The Impacts of Internet Finance on Commercial Bank Business

Internet finance affects traditional commercial banks profoundly. This paper analyses the impacts of Internet finance on commercial banks from a business prospective. It is obtained as follows: In the matter of deposit business, third party payment and Internet wealth investment product reduce current deposits and enhance the capital costs of commercial banks; In the matter of credit operation, the Internet financing platform has few impacts on commercial banks, although it does resolve the financing problem of small and medium-sized enterprises to some extent. In general, Internet financing platform and traditional credit operations complement each other; In the matter of intermediate business, third party payment and Internet sales platform of wealth investment product reduce commission charges, and further affect the profits of commercial banks.