Development trend and inspiration of digital transformation of commercial banks under the rise of digital economy

Baoshan Liu; Jiayin Nong

doi:10.54691/bcpbm.v29i.2202

Authors

Baoshan Liu
Jiayin Nong

DOI:

https://doi.org/10.54691/bcpbm.v29i.2202

Keywords:

Digital transformation, Commercial banks, Financial services

Abstract

The acceleration of digital transformation of commercial banks is an inevitable trend in response to the development of the digital economy, and an important means to integrate into the overall development of the digital economy, deepen financial supply-side reform and cultivate new value growth points in business. Especially under the influence of the new crown epidemic, the traditional economic model has been impacted, which objectively provides opportunities for the development of digital economy. Commercial banks should deeply explore the trend of digital transformation and grasp the relevant opportunities and challenges in order to achieve long-term development in the era of rising digital economy.

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