互联网金融外文文献翻译 2

外文出处：DeBonisR, Silvestrini A. Internet finance and its influence ontraditional banking [J]. Applied FinancialEconomics, 2016,3(5):409-425.

原文

Internetfinanceanditsinfluenceontraditionalbanking De

BonisR, SilvestriniA

A b stracts

With the rapid development of information technology, Internet financialmodel graduallyrise.ThispapersummarizestheInternetfinancialmodelonthebasisofth e concept, features and functions of Internet financial model in strategy,customer channels,financing, pricingand financial disintermediation of the impact of the tra di ti o nal c om mercial bank. T his paper a r g ue s t hat Inte rne t financ i al m ode l in the short term will not stand in the way of commercial bank's traditional business modelandprofit,butinthelongtermcommercialBanksshoulduseoftheInternetfinancial model,

in order to obtain the new development. At the same time, the sustainedandhealthy development of the Internet industry to rely on Internet financialenterprises e lf-di s c i pli ne,posit i ve i nnovat i on,but a lsoattrac t m orec us t ome rs,strengt he nt h e construction ofsystemsecurity.

Key words: Financial innovation; Internet financial; Financialdisintermediation

At p r e s ent, m obi le payment, online ba nking, m obil e ba nki ng and financ i al businessinChina'sbooming financialinnovationssuchascloud,thusformedanew kind of financial model -- the Internet finance. Big data era and brand creation,spread tothedevelopmentoffinancialinstitutionsisbothachallengeandopportunity.Alo ng with the development of the Internet financial, emerging Internet traditionalfinancialcompanies and financial institutions will be a fierce competition, the future mayeven change thetraditional financial management mode and operationpattern. The Inter net financial concepts, features andfunctions The

concept of the Inter net financial.

After years of development, Internet companies stay in business does not provide

technicalsupporttofinancialinstitutionsandservicelevel,thedataaccumulated through the depth of mining information, to expand our business to thefinancial sector,buildfinancialmodelsandInternetbecometheemergingfieldofcombining inf orm a ti on technol o g ya ndca pi ta l.I nt e rne tfina n ci a lmodelisdiffer e ntfromindirectfinancing of commercial bank, it is also different from directfinancing capital market'sthirdfinancialfinancingmodel.Fromthe perspectiveofthe financingmode of Internet financial mode in essence is a kind of direct financing mode. Butcompared withthetraditionalmodeofdirectfinancing,Internetfinancingmodelhas

alarge am ount ofinforma t ion,l ow e r transa c tioncost s,hig he ffic i en c y,et c.Adoptappropria t eth e Internet finance is a kind of financial model in the information age. Theauthor believesthattheInternetfinanceisbasedonmoderninformationtechnologyin financia l activities, with functions of financing, payment and transactionintermediary.Thecharacteristicsofthe Internetfinancial.

Availabili t y of f i nancia l resources. Financia l exclusi on is defined as: people i nthefinancialsystemlackaconditioninwhichthe share of financial services,includingthesocialvulnerablegroupsinthelackofwaysormethodsisclose

to financialinstitutions,aswellasintheuseoffinancialproductsorfinancialservicesexist difficulties and obstacles. The current management mode,thetraditionalcom m ercia l Banks un able t o effi ci ent ly deal with small comp ani es, and part ofth eindividual customer's business requirements, lead to the financial exclusion of certaincustomers .Internet financial mode, the customer can break through the geographical restrictions, on the Internet looking for financial resources, alleviate thefinancialexclusion, enhance the level of socialwelfare.

Trading the relative information. The traditional financing mode, thefinancial institutionstoobtaininvestmententerprises,especiallysmallmicroenterprise inform ation cost is higher, income and cost does not match. Internetfinancial generationanddisseminationofinformation throughsocial network, any enterpriseandindividualinformationwillcontactwithothersubjects.Bothpartiestocollect inform ation via the Internet, can be more comprehensive understanding of a businessor personal financial and credit situation, reduce the information asymmetry. When