Impact of fintech on commercial banks

HIGHLIGHTS

  • What: The development of fintech has a positive impact on commercial banks.
  • Who: Lujin Wang from the street, China have published the Article: Impact of FinTech on Commercial Banks, in the : Proceedings of the 2nd International Conference on Management Research and Economic Development

SUMMARY

    In 2016 the Financial Stability Board (FSB) defined the concept of fintech for the first time: fintech, which refers to financial innovation that relies on technology, is new products and services, new technological applications, and new business models that bring about changes in financial products and services . . .

     

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