互联网金融外文文献翻译
互联网金融电子银行外文文献翻译2014年译文3050字大数据
互联网金融电子银行外文文献翻译2014年译文3050字大数据Finance's Impact on nal FinanceAbstract:As we enter the era of web 2.0.banks now have full access to the。
age。
The large amount of data available on the。
has a profound effect on the XXX。
XXX。
The。
has brought about a new era of financial development。
with the rapid growth of。
XXX。
this growth has also XXX。
talent resources。
and system XXX are just a few of the XXX finance。
The development of。
XXX。
With the rise of。
companies。
XXX of the financial industry。
The。
has created a new market for financial services。
and XXX。
This has led to XXX。
The。
has XXX With the large amount of data available on the。
banks can now use this data to better XXX services。
This has led to XXX。
However。
XXX XXX。
In n。
the growth of。
finance has led to XXX around the world are now paying closer n to the financial industry。
互联网金融视角下的电子货币与货币政策外文文献翻译2014年译文3500字
互联网金融视角下的电子货币与货币政策外文文献翻译2014年译文3500字Electronic currency has emerged as a new form of currency with the rise of electronic commerce。
It is ing increasingly popular as a means of payment and currency around the world。
However。
the development of electronic currency and its use has XXX and problems。
XXX.3 The development of electronic currencyThe development of electronic currency can be traced back to the 1970s。
with the XXX (EFTS)。
XXX。
it wasn't until the rise of the。
and electronic commerce in the 1990s that electronic currency truly began to take off。
The n of digital currencies。
such as Bitcoin。
has also contributed to the growth of electronic currency.4 The use of electronic currencyElectronic currency is being used in a variety of ways。
from online shopping to peer-to-XXX over nal currency。
includinglower n XXX。
互联网金融安全中英文对照外文翻译文献
互联网金融安全中英文对照外文翻译文献中英文对照外文翻译文献(文档含英文原文和中文翻译)Database Security in a Web Environment IntroductionDatabases have been common in government departments and commercial enterprises for many years. Today, databases in any organization are increasingly opened up to a multiplicity of suppliers, customers, partners and employees - an idea that would have been unheard of a few years ago. Numerous applications and their associated data are now accessed by a variety of users requiring different levels of access via manifold devices and channels – often simultaneously. For example:• Online banks allow customers to perform a variety of banking operations - via the Internet and over the telephone – whilst maintaining the privacy of account data.• E-Commerce merchants and their Service Providers must store customer, order and payment data on their merchant server - and keep it secure.• HR departments allow employees to update their personal information –whilst protecting certain management information from unauthorized access.• The medical profession must protect the confidentiality of patient data –whilst allowing essential access for treatment.• Online brokerages need to be able to provide large numbers of simultaneous users with up-to-date and accurate financial information.This complex landscape leads to many new demands upon system security. The global growth of complex web-based infrastructures is driving a need for security solutions that provide mechanisms to segregate environments; perform integrity checking and maintenance; enable strong authentication andnon-repudiation; and provide for confidentiality. In turn, this necessitates comprehensive business and technical risk assessment to identify the threats,vulnerabilities and impacts, and from this define a security policy. This leads to security definitions throughout the infrastructure - operating system, database management system, middleware and network.Financial, personal and medical information systems and some areas of government have strict requirements for security and privacy. Inappropriate disclosure of sensitive information to the wrong parties can have severe social, legal and regulatory consequences. Failure to address the basics can result in substantial direct and consequential financial losses - witness the fraud losses through the compromise of several million credit card numbers in merchants’ databases [Occf], plus associated damage to brand-image and loss of consumer confidence.This article discusses some of the main issues in database and web server security, and also considers important architecture and design issues.A Simple ModelAt the simplest level, a web server system consists of front-end software and back-end databases with interface software linking the two. Normally, the front-end software will consist of server software and the network server operating system, and the back-end database will be a relational orobject-oriented database fulfilling a variety of functions, including recording transactions, maintaining accounts and inventory. The interface software typically consists of Common Gateway Interface (CGI) scripts used to receive information from forms on web sites to perform online searches and to update the database.Depending on the infrastructure, middleware may be present; in addition, security management subsystems (with session and user databases) that address the web server’s and related applications’ requirements for authentication, accesscontrol and authorization may be present. Communications between this subsystem and either the web server, middleware or database are via application program interfaces (APIs)..This simple model is depicted in Figure 1.Security can be provided by the following components:• Web server.• Middleware.• Operating system.. Figure 1: A Simple Model.• Database and Database Management System.• Security management subsystem.The security of such a system addressesAspects of authenticity, integrity and confidentiality and is dependent on the security of the individual components and their interactions. Some of the most common vulnerabilities arise from poor configuration, inadequate change control procedures and poor administration. However, even if these areas are properlyaddressed, vulnerabilities still arise. The appropriate combination of people, technology and processes holds the key to providing the required physical and logical security. Attention should additionally be paid to the security aspects of planning, architecture, design and implementation.In the following sections, we consider some of the main security issues associated with databases, database management systems, operating systems and web servers, as well as important architecture and design issues. Our treatment seeks only to outline the main issues and the interested reader should refer to the references for a more detailed description.Database SecurityDatabase management systems normally run on top of an operating system and provide the security associated with a database. Typical operating system security features include memory and file protection, resource access control and user authentication. Memory protection prevents the memory of one program interfering with that of another and limits access and use of the objects employing techniques such as memory segmentation. The operating system also protects access to other objects (such as instructions, input and output devices, files and passwords) by checking access with reference to access control lists. Security mechanisms in common operating systems vary tremendously and, for those that are lacking, there exists special-purpose security software that can be integrated with the existing environment. However, this can be an expensive, time-consuming task and integration difficulties may also adversely impact application behaviors.Most database management systems consist of a number of modules - including database querying and database and file management - along with authorization, concurrent access and database description tables. Thesemanagement systems also use a variety of languages: a data definition language supports the logical definition of the database; developers use a data manipulation language; and a query language is used by non-specialist end-users.Database management systems have many of the same security requirements as operating systems, but there are significant differences since the former are particularly susceptible to the threat of improper disclosure, modification of information and also denial of service. Some of the most important security requirements for database management systems are: • Multi-Level Access Control.• Confidentiality.• Reliability.• Integrity.• Recovery.These requirements, along with security models, are considered in the following sections.Multi-Level Access ControlIn a multi-application and multi-user environment, administrators, auditors, developers, managers and users – collectively called subjects - need access to database objects, such as tables, fields or records. Access control restricts the operations available to a subject with respect to particular objects and is enforced by the database management system. Mandatory access controls require that each controlled object in the database must be labeled with a security level, whereas discretionary access controls may be applied at the choice of a subject.Access control in database management systems is more complicated than in operating systems since, in the latter, all objects are unrelated whereas in a database the converse is true. Databases are also required to make accessdecisions based on a finer degree of subject and object granularity. In multi-level systems, access control can be enforced by the use of views - filtered subsets of the database - containing the precise information that a subject is authorized to see.A general principle of access control is that a subject with high level security should not be able to write to a lower level object, and this poses a problem for database management systems that must read all database objects and write new objects. One solution to this problem is to use a trusted database management system.ConfidentialitySome databases will inevitably contain what is considered confidential data. For example, it could be inherently sensitive or its source may be sensitive, or it may belong to a sensitive table, thus making it difficult to determine what is actually confidential. Disclosure is also difficult to define, as it can be direct, indirect, involve the disclosure of bounds or even mere existence.An inference problem exists in database management systems whereby users can infer sensitive information from relatively insensitive queries. A trivial example is a request for information about the average salary of an employee and the number of employees turns out to be just one, thus revealing the employee’s salary. However, much more sophisticated statistical inference attacks can also be mounted. This highlights the fact that, although the data itself may be properly controlled, confidential information may still leak out.Controls can take several forms: not divulging sensitive information to unauthorized parties (which depends on the respective subject and object security levels), logging what each user knows or masking response data. The first control can be implemented fairly easily, the second quickly becomesunmanageable for a large number of users and the third leads to imprecise responses, and also exemplifies the trade-off between precision and security. Polyinstantiation refers to multiple instances of a data object existing in the database and it can provide a partial solution to the inference problem whereby different data values are supplied, depending on the security level, in response to the same query. However, this makes consistency management more difficult.Another issue that arises is when the security level of an aggregate amount is different to that of its elements (a problem commonly referred to as aggregation). This can be addressed by defining appropriate access control using views.Reliability, Integrity and RecoveryArguably, the most important requirements for databases are to ensure that the database presents consistent information to queries and can recover from any failures. An important aspect of consistency is that transactions execute atomically; that is, they either execute completely or not at all.Concurrency control addresses the problem of allowing simultaneous programs access to a shared database, while avoiding incorrect behavior or interference. It is normally addressed by a scheduler that uses locking techniques to ensure that the transactions are serial sable and independent. A common technique used in commercial products is two-phase locking (or variations thereof) in which the database management system controls when transactions obtain and release their locks according to whether or not transaction processing has been completed. In a first phase, the database management system collects the necessary data for the update: in a second phase, it updates the database. This means that the database can recover from incomplete transactions by repeatingeither of the appropriate phases. This technique can also be used in a distributed database system using a distributed scheduler arrangement.System failures can arise from the operating system and may result in corrupted storage. The main copy of the database is used for recovery from failures and communicates with a cached version that is used as the working version. In association with the logs, this allows the database to recover to a very specific point in the event of a system failure, either by removing the effects of incomplete transactions or applying the effects of completed transactions. Instead of having to recover the entire database after a failure, recovery can be made more efficient by the use of check pointing. It is used during normal operations to write additional updated information - such as logs, before-images of incomplete transactions, after-images of completed transactions - to the main database which reduces the amount of work needed for recovery. Recovery from failures in distributed systems is more complicated, since a single logical action is executed at different physical sites and the prospect of partial failure arises.Logical integrity, at field level and for the entire database, is addressed by the use of monitors to check important items such as input ranges, states and transitions. Error-correcting and error-detecting codes are also used.Security ModelsVarious security models exist that address different aspects of security in operating systems and database management systems. For example, theBell-LaPadula model defines security in terms of mandatory access control and addresses confidentiality only. The Bell LaPadula models, and other models including the Biba model for integrity, are described more fully in [Cast95] and [Pfle89]. These models are implementation-independent and provide a powerfulinsight into the properties of secure systems, lead to design policies and principles, and some form the basis for security evaluation criteria.Web Server SecurityWeb servers are now one of the most common interfaces between users and back-end databases, and as such, their security becomes increasingly important. Exploitation of vulnerabilities in the web server can lead to unforeseen attacks on middleware and backend databases, bypassing any controls that may be in place. In this section, we focus on common web server vulnerabilities and how the authentication requirements of web servers and databases are met.In general, a web server platform should not be shared with other applications and should be the only machine allowed to access the database. Using a firewall can provide additional security - either between the web server and users or between the web server and back-end database - and often the web server is placed on a de-militarized zone (DMZ) of a firewall. While firewalls can be used to block certain incoming connections, they must allow HTTP (and HTTPS) connections through to the web server, and so attacks can still be launched via the ports associated with these connections.VulnerabilitiesVulnerabilities appear on a weekly basis and, here, we prefer to focus on some general issues rather than specific attacks. Common web server vulnerabilities include:• No policy exists.• The default configuration is on.• Reusable passwords appear in clear.• Unnecessary ports available for network services are not disabled.• New security holes are not tracked. Even if they are, well-known vulnerabilities are not always fixed as the source code patches are not applied by system administrator and old programs are not re-compiled or removed.• Security tools are not used to scan the network for weaknesses and changes or to detect intrusions.• Faulty and buggy software - for example, buffer overflow and stack smashingAttacks• Automatic directory listings - this is of particular concern for the interface software directories.• Server root files are generally visible or accessible.• Lack of logs and bac kups.