Commercial banks have developed from traditional business to financial department stores. How to understand this phenomenon?

With the intensification of financial competition, financial innovation has become the key and source of power for the development of commercial banks. This is not only manifested in the fact that the traditional business market of banks is divided up, and new markets and development opportunities need to be tapped through innovation, but also in the competition and redistribution of traditional business markets.

Commercial banks use new science and technology, learn from the advanced experience of foreign commercial banks, innovate in technology, system and management mode, and expand the development space of banks in an all-round way. The business expansion of commercial banks can disperse operational risks and reduce the total risk; Multi-channel profit; Provide all-round financial services for the society; Conforming to the operational requirements of financial markets lies in unity.

Extended data

In the future, commercial banks will be more real-time "mobile banks". In the era of mobile Internet, people have fully realized the efficiency and quickness brought by point-to-point value exchange almost anytime and anywhere. Judging from the current situation in China, commercial banks rely on third-party payment and mobile payment, which greatly improves their immediacy.

But in the future, the immediacy and liquidity of commercial banks need to be further improved. Blockchain technology can replace the old batch processing background system of traditional commercial banks with real-time distributed general ledger system, and realize almost free and instant value exchange in the true sense. Such a * * * exclusive and instant "mobile bank" will cross the barrier of physical time and space, without so-called boundary constraints and restrictions, and provide customers with the required financial services anytime and anywhere.