How modern e commerce banks are impacting traditional banking

1) Seize the market share of commercial banks.

In the face of the rapid offensive trend of Internet finance, the direct result of the banking industry represented by commercial banks is the shrinking market share. Internet finance has an impact on banks in terms of payment methods, platforms and cross-border finance, and banks may basically not be able to withstand the attack of Internet companies and be robbed of market share. At the same time, internet finance could eat into 20% of banks' market share.

This can be well understood, 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, coupled with the absence of traditional intermediaries, squeezing out intermediate costs, while commercial banks obviously do not have this advantage in credit, and the reduction of market share has become inevitable.

2) Weakening the intermediary function of commercial banks.

Under the Internet finance model, Internet enterprises provide a financial search platform for both sides of capital supply and demand, provide customers with payment business, so that both sides of capital supply and demand can use the search platform to independently find transaction partners and complete transactions, which replaces the traditional bank payment business, resulting in the gradual weakening of the function of traditional banks as a capital intermediary in financial business transactions, that is to say, Internet finance will accelerate financial disintermediation and accelerate the marginalization of the capital intermediary function of commercial banks. In the future, the role of commercial banks in the field of credit will gradually weaken until they are banned.

3) Compelling commercial banks to innovate in finance.

After so many years of development, commercial banks have been fixed in terms of business operation mode and scope, but the emergence of Internet finance is impacting the traditional development model of commercial banks. Li Lihui, former deputy governor of the Bank of China, believes that the innovation of Internet financial products, services and mechanisms will force commercial banks to make changes. Jack Ma also said that banks do not change, we transform banks.

If commercial banks do not develop and innovate themselves and adapt to this new era, then there will be more financial innovations like Internet finance, forcing commercial banks to carry out reforms, otherwise, commercial banks, the "masters" of traditional financial institutions, are likely to be "beaten to death".

Mobile e-commerce led by banking financial institutions mainly starts from their own customer groups with their own channel advantages, and e-commerce enterprises mainly start from customer sources.

Driven by e-commerce, banks have made the following changes:1Developing a mobile banking app:

Banks are developing mobile banking apps to meet the banking needs of their customers on mobile devices. 2.Online banking services available:

Banks are offering online banking services to meet the needs of their customers for online banking. 3.Provision of payment services:

Banks are offering payment services to meet the payment needs of customers when shopping online. 4.Digital wallet services available:

Banks are offering digital wallet services to meet the payment needs of customers when shopping online. 5.Virtual credit card services available:

Banks are offering virtual credit card services to meet the payment needs of customers when shopping online. 6.Virtual bank account services available:

Banks are offering virtual bank account services to meet the payment needs of customers when shopping online. 7.Provision of smart payment services:

Banks are offering smart payment services to meet the payment needs of customers when shopping online.

What changes have banks made, driven by e-commerce?

Driven by e-commerce, banks have made the following changes:1Developing a mobile banking app:

Banks are developing mobile banking apps to meet the banking needs of their customers on mobile devices. 2.Online banking services available:

Banks are offering online banking services to meet the needs of their customers for online banking. 3.Provision of payment services:

Banks are offering payment services to meet the payment needs of customers when shopping online. 4.Digital wallet services available:

Banks are offering digital wallet services to meet the payment needs of customers when shopping online. 5.Virtual credit card services available:

Banks are offering virtual credit card services to meet the payment needs of customers when shopping online. 6.Virtual bank account services available:

Banks are offering virtual bank account services to meet the payment needs of customers when shopping online. 7.Provision of smart payment services:

Banks are offering smart payment services to meet the payment needs of customers when shopping online.

Extended information: E-commerce major is an undergraduate major approved by the Ministry of Education in 2000 for ordinary colleges and universities, which belongs to the e-commerce major. The e-commerce major can be divided into two basic directions.

Summary. The payment of funds in the electronic weekly service is an important part of the completion of the transaction, and the financial service can provide corresponding information support for the payment and settlement of e-commerce transactions, and play a role as a bridge connecting buyers and sellers. Among them, the electronic payment business provided by online banking is a key element in e-commerce transactions, providing a powerful tool for the smooth and convenient conduct of transactions.

Hello Kiss, I am happy to answer for you, the answer is: Hello Kiss, the development of online banking.

The payment of funds in the electronic weekly service is an important part of the completion of the transaction, and the financial service can provide corresponding information support for the payment and settlement of e-commerce transactions, and play a role as a bridge connecting buyers and sellers. Among them, the electronic payment business provided by online banking is a key element in e-commerce transactions, providing a powerful tool for the smooth and convenient conduct of transactions.

