The difference between Suning O2O bank and traditional bank

The differences between Suning O2O Bank and traditional banks (commercial banks) are as follows:

(1) Substantially different:

Suning Bank pays more attention to the online layout, focuses on the user experience as the core, and takes the application of big data as the basis to accurately meet the needs of small and medium-sized micro-enterprises and individual users, and realizes all-round and customized financial services. Commercial banks are financial institutions that undertake credit intermediation through deposits, loans, remittances, savings and other businesses. The business is mainly focused on operating deposit and loan business.

(2) the development of different histories:

People recognized the early germ of the bank, originated in Italy during the Renaissance. The word "bank" in English called "Bank", is evolved from the Italian "Banca". The original form of modern commercial banks is the capitalist commercial bank, which is a product of the capitalist mode of production. Suning O2O bank is a model creatively proposed by Suning.

(3) Different operation modes:

O2O, which is the abbreviation of OnlineToOffline i.e. online offline/online to offline, refers to combining offline business opportunities with the Internet and letting the Internet become a platform for offline transactions. Suning Bank pays more attention to the advantages of offline channels, combining the resources of shareholders' offline stores and wealth centers to create physical financial experience centers, bringing users online and offline full-scene financial service experience.

Traditional banks mainly focus on the offline, to carry out the absorption of public deposits, the issuance of loans; for domestic and foreign settlements, bill discounting, the issuance of financial bonds; agent issuance, payment, underwriting government bonds, trading government bonds; engaged in interbank lending; buying and selling, agent trading of foreign exchange; to provide letter of credit services and guarantees; agent collection and payment and agency insurance business, and so on.

Baidu Encyclopedia-Commercial Banks

Baidu Encyclopedia-O2O