Current situation of financial electronization in China

Compared with western countries, China's financial electronization started late, but it has made rapid progress in the construction of financial electronization, and the financial communication network and financial business processing have undergone fundamental changes. The electronic financial system has played an important role in strengthening financial macro-control, preventing and resolving financial risks, speeding up capital turnover, reducing operating costs, improving the quality of financial services and promoting the rapid, healthy and stable development of China's national economy and finance.

China's financial electronization can be roughly divided into four stages: the first stage is 1970- 1980, and the bank's savings, corporate banking and other businesses are changed from manual operation to computer processing.

In the second stage, from the 1980s to the mid-1990s, the networking of banking business was gradually completed.

The third stage, from the mid-1990s to the end of 1990s, is to realize the nationwide networking and interconnection of bank computer processing.

In the fourth stage, from 2000, we began to take business as the center, use Internet technology and environment, accelerate financial innovation, and gradually develop online financial services, including online banking, online payment, mobile banking and so on.

The business processing of bank outlets all over the country has been computerized and networked. According to incomplete statistics, the national financial industry has more than 700 large and medium-sized computers, more than 6,000 minicomputers, more than 500,000 PCs and servers, and the coverage rate of electronic business outlets has reached over 95%. Since the reform and opening up, China's financial electronic construction has grown from scratch, from single business to comprehensive business, and has achieved certain results. It fundamentally changed the processing mode of traditional financial business, and established an electronic clearing system and a financial management system based on computers and the Internet. However, there are still many problems in the process of implementing electronic construction in domestic financial enterprises, mainly in the following five aspects:

First, financial electronization lacks strategic planning.

Because China's computer hardware platform and software depend on foreign countries, the models, system platforms, computer interfaces and data standards of banks are not uniform at present, and many banks have their own systems and application systems for repeated development, which is quite different. The system is not unified, which leads to high manpower and material resources investment and high maintenance cost. Moreover, many running systems are independent of each other, so it is difficult to complete dynamic interaction and information sharing between systems, system integration and standardization.

Second, the construction of the national payment and settlement system faces many difficulties.

In the construction of financial electronization, it is difficult to solve the interconnection problem between financial enterprises. For example, it seems that it takes a long way to achieve interconnection between many domestic bank cards. Because the Unicom of bank cards means that small banks can share the resources of big banks, big banks are definitely unwilling. Therefore, the interconnection of financial enterprises must find the balance of interests under the market-driven mechanism.

Third, the development of service products and the application of management information lag behind the construction of information infrastructure and the rapid development of business.

At present, the computer application system of domestic financial enterprises mainly deals with counter and accounting business, which is difficult to meet the demand of personalized financial value-added services. At the same time, there is a lack of collection, storage, mining, analysis and utilization of a large number of management information, customer information and industry information. The application level of information technology in the field of financial enterprise management is low, and the management and control of many business fields are still in the semi-electronic stage.

Fourth, the construction of online financial enterprise certification center is slow.

At present, there are many customers of financial enterprises in China, all of whom are potential customers on the Internet. However, it is difficult for domestic financial enterprises to unify their opinions on the construction of certification centers, and the certification standards of online finance are not uniform. However, foreign financial enterprises are eyeing up. Once foreign capital enters, American standards and Japanese standards will become popular in China. Analysts believe that if the online certification Center does not solve the problem, online finance will not become a real online finance. Fifth, the level of financial information security construction still lags behind the electronic level to a great extent, and the problem of information security has become increasingly prominent:

First, the new network financial service has expanded the extension and scope of financial services, and its security is facing a new test;

Second, after centralized processing of financial data, technical risks are relatively concentrated, which puts forward higher requirements for safe operation;

Third, the demand for inter-departmental network interconnection, internal business network interconnection and internet interconnection has increased dramatically, and security control has become more complicated;

Fourthly, the development trend of introducing socialized third-party services has brought new security problems such as manageability and controllability;

Fifth, the new development of information technology itself has triggered new and more forms of security threats, requiring new and higher-intensity security protection measures. With the development of information technology centered on computer, communication and network technology, especially the rapid development of Internet technology, the information society described by American futurist toffler is becoming a reality.

With the further enhancement of computer hardware technology, software development capability and network security technology in China, the construction of national information expressway, and the continuous expansion of network bandwidth and scale, networks will be everywhere, and a digital China will be connected with the world. Financial business is highly networked, e-commerce and e-banking are very common, and online transactions are very frequent.

The payment and settlement system in China, with China's modern payment system as the core, will be improved, and the payment and settlement of funds will be unimpeded. Electronic money, truly one card in hand, travels all over China and all over the world. The prospect of financial electronization will be very bright, and China will enter the information age and financial electronization era together with other countries in the world.

Internet bank refers to a bank opened on the Internet by financial institutions using Internet network technology. This is a brand-new bank customer service channel, which enables customers to manage their assets safely and conveniently and enjoy banking services regardless of time and space constraints at home, in the office or on the road. It is a "virtual bank" counter on the Internet.

In the information age, every bank is forced to face the increasing amount of information. If these data can't be effectively managed and transformed into real decision support information, banks must effectively manage the existing information and use various new technologies and methods to process information, especially customer information, so as to further transform their business model into customer-oriented and meet market demand through personalized services, especially customized services.