As the main type of traditional financial institutions, how to design their overall management ideas?

Establish/replicate financial technology capabilities.

For most traditional financial institutions, it is very difficult and time-consuming to replace their core systems, but they can find another way, use the latest programming tools and technologies, create independent products on the periphery of the core system, and then integrate with the core system, thus realizing business innovation functions. One of the most successful examples is the traditional wealth management companies, which imitate financial technology companies to launch robot investment products.

Technical liabilities accumulated all the year round are obviously not the only reason that hinders the innovation of traditional financial institutions. These traditional enterprises are usually very bureaucratic and pay attention to avoiding risks, which will also hinder technological innovation and make it difficult to attract and retain top technical talents. In addition, in the past 10 years, in order to meet the new regulatory compliance requirements, banks have spent a lot of money to update existing systems and processes. As can be seen from the above, in order to keep up with the rapid development of technology, banks are facing huge obstacles.