互联网金融外文文献翻译 2.pdf

1、外文出处：De Bonis R,Silvestrini A.Internet finance and its influence on traditional banking J.Applied Financial Economics,2016,3(5):409-425.原文Internet finance and its influence on traditional banking De Bonis R,Silvestrini AAbstr actsWith the rapid development of information technology,Internet financia

2、l model gradually rise.This paper summarizes the Internet financial model on the basis of the concept,features and functions of Internet financial model in strategy,customer channels,financing,pricing and financial disintermediation of the impact of the traditional commercial bank.This paper argues

3、that Internet financial model in the short term will not stand in the way of commercial banks traditional business model and profit,but in the long term commercial Banks should use of the Internet financial model,in order to obtain the new development.At the same time,the sustained and healthy devel

4、opment of the Internet industry to rely on Internet financial enterprise self-discipline,positive innovation,but also attract more customers,strengthen the construction of system security.Key wor ds:Financial innovation;Internet financial;Financial disintermediationAt present,mobile payment,online b

5、anking,mobile banking and financial business in Chinas booming financial innovations such as cloud,thus formed a new kind of financial model-the Internet finance.Big data era and brand creation,spread to the development of financial institutions is both a challenge and opportunity.Along with the dev

6、elopment of the Internet financial,emerging Internet traditional financial companies and financial institutions will be a fierce competition,the future may even change the traditional financial management mode and operation pattern.The Inter net financial concepts,features and functions The concept

7、of the Inter net financial.After years of development,Internet companies stay in business does not providetechnical support to financial institutions and service level,the data accumulated through the depth of mining information,to expand our business to the financial sector,build financial models a

8、nd Internet become the emerging field of combining information technology and capital.Internet financial model is different from indirect financing of commercial bank,it is also different from direct financing capital markets third financial financing model.From the perspective of the financing mode

9、 of Internet financial mode in essence is a kind of direct financing mode.But compared with the traditional mode of direct financing,Internet financing model has a large amount of information,lower transaction costs,high efficiency,etc.Adopt appropriate the Internet finance is a kind of financial mo

10、del in the information age.The author believes that the Internet finance is based on modern information technology in financial activities,with functions of financing,payment and transaction intermediary.The char acter istics of the Inter net financial.Availability of financial resources.Financial e

11、xclusion is defined as:people in the financial system lack a condition in which the share of financial services,including the social vulnerable groups in the lack of ways or methods is close to financial institutions,as well as in the use of financial products or financial services exist difficultie

12、s and obstacles.The current management mode,the traditional commercial Banks unable to efficiently deal with small companies,and part of the individual customers business requirements,lead to the financial exclusion of certain customers.Internet financial mode,the customer can break through the geog

13、raphical restrictions,on the Internet looking for financial resources,alleviate the financial exclusion,enhance the level of social welfare.Trading the relative information.The traditional financing mode,the financial institutions to obtain investment enterprises,especially small micro enterprise in

14、formation cost is higher,income and cost does not match.Internet financial generation and dissemination of information through social network,any enterprise and individual information will contact with other subjects.Both parties to collect information via the Internet,can be more comprehensive unde

15、rstanding of a business or personal financial and credit situation,reduce the information asymmetry.Whenloan default object,Internet financial enterprises through public default and reducing rating information,increase the cost of default.The allocation of resources to mediation.The traditional fina

16、ncing mode,the money supply and demand both sides information often dont match.Capital demanders cant get the money in time to support at the same time,capital suppliers also cant find good investment projects.Internet financial mode,the money supply and demand both sides no longer need the intermed

17、iary institutions such as Banks or exchange set,can be done through the network platform to information screening,matching,pricing and trading,disintermediation effect is obvious.The Inter net financial function.The platform function Financial enterprises establish the platform of network financial

18、via the Internet,customers can choose the suitable financial products,just move your fingers,which can carry out payment,loan,investment,financial activities,such as convenient and quick,from running errands,and waiting for customer.The allocation of resources(i.e.,financing)function.Internet financ