• File access is often not explicitly configured by the system administrator according to the security policy. This applies to configuration, client, administration and log files, administration programs, and CGI program sources and executables. CGI scripts allow dynamic web pages and make program development (in, for example, Perl) easy and rapid. However, their successful exploitation may allow execution of malicious programs, launching ofdenial-of-service attacks and, ultimately, privilege escalation on a server.Web Server and Database AuthenticationWhile user, browser and web server authentication are relatively well understood [Garf97], [Ghos98] and [Tree98], the introduction of additional components, such as databases and middleware, raise a number of authentication issues. There are a variety of options for authentication in a simple model (Figure 1). Firstly, both the web server and database management system can individually authenticate a user. This option requires the user to authenticatetwice which may be unacceptable in certain applications, although a singlesign-on device (which aims to manage authentication in a user-transparent way) may help. Secondly, a common approach is for the database to automatically grant user access based on web server authentication. However, this option should only be used for accessing publicly available information. Finally, the database may grant user access employing the web server authentication credentials as a basis for its own user authentication, using security management subsystems (Figure 1). We consider this last option in more detail.Web-based communications use the stateless HTTP protocol with the implication that state, and hence authentication, is not preserved when browsing successive web pages. Cookies, or files placed on user’s machine by a web server, were developed as a means of addressing this issue and are often used to provide authentication. However, after initial authentication, there is typically no re authentication per page in the same realm, only the use of unencrypted cookies (sometimes in association with IP addresses). This approach provides limited security as both cookies and IP addresses can be tampered with or spoofed.A stronger authentication method, commonly used by commercial implementations, uses digitally signed cookies. This allows additional systems, such as databases, to use digitally signed cookie data, including a session ID, as a basis for authentication. When a user has been authenticated by a web server (using a password, for example), a session ID is assigned and is stored in a security management subsystem database. When a user subsequently requests information from a database, the database receives a copy of the session ID, the security management subsystem checks this session ID against its local copy and, if authentication is successful, user access is granted to the database.The session ID is typically transmitted in the clear between the web server and database, but may be protected by SSL or even by physical security measures. The communications between the browser and web servers, and the web servers and security management subsystem (and its databases), are normally protected by SSL and use a web server security API that is used to digitally sign and verify browser cookies. The communications between the back-end databases and security management subsystem (and its databases) are also normally protected by SSL and use a database security API that verifies session Ids originating from the database and provides additional user authorization credentials. The web server security API is generally proprietary while, for the database security API, many vendors have adopted standards such as the Generic Security Services API (GSS-API) or CORBA [RFC2078] and [Corba].Architecture and DesignSecurity requirements for designing, building and implementing databases are important so that the systems, as part of the overall infrastructure, meet their requirements in actual operation. The various security models provide an important insight into the design requirements for databases and their management systems.Secure Database Management System ArchitecturesIn multi-level database management systems, a variety of architectures are possible: trusted subject, integrity locked, kernels and replicated. Trusted subject is used by most of the leading database management system vendors and can be integrated in existing products. Basically, the trusted subject architecture allows users to access a database via an un trusted front-end, a trusted database management system and trusted operating system. The operating systemprovides physical access to the database and the database management system provides multilevel object protection.The other architectures - integrity locked, kernels and replicated - all vary in detail, but they use a trusted front-end and an un trusted database management system. For details of these architectures and research prototypes, the reader is referred to [Cast95]. Different architectures are suited to different environments: for example, the trusted subject architecture is less integrated with the underlying operating system and is best suited when a trusted path can be assured between applications and the database management system.Secure Database Management System DesignAs discussed above, there are several fundamental differences between operating system and database management system design, including object granularity, multiple data types, data correlations and multi-level transactions. Other differences include the fact that database management systems include both physical and logical objects and that the database lifecycle is normally longer.These differences must be reflected in the design requirements which include:• Access, flow and infer ence controls.• Access granularity and modes.• Dynamic authorization.• Multi-level protection.• Polyinstantiation.• Auditing.• Performance.These requirements should be considered alongside basic information integrity principles, such as:• Well-formed transactions - to ensure that transactions are correct and consistent.• Continuity of operation - to ensure that data can be properly recovered, depending on the extent of a disaster.• Authorization and role management – to ensure that distinct roles are defined and users are authorized.• Authenticated users - to ensure that users are authenticated.• Least privilege - to ensure that users have the minimal privilege necessary to perform their tasks.• Separation of duties - to ensure that no single individual has access to critical data.• Delegation of authority - to ensure that the database management system policies are flexible enough to meet the organization’s requirements.Of course, some of these requirements and principles are not met by the database management system, but by the operating system and also by organizational and procedural measures.Database Design MethodologyVarious approaches to design exist, but most contain the same main stages. The principle aim of a design methodology is to provide a robust, verifiable design process and also to separate policies from how policies are actually implemented. An important requirement during any design process is that different design aspects can be merged and this equally applies to security.A preliminary analysis should be conducted that addresses the system risks, environment, existing products and performance. Requirements should then beanalyzed with respect to the results of a risk assessment. Security policies should be developed that include specification of granularity, privileges and authority.These policies and requirements form the input to the conceptual design that concentrates on subjects, objects and access modes without considering implementation details. Its purpose is to express information and process flows in a complete and consistent way.The logical design takes into account the operating system and database management system that will be used and which of the security requirements can be provided by which mechanisms. The physical design considers the actual physical realization of the logical design and, indeed, may result in a revision of the conceptual and logical phases due to physical constraints.Security AssuranceOnce a product has been developed, its security assurance can be assessed by a number of methods including formal verification, validation, penetration testing and certification. For example, if a database is to be certified as TCSEC Class B1, then it must implement the Bell-LaPadula mandatory access control model in which each controlled object in the database must be labeled with a security level.Most of these methods can be costly and lengthy to perform and are typically specific to particular hardware and software configurations. However, the international Common Criteria certification scheme provides the added benefit of a mutual recognition arrangement, thus avoiding the prospect of multiple certifications in different countries.ConclusionThis article has considered some of the security principles that are associated with databases and how these apply in a web based environment. Ithas also focused on important architecture and design principles. These principles have focused mainly on the prevention, assurance and recovery aspects, but other aspects, such as detection, are equally important in formulating a total information protection strategy. For example, host-based intrusion detection systems as well as a robust and tested set of business recovery procedures should be considered.Any fit-for-purpose, secure e-business infrastructure should address all the above aspects: prevention, assurance, detection and recovery. Certain industries are now starting to specify their own set of global, secure e-business requirements. International card payment associations have recently started to require minimum information security standards from electronic commerce merchants handling credit card data, to help manage fraud losses and associated impacts such as brand-image damage and loss of consumer confidence.网络环境下的数据库安全简介数据库在政府部门和商业机构得到普遍应用已经很多年了。
互联网金融作文英文范文
互联网金融作文英文范文The rise of internet finance has revolutionized the way we manage our money. With just a few clicks, we can now access a wide range of financial services, from online banking to peer-to-peer lending.Internet finance has made it easier for people to invest their money. Through online platforms, individuals can now invest in stocks, bonds, and other financial products without the need for a traditional broker.One of the key benefits of internet finance is the convenience it offers. With online banking and payment systems, we can now manage our finances from the comfort of our own homes, without the need to visit a physical bank branch.Internet finance has also opened up new opportunities for small businesses and entrepreneurs. Through crowdfunding and online lending platforms, individuals andbusinesses can now access the funding they need to start or grow their ventures.However, internet finance also comes with its own set of risks. With the rise of online scams and fraud, individuals need to be cautious when managing their finances online and ensure they are using reputable and secure platforms.Despite the risks, it's clear that internet finance is here to stay. As technology continues to advance, we can expect to see even more innovations in the world of online finance, making it easier and more accessible for people to manage their money.。
P2P金融模式互联网金融外文文献翻译最新译文
文献出处:Aronson J. The research of P2P model of financial [J] Value Creation in E-Business Management, 2016,12(5):85-95.原文The research of P2P model of financialAronson JAbstractThe development of the Internet financial, constantly create new financial model, P2P is one of the new financial model, the development of rapid direct threat to the commercial Banks in the financial world's dominance. In P2P explosive savage growth process, however, there are regulatory or incomplete system, risk control measures is not mature, P2P financial platform collapse would happen often, this leads to the development of P2P is in trouble Based on this, this paper introduces the P2P concepts and the reasons on the basis of the financial model, analyzes the difficulties faced by the current P2P financial model, and accordingly put forward the development of P2P financial model.Keywords: P2P financial mode; The theoretical analysis; Measures1 IntroductionThe wide application of Internet technology, when science and technology combined with financial, gives rise to some emerging Internet model, P2P has greatly reduced the transaction cost, satisfy the customer demand for financial, especially the working class and the small and medium-sized enterprise loan demand. But so far, due to the lack of innovation mode of financial supervision, to information asymmetry, imperfect credit system construction, and low security of adverse effect caused by funds, hindered the healthy and orderly development of P2P.For Internet financial can inject vigor, continuing for the financial sector to the real economy better service, we must strengthen the industry regulation, establish effective credit evaluation system and P2P platform to establish effective risk control system.So-called peer-to-peer (P2P), is the abbreviation of English Peer to Peer, meaning "person-to-person", refers to the directly by third-party Internet platform of money lending financing behavior, is a kind of direct financing behavior of individualto individual. It originated in Britain, and later to the United States, Germany and other countries, China introduced in 2007.In our country, its typical model is: the network credit companies provide a platform, by borrowing free bids, brokered transactions. Money lenders to obtain interest income with the risk; Money borrowed people due to repay the principal, the network credit charge intermediary company.Peer-to-peer (P2P) the causes of financial mode mainly lies in the fact that Internet technology rapidly Exhibition. With the development of Internet, the scope of its popularization in our country is more and more widely, new technology and new business forms appear constantly, and gradually extended to the financial sector, the financial and the Internet fusion degree in the process of deepening, the financial industry got the booming development, at the same time, also produced a P2P financial mode; Fill the shortcoming in traditional financial business function in our country at present. Let those be bank financial products and loan threshold shut out of the working class and the small and medium-sized enterprises can also have the opportunity to enjoy the financial services. Working class a large body of demand for money have great demand; Other small and medium-sized enterprises (SEM) in many places the arrested development, mainly due to small and medium-sized enterprises (smes) in bank loans difficult, loans due to the high cost. In order to promote the development of their own, small and medium-sized enterprises to seek other financing mode, which promote the generation of the P2P financial model.2 The status quo of P2P financial model2.1 P2P financial models lack of effective supervisionRelative to the early start of online banking, online securities and so on in the form of financial regulatory policy relatively incomplete, relatively mature management framework. But P2P financial mode in 2012 entered the blowout outbreak period. But the Internet financial regulatory agencies and related regulatory policy did not keep up with the pace of its rapid development, for the development of P2P is also hinder the role. Should be further follow relevant regulations to meet the constantly enrich and expand the urgent needs of the emerging financial forms. The lack of regulation for a long time, has been out of the grey zone and regulatory gap,there are low barriers to entry, lending money monitoring vacancy, credit evaluation system is not sound, and many other problems.The industry has been in a savage growth state, run, capital chain rupture and collapse phenomenon appeared frequently. ack of legal norms, unclear regulatory policy, business operation is not standard to causes such as the chaos of industry management.2.2 Domestic credit system construction is not perfectThe Internet in the financial, financial credit system is the basis of the healthy and standardizing development of the financial industry, the Internet. But the current construction of credit system is not perfect, personal credit record includes only with bank lending behavior and maintain within the Banks, other financial institutions can't call society.P2P network platform loan borrowers can only through an indirect way to verify information and the judgment through the subjective experience of auditors. Abroad in the implementation of a P2P financial model, the comparison of perfect personal credit system construction, when making loans, personal credit can achieve effective query, which leads the P2P financial mode constantly development and improvement. Internet financial enterprise credit reporting database is not perfect in our country, is not included in the central bank credit reporting system, for both the management difficulty is big, no effective mechanism and discipline and punishment.2.3 Information asymmetry cause malicious default riskOf the Internet financial transactions, payments and services are completed on the Internet, virtualization of trading, trading process is not transparent and so on have made the financial risk more diversified and uncontrolled. Of new trading patterns of this for the disclosure of the information has the certain difficulty, in P2P financial mode, due to information asymmetry, P2P platform there may be a risk, the truth of the borrower to provide information due to the master of P2P platform borrowing history data is limited, its credit rating system is also unable to grasp the situation of the borrowers, the condition of the fake information or the borrower. Once appear, default or delay balance, due to recover the cost is higher, lenders are hard to take back the principal and interest of the person failed to perform its obligations due to lending and lead to potential financial damage is one of the reasons that hinder thedevelopment of P2P.3 The implement measures3.1 Encourage innovation to strengthen the basis of industry regulationDue to P2P long-term financial platform is in a state of lack of regulation, resulting in a variety of financial risk problems occur unceasingly, serious impact on the development of P2P financial, based on this, as soon as possible, perfect the construction of Internet financial regulation legal system in our country, should provide a clear and transparent legal environment, including the market access supervision, operation supervision and exit regulatory measures to standardize the development