The Influence of Internet Finance on Traditional Finance

Internet finance has lowered the financial access threshold to a certain extent, and used various big data, risk models and scenarios to describe customers in various portraits. But even in the face of such objective data, I dare not say that I have a complete understanding of customers and lack the most basic trust. Moreover, in view of the fact that Internet finance has just started, supervision is not in place, the difficulty of supervision is greatly increased, and the rules are not perfect. Therefore, at present, internet finance is more of a traffic model, that is, there are many users but the amount of funds is not large, while traditional finance is different. Traditional finance belongs to a few users, but the amount of funds for a single user is huge.

However, the development of internet finance has also changed some limitations of traditional finance and made up for some shortcomings. For example, breaking through the limitations of time and space. The financial business under the traditional mode needs to go to the online store of the bank and complete the account opening process through various complicated account opening processes. Internet can easily participate in financial business through mobile phone or computer. Internet financial service personnel can handle everything online.

After all, at present, it seems that the customers of Internet finance and traditional financial services are staggered, and there is not much impact. Even internet finance can promote the development of traditional finance.