Influence of Fintech on Bank Outlets

Abstract

In recent years, the rapid development of financial technology in China not only promotes the development of traditional Chinese banks, but also has a great impact on traditional banks to a certain extent. As the smallest service unit of commercial banks, grass-roots outlets bear the brunt of this wave of new technology. Commercial banks have realized the importance and urgency of outlet transformation one after another, and explored outlet transformation as an important cornerstone of commercial bank transformation. Financial technology not only brings new vitality to commercial banks, but also has an unprecedented impact on them. In this regard, commercial banks must actively adapt to the changes in customer needs and the new needs of the development of financial technology. Under the new situation, we should use financial technology to innovate business processes and delivery methods, innovate the business forms of outlets, promote the transformation of outlets into marketing centers, build a mobile payment ecosystem, and develop derivative services. Therefore, this paper analyzes the development status of China's financial technology and bank outlets, the impact of financial technology on China's commercial banks, and on this basis, analyzes the countermeasures that commercial banks should take when facing the challenges of financial technology.