of the P2P network platform. But don't like management of traditional financial institutions, so as not to stifle financial innovation. Perfect financial market system, pratt &whitney financial development, encourage financial innovation, rich level financial markets and products. Regulators want reasonable grasp the boundaries of innovation and strength, not to hinder the sustainable development of financial innovation, whether it be a financial product innovation, and financial service innovation. To strengthen management and ensure that financial security is very necessary, cut can not manage, weaken the vitality of financial innovation.3.2 promoting the construction of credit evaluation systemA severe credit system can restrain people daily financial activity. Therefore, in a constantly enrich financial transaction way to meet the demand of investment and financing of all social strata at the same time, the credit system construction also needs to be perfect and connectivity. At present, the central bank has started the construction of personal credit system, however, the central bank alone is not enough to build personal credit system, and will result in incomplete information system, therefore, in the process of building the personal credit system in the future, should attract more participants, to establish the perfect credit system, make scientific evaluation to the borrower's credit rating, for P2P platform provides necessary judgment. In addition, P2P financial platform should also set up its own credit system, establish a customer database, regular update of customer information in a database, at the same time, guarantee the comprehensiveness and accuracy of the new customerinformation, and effective to evaluate the customer's credit.3.3 P2P platform to strengthen risk control abilityP2P business at the core of the pricing power is in the team's own risk, the risk management ability is the core of the P2P company competitiveness. establish a risk control function is clear, for policy making, the characteristics of customer data mining, overdue customers, study and so on carries on the effective management, to standardize the front-end marketing, China audit, background collection each work orderly. At the same time, digital risk control model is established and the score card system is the effective measure to standardize P2P scientific management, with a complete set of scientific management methods, to cure it to risk control examination and approval decision engines and business process, to guide the business for examination and approval of risk control. Second, compared with the traditional financial institutions such as Banks, Internet financial firms can take advantage of big data analytics, cloud computing technology to manage customer credit evaluation and customer information, above is actually a credit evaluation system and risk control measures of innovation. Third, should attach importance to small and scattered plays important role in reducing risk, network platform, in the face of the large capital demand loan can be systemic forced to spread risk, is more than a sum of money into different sum, scattered the people who need loans to lend, risk can be effectively diluted. Fourth, guarantee qualification can be introduced with a third party professional guarantee companies provide guarantee, in case of bad debts by guarantee company compensation, in order to ensure safe operation, to ensure the safety of information and capital of investors. by using the combined risk of internal and external control means, in view of information asymmetry and capital safety is low in the strong guarantee.Era development is irreversible, the subversion and innovation of the Internet continues, because the P2P financial pattern in the global new things, the speed of development and the construction of the corresponding system is not perfect, resulting in the development of P2P financial face a lot of trouble. despite the difficulties, the game between the various arms intensified, but it's true that the development of P2Pinjected new vitality into the financial sector, in order to promote the healthy and orderly development of P2P, needs to explore the path to promote the development of P2P financial, P2P platform in the process of operation gradually improve risk control ability, ensure the safety of the funds. These efforts will make P2P financial mode gradually towards standardization and legalization, make it effectively fill the shortcoming in traditional financial business function at present, the future will be better able to make the financial service for the real economy, support the national strategic transformation of the economic structure.译文P2P金融模式研究Aronson J摘要互联网金融的发展，不断地创新出新型的金融模式，P2P就是其中一种新型金融模式，其发展的迅速直接威胁到商业银行在金融界的主导地位。
互联网金融外文文献翻译
互联网金融外文文献翻译随着信息技术的迅猛发展，互联网金融已成为当今金融领域的热门话题。
为了深入了解这一领域的国际前沿动态，对相关外文文献的翻译显得尤为重要。
互联网金融是指利用互联网技术和信息通信技术实现资金融通、支付、投资和信息中介服务的新型金融业务模式。
它打破了传统金融的时间和空间限制，极大地提高了金融服务的效率和覆盖面。
在翻译互联网金融外文文献时，首先要面对的是专业术语的翻译。
例如，“PeertoPeer Lending”通常被翻译为“P2P 借贷”，“Blockchain Technology”则是“区块链技术”，“Fintech”是“金融科技”。
准确翻译这些术语对于理解文献的核心内容至关重要。
同时，互联网金融领域的发展日新月异，新的概念和词汇不断涌现。
这就要求译者时刻关注行业动态，及时掌握最新的术语和表达方式。
比如，“Digital Currency”（数字货币）、“RoboAdvisor”（智能投顾）等都是近年来出现的新词汇。
除了术语，句子结构的处理也是翻译中的难点。
外文文献中常常会出现长难句，句子成分复杂，逻辑关系隐晦。
在翻译时，需要对句子进行仔细分析，理清其结构和逻辑关系，然后用符合中文表达习惯的方式进行翻译。
例如：“The rapid development of fintech has not only disrupted the traditional financial landscape but also created numerous opportunities for innovative financial services, which has posed both challenges and prospects for the regula tory framework” 可以翻译为：“金融科技的快速发展不仅颠覆了传统的金融格局，还为创新金融服务创造了众多机会，这给监管框架带来了挑战和前景。
互联网金融英语作文
The advent of the Internet has revolutionized the way we conduct financial transactions,and this phenomenon is commonly referred to as Internet finance or online finance.This essay will delve into the concept of Internet finance,its impact on traditional banking,the benefits and challenges it presents,and the future prospects of this innovative financial landscape.The Concept of Internet FinanceInternet finance is a broad term that encompasses a variety of financial services that are conducted over the Internet.It includes online banking,mobile payment systems, peertopeer lending platforms,crowdfunding,and investment services.The core of Internet finance is the use of technology to provide financial services more efficiently and conveniently than traditional methods.Impact on Traditional BankingThe rise of Internet finance has had a profound impact on the banking industry. Traditional banks are now facing increased competition from fintech companies that offer innovative financial products and services.These fintech companies have the advantage of lower operational costs,faster service delivery,and a more customercentric approach. As a result,traditional banks are being forced to adapt by embracing digital transformation and improving their online services.Benefits of Internet Finance1.Accessibility:Internet finance has made financial services more accessible to a wider audience.People in remote areas can now access banking services without the need for physical branches.2.Efficiency:Transactions can be completed in a matter of seconds,reducing the time and effort required for financial activities.3.Transparency:The use of blockchain technology in some Internet finance platforms ensures that transactions are transparent and secure.4.Innovation:The industry is constantly evolving,with new financial products and services being introduced regularly,catering to the diverse needs of consumers. Challenges of Internet FinanceDespite its many advantages,Internet finance also presents several challenges:1.Security:The digital nature of Internet finance makes it susceptible to cyber threats,such as hacking and fraud.2.Regulation:The rapid growth of Internet finance has outpaced the development of regulatory frameworks,leading to concerns about consumer protection and financial stability.3.Digital Divide:While Internet finance offers greater accessibility,there is still a significant portion of the population that lacks the necessary digital literacy to participate in these services.Future ProspectsThe future of Internet finance is promising,with continued growth expected in the sector. The integration of artificial intelligence and machine learning into financial services will further enhance efficiency and personalization.However,for Internet finance to reach its full potential,it is crucial to address the existing challenges,particularly in the areas of security and regulation.In conclusion,Internet finance is reshaping the financial industry by offering innovative solutions that cater to the evolving needs of consumers.As the industry continues to grow, it is essential for both regulators and industry players to work together to ensure a secure, transparent,and inclusive financial ecosystem.。
互联网金融作文英文翻译
互联网金融作文英文翻译英文：Internet finance, also known as fintech, has revolutionized the way we manage our finances. With therise of online banking, peer-to-peer lending, and mobile payment platforms, the traditional banking industry hasbeen forced to adapt to the changing landscape. Personally, I have found internet finance to be incredibly convenient and efficient. For example, I no longer have to wait inlong lines at the bank to deposit a check or transfer money. Instead, I can simply use my banking app to complete these tasks in a matter of minutes. This level of convenience has made managing my finances much easier and less time-consuming.In addition to convenience, internet finance alsooffers a wide range of investment opportunities. Through online investment platforms, I have been able to diversify my portfolio and explore new investment options that werepreviously inaccessible to me. For instance, I have invested in peer-to-peer lending, which has provided me with higher returns compared to traditional savings accounts. Furthermore, the transparency and accessibility of online investment platforms have allowed me to make more informed decisions about where to allocate my funds.However, it's important to acknowledge that internet finance also comes with its own set of risks. For example, the lack of physical presence and face-to-face interaction with financial institutions can make it easier for scams and fraud to occur. Therefore, it's crucial to conduct thorough research and due diligence before engaging in any financial transactions online. Additionally, the rapid advancement of technology in the fintech industry meansthat regulations and security measures must constantly evolve to keep up with potential threats.Overall, I believe that internet finance has significantly improved the way we manage our finances. The convenience and accessibility it offers have made it easier for individuals to take control of their financial futures.However, it's important to remain vigilant and informed about the potential risks associated with internet finance.中文：互联网金融，也被称为金融科技，已经彻底改变了我们管理财务的方式。
互联网金融作文英文
互联网金融作文英文英文：Internet finance, also known as fintech, has revolutionized the way we manage our money and access financial services. With the help of technology, we can now easily transfer money, invest in stocks, apply for loans, and even manage our budgets online. 。
One of the biggest advantages of internet finance isits convenience. For example, I can easily transfer money to my friend using a mobile payment app like Venmo. It’s as simple as typing in the amount, selecting my friend’s name, and hitting send. No need to visit a bank or write a check. 。
Another benefit is the accessibility of investment opportunities. With just a few clicks, I can buy and sell stocks through online brokerage platforms like Robinhood. I don’t have to call a stockbroker or v isit a physicaltrading floor. 。
However, internet finance also comes with its risks.For instance, there have been cases of online scams and fraudulent activities. It’s important to be cautious and only use reputable and secure financial platforms. 。
互联网金融外文翻译
互联网金融外文翻译Internet Finance: The New Paradigm of Financial Services The internet has revolutionized the way we live, work, and transact. No sector has been left unscathed by its sweeping influence, and the financial services industry is no exception.互联网金融，便是这一场革新的见证者和参与者。
互联网金融，以其独特的优势和不断创新的产品，正逐渐改变着金融服务的传统模式，引领着新的金融趋势。
The term "Internet Finance" refers to the application of internet technology to financial activities. This includes, but is not limited to, online banking, online investing, peer-to-peer lending, crowdfunding, and digital wallets.这些互联网技术使得金融服务变得更加便捷、高效，同时也拓宽了金融服务的覆盖面，使得更多的人能够享受到金融服务。
One of the key advantages of Internet Finance is its accessibility. With a click of a button, people from all walks of life can access financial services that were once limited to a select few. This has leveled the playing field for small and medium-sized enterprises, who now have equal access to capital and investment opportunities.这一优势尤其对中小企业来说意义重大，它们现在有了平等的融资和投资机会，不再受限于过去的种种限制。
互联网金融外文文献翻译
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 bankingDe Bonis R, Silvestrini AA b str actsWith the rapid development of information technology, Internet financial 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 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 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 development of the Internet industry to rely on Internet financial enterprise s e lf-di s c i pli ne, posit i ve i nnovat i on, but a lso attrac t m ore c us t ome rs, strengt he n t h e construction of system security.Key wor ds: Financial innovation; Internet financial; Financial disintermediationAt p r e s ent, m obi le payment, online ba nking, m obil e ba nki ng and financ i al business in China's 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 development 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 functionsThe concept 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 and Internet become the emerging field of combining inform a ti on technol o g y a nd ca pi ta l. I nt e rne t fina n ci a l model is differ e nt from indirect financing of commercial bank, it is also different from direct financing capital market's third financial financing model. From the perspective of the financing mode 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 am ount of informa t ion, l ow e r transa c tion cost s, hig h e ffic i en c y, et c. Adopt appropria t e the Internet finance is a kind of financial model 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.Availabili t y of f i nancia l resources. Financia l exclusi on is defined as: people i n 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 difficulties and obstacles. The current management mode, the traditional com m ercia l Banks un able t o effi ci ent ly deal with small comp ani es, and part of th e individual customer's business requirements, lead to the financial exclusion of certain customers .Internet financial mode, the customer can break through the geographical 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 information 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 understanding 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 financing mode, the money s upply and de m and both s i des inform a ti on often don't m a t c h. Capital demanders can't get the money in time to support at the same time, capital suppliers also can't find good investment projects. Internet financial mode, the money supply and demand both sides no longer need the intermediary institutions such as Banks or exchange set, can be done through the network platform to information screening, ma t chi ng, pricing and tra di ng, di sintermediation effect is obvious.The Inter net financial function.The platform function Financial enterprises establish the platform of network financial via the Internet, customers can choose the suitable financial products, just move your fingers, which can carry out payment, loan, investment, financial activities, s uc h as convenient and quick, from running er r ands, and w a iti ng f or c us tome r.The allocation of resources (i.e., financing) function. Internet financial 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 i n-depth master competitors in form atio n, improve the effi c iency of r e s o urce 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 payment or will weaken the commercial bank, the status of the traditional payment platform. At present, the people's 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 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, increasing the service efficiency of the data.Second, the Internet's influence on the traditional commercial banking financial mode to review the financial strategy, to adapt to the challenges of the Internet fina nc ial model. The emergence of the Int e rnet f i nancial m o del for s m al l and medium-sized bank 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 competitive la n dscape. Some Internet com pa nies ha v e not s a ti s fy only do t hird-pa rty onl i ne 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 banking business, rob Banks customer resources, alternative physical channels, overturning traditional bank ma na gement mode and profitable w ay.The development of banking customer a nd channelThe customer is the basis of commercial Banks and other financial institutions to the business. Internet financial model for commercial Banks to expand the customer base. In 2012, the global Internet users up to 2012 people; Chinese Internet users is 565 m i ll i on (2), the numbe r of onlin e s hoppi ng, 193 million (3).U nde r the mode of Internet financial, commercial Banks can be combined with its own strategy, on the one hand, to 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 small 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 favor.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 institutions the business practices of small businesses and individual custom e rs and c redit ra ting, and esta bl ish a database and ne t w o rk c r edit sys t em. In the credit review, investors will network trading and credit history as a reference and analysis indicators. Loan object such as a default, financial firms 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 fina n cin g, a nd personal l oans has a unique advantage. T here f or e, t he Int e r n et fi n an c ial model can go beyond the traditional 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.Int e rne t fi nan c ial m ode l ca n obj e ctivel y r e fle c t the mar ke t s uppl y a nd d e mand 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 to clinch a deal, trading market com pl et e ly. W i t h m arket-ori ented inter es t r a te, financial instituti ons ca nnot completely depend on the guidance of the central bank's benchmark rate, should take the initiative to find benchmark interest rates in the market. The Internet mode, financial institutions, financial 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 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 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 t h e pa y third-party payme nt pla t form, ca n provide c us t ome r s wit h 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 speed is fast, b ut the vol ume is re lat ive ly smal l, s h ort-te rm w ou ld not s ha ke comm e rcial bank's 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 financial enterprises should self-discipline, business development can not drill loophole legal and regulatory loopholes, should be to support the rea l e c onomy as the start i ng point. Sec ond, the I nternet f inanci a l enterprises should actively innovation, and constantly graft function of financial services and 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, opera t in g a s "ma k ing a fool of. Fina l ly, the Inte rne t fi nan c ial enterpr i ses 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 security, 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, cognitive 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 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 bus i ness, comme rc ia l B a nks and other financi a l i ns t i tut i ons should pa y c l ose a t te nt ionto 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 bank's core business,improve customer service quality, expand the service channels, improve the level of business, t o ada pt to the Int e rnet fina ncia l model to the impac t of t he tradi t iona l 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：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。
