Research on the Optimization and Development of Commercial Banks Based on Fintech Development

Yuqing Cai ()
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Yuqing Cai: Nanyang Technological University, Graduate School of Public Administration

A chapter in Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), 2024, pp 740-746 from Springer

Abstract: Abstract The power of science and technology has become an important core competitiveness of the financial industry, and while it brings high efficiency and quality to financial business, it also faces new risks and challenges. The financial industry should deal with the relationship between security and development, gather consensus and synergy, and promote fintech to move forward steadily, and truly make fintech serve the people and benefit the people. “Fintech is technology-driven financial innovation. The financial administration should further improve the relevant supporting rules, and financial institutions should formulate an all-round digital transformation strategy, promote the in-depth application of fintech and accelerate digital transformation. In the development of fintech, extra attention needs to be paid to fairness and balance. This paper is based on the development of financial technology on the development of commercial banks to carry out a new breakthrough research, combined with the study of the progress and development of financial technology, a better study of the optimization of the development of commercial banks rain the future direction of the bank, and make a new analysis and outlook on the development of the bank.

Keywords: Financial development; Technological innovation; Business progress; Financial technology (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-368-9_88

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