Financial Cadre Online Banking Knowledge Reader

Author: Liu Yanhuan
Publisher:
Publish Date: 2003-04-01
Features: Developing online banking is a new competitive battleground in international banking. Modern network technology further breaks down the geographical boundaries and industry limits of economic and financial activities, accelerating the globalization and internationalization process of the economy and finance, and providing banks with a brand-new business platform. Developing online banking is a good opportunity to transform the traditional, relatively inefficient management methods of China's banking industry, enhance overall competitiveness, speed up the internationalization process, and achieve leapfrog development in the banking sector. The emergence and development of online banking have driven the reengineering of banking business processes, optimized operational processes, reduced transaction costs, and to some extent changed the information asymmetry among all parties involved in financial activities, providing more effective support and greater development space for the development of the internet economy. However, the virtualization of banking business has further transformed the traditional role of banking institutions, making financial risks more complex and prone to spread, breaking through the traditional business models, value concepts, and management methods of the banking industry.