互联网金融外文翻译2023简版
互联网金融外文翻译互联网金融外文翻译引言互联网金融是指利用互联网技术和平台开展金融业务的一种新兴形式。
近年来，互联网金融在全球范围内迅速发展，并产生了一系列新的金融产品和服务。
本文将对一篇有关互联网金融的外文文章进行翻译和分析。
文章概述原文标题：The Impact of Internet Finance on Traditional Financial Institutions原文作者：John Smith原文发表日期：May 1, 2021原文摘要：本文探讨了互联网金融对传统金融机构的影响，包括对银行、证券公司和保险公司等机构的冲击。
文章分析了互联网金融的发展趋势、优势和挑战，并提出了传统金融机构应对互联网金融的策略建议。
互联网金融对传统金融机构的影响互联网金融的出现和发展对传统金融机构带来了巨大的冲击。
首先，互联网金融具有高效、便捷的特点，通过利用互联网平台和技术，可以实现7x24小时的无间断服务，避免了传统金融机构的时间和空间限制。
这使得互联网金融在一定程度上取代了传统金融机构的部分功能。
其次，互联网金融通过降低运营成本和提高效益，使得金融服务更加普惠和可及。
相比传统金融机构的高门槛和高成本，互联网金融为更多的人提供了便捷的金融服务，尤其是在不发达地区和发展中国家。
此外，互联网金融还带来了创新的金融产品和服务。
借助互联网技术和平台，互联网金融可以快速推出和调整新的金融产品，满足不同客户的需求。
例如，通过互联网金融，个人用户可以轻松申请和管理贷款、投资和保险等金融产品，而无需繁琐的线下流程。
然而，互联网金融也对传统金融机构提出了一系列挑战。
首先，互联网金融存在着信息安全和隐私保护的问题。
因为互联网的开放性和共享性，个人客户的敏感信息可能面临着被盗取或滥用的风险。
传统金融机构需要加强信息安全和隐私保护的能力，以应对这一挑战。
其次，互联网金融还面临监管的问题。
互联网金融的快速发展和创新性质使得传统金融监管机构难以跟上步伐。
互联网金融作文英文范文
互联网金融作文英文范文英文：Internet finance, also known as fintech, has revolutionized the way we manage our finances. With therise of online banking, peer-to-peer lending, and mobile payment apps, people now have more options than ever whenit comes to managing their money.For example, I used to dread going to the bank and waiting in long lines just to deposit a check or transfer money. But now, with the convenience of online banking, I can do all of that with just a few clicks on my phone. It's so much more efficient and saves me a lot of time.Another great thing about internet finance is the accessibility it provides. In the past, getting a loan from a traditional bank could be a long and complicated process. But with peer-to-peer lending platforms, I can easily apply for a loan online and get the funds I need in a matter ofdays. It's a game-changer for people who need quick accessto funds for emergencies or unexpected expenses.In addition, mobile payment apps have made it so much easier to split bills with friends or pay for goods and services. I no longer have to worry about carrying cash or dealing with the hassle of splitting a check at a restaurant. I can simply transfer money to my friends oruse a mobile payment app to pay for my share of the bill.Overall, internet finance has made managing my finances much more convenient and efficient. I no longer have todeal with the hassle of traditional banking and can easily access the financial services I need with just a few tapson my phone.中文：互联网金融，也被称为金融科技，已经彻底改变了我们管理财务的方式。
互联网大数据金融中英文对照外文翻译文献
互联网大数据金融中英文对照外文翻译文献(文档含英文原文和中文翻译)原文：Internet Finance's Impact on Traditional FinanceAbstractAs the advances in modern information and Internet technology, especially the develop of cloud computing, big data, mobile Internet, search engines and social networks, profoundly change, even subvert many traditional industries, and the financial industry is no exception. In recent years, financial industry has become the most far-reaching area influenced by Internet, after commercial distribution and the media. Many Internet-based financial service models have emerged, and have had a profound and huge impact on traditional financial industries. "Internet-Finance" has win the focus of public attention.Internet-Finance is low cost, high efficiency, and pays more attention to the user experience, and these features enable it to fully meet the special needs of traditional "long tail financial market", to flexibly provide more convenient and efficient financial services and diversified financial products, to greatly expand the scope and depth of financial services, to shorten the distance between people space and time, andto establish a new financial environment, which effectively integrate and take use of fragmented time, information, capital and other scattered resources, then add up to form a scale, and grow a new profit point for various financial institutions. Moreover, with the continuous penetration and integration in traditional financial field, Internet-Finance will bring new challenges, but also opportunities to the traditional. It contribute to the transformation of the traditional commercial banks, compensate for the lack of efficiency in funding process and information integration, and provide new distribution channels for securities, insurance, funds and other financial products. For many SMEs, Internet-Finance extend their financing channels, reduce their financing threshold, and improve their efficiency in using funds. However, the cross-industry nature of the Internet Finance determines its risk factors are more complex, sensitive and varied, and therefore we must properly handle the relationship between innovative development and market regulation, industry self-regulation.Key Words：Internet Finance; Commercial Banks; Effects; Regulatory1 IntroductionThe continuous development of Internet technology, cloud computing, big data, a growing number of Internet applications such as social networks for the business development of traditional industry provides a strong support, the level of penetration of the Internet on the traditional industry. The end of the 20th century, Microsoft chairman Bill Gates, who declared, "the traditional commercial bank will become the new century dinosaur". Nowadays, with the development of the Internet electronic information technology, we really felt this trend, mobile payment, electronic bank already occupies the important position in our daily life.Due to the concept of the Internet financial almost entirely from the business practices, therefore the present study focused on the discussion. Internet financial specific mode, and the influence of traditional financial industry analysis and counter measures are lack of systemic research. Internet has always been a key battleground in risk investment, and financial industry is the thinking mode of innovative experimental various business models emerge in endlessly, so it is difficult to use a fixed set of thinking to classification and definition. The mutual penetration andintegration of Internet and financial, is a reflection of technical development and market rules requirements, is an irreversible trend. The Internet bring traditional financial is not only a low cost and high efficiency, more is a kind of innovative thinking mode and unremitting pursuit of the user experience. The traditional financial industry to actively respond to. Internet financial, for such a vast blue ocean enough to change the world, it is very worthy of attention to straighten out its development, from the existing business model to its development prospects."Internet financial" belongs to the latest formats form, discusses the Internet financial research of literature, but the lack of systemic and more practical. So this article according to the characteristics of the Internet industry practical stronger, the several business models on the market for summary analysis, and the traditional financial industry how to actively respond to the Internet wave of financial analysis and Suggestions are given, with strong practical significance.2 Internet financial backgroundInternet financial platform based on Internet resources, on the basis of the big data and cloud computing new financial model. Internet finance with the help of the Internet technology, mobile communication technology to realize financing, payment and information intermediary business, is a traditional industry and modern information technology represented by the Internet, mobile payment, cloud computing, data mining, search engines and social networks, etc.) Produced by the combination of emerging field. Whether financial or the Internet, the Internet is just the difference on the strategic, there is no strict definition of distinction. As the financial and the mutual penetration and integration of the Internet, the Internet financial can refer all through the Internet technology to realize the financing behavior. Internet financial is the Internet and the traditional financial product of mutual infiltration and fusion, the new financial model has a profound background. The emergence of the Internet financial is a craving for cost reduction is the result of the financial subject, is also inseparable from the rapid development of modern information technology to provide technical support.2.1 Demands factorsTraditional financial markets there are serious information asymmetry, greatly improve the transaction risk. Exhibition gradually changed people's spending habits, more and more high to the requirement of service efficiency and experience; In addition, rising operating costs, to stimulate the financial main body's thirst for financial innovation and reform; This pulled by demand factors, become the Internet financial produce powerful inner driving force.2.2 Supply driving factorData mining, cloud computing and Internet search engines, such as the development of technology, financial and institutional technology platform. Innovation, enterprise profit-driven mixed management, etc., for the transformation of traditional industry and Internet companies offered financial sector penetration may, for the birth and development of the Internet financial external technical support, become a kind of externalization of constitution. In the Internet "openness, equality, cooperation, share" platform, third-party financing and payment, online investment finance, credit evaluation model, not only makes the traditional pattern of financial markets will be great changes have taken place, and modern information technology is more easily to serve various financial entities. For the traditional financial institutions, especially in the banking, securities and insurance institutions, more opportunities than the crisis, development is better than a challenge.3 Internet financial constitute the main body3.1 Capital providersBetween Internet financial comprehensive, its capital providers include not only the traditional financial institutions, including penetrating into the Internet. In terms of the current market structure, the traditional financial sector mainly include commercial Banks, securities, insurance, fund and small loan companies, mainly includes the part of the Internet companies and emerging subject, such as the amazon, and some channels on Internet for the company. These companies is not only the providers of capital market, but also too many traditional so-called "low net worth clients" suppliers of funds into the market. In operation form, the former mainly through the Internet, to the traditional business externalization, the latter mainlythrough Internet channels to penetrate business, both externalization and penetration, both through the Internet channel to achieve the financial business innovation and reform.3.2 Capital demandersInternet financial mode of capital demanders although there is no breakthrough in the traditional government, enterprise and individual, but on the benefit has greatly changed. In the rise and development of the Internet financial, especially Internet companies to enter the threshold of made in the traditional financial institutions, relatively weak groups and individual demanders, have a more convenient and efficient access to capital. As a result, the Internet brought about by the universality and inclusive financial better than the previous traditional financial pattern.3.3 IntermediariesInternet financial rely on efficient and convenient information technology, greatly reduces the financial markets is the wrong information. Docking directly through Internet, according to both parties, transaction cost is greatly reduced, so the Internet finance main body for the dependence of the intermediary institutions decreased significantly, but does not mean that the Internet financial markets, there is no intermediary institutions. In terms of the development of the Internet financial situation at present stage, the third-party payment platform plays an intermediary role in this field, not only ACTS as a financial settlement platform, but also to the capital supply and demand of the integration of upstream and downstream link multi-faceted, in meet the funds to pay at the same time, have the effect of capital allocation. Especially in the field of electronic commerce, this function is more obvious.3.4 Large financial dataBig financial data collection refers to the vast amounts of unstructured data, through the study of the depth of its mining and real-time analysis, grasp the customer's trading information, consumption habits and consumption information, and predict customer behavior and make the relevant financial institutions in the product design, precise marketing and greatly improve the efficiency of risk management, etc. Financial services platform based on the large data mainly refers to with vast tradingdata of the electronic commerce enterprise's financial services. The key to the big data from a large number of chaotic ability to rapidly gaining valuable information in the data, or from big data assets liquidation ability quickly. Big data information processing, therefore, often together with cloud computing.4 Global economic issuesFOR much of the past year the fast-growing economies of the emerging world watched the Western financial hurricane from afar. Their own banks held few of the mortgage-based assets that undid the rich world’s financial firms. Commodity exporters were thriving, thanks to high prices fo r raw materials. China’s economic juggernaut powered on. And, from Budapest to Brasília, an abundance of credit fuelled domestic demand. Even as talk mounted of the rich world suffering its worst financial collapse since the Depression, emerging economies seemed a long way from the centre of the storm.No longer. As foreign capital has fled and confidence evaporated, the emerging world’s stockmarkets have plunged (in some cases losing half their value) and currencies tumbled. The seizure in the credit market caused havoc, as foreign banks abruptly stopped lending and stepped back from even the most basic banking services, including trade credits.Like their rich-world counterparts, governments are battling to limit the damage (see article). That is easiest for those with large foreign-exchange reserves. Russia is spending $220 billion to shore up its financial services industry. South Korea has guaranteed $100 billion of its banks’ debt. Less well-endowed countries are asking for help.Hungary has secured a EURO5 billion ($6.6 billion) lifeline from the European Central Bank and is negotiating a loan from the IMF, as is Ukraine. Close to a dozen countries are talking to the fund about financial help.Those with long-standing problems are being driven to desperate measures. Argentina is nationalising its private pension funds, seeminglyto stave off default (see article). But even stalwarts are looking weaker. Figures released this week showed that China’s growth slowed to 9% in the year to the third quarter-still a rapid pace but a lot slower than the double-digit rates of recent years.The various emerging economies are in different states of readiness, but the cumulative impact of all this will be enormous. Most obviously, how these countries fare will determine whether the world economy faces a mild recession or something nastier. Emerging economies accounted for around three-quarters of global growth over the past 18 months. But their economic fate will also have political consequences.In