How to understand the traditional financial internetization?

The internetization of traditional financial services means the convenience of using the Internet and the expansion and extension of traditional financial services. From offline development to online development, the two are combined with each other.

Emerging financial business relying on the development of the Internet. Among them, we are familiar with online micro-loans, virtual currency, internet funds and insurance sales platforms.

Specific introduction

Due to the progress of Internet technology and economic development, China's economy has become electronic to the financial industry, and informatization is accompanied by the development of emerging technologies such as cloud computing and big data. Get more development opportunities. From the form of the market, it can be reflected in the online business of insurance, banks, brokers and some microfinance companies.

Changing the traditional financial services from offline to online through the Internet has successfully got rid of the time and space constraints of the traditional financial industry. The transaction cost and time cost are greatly reduced, and the service quality is also greatly improved.