What impacts and changes have Internet finance brought to the traditional financial industry?

Secondly, the online loan model represented by Ali Small Loan has surfaced and gradually matured, and the small and micro enterprises on its platform are convenient and fast, which threatens the traditional small and micro loan business of banks. Thirdly, the P2P credit model realizes the direct matching of small deposits and loans, and becomes the embryonic form of the future Internet direct financing model, effectively filling the gap of bank credit and forming a brand-new "online direct financing market", which has a broad future development space. Generally speaking, although internet finance is still in the early stage of development, it is difficult to compare with banks in scale. However, in the long run, with the development of the Internet, mass consumption patterns and modern financial concepts, traditional business areas such as bank payment and small deposits and loans will face unprecedented challenges.