many places-eastern Europe is one example (see article)-financial turmoil is hitting weak governments. But even strong regimes could suffer. Some experts think that China needs growth of 7% a year to contain social unrest. More generally, the coming strife will shape the debate about the integration of the world economy. Unlike many previous emerging-market crises, today’s mess spread from the rich world, largely thanks to increasingly integrated capital markets. If emerging economies collapse-either into a currency crisis or a sharp recession-there will be yet more questioning of the wisdom of globalised finance.Fortunately, the picture is not universally dire. All emerging economies will slow. Some will surely face deep recessions. But many are facing the present danger in stronger shape than ever before, armed with large reserves, flexible currencies and strong budgets. Good policy-both at home and in the rich world-can yet avoid a catastrophe.One reason for hope is that the direct economic fallout from the rich world’s d isaster is manageable. Falling demand in America and Europe hurts exports, particularly in Asia and Mexico. Commodity prices have fallen: oil is down nearly 60% from its peak and many crops and metals have done worse. That has a mixed effect. Although it hurtscommodity-exporters from Russia to South America, it helps commodity importers in Asia and reduces inflation fears everywhere. Countries like Venezuela that have been run badly are vulnerable (see article), but given the scale of the past boom, the commodity bust so far seems unlikely to cause widespread crises.The more dangerous shock is financial. Wealth is being squeezed as asset prices decline. China’s house prices, for instance, have started falling (see article). This will dampen domestic confidence, even though consumers are much less indebted than they are in the rich world. Elsewhere, the sudden dearth of foreign-bank lending and the flight of hedge funds and other investors from bond markets has slammed the brakes on credit growth. And just as booming credit once underpinned strong domestic spending, so tighter credit will mean slower growth.Again, the impact will differ by country. Thanks to huge current-account surpluses in China and the oil-exporters in the Gulf, emerging economies as a group still send capital to the rich world. But over 80 have deficits of more than 5% of GDP. Most of these are poor countries that live off foreign aid; but some larger ones rely on private capital. For the likes of Turkey and South Africa a sudden slowing in foreign financing would force a dramatic adjustment. A particular worry is eastern Europe, where many countries have double-digit deficits. In addition, even some countries with surpluses, such as Russia, have banks that have grown accustomed to easy foreign lending because of the integration of global finance. The rich world’s bank bail-outs may limit the squeeze, but the flow of capital to the emerging world will slow. The Institute of International Finance, a bankers’ group, expects a 30% decline in net flows of private capital from last year.This credit crunch will be grim, but most emerging markets can avoid catastrophe. The biggest ones are in relatively good shape. The morevulnerable ones can (and should) be helped.Among the giants, China is in a league of its own, with a $2 trillion arsenal of reserves, a current-account surplus, little connection to foreign banks and a budget surplus that offers lots of room to boost spending. Since the country’s leaders have made clear that they will do whatev er it takes to cushion growth, China’s economy is likely to slow-perhaps to 8%-but not collapse. Although that is not enough to save the world economy, such growth in China would put a floor under commodity prices and help other countries in the emerging world.The other large economies will be harder hit, but should be able to weather the storm. India has a big budget deficit and many Brazilian firms have a large foreign-currency exposure. But Brazil’s economy is diversified and both countries have plenty of reserves to smooth the shift to slower growth. With $550 billion of reserves, Russia ought to be able to stop a run on the rouble. In the short-term at least, the most vulnerable countries are all smaller ones.There will be pain as tighter credit forces adjustments. But sensible, speedy international assistance would make a big difference. Several emerging countries have asked America’s Federal Reserve for liquidity support; some hope that China will bail them out. A better route is surely the IMF, which has huge expertise and some $250 billion to lend. Sadly, borrowing from the fund carries a stigma. That needs to change. The IMF should develop quicker, more flexible financial instruments and minimise the conditions it attaches to loans. Over the past month deft policymaking saw off calamity in the rich world. Now it is time for something similar in the emerging world.5 ConclusionsInternet financial model can produce not only huge social benefit, lower transaction costs, provide higher than the existing direct and indirect financingefficiency of the allocation of resources, to provide power for economic development, will also be able to use the Internet and its related software technology played down the traditional finance specialized division of labor, makes the financial participants more mass popularization, risk pricing term matching complex transactions, tend to be simple. Because of the Internet financial involved in the field are mainly concentrated in the field of traditional financial institutions to the current development is not thorough, namely traditional financial "long tail" market, can complement with the original traditional financial business situation, so in the short term the Internet finance from the Angle of the size of the market will not make a big impact to the traditional financial institutions, but the Internet financial business model, innovative ideas, and its apparent high efficiency for the traditional financial institutions brought greater impact on the concept, also led to the traditional financial institutions to further accelerate the mutual penetration and integration with the Internet.译文：互联网金融对传统金融的影响作者：罗萨米;拉夫雷特摘要网络的发展，深刻地改变甚至颠覆了许多传统行业，金融业也不例外。
P2P互联网金融外文翻译文献
P2P互联网金融外文翻译文献随着信息技术的迅猛发展，互联网金融作为一种新兴的金融模式在全球范围内迅速崛起。
P2P 互联网金融作为其中的重要组成部分，引起了广泛的关注和研究。
本文旨在对相关的外文文献进行翻译和梳理，以加深对 P2P 互联网金融的理解。
P2P 互联网金融，即 peertopeer lending，是指个人通过互联网平台向其他个人或企业提供贷款的一种金融模式。
与传统金融机构不同，P2P 平台主要依靠互联网技术和大数据算法来实现借贷双方的匹配和风险管理。
在众多外文文献中，学者们对 P2P 互联网金融的发展历程、特点、优势和风险进行了深入的探讨。
一些研究指出，P2P 互联网金融的出现打破了传统金融机构的垄断，为投资者提供了更多的投资选择，同时也为借款人提供了更便捷、高效的融资渠道。
例如，在某些国家，由于传统银行贷款审批流程繁琐、门槛较高，许多中小企业和个人难以获得资金支持。
而 P2P 平台通过简化审批流程、降低门槛，使得这些群体能够更容易地获得所需资金，从而促进了经济的发展。
然而，P2P 互联网金融也并非完美无缺。
一方面，由于缺乏有效的监管和规范，一些 P2P 平台存在欺诈、跑路等风险，给投资者带来了巨大的损失。
另一方面，P2P 平台的信用评估体系尚不完善，难以准确评估借款人的信用风险，从而增加了平台的坏账率。
此外，网络安全问题也是P2P 互联网金融面临的一大挑战。
一旦平台遭受黑客攻击，用户的个人信息和资金安全将受到严重威胁。
为了应对这些风险和挑战，国外的一些研究提出了相应的对策和建议。
首先，政府应加强对 P2P 互联网金融的监管，建立健全相关法律法规，明确平台的准入标准和运营规范。
其次，P2P 平台应加强自身的风险管理能力，完善信用评估体系，提高风险识别和控制能力。
同时，平台还应加大对网络安全的投入，采取有效的安全措施保障用户的信息和资金安全。
在对 P2P 互联网金融的研究中，国外学者还运用了多种研究方法和模型。
电子银行研究互联网金融外文文献翻译
电子银行研究互联网金融外文文献翻译文献出处：Safeena R. The study on the development of electronic banking business [J]. International Journal of Information, 2015, 12(2): 55-65.原文The study on the development of electronic banking businessSafeena RAbstractThis article mainly from the electronic banking business development present situation and problems, this paper carefully analyses the electronic banking operational risk, reputation risk and legal risk, so as to find out the healthy development of the electronic banking technology security measures should be taken, the external resource management, professional and technical training and the establishment of the emergency measures, etc., To vigorously promote the development of electronic banking business.Keywords: Electronic banking; Business development; strategy1 IntroductionRefers to the banking financial institutions to use electronic banking facing the social public open communication channel, or open the public network, as well as the bank for particular self-service facilities or customers to establish dedicated network, provide banking services to customers. Way to the new service for the customer, make customer not limited by geographical and time and space, (Anytime), at any time, Anywhere (Anywhere), in any way (Anyhow) to provide services, namely say usually 3Aservice. Banks through electronic channels to provide customers with related products and services include: commercial POS terminals, ATM teller machines, telephone banking, personal computer, Internet, mobile phone, etc. Electronic banking business belongs to a whole new way of banking services, is the combination of information technology and the existing banking product innovation, and added to the promotion of counter service. Electronic banking business from scratch, since the childhood, in recent years has entered a fast track of development, with online banking, telephone banking, mobile banking, self-service banking, online securities, such as online insurance new service way, for the majority of users has brought convenient service experience.2 The existing problems in the development of electronic banking business2.1 Electronic trading ideas are fairly weakAlthough the bank has now had the very big development, but there are quite a few people remain skeptical about whether electronic trading actually, the idea of people also can't keep up with the development of network technology and quality. Electronic trading requires not only the popularity of network terminal equipment, also need to participants for mastering and using of e-commerce and network technology, and the several aspects are also quite weak.2.2 Lack of national unity, authority CA authentication centerAt present, the bank on the net is directly or indirectly, the CA founded on their own. From the perspective of the specification, only to the construction of unified national public certification center, can play the role of neutral, authoritative certification center. The people's bank has sent in April 1999, thetender, start building unified CA authentication center, but progress has been slow. When this kind of situation hindered the pace of construction of commercial bank for online banking, commercial Banks or pedestrian area of the branch will be redesigned. If Banks or regions are building their own CA authentication center, construction before they are unified, there will be a cross certification, if coupled with cross with foreign Banks. Certification, will greatly hinder the bank on the net service efficiency and accuracy, and can also lead to repeated construction and waste of resources.2.3 Credit mechanism is not sound, the market environment is imperfectDespite the current market economy has had the very big development, but the bottom of the credit system development process is relatively low, the current commercial bank electronic payment system is fragmented, patchy credit, enterprises and individual customers cannot share information resources, its overall advantages is not apparent. Associated with electronic payment of customs, taxation, transportation department failed to form a complete set of network with the bank of network level, restrict the development of electronic banking business.2.4 SecurityCustomer identification and guarantee data confidentiality and integrity, is the fundamental guarantee of electronic banking development. Due to the openness of the Internet it and the complexity of electronic banking in technology, information security problems become the core problem in the course of the construction of electronic banking. The network bank three hidden trouble in security: one is the most computer hardware equipment mainly rely on imports from;2 it is system encryptionprogram is not enough, easy resulting in the loss of customer funds; Three is a network system is not stable, easy operating problems, etc.2.5 The laws and regulations is still relatively lagging behindThe rules are in use electronic banking information transmission is the TCP/IP protocol, clear with the customer in a signed a contract on the basis of the rights and obligations relations, problems are resolved through arbitration. Because of the lack of related laws, problem involves responsibility identification, bear, after the execution of arbitration results such as complex legal relationship is difficult to solve now. The new "contract law" although admitted the legal effect of electronic contract, did not solve the problem of the digital signature. These virtually increase the bank and customer trouble of electronic bank financial transactions and risk.2.6 Poor single financial varieties, system integrationTo build an electronic bank, first should basically have the following characteristics: service to all-ionization, risk diversification, information integration, electronic business market, the internationalization of standards and methods. But the single most varieties of banking and finance, the risk is very concentrated; Poor internal business systems integration, data is not uniform, it is difficult to link up the relevant unit organically, and the electronic banking and electronic commerce management and service system also can't keep up with, can't meet the needs of customers. Social economy and the rapid development of science and technology, the overall management of commercial Banks had a profound effect, since entering the foreign Banks gradually into the financial markets, the increasingly fierce competition of banking, electronicbanking become an important competitive weapon. Commercial Banks in order to continue to survival and development under the newsituation, put forward the fundamental requirement to the development of electronic banking, not only effectively pushing it forward quickly, and determines the final development direction.Economic globalization, social information, changed people's thinking and ideas of a new life pattern are emerging. Faster and faster pace of life, more and more active economic activities, make people more and more pursuit of all-weather, anywhere, in any way can enjoy convenient service to the bank. In order to meet this need, commercial Banks must speed up the use of information technology, to launch all kinds of electronic banking self-service products, fully replace traditional counter business, realize electronic banking service mode 3A to permeate the full range of social and economic life, so as to occupy the market, stable customer. In the long run, the income structure of commercial Banks will change, the savings and loan will be more and smaller, poor by loan is poor profit space also more and more narrow, non interest income share will increase steadily. In response to this change, commercial Banks must take electronic banking platform construction into and securities, insurance, funds and other financial enterprises cooperation platform, key development has broad market prospects of electronic banking business innovation, including securities, investment, consulting, intermediary business, how kind of modern business, expanding profit channel and source of income, improve comprehensive selling long-term profitability.3 The operation risk of electronic banking businessWith the rapid development of information in the bank, electronic banking potential risk is increasingly revealed. Because of the electronic banking business is different with the traditional banking business has many characteristics, such as networking, virtualization, self-support, categories of the risk, risk control methods and means there are a lot of particularity, realize electronic banking risk, effective risk prevention, to avoid risk of banking industry and ensure steady and healthy development of the electronic bank has great significance to the maintenance aspects and so on bank credit. Electronic banking business risk the variety, content and form is differ, but generally can be divided into operation risk, reputation risk and legal risk, etc.3.1 Operating riskOperational risk refers to the incomplete due to internal procedure or failure and problems about system, system or manual operation, or the risk of external factors. Concrete and including security risk, system design, operation and maintenance of the risk. Security risk. Due to the increase of the electronic computer function route entry points in the geographic dispersion, and include the Internet public networks such as the use of various communication systems, to enter the bank's core accounting control system and risk management systems are becoming increasingly complicated, a variety of specific access and authentication problems could happen, make the electronic banking system of external attack. Banks will also be due to the negligence of employee fraud and negligence at risk. The system design, operation and maintenance. Banks face the choice of system design is not perfect or run the risk of not smooth. Such as electronic banking system may not be the matchthe needs of customers, business development sluggish; External service providers may not have the necessary professional technology or not update in time or because of their own enterprise fails to fulfill the obligation of technical services; Application system paralysis is not back to normal in time, etc. Due to the development of information technology with each passing day, Banks face the risk of system to be eliminated, and so on.3.2 Reputation riskReputation risk is caused by negative public opinion on bank risk, the bank's ability to establish and maintain customer relationship severely damaged, leading to the significant loss of financing or customer base. For example, online banking products and services produced negative public opinion, or process so that seriously affects the Banks' earnings or damage to the bank's capital, reputation risk when they generate. It will affect the Banks to build new client relationships, so that the agency faces lawsuits, financial losses or reputation losses.3.3 The legal risksLegal risk is due to the violation of laws, regulations, rules or trading habits orprofessional moral and ethical standards, or inconsistent with, or the rights and obligations of the parties fail to allocate, or through electronic media to conclude the agreement for the risks caused by uncertainty, and so on and so forth. Due to lack of electronic banking development can be based on standards, and electronic banking business in trading rules, the validity of contracts, the trade both parties responsibilities and consumers' rights and interests protection, compared with the traditional bank more complex and more difficult to define, the existence ofthe corresponding laws and regulations blank, it is easy to produce fringes of phenomenon, and once a dispute is difficult to solve.译文电子银行业务发展研究Safeena R摘要本文主要从电子银行业务发展的现状及其存在的问题入手, 认真分析了电子银行存在的操作风险、声誉风险和法律风险,从而找出电子银行健康发展应采取的技术安全措施、外部资源的管理、专业技术的培训和应急措施的建立等, 以大力促进电子银行业务发展。
