How to Deal with the Impact of Internet Finance on Traditional Industries

The traditional banking industry is really in a difficult situation at present. Except for the elderly, many people no longer go to the bank counter to handle business. In recent years, almost all the wealth management products that are still in full swing have been impacted by Internet finance. Faced with the impact of Internet finance, the banking industry also needs constant innovation, and only innovation can occupy the market.

1. The advantage of traditional banks lies in risk control, which is the disadvantage of internet finance. Banks can cooperate with the mutual fund industry. The advantages of internet finance are low threshold, convenient operation, transparency and high efficiency, and the two can be combined with each other.

2. Banking business should also be gradually internetized. At present, the bank is slowly advancing, and the future business hall is in your palm.

3. Constantly develop new products to attract users. In addition to the deposit and loan business, we should also develop other wealth management businesses. Banks have many stock users. We can analyze these users and use their big data to analyze the risk preferences of different users, so as to develop products suitable for users.

4. The biggest function of banks is to provide financing and support the real economy, which is incomparable to internet finance, and should be done stronger and deeper in this respect.