi’an, China
Zhang Wenjian

School of Management, Xi’an University of Science and Technology, Xi’an, China
Liu Jiao

School of Management, Xi’an University of Science and Technology, Xi’an, China

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APA Style

Wang Ping, Zhang Wenjian, Liu Jiao. (2017). Analysis of the Impact of Internet Finance on Banking Industry Development. International Journal of Finance and Banking Research, 3(4), 53-56. https://doi.org/10.11648/j.ijfbr.20170304.11

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ACS Style

Wang Ping; Zhang Wenjian; Liu Jiao. Analysis of the Impact of Internet Finance on Banking Industry Development. Int. J. Finance Bank. Res. 2017, 3(4), 53-56. doi: 10.11648/j.ijfbr.20170304.11

Copy | Download

AMA Style

Wang Ping, Zhang Wenjian, Liu Jiao. Analysis of the Impact of Internet Finance on Banking Industry Development. Int J Finance Bank Res. 2017;3(4):53-56. doi: 10.11648/j.ijfbr.20170304.11

Copy | Download

@article{10.11648/j.ijfbr.20170304.11,
  author = {Wang Ping and Zhang Wenjian and Liu Jiao},
  title = {Analysis of the Impact of Internet Finance on Banking Industry Development},
  journal = {International Journal of Finance and Banking Research},
  volume = {3},
  number = {4},
  pages = {53-56},
  doi = {10.11648/j.ijfbr.20170304.11},
  url = {https://doi.org/10.11648/j.ijfbr.20170304.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20170304.11},
  abstract = {With the development of Internet information technology, such as mobile payment, cloud computing and large data, there is a new financial service model - Internet financial model. Analysis of the development of Internet finance found that through the replication of financial functions, and the traditional banking industry to form a competitive situation, and the bank resource allocation, payment and settlement and risk management business impact. In the future development, commercial banks must use the Internet technology platform to promote the transformation in the field of management. In the competition with their own advantages to form a "complementary" integration, in order to promote the improvement of financial services efficiency. In this process, the government actively develop the Internet financial regulatory laws and regulations, improve the lack of supervision of Internet finance.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Analysis of the Impact of Internet Finance on Banking Industry Development
AU  - Wang Ping
AU  - Zhang Wenjian
AU  - Liu Jiao
Y1  - 2017/09/22
PY  - 2017
N1  - https://doi.org/10.11648/j.ijfbr.20170304.11
DO  - 10.11648/j.ijfbr.20170304.11
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 53
EP  - 56
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20170304.11
AB  - With the development of Internet information technology, such as mobile payment, cloud computing and large data, there is a new financial service model - Internet financial model. Analysis of the development of Internet finance found that through the replication of financial functions, and the traditional banking industry to form a competitive situation, and the bank resource allocation, payment and settlement and risk management business impact. In the future development, commercial banks must use the Internet technology platform to promote the transformation in the field of management. In the competition with their own advantages to form a "complementary" integration, in order to promote the improvement of financial services efficiency. In this process, the government actively develop the Internet financial regulatory laws and regulations, improve the lack of supervision of Internet finance.
VL  - 3
IS  - 4
ER  -

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