19、ial is essentially a way of direct financing.Internet financial mode,we can easily check counterparty transaction records;To find the right risk management tools and risk diversification;In-depth analysis the data by information technology,comprehensive and in-depth master competitors information,im

20、prove the efficiency of resource allocation.As the Internet financial model,the concept of since the financial arises at the historic moment.3,payment function.Internet financial mode,between merchants and customers to pay by a third party to complete,convenient,efficient,lower cost.The third party

21、payment or will weaken the commercial bank,the status of the traditional payment platform.At present,the peoples bank of China for about 200 third-party payment companies issued payment business license.In 2012,our country third party online payment market size of 3.8 trillion.Information gathering

22、and processing.Traditional financial mode,the information resources dispersed,confused data is difficult to effectively handle the application.Internet financial mode,people use cloud computing principle,information asymmetry,the pyramid can be flattened,realize the standardization ofdata,structured

23、,increasing the service efficiency of the data.Second,the Internets influence on the traditional commercial banking financial mode to review the financial strategy,to adapt to the challenges of the Internet financial model.The emergence of the Internet financial model for small and medium-sized bank

24、 provides an opportunity to compete with the big Banks.If you can make good use of this model,the positive innovation,will catch up with the big Banks in some emerging business,the formation of competitiveness.Traditional banking may be because of the Internet financial model change in the competiti

25、ve landscape.Some Internet companies have not satisfy only do third-party online payment platform,but with the advantages of data accumulation and information mining,directly to the supply chain,small micro enterprise credit financing expansion,the future may impact the core of the traditional banki

26、ng business,rob Banks customer resources,alternative physical channels,overturning traditional bank management mode and profitable way.The development of banking customer a nd channelThe customer is the basis of commercial Banks and other financial institutions to the business.Internet financial mod

27、el for commercial Banks to expand the customer base.In 2012,the global Internet users up to 2012 people;Chinese Internet users is 565 million(2),the number of online shopping,193 million(3).Under the mode of Internet financial,commercial Banks can be combined with its own strategy,on the one hand,to

28、 attract new customers;On the other hand,increase customer adhesiveness,close business relationship with clients.Internet financial mode,the bank may change to traditional target audience and traditional physical network advantages weakening,the pursuit of diversification personalized service of sma

29、ll and medium-sized enterprises and individual customers more inclined to participate in a variety of financial transactions via the Internet.Commercial Banks will change traditional value creation and realization way,able to provide fast,low cost services of financial institutions to get market fav

30、or.Improve efficiency of resource allocation,effectively solve the small micro enterprise financing difficult problem.Internet financial companies with large data,cloud computing,and micro lending technology.These three technologies can make a comprehensive understanding of the Internet financial in

31、stitutions the business practices of small businesses and individual customers and credit rating,and establish a database and network credit system.In the credit review,investors will network trading and credit history as a reference and analysis indicators.Loan object such as a default,financial fi

32、rms still can use the Internet network platform to collect and publish information,increasing default cost,reduce the risk of investors,in the service of small and medium-sized enterprise financing,and personal loans has a unique advantage.Therefore,the Internet financial model can go beyond the tra

33、ditional financing way of resource allocation efficiency,significantly reduce transaction costs,strongly support the development of the real economy.The pr ice discover y function,and promote the mercer iza tion of interest r a te.Internet financial model can objectively reflect the market supply an

34、d demand both sides price preferences,commercial Banks and other financial institutions respond to interest rate marketization.Debit offer Internet financial as a trading platform,funds,credit on the basis of the liquidity preference choice,risk factors,such as loan object,the two sides bargaining t

35、o clinch a deal,trading market completely.With market-oriented interest rate,financial institutions cannot completely depend on the guidance of the central banks benchmark rate,should take the initiative to find benchmark interest rates in the market.The Internet mode,financial institutions,financia

36、l market interest rate movements can be done via the Internet,determine specific customer base interest rates.If can also in-depth study of data mining,can even form completely determined by the market rate index,so as to improve the loan pricing.To speed up financial disinter mediation.Traditional

37、Banks in the financial business,mainly ACTS as a financial intermediary function.Internet financial will accelerate financial disintermediation,make the funds of commercial Banks intermediary function marginalized.In the Internet financial mode,Internet companies to provide financial search platform