Difference Between Traditional Banking and Online Banking:

1. Differences in business service content:

In addition to traditional banking, e-banking also provides the following new services:

The information provision platform provides customers with financial market information such as interest rates, exchange rates, indices, etc.;

Investment and wealth management services, providing customers with comprehensive financial consulting and services, handling first, first, first, first trading, group wealth management, setting up a fund settlement network and other functions through electronic banking;

A platform for the promotion of banking financial products and customer interaction services. In addition to providing transaction services, online banking can also promote other financial product knowledge of the bank to customers, and also provide customers with interactive services through forums, emails, etc., where customers can make suggestions, discuss and even complain.

2. Differences in marketing methods:

E-banking can use the Internet to communicate with customers interactively, understand and analyze customer needs in a timely manner, and grasp market needs.

3. Differences in business management models:

The operation and management of traditional banks focuses on the unity and coordination of assets and liabilities, and increases profits on the premise of maintaining liquidity and security, while in e-banking, the customer scale replaces the importance of asset-liability matching, and only when the customer scale reaches a certain level and economies of scale are achieved, e-banking can obtain profits.

4. Differences in target customer groups:

E-banking can attract high-quality customers to banks.

E-banking refers to the off-the-counter financial services provided by banks to customers through communication channels or open public networks open to the public, as well as private networks established for specific self-service facilities or customers. It mainly includes online banking, ** banking, mobile banking, self-service banking and other off-the-counter services.

A bank is a financial institution established in accordance with the law to engage in monetary and credit business, and is a product of the development of the commodity and monetary economy to a certain stage.

Internet banking and e-commerce are closely related on the Internet, and Internet banking is inseparable from e-commerce, and e-commerce needs Internet banking, and the two are combined, mutually promoted, improved and developed together on the Internet.

E-commerce is inseparable from the flow of funds, and it is inseparable from the financial business and services of online banking. The expansion of online banking business and the transformation of service models are also inseparable from the support of e-commerce technology.

In any case, the payment and clearing system of funds is the core business system for completing and realizing e-commerce, and it is also an extremely important function of the e-commerce system. On the one hand, the development of e-commerce requires the opening banks of merchants and consumers to provide financial payment support, and effectively realize the electronic and network means of payment.

1. E-commerce is a synthesis of information flow, capital flow and logistics. Among them, one of the ways to flow funds is online banking.

2. Internet banking itself is a form of e-commerce, because online banking itself is also a way for traditional bank counter business to transform into e-commerce.

title for the development of e-commerce.

Strength: The advantage of banks is that they have far more users on hand than the average self-made e-commerce company. As long as the traffic is drained on the bank's official website, the traffic of e-commerce can be guaranteed.

Another advantage of the bank is that there is more money, and the advantage of more money is that it can carry out large-scale publicity on e-commerce, and it can also attract excellent technical and operational talents to ensure that the attracted customers have a good shopping experience.

Another advantage of bank e-commerce is that it can attract high-quality products to sell. The bank is down-to-earth enough for various relationship managers.

Before the bank e-commerce was launched, the head office shouted, and the branches reported that some well-qualified enterprises were not a problem to sell things on the platform.

As a final advantage, banks can take care of the payments themselves and can also provide merchants and consumers with additional financial services, such as credit card-based.

Installment consumer loans, **chain financial services or credit loans for small and medium-sized businesses.

Sell vehicle insurance to car buyers.

By providing additional financial services, banks, merchants, and consumers will become more and more closely related to each other, forming an ecosystem.

The more frequently merchants and consumers use the bank's financial services, the stronger the competitive advantage of the bank's e-commerce.

Weakness: There is a problem that cannot be avoided when banks build their own e-commerce platforms: how to ensure that the risks arising from the operation of e-commerce platforms, such as counterfeit and shoddy products and consumer disputes, will not damage the bank's own image?

This is the concern that many banks have been slow to operate innovative businesses such as e-commerce. Therefore, when choosing commodity categories, banks should choose products that are standardized, popular, and have a higher unit value as much as possible.

At the same time, because of the conservative style of the bank, the bank e-commerce must have the characteristics of conservative behavior, weak competition, and lack of wolf nature. This is determined by the genes of bank e-commerce, and it is difficult to change. Therefore, when bank e-commerce companies position themselves, they must not directly report to ** and Alibaba.

JD.com and others should be on par with each other, and should differentiate themselves from the competition, from the user's payment experience and the quality of financial services.

and other breakthroughs.

1. The customer is stable, there are many customers, and the amount of funds of the customer can be queried;

2. Customers urgently need products with stable income to resist inflation, so they can directly contact customers, rather than need to promote and wait like e-commerce;

3. The financial platform and third-party payment of the e-commerce background are themselves dependent banks, so the banks can operate directly, which has more advantages than e-commerce.

The advantage is that there is money.

The disadvantage is that there is no technology.