What impact will Internet finance have on banks?

the impact of internet finance on banks: \xd\ (1) Seize the market share of commercial banks \ xd \ xd \ Faced with the rapid attack of internet finance, the direct result of the banking industry represented by commercial banks is the reduction of market share. Internet finance has impacted banks in terms of payment methods, platforms and cross-border finance, and banks may basically be unable to withstand the attacks of Internet companies and be robbed of market share. At the same time, Internet finance may eat away 2% of the market share of banks. It can be well understood that the development process of new things will inevitably lead to the reduction and concession of old things. Internet finance itself has the advantages of information processing, high efficiency, and no traditional intermediary, which squeezes out the intermediate costs, while commercial banks obviously do not have this advantage in credit, so the reduction of market share becomes inevitable. \xd\\xd\ (II) Weakening the intermediary function of commercial banks \xd\\xd\ Under the Internet financial mode, Internet companies provide financial search platforms for both capital suppliers and customers, so that both capital suppliers and customers can use the search platform to independently find transaction objects and complete transactions, which replaces the traditional bank payment business, resulting in the gradual weakening of the fund intermediary function of traditional banks in financial business transactions. In the future, the role of commercial banks in the credit field will gradually weaken until they are banned. \xd\\xd\ (3) Forcing commercial banks to innovate financially \xd\\xd\ After so many years of development, commercial banks have fixed their business operation modes and scope, but the appearance of internet finance is impacting the traditional development mode of commercial banks. Li Lihui, former vice president of China Bank, believes that the innovation of Internet financial products, services and mechanisms will force commercial banks to make changes. Ma Yun also said that banks will not change, but we will change banks. If commercial banks do not develop innovation and adapt to this new era, then there will be more financial innovations like internet finance, which will force commercial banks to carry out reforms. Otherwise, commercial banks, the "master" of traditional financial institutions, are likely to be "punched to death".