互联网大数据金融中英文对照外文翻译文献
互联网大数据金融中英文对照外文翻译文献(文档含英文原文和中文翻译)原文：Internet Finance's Impact on Traditional FinanceAbstractAs the advances in modern information and Internet technology, especially the develop of cloud computing, big data, mobile Internet, search engines and social networks, profoundly change, even subvert many traditional industries, and the financial industry is no exception. In recent years, financial industry has become the most far-reaching area influenced by Internet, after commercial distribution and the media. Many Internet-based financial service models have emerged, and have had a profound and huge impact on traditional financial industries. "Internet-Finance" has win the focus of public attention.Internet-Finance is low cost, high efficiency, and pays more attention to the user experience, and these features enable it to fully meet the special needs of traditional "long tail financial market", to flexibly provide more convenient and efficient financial services and diversified financial products, to greatly expand the scope and depth of financial services, to shorten the distance between people space and time, andto establish a new financial environment, which effectively integrate and take use of fragmented time, information, capital and other scattered resources, then add up to form a scale, and grow a new profit point for various financial institutions. Moreover, with the continuous penetration and integration in traditional financial field, Internet-Finance will bring new challenges, but also opportunities to the traditional. It contribute to the transformation of the traditional commercial banks, compensate for the lack of efficiency in funding process and information integration, and provide new distribution channels for securities, insurance, funds and other financial products. For many SMEs, Internet-Finance extend their financing channels, reduce their financing threshold, and improve their efficiency in using funds. However, the cross-industry nature of the Internet Finance determines its risk factors are more complex, sensitive and varied, and therefore we must properly handle the relationship between innovative development and market regulation, industry self-regulation.Key Words：Internet Finance; Commercial Banks; Effects; Regulatory1 IntroductionThe continuous development of Internet technology, cloud computing, big data, a growing number of Internet applications such as social networks for the business development of traditional industry provides a strong support, the level of penetration of the Internet on the traditional industry. The end of the 20th century, Microsoft chairman Bill Gates, who declared, "the traditional commercial bank will become the new century dinosaur". Nowadays, with the development of the Internet electronic information technology, we really felt this trend, mobile payment, electronic bank already occupies the important position in our daily life.Due to the concept of the Internet financial almost entirely from the business practices, therefore the present study focused on the discussion. Internet financial specific mode, and the influence of traditional financial industry analysis and counter measures are lack of systemic research. Internet has always been a key battleground in risk investment, and financial industry is the thinking mode of innovative experimental various business models emerge in endlessly, so it is difficult to use a fixed set of thinking to classification and definition. The mutual penetration andintegration of Internet and financial, is a reflection of technical development and market rules requirements, is an irreversible trend. The Internet bring traditional financial is not only a low cost and high efficiency, more is a kind of innovative thinking mode and unremitting pursuit of the user experience. The traditional financial industry to actively respond to. Internet financial, for such a vast blue ocean enough to change the world, it is very worthy of attention to straighten out its development, from the existing business model to its development prospects."Internet financial" belongs to the latest formats form, discusses the Internet financial research of literature, but the lack of systemic and more practical. So this article according to the characteristics of the Internet industry practical stronger, the several business models on the market for summary analysis, and the traditional financial industry how to actively respond to the Internet wave of financial analysis and Suggestions are given, with strong practical significance.2 Internet financial backgroundInternet financial platform based on Internet resources, on the basis of the big data and cloud computing new financial model. Internet finance with the help of the Internet technology, mobile communication technology to realize financing, payment and information intermediary business, is a traditional industry and modern information technology represented by the Internet, mobile payment, cloud computing, data mining, search engines and social networks, etc.) Produced by the combination of emerging field. Whether financial or the Internet, the Internet is just the difference on the strategic, there is no strict definition of distinction. As the financial and the mutual penetration and integration of the Internet, the Internet financial can refer all through the Internet technology to realize the financing behavior. Internet financial is the Internet and the traditional financial product of mutual infiltration and fusion, the new financial model has a profound background. The emergence of the Internet financial is a craving for cost reduction is the result of the financial subject, is also inseparable from the rapid development of modern information technology to provide technical support.2.1 Demands factorsTraditional financial markets there are serious information asymmetry, greatly improve the transaction risk. Exhibition gradually changed people's spending habits, more and more high to the requirement of service efficiency and experience; In addition, rising operating costs, to stimulate the financial main body's thirst for financial innovation and reform; This pulled by demand factors, become the Internet financial produce powerful inner driving force.2.2 Supply driving factorData mining, cloud computing and Internet search engines, such as the development of technology, financial and institutional technology platform. Innovation, enterprise profit-driven mixed management, etc., for the transformation of traditional industry and Internet companies offered financial sector penetration may, for the birth and development of the Internet financial external technical support, become a kind of externalization of constitution. In the Internet "openness, equality, cooperation, share" platform, third-party financing and payment, online investment finance, credit evaluation model, not only makes the traditional pattern of financial markets will be great changes have taken place, and modern information technology is more easily to serve various financial entities. For the traditional financial institutions, especially in the banking, securities and insurance institutions, more opportunities than the crisis, development is better than a challenge.3 Internet financial constitute the main body3.1 Capital providersBetween Internet financial comprehensive, its capital providers include not only the traditional financial institutions, including penetrating into the Internet. In terms of the current market structure, the traditional financial sector mainly include commercial Banks, securities, insurance, fund and small loan companies, mainly includes the part of the Internet companies and emerging subject, such as the amazon, and some channels on Internet for the company. These companies is not only the providers of capital market, but also too many traditional so-called "low net worth clients" suppliers of funds into the market. In operation form, the former mainly through the Internet, to the traditional business externalization, the latter mainlythrough Internet channels to penetrate business, both externalization and penetration, both through the Internet channel to achieve the financial business innovation and reform.3.2 Capital demandersInternet financial mode of capital demanders although there is no breakthrough in the traditional government, enterprise and individual, but on the benefit has greatly changed. In the rise and development of the Internet financial, especially Internet companies to enter the threshold of made in the traditional financial institutions, relatively weak groups and individual demanders, have a more convenient and efficient access to capital. As a result, the Internet brought about by the universality and inclusive financial better than the previous traditional financial pattern.3.3 IntermediariesInternet financial rely on efficient and convenient information technology, greatly reduces the financial markets is the wrong information. Docking directly through Internet, according to both parties, transaction cost is greatly reduced, so the Internet finance main body for the dependence of the intermediary institutions decreased significantly, but does not mean that the Internet financial markets, there is no intermediary institutions. In terms of the development of the Internet financial situation at present stage, the third-party payment platform plays an intermediary role in this field, not only ACTS as a financial settlement platform, but also to the capital supply and demand of the integration of upstream and downstream link multi-faceted, in meet the funds to pay at the same time, have the effect of capital allocation. Especially in the field of electronic commerce, this function is more obvious.3.4 Large financial dataBig financial data collection refers to the vast amounts of unstructured data, through the study of the depth of its mining and real-time analysis, grasp the customer's trading information, consumption habits and consumption information, and predict customer behavior and make the relevant financial institutions in the product design, precise marketing and greatly improve the efficiency of risk management, etc. Financial services platform based on the large data mainly refers to with vast tradingdata of the electronic commerce enterprise's financial services. The key to the big data from a large number of chaotic ability to rapidly gaining valuable information in the data, or from big data assets liquidation ability quickly. Big data information processing, therefore, often together with cloud computing.4 Global economic issuesFOR much of the past year the fast-growing economies of the emerging world watched the Western financial hurricane from afar. Their own banks held few of the mortgage-based assets that undid the rich world’s financial firms. Commodity exporters were thriving, thanks to high prices fo r raw materials. China’s economic juggernaut powered on. And, from Budapest to Brasília, an abundance of credit fuelled domestic demand. Even as talk mounted of the rich world suffering its worst financial collapse since the Depression, emerging economies seemed a long way from the centre of the storm.No longer. As foreign capital has fled and confidence evaporated, the emerging world’s stockmarkets have plunged (in some cases losing half their value) and currencies tumbled. The seizure in the credit market caused havoc, as foreign banks abruptly stopped lending and stepped back from even the most basic banking services, including trade credits.Like their rich-world counterparts, governments are battling to limit the damage (see article). That is easiest for those with large foreign-exchange reserves. Russia is spending $220 billion to shore up its financial services industry. South Korea has guaranteed $100 billion of its banks’ debt. Less well-endowed countries are asking for help.Hungary has secured a EURO5 billion ($6.6 billion) lifeline from the European Central Bank and is negotiating a loan from the IMF, as is Ukraine. Close to a dozen countries are talking to the fund about financial help.Those with long-standing problems are being driven to desperate measures. Argentina is nationalising its private pension funds, seeminglyto stave off default (see article). But even stalwarts are looking weaker. Figures released this week showed that China’s growth slowed to 9% in the year to the third quarter-still a rapid pace but a lot slower than the double-digit rates of recent years.The various emerging economies are in different states of readiness, but the cumulative impact of all this will be enormous. Most obviously, how these countries fare will determine whether the world economy faces a mild recession or something nastier. Emerging economies accounted for around three-quarters of global growth over the past 18 months. But their economic fate will also have political consequences.In many places-eastern Europe is one example (see article)-financial turmoil is hitting weak governments. But even strong regimes could suffer. Some experts think that China needs growth of 7% a year to contain social unrest. More generally, the coming strife will shape the debate about the integration of the world economy. Unlike many previous emerging-market crises, today’s mess spread from the rich world, largely thanks to increasingly integrated capital markets. If emerging economies collapse-either into a currency crisis or a sharp recession-there will be yet more questioning of the wisdom of globalised finance.Fortunately, the picture is not universally dire. All emerging economies will slow. Some will surely face deep recessions. But many are facing the present danger in stronger shape than ever before, armed with large reserves, flexible currencies and strong budgets. Good policy-both at home and in the rich world-can yet avoid a catastrophe.One reason for hope is that the direct economic fallout from the rich world’s d isaster is manageable. Falling demand in America and Europe hurts exports, particularly in Asia and Mexico. Commodity prices have fallen: oil is down nearly 60% from its peak and many crops and metals have done worse. That has a mixed effect. Although it hurtscommodity-exporters from Russia to South America, it helps commodity importers in Asia and reduces inflation fears everywhere. Countries like Venezuela that have been run badly are vulnerable (see article), but given the scale of the past boom, the commodity bust so far seems unlikely to cause widespread crises.The more dangerous shock is financial. Wealth is being squeezed as asset prices decline. China’s house prices, for instance, have started falling (see article). This will dampen domestic confidence, even though consumers are much less indebted than they are in the rich world. Elsewhere, the sudden dearth of foreign-bank lending and the flight of hedge funds and other investors from bond markets has slammed the brakes on credit growth. And just as booming credit once underpinned strong domestic spending, so tighter credit will mean slower growth.Again, the impact will differ by country. Thanks to huge current-account surpluses in China and the oil-exporters in the Gulf, emerging economies as a group still send capital to the rich world. But over 80 have deficits of more than 5% of GDP. Most of these are poor countries that live off foreign aid; but some larger ones rely on private capital. For the likes of Turkey and South Africa a sudden slowing in foreign financing would force a dramatic adjustment. A particular worry is eastern Europe, where many countries have double-digit deficits. In addition, even some countries with surpluses, such as Russia, have banks that have grown accustomed to easy foreign lending because of the integration of global finance. The rich world’s bank bail-outs may limit the squeeze, but the flow of capital to the emerging world will slow. The Institute of International Finance, a bankers’ group, expects a 30% decline in net flows of private capital from last year.This credit crunch will be grim, but most emerging markets can avoid catastrophe. The biggest ones are in relatively good shape. The morevulnerable ones can (and should) be helped.Among the giants, China is in a league of its own, with a $2 trillion arsenal of reserves, a current-account surplus, little connection to foreign banks and a budget surplus that offers lots of room to boost spending. Since the country’s leaders have made clear that they will do whatev er it takes to cushion growth, China’s economy is likely to slow-perhaps to 8%-but not collapse. Although that is not enough to save the world economy, such growth in China would put a floor under commodity prices and help other countries in the emerging world.The other large economies will be harder hit, but should be able to weather the storm. India has a big budget deficit and many Brazilian firms have a large foreign-currency exposure. But Brazil’s economy is diversified and both countries have plenty of reserves to smooth the shift to slower growth. With $550 billion of reserves, Russia ought to be able to stop a run on the rouble. In the short-term at least, the most vulnerable countries are all smaller ones.There will be pain as tighter credit forces adjustments. But sensible, speedy international assistance would make a big difference. Several emerging countries have asked America’s Federal Reserve for liquidity support; some hope that China will bail them out. A better route is surely the IMF, which has huge expertise and some $250 billion to lend. Sadly, borrowing from the fund carries a stigma. That needs to change. The IMF should develop quicker, more flexible financial instruments and minimise the conditions it attaches to loans. Over the past month deft policymaking saw off calamity in the rich world. Now it is time for something similar in the emerging world.5 ConclusionsInternet financial model can produce not only huge social benefit, lower transaction costs, provide higher than the existing direct and indirect financingefficiency of the allocation of resources, to provide power for economic development, will also be able to use the Internet and its related software technology played down the traditional finance specialized division of labor, makes the financial participants more mass popularization, risk pricing term matching complex transactions, tend to be simple. Because of the Internet financial involved in the field are mainly concentrated in the field of traditional financial institutions to the current development is not thorough, namely traditional financial "long tail" market, can complement with the original traditional financial business situation, so in the short term the Internet finance from the Angle of the size of the market will not make a big impact to the traditional financial institutions, but the Internet financial business model, innovative ideas, and its apparent high efficiency for the traditional financial institutions brought greater impact on the concept, also led to the traditional financial institutions to further accelerate the mutual penetration and integration with the Internet.译文：互联网金融对传统金融的影响作者：罗萨米;拉夫雷特摘要网络的发展，深刻地改变甚至颠覆了许多传统行业，金融业也不例外。