38、 forcapital supply and demand,as money information intermediary role.From the perspective of financing,capital supply and demand both sides using search platform for trading object,after the financing deal is done by both sides.From the perspective of the pay third-party payment platform,can provide

39、 customers with paying,automatic collecting and transfer the remittance and settlement and payment services,with the traditional bank payment form instead.Third,the Internet financial mode development trend and strategy of commercial Banks.Overall,the Internet financial institutions development spee

40、d is fast,but the volume is relatively small,short-term would not shake commercial banks traditional business model and profit way.Sustained and healthy development of the financial industry,the author thinks that,the Internet,need to pay attention to the following four points:first,the Internet fin

41、ancial enterprises should self-discipline,business development can not drill loophole legal and regulatory loopholes,should be to support the real economy as the starting point.Second,the Internet financial enterprises should actively innovation,and constantly graft function of financial services an

42、d information technology,explore new business areas,complementary with the traditional financial business model.Again,the Internet financial enterprises to use its own resources,break the geographical boundaries,attract more customers,operating as making a fool of.Finally,the Internet financial ente

43、rprises should strengthen the construction of system security,to ensure the safety of capital,information of the trader.From the social environment,people should give the Internet financial enterprises more open and tolerant attitude.Under the premise of guarantee the financial stability and securit

44、y,relevant departments can consider to break through the geographical,trade restrictions,encourage financial industry competition,safeguard social financial ecological environment.Traditional model of commercial Banks in the Internet age still has advantages.Commercial Banks capital strength,cogniti

45、ve and high credit standing,perfect infrastructure,physical outlets are widely distributed,entity bank can establish the trust of the tangible.In addition to providing traditional commercial bank loan business,wealth depository and provide payment and settlement business media,alsofor the society to

46、 provide liquidity insurance,support normal economic activity.Some financial business needs professional experience judgment,information technology cannot completely replace the face the vigorous development of the Internet financial business,commercial Banks and other financial institutions should

47、pay close attention to the development of the Internet financial trends,changing the concept of development,actively adjust strategy.Commercial Banks to use the Internet financial mode,can deep integration of Internet technology and the banks core business,improve customer service quality,expand the

48、 service channels,improve the level of business,to adapt to the Internet financial model to the impact of the traditional financial pattern,obtain new development.Based on comparative advantage,in support,service the real economy At the same time,create value for shareholders.译文互联网金融以及它对传统银行业的影响 作者：

49、伯尼斯；席尔瓦尼摘要随着信息技术的快速发展，互联网金融模式逐渐兴起。本文在总结互联网金 融模式的概念、特征和功能的基础上，阐述了互联网金融模式在战略、客户渠道、融资、定价以及金融脱媒等方面对传统商业银行产生的影响。本文认为，互联网 金融模式短期内不会动摇商业银行传统的经营模式和盈利方式,但从长远来说 商业银行应大力利用互联网金融模式，以获得新的发展。与此同时,互联网金 融业的持续健康发展要依靠互联网金融企业的自律、积极创新，还要吸引更多的 客户、加强系统安全建设。关键词：金融创新；互联网金融；金融脱媒 当前，移动支付、网上银行、手机银行、云金融等金融创新业务在美国蓬勃发展，由此形成了一种新的金

50、融模式互联网金融。大数据时代给金融机构发 展和品牌创立、传播既带来挑战，也带来机遇。随着互联网金融的发展壮大，新 兴互联网金融公司和传统金融机构将展开激烈竞争，未来甚至可能改变传统金融业的经营模式和运行格局。互联网金融的概念、特征和功能 互联网金融的概念经过多年发展，互联网企业的业务没有停留在向金融机构提供技术支持和服 务层面，通过深度挖掘积累下来的数据信息，将业务拓展至金融领域，构建出互 联网金融模式并成为信息技术与金融资本相结合的新兴领域。互联网金融模式是 既不同于商业银行间接融资、也不同于资本市场直接融资的第三种金融融资模 式。从融资模式角度看，互联网金融模式本质上是一种直接融资模式。但