互联网金融外文翻译文献
文献信息：文献标题：INTERNET FINANCE: DIGITAL CURRENCIES AND ALTERNATIVE FINANCE LIBERATING THE CAPITAL MARKETS（互联网金融：数字货币和替代金融解放资本市场）国外作者：Kim Wales文献出处：《Journal of Governance and Regulation》, 2015,4(1):190-201 字数统计：英文2505单词，13427字符；中文4405汉字外文文献：INTERNET FINANCE:DIGITAL CURRENCIES AND ALTERNATIVE FINANCE LIBERATING THE CAPITAL MARKETS Abstract This article discusses how the sudden shift in policy reform and innovation has the potential to liberate the financial markets. The economic potential of internet finance is beginning to take hold across the capital markets as industries like Peer–to–Peer Lending, Equity and Debt based Crowdfunding and virtual currencies and cryptocurrencies which are types of digital currency are quickly transforming the way businesses are being financed. From borrowing and lending, buying and selling securities, to conducting wire transfers internationally, these innovations are creating a new class and generation of investors will source investments opportunities. Helping institutions and governments assess risks and manage performance in order to determine where to deploy capital; and showing signs of lessening the inequality gap. Following the neolithic agricultural revolution and the industrial revolution, this new revolution will enable more people to access financial services in less traditional ways, especially the unbanked world with its huge potential. These new financial opportunities, such as peer – to -peer (P2P) lending, will be discussed and examined, and we will stress how they can allow people to bypasscurrent barriers in the global economy. We conclude by arguing that all these developments, energized by the efforts of innovators and entrepreneurs, have the potential to radically transform the world in which we live, while promoting the core values of industrialized societies including democracy, capital formation, sustainability, and equality without solely relying on tax increases.Key Words:Internet Finance, Digital Currencies, Capital Markets, Alternative FinanceIntroductionThe way we do business is being revolutionized. There is decreasing trust of traditional banks, mainly due to the aftershocks of the 2008 financial crisis and the string of scandals that has affected banks reputation since then, including the LIBOR interest rate rigging scandal, money laundering, high risk lending and tax evasion. As access to traditional funding becomes more elusive and as more and more people join the ranks of the “unbanked,” it is clear that new ways of creating business, job and capital, in a more equitable way must be found. And indeed, an economic revolution is underway, which is radically transforming the financial ecosystem, via emerging technologies, changing legislation, and alternative funding mechanisms.Barriers in the Global EconomyKendall and V oorhies (2014) note that in some countries, “the most important buffers against crippling financial setbacks are financial tools such as personal savings, insurance, credit, or cash transfers from family and friends. Yet these are rarely available because most of the world’s poor lack access to even the most basic banking services.” In addition, Webber (2014) notes that the World Bank calculates that about 75% “of the world’s poor is unbanked,” amounting to roughly 2.5 billion people who are unable to access any banking services. These unbanked people are often reliant on “a patchwork of informal and often precarious arrangements to manage their financial lives.”However, “technology and new business models are beginning to shape differenttypes of business finance and funding” available across the globe [Vistage(2013)], especially in developing countries. For instance, 75% of Kenyans now have mobile banking services, while in Brazil basic banking transactions are now available at local shops [Webber (2014)].But while the ‘unbanked’ are increasingly being served in developing countries, Webber (2014) notes that inclusion in traditional banking services is becoming more problematic in the EU and US: The Alliance for Financial Inclusion, a global network of policymakers, reported that there are “58 million people in the EU without bank access and another 92 million are ‘underserved’ – having access, say, to just one bank while in the US, nearly 10 million households are believed to be outside of the formal banking system.”Increasingly, the wealthy are being relied upon to redirect investment dollars toward emerging growth companies through different types of incentives and new funding models, however understanding the new range of financial services and means of access will be ‘challenging” but important for all involved [Vistage(2013)]. In particular, understanding the important differences between the huge range of finance and funding options available – from bank lending to crowd-sourced funding to microfinance to private equity and venture capital – is a challenge, but will be fundamental for business leaders, emerging growth companies and investors as they consider their place in the economic equation. At the same time, as I have written in an earlier paper, it is also important that average working class individuals are also given the chance to take advantage of these new investment and financing opportunities [Wales(2014)].Maney (2013) says that the world is undergoing a third revolution (following on from the Neolithic Agricultural Revolution and the Industrial Revolution), and this is a very apt description. Humankind’s collective knowledge is being aggregated and disseminated and is increasingly allowing complete access to the surge of universal information and we all have the ability to connect with almost everyone on the planet [Maney(2013)]. Democratization of the capital markets with financial and investment products such as securities based crowdfunding, peer-to-peer lending (P2P), Bitcoinand more -- in parallel -- with technological advances on the Internet, social media, and the smartphone have all equally revolutionized the way that we do things. This new revolution, started in the developing world, will enable more people to access financial services in less traditional ways. These new financial opportunities, such as peer to peer (P2P) lending and bitcoin will now be discussed in turn.Dawn of a New Era: P2P and the CrowdIn recent years, peer-to-peer lending has attracted borrowers and lenders that had been displaced by the banks. The “new normal’ in this sea of change is leveraging networks of social capital, better known as “the crowd” to infuse the money needed into a company in order to start, grow or sustain its practice.According to the Small Business Administration, recovering is continuing in both “borrowing and lending conditions”, although recovery is slower for smaller firms. Unfortunately, businesses have experienced a downturn in their financial position, which has made securing funds from banks very difficult during a time of increasing financial regulation. This is reflected in a number of studies into small business lending over the last few years.The New York Federal Reserve regularly surveys small business owners regarding “their needs and experiences,” in order to gauge the credit environment, and in the. April/May 2012 survey, 544 small businesses participated. The feedback from the survey indicates that “the recent drop in lending may be due in part to weaker firms self-selecting out of the credit market”: about two- thirds of the participants did not apply for any financing, and half of these respondents did not do so because they feared their applications would be declined. Participants also reported “higher denial rates” for microloans than for loans of higher amounts, suggesting that the demand for microloans is there.Oxfam’s (2014) report into global economic inequality stated that a mere 1% of the global population controls almost half of the global wealth. Furthermore, this 1% owns $110 trillion which is 65 times the combined wealth of the “poorest 3.5 billion people,” the 85 richest people own the same as the combined total wealth of thebottom 50% of the global population, and 70% of the population reside in countries where “economic inequality has increased in the last 30 years”. These statistics emphasize the fact that there is a disproportionate amount of capital not making its way into the hands of “the crowd” as well as the difficulty of gaining access to that capital.History illustrates that during periods of radical change, it took two world wars to shift the economy [Piketty(2014)]. Now inequality is rising back to pre-1915 war levels. According to Piketty (2014), this should be counteracted via global tax on wealth or similar measures.While here we agree on the inequality rise, I submit that wealth inequality could improve naturally through advances in technology and the democratization of capital under the umbrella of “internet finance” rather than through fiscal policy alone.Globally, peer – to – peer platforms originated an estimated $70 billion in 2014. Yet, these loans only make up a small portion of the total number of small business loans [Eavis(2014)]. In the first quarter of 2014, banks lent a total of $291 billion to small businesses, according to FDIC figures, while in contrast, US P2P lending platform, Prosper Marketplace originated over $3 billion of loans on platform as of 1Q2015. As of the 2014, Peer – to – Peer Lending (Debt) originated $11 billion in loans in the U.S., $56 billion in China and $5.6 billion in Europe in 2014, respectively. These numbers are projected to double by the end of 2015.Mobile bankingMobile banking is becoming increasingly popular and its applications have the “potential to encourage financial discipline in even more effective ways”[Kendall and V oorhies (2014)] Mobile banking has three advantages over traditional banking models, which can also be translated for primary and secondary markets [Kendall and V oorhies (2014)]:—Mobile transactions are virtually free. Counter services at financial institutions make up most of the routine bank costs, however, with mobile banking, the same transactions can be made with little or no cost to the financial institutions or mobileservice providers, and by extension those servicing transactions within the primary and secondary markets.—These mobile transactions create huge amounts of data, “which banks and other providers can use to develop more profitable servers and even substitute for traditional credit scores (which can be hard for those without formal records or financial histories to obtain)”. Over time, there will be an emergence of mobile ratings agencies that will assist entrepreneurs and investors to overcome this hurdle in the primary and secondary markets.—Mobile platforms operate in real time, allowing instantaneous account information, messaging and new services sign up.Digital Currency: the case of virtual and crypto currenciesDigital currency businesses are now proliferating with $350 million invested by venture capitalist in 2014 and $230 million invested the year prior. For a moment, let’s explore how the crypto currency, Bitcoin could transform financial markets, by serving as a catalyst for capital formation, especially in underserved regions like Africa and Haiti, which are in dire need of banking facilities and access to capital and technology like blockchain is beginning to serve as the backbone infrastructure for the movement of currencies.Bitcoin is currency that can be traded internationally and anonymously, and because it is a decentralized digital currency, there are no fees, government regulation, and oversight by banks and government-backed securities [Pagliery (2014a)].Five years after its introduction, Bitcoin is among the most studied and traded financial products. Bitcoin payments occur peer-to-peer with no administrator and this cryptocurrency is now a popular form of digital currency. A number of top investors support this digital currency (including, for example, Marc Andreessen and the Winklevoss twins). Merchants see Bitcoin with favor because of its lower fees when compared with credit cards, and the fact that fees are paid by the purchaser and not by the vendor. However, Bitcoin has also been quite volatile so far and has been subject to intense scrutiny by governments.Indeed, last year the bitcoin exchange, Mt. Gox, collapsed, which raised questions regarding “the security of investing in a virtual currency that isn’t regulated by governments”[Vaishampayan (2014)]. However, other players, such as SecondMarket, created a new, and more secure, bitcoin exchange and launched a Bitcoin Investment Trust.There is an excellent and potentially revolutionary opportunity to incorporate cryptocurrencies like Bitcoin into products such as crowdfunding platforms and mobile-enabled platforms that could serve the unbanked, underserved, and the emerging middle class, who represent well over 2 billion people worldwide. $90 billion a year is spent by this population on alternative services such as check cashers and payday loans [Schutte (2014)] and they struggle to obtain the financing, beyond limited microfinance opportunities, to create businesses. Creating value for this segment of the population could be very exciting if social capital and technology are leveraged properly.Bitcoin could be used for remittances, liquidity access to cash, and credit for frontier and emerging countries.ConclusionThe world is embarking upon a new economic revolution. Institutional market making may become a profession of the past as the democratization of capital is being driven more and more by retail investors. The catalyst for this phenomenon originated in the global economic recession. Unemployment, while going down, is till a problem, and interest rates remain at historic lows of almost zero percent while startup and emerging growth companies find it difficult to raise capital via traditional avenues.Start-ups are major job creators (small firms created 65% of new jobs in the US between 1993 and 2009), but they aren’t getting the funding to remain operational.2.5 billion people are unbanked [Chaia et al (2010)] while over 2 billion are living on less than $2 a day. With all of the global resources, it is hard to understand why the wealth disparity gap continues to increase in the 21st century with 1% of thepopulation controlling over 50% of the world’s wealth.On April 5, 2012, President Barack Obama signed into legislation The Jumpstart Our Business Startups Act (JOBS Act), igniting a change to 80-year-old securities laws while spurring a changing of the guards globally and enabling the democratization of the capital markets. Technological advances such as Web 3.0, social capital, smartphones and mobile technology, and Bitcoin are fueling this economic revolution. This revolution is also known as “frictionless capitalism”, a term coined by Bill Gates in 1994, in his book, The Road Ahead, which suggests a new generation of internet companies are innovating to find ways of reducing friction within the internet economy. I will take this thought one step further and propose that the internet is becoming the new industrial network where we can connect with one another directly allowing for advances in creating “frictionless labor markets.”As these examples show, a new economic revolution has the potential to disrupt social and capital norms. Every aspect of life will be transformed due to the interrelated nature of the ecosystem because increased activity in one part of the ecosystem spurs an increase in activity in others.I conclude by arguing that all these developments, energized by the efforts of innovators and entrepreneurs, have the potential to radically transform the world in which we live, while promoting the core values of industrialized societies including democracy, capital formation, sustainability, and equality. A brave new world of business and finance, which is more equal and fairer, is just around the corner.中文译文：互联网金融：数字货币和替代金融解放资本市场摘要本文讨论了政策改革和创新的突然转变是如何解放金融市场的。
网络金融风险防范外文翻译文献
网络金融风险防范外文文献翻译(含：英文原文及中文译文)英文原文How to guard against financial risks network ProfessorKristian BehrensFirst, the definition of network finance Network Finance is a computer network for the technical support of the financial activities and related activities in general, is a network of information technology and product of the combination of modern finance, but it is not a simple combination of the two, but a financial industry and even all industries An operating mechanism, is the future of enterprise system development. Narrowly understood, refers to the financial network of financial service providers based on the host to the Internet or communications network for the media, through the financial data and business processes embedded software platform, user interface terminal mode of operation of the new financial ; from a broad understanding of the concept of network finance their mode of operation also includes matching network of financial institutions, networks and related financial markets, regulatory and other external environment. Including: e-money, online banking, online payment, network security and network insurance. Second, the network of financial riskNetwork mainly engaged in the financial settlement of electronicmoney and electronic virtual financial services, in addition to traditional financial activities which exist in the process of credit risk, liquidity risk, interest rate risk, currency risk and market risk, from a technical, business and legal perspective, There are the following specific risks:1. Technology risk(1) hacker attacks. The operation of the network must rely on financial transactions, computer and Internet, all transactions are stored in the computer, the transmission of online information is easy to become a large network of "hacker" attack. In addition, Web access is a form of Internet service, is also a network of financial institutions trading and services platform, but it depends on TCP / IP protocol, there are many security vulnerabilities. This gives hackers broke into financial institutions through the network to create the conditions for the system. Hackers only need to use loopholes in the system itself, "only need to modify a few settings " you can allow financial institutions to a standstill.(2) technology selection risk. To carry out financial business networks, they must choose a proven technology solutions to support. Once there is choice, there will be a result of selection for the same mistakes which led to the risk. One possibility is to choose the technology system and client terminal software compatibility due to poor speed of information transmission interruption or reduction, another risk is that of technical alternatives have been eliminated, resulting in relativelybackward technology, the network out of date, leading to enormous technical and Loss of business opportunities. Financial terms of the network, technology choice may lose all of the market failure, or even lose the basis for survival.2. Business risks.(1) operational risk. Operational risk from the system reliability, stability and security caused major defects in the possibility of potential loss may come from the negligence of online financial customers, may also come from the financial security system network and its products, design flaws and operational errors . Operational risk relates primarily to authorize the use of online financial accounts, the network of financial risk management systems, networks, financial institutions and the exchange of information among customers, true and false recognition of electronic money. (2) the risk of market signals. Market risk is due to signal asymmetric information network of financial institutions led to the face of adverse selection and moral hazard arising from business risks. Such as Internet banking customers can not identify the risk level of the Internet at a disadvantage, online customers may use their hidden information and action to make the network to their advantage at the expense of the interests of the decision-making banks and leaving because of adverse public comment on Internet Banking Risk of losing customers and sources of funding risks. (3) credit risk. Reputation risk isthe network of financial institutions can not create good customer relations, can not establish their own good reputation, and thus can not engage in financial business. Once the virtual network of financial institutions to provide financial services can not achieve the expected level of the public, or adverse reactions in the community, or network security system of financial institutions have been destroyed to form a network of financial credit risk.3. Legal risks. The legal risks of financial networks, mainly from two aspects: First, violation of relevant laws, regulations and system requirements, and online transactions failed to comply with the provisions of the relevant rights and obligations. These laws and regulations, including consumer protection laws, financial disclosure system, privacy protection, intellectual property protection law and currency system. Second, the lack of network financial law. China Internet Finance still in its infancy, is still quite a lack of appropriate laws and regulations. Therefore, using the Internet to provide or receive financial services, signed an economic contract rights and obligations in the face considerable legal risk, vulnerable to undue disputes, not only increase the cost of online financial transactions, and even affect the Development of the financial health of the network.Third, improve the network to prevent and control financial risksPoint of the network of financial risks, involving a wide range ofinterests, it is necessary to perfect legal environment, strengthening access management, a sound regulatory system, adjust the regulatory strategy and other aspects, a multi-pronged, comprehensive treatment.1. Improve the legal system.(1) legislative efforts to increase the network of financial, clear the network of financial rights and obligations of relevant subjects.(2) to develop rules of fair trade network. In the identification and validation of digital signatures, transactions preservation of evidence, the transaction and both parties share responsibility for the protection of personal information of consumers to make detailed provisions to ensure transaction security, digital evidence when disputes arise and transactions in a real and effective personal Privacy.2. Enhanced market access management.(1) The status of the technology infrastructure as one of the conditions of market access. Financial services applications for operating the network of financial institutions not only a considerable scale of network equipment, but also need to have confirmed the legality of trading partners, to prevent tampering with trading information and prevent information leakage and other aspects of key technologies. (2) to develop rigorous internal control system. Publicity for the network of financial services, information disclosure, and system design have institutional arrangements, the establishment of a network of financialinstitutions or a new business, the must have sound risk identification, identification, management, risk cover and disposal programs.(3) to develop and improve the types of transactions operating procedures. Applications to open accounts for customers, customer authorization statement, the general development of trading procedures, rules to prevent illegal trading and online financial transaction system against criminal activities.(4) the implementation of the network type of financial business management. Development of classification standards, banking and financial services capabilities and the ability to credit rating, thus a variety of services on the network to carry out the financial restrictions and permits.3. Improve the regulatory system.(1) improve the network of financial risk monitoring systems. The establishment of "national (network) Financial Risk Management Committee."(2) to strengthen collaborative supervision. "Committee" of the member units and other relevant regulatory authorities to share information resources among each other and opening up their own information database, and regularly informed of their supervision, promote joint supervision, supervision of financial risks to improve network accuracy and timeliness.(3) to strengthen international cooperation in financial supervision network. Meanwhile, the network with international cooperation in financial supervision to strengthen the network of bank borrowing way illegal tax evasion, money laundering and other acts, the way the use of Internet banking transnational smuggling, illegal arms trafficking activities such as arms and drug trafficking, illegal attack on the use of Internet banking other sites internet bank hackers, and other international criminal activities a full range of monitoring, the formation of the network can effectively protect the financial health of the global network operations and is responsible for the supervision of the financial system.4. Adjust the control strategy.(1) and improve the modernization level of financial supervision network. In the practice, we should have complete control of the network of financial institutions to improve the business operation of the network capacity and the forecast level of financial risk, and enhance macro-control of the systematic and forward-looking, but also to strengthen financial supervision and standardization of network construction, improve the network of financial supervision modern and scientific level.(2) improve the network of financial and non-site inspection of the site content system. On-site inspection should focus on the technical elements to be checked. (3) the establishment of mandatory informationdisclosure system. Follow the "open, fair and just" principle, development of financial services than the traditional more stringent information disclosure rules, norms, disclosure of the content, format, frequency and responsibilities and so on, through the financial statements, disclosure of the online publicity and other means of financial networks business information. (4) Innovative forms of regulation. Take full advantage of information superiority, the establishment of real-time tracking and monitoring systems, strengthen monitoring, while also taking on the network "rules, patrol checks," the way the operational status of the network and whether the financial "irregularities" carry out spot checks found that, in a timely manner to correct or take punitive measures.5. Building security system.(1) accelerate research and development with China's own intellectual property rights of advanced information technology. Including computer equipment, communications equipment, system software, encryption algorithms, from the protection of national financial security and national economic security perspective to improve network security.(2) improving the network operating environment. Computer networks and centers to strengthen the management of the engine room, increase physical security measures for computer input, and enhance computer systems of key technologies and key equipment against attacks, anti-virus capabilities, maintenance of computer hardware security,ensure network banks rely on network hardware The normal operation of the environment safe.(3) secure access. On the one hand through the network of physical and logical isolation means isolation, and physical resources to unauthorized users isolated from each other, on the other hand through the application of the authentication and grading systems such as login authorization to restrict access to unauthorized users.中文译文网络金融风险防范克里斯蒂安·贝伦斯网络金融的定义网络金融是计算机网络对于金融活动和相关活动的技术支持一般，是信息技术与现代金融相结合的产物，但它不是简单的组合这两个，但一个金融业乃至所有行业的一个运营机制，是企业系统发展的未来。
互联网金融作文英文范文
互联网金融作文英文范文英文：As an individual who has been actively involved in the world of internet finance, I have witnessed firsthand the incredible impact that this industry has had on the global economy. Internet finance, also known as fintech, has revolutionized the way we manage our finances, access credit, and invest our money. It has provided a level of convenience and accessibility that was previously unimaginable.One of the most significant benefits of internet finance is the ability to access financial services from anywhere in the world. For example, I can easily transfer money to a friend in another country using a mobile payment app, without having to go through the hassle of traditional banking processes. This level of convenience has truly made a difference in my life, and I know many others who feel the same way.In addition to convenience, internet finance has also opened up new opportunities for investment. Through online investment platforms, I have been able to diversify my portfolio and explore new investment opportunities that were previously out of reach. This has allowed me to take control of my financial future in a way that was not possible before internet finance became mainstream.However, it is important to acknowledge that internet finance also comes with its own set of risks. The ease of access to financial services and investment opportunities can sometimes lead to impulsive decision-making, which can result in financial loss. It is crucial for individuals to educate themselves about the potential risks and to approach internet finance with caution.中文：作为一个积极参与互联网金融行业的人，我亲眼见证了这个行业对全球经济的不可思议影响。
- 1、下载文档前请自行甄别文档内容的完整性，平台不提供额外的编辑、内容补充、找答案等附加服务。
- 2、"仅部分预览"的文档,不可在线预览部分如存在完整性等问题,可反馈申请退款(可完整预览的文档不适用该条件!)。
- 3、如文档侵犯您的权益，请联系客服反馈,我们会尽快为您处理(人工客服工作时间：9:00-18:30)。
互联网金融外文文献翻译(文档含中英文对照即英文原文和中文翻译)译文：互联网金融对传统金融业的影响摘要网络的发展，深刻地改变甚至颠覆了许多传统行业，金融业也不例外。
近年来，金融业成为继商业分销、传媒之后受互联网影响最为深远的领域，许多基于互联网的金融服务模式应运而生，并对传统金融业产生了深刻的影响和巨大的冲击。
“互联网金融”成为社会各界关注的焦点。
互联网金融低成本、高效率、关注用户体验，这些特点使其能够充分满足传统金融“长尾市场”的特殊需求，灵活提供更为便捷、高效的金融服务和多样化的金融产品，大大拓展了金融服务的广度和深度，缩短了人们在时空上的距离，建立了一种全新的金融生态环境；可以有效整合、利用零散的时间、信息、资金等碎片资源，积少成多，形成规模效益，成为各类金融服务机构新的利润增长点。
此外，随着互联网金融的不断渗透和融合，将给传统金融行业带来新的挑战和机遇。
互联网金融可以促进传统银行业的转型，弥补传统银行在资金处理效率、信息整合等方面的不足；为证券、保险、基金、理财产品的销售与推广提供新渠道。
对于很多中小企业来说，互联网金融拓展了它们的融资渠道，大大降低了融资门槛，提高了资金的使用效率。
但是，互联网金融的跨行业性决定了它的风险因素更为复杂、敏感、多变，因此要处理好创新发展与市场监管、行业自律的关系。
关键词：互联网金融；商业银行；影响；监管1 引言互联网技术的不断发展，云计算、大数据、社交网络等越来越多的互联网应用为传统行业的业务发展提供了有力支持，互联网对传统行业的渗透程度不断加深。
20世纪末，微软总裁比尔盖茨就曾断言，“传统商业银行会成为新世纪的恐龙”。
如今，随着互联网电子信息技术的发展，我们真切地感受到了这种趋势，移动支付、电子银行早已在我们的日常生活中占据了重要地位。
由于互联网金融的概念几乎完全来自于商业实践，因此目前的研究多集中在探讨互联网金融的具体模式上，而对传统金融行业的影响力分析和应对措施则缺乏系统性研究。
互联网与金融行业一向是风险投资的主战场，是思维模式的创新实验田，因此各种商业模式层出不穷，很难用一套固定的思维去分类、界定。
互联网与金融的相互渗透与融合，是技术发展与市场规律要求的体现，是不可逆转的趋势。
互联网带给传统金融的不仅仅是低成本与高效率，更在于一种创新的思维模式和对用户体验的不懈追求。
而传统金融行业要去积极应对。
互联网金融，对于这样一片足以改变世界的巨大蓝海，是非常值得投入精力去理顺其发展脉络，去从现有的商业模式中发现其发展前景的。
“互联网金融”属于最新的业态形式，对互联网金融进行探讨研究的文献不少，但多缺乏系统性与实践性。
因此本文根据互联网行业实践性较强的特点，对市场上的几种业务模式进行概括分析，并就传统金融行业如何积极应对互联网金融浪潮给出了分析与建议，具有较强的现实意义。
2互联网金融的产生背景互联网金融是以互联网为资源平台，以大数据和云计算为基础的新金融模式。
互联网金融借助于互联网技术、移动通信技术来实现资金融通、支付和信息中介等业务，是传统金融业与以互联网为代表的现代信息科技（移动支付、云计算、数据挖掘、搜索引擎和社交网络等）相结合产生的新兴领域。
不管是互联网金融还是金融互联网，只是战略上的区别，并没有严格定义区分。
随着金融与互联网的相互渗透与相互融合，互联网金融可以泛指一切通过互联网技术来实现资金融通的行为。
互联网金融是互联网与传统金融相互渗透和融合的产物，这种崭新的金融模式有着深刻的产生背景。
互联网金融的出现既源于金融主体对于降低成本的强烈渴求，也离不开现代信息技术迅猛发展提供的技术支撑。
2.1 需求型拉动因素传统金融市场存在严重的信息不对称，极大的提高了交易风险；移动互联网的发展逐步改变了人们的金融消费习惯，对服务效率和体验的要求越来越高；此外，运营成本的不断上升，都刺激着金融主体对于金融创新与改革的渴求；这种由需求拉动的因素，成为互联网金融产生的强大内在推动力。
2.2 供给型推动因素数据挖掘、云计算以及搜索引擎等技术的发展、金融与互联网机构的技术平台的革新、企业逐利性的混业经营等，为传统金融业的转型和互联网企业向金融领域渗透提供了可能，为互联网金融的产生和发展提供了外在的技术支撑，成为一种外化的拉动力。
在互联网“开放、平等、协作、分享”的平台上，第三方融资与支付、在线投资理财、信用评审等模式的不断涌现，不仅使得传统的金融市场格局发生了巨大的变化，也使现代信息科技更加便捷地服务于各金融主体。
对于传统金融机构，特别是银行、证券和保险机构而言，机遇大于危机，发展胜过挑战。
3互联网金融的构成主体3.1 资金供给者介于互联网金融的综合性，其资金供给者不仅包括传统的金融机构，也包括渗透进入的互联网企业。
就目前的市场结构而言，传统金融机构主要有商业银行、证券、保险、基金和小额贷款公司，而新兴主体主要包括部分互联网企业，如亚马逊，还有一些以互联网为渠道的综合型公司。
这些企业不仅是市场资金的供给者，更是将许多传统所谓的“低净值客户”纳入市场资金的供给方。
在操作形式上，前者主要借助互联网将传统业务进行外化，后者主要通过互联网渠道将业务进行渗透，无论是外化还是渗透，二者都通过互联网渠道实现了金融业务的创新与改革。
3.2 资金需求者互联网金融模式下的资金需求者虽然没有突破传统的政府、企业和个体的范畴，但在惠及范围上却有着很大程度的改变。
互联网金融的兴起和发展，特别是互联网企业的进入使得被排挤在传统金融机构门槛之外的、相对弱势的组织和个体需求者，有了一个更加便捷和高效的资金获取渠道。
因此，互联网金融所带来的普惠性和包容性更胜以往的传统金融模式。
3.3中介机构互联网金融依靠高效、便捷的信息技术，极大降低了金融市场上存在的信息不对称，交易双方通过互联网直接对接，交易成本也大大降低，因此互联网金融主体对于中介机构的依赖性明显减弱，但并非意味着互联网金融市场就没有中介机构。
就现阶段互联网金融的发展状况而言，第三方支付平台扮演了该领域中介机构的角色，不仅充当资金结算的平台，更是对资金供需的上下游环节进行多方位的整合，在满足资金支付的同时，起到资金配置的作用。
尤其是在电子商务领域，这一功能更加明显。
3.4 大数据金融大数据金融是指集合海量非结构化数据，通过对其进行深度挖掘与实时分析，掌握客户的交易信息、消费信息和消费习惯等，进而准确预测客户行为，使相关金融机构在产品设计、精准营销和风险管理等方面的效率得到极大提高。
基于大数据的金融服务平台主要指拥有海量交易数据的电子商务企业所开展的金融服务。
大数据的关键是从大量无序的数据中快速攫取有价值信息的能力，或者是从大数据资产中快速变现的能力。
因此，大数据的信息处理往往与云计算结合在一起。
4结论互联网金融模式不仅能够产生巨大的社会效益，降低交易成本，提供比现有直接和间接融资更高的资源配置效率，为经济发展提供动力，还能够借助互联网及其相关软件技术淡化传统金融业的专业分工，使得金融参与者更加大众普通化，风险定价期限匹配等复杂交易也趋于简单化。
由于互联网金融所涉足的领域主要集中在传统金融机构当前开发并不深入的领域，即传统金融的“长尾市场”，能够与原有的传统金融业务形成补充态势，所以短期内互联网金融从市场规模角度并不会对传统金融机构带来很大冲击，但是互联网金融的业务模式、创新思路以及其显现出来的高效率对于传统金融机构在理念上带来了较大的冲击，也带动了传统金融机构进一步加速与互联网的互相渗透与融合。
原文：Internet Finance's Impact on Traditional FinanceRamsey; Labored.AbstractAs the advances in modern information and Internet technology, especially the develop of cloud computing, big data, mobile Internet, search engines and social networks, profoundly change, even subvert many traditional industries, and the financial industry is no exception. In recent years, financial industry has become the most far-reaching area influenced by Internet, after commercial distribution and the media. Many Internet-based financial service models have emerged, and have had a profound and huge impact on traditional financial industries. "Internet-Finance" has win the focus of public attention.Internet-Finance is low cost, high efficiency, and pays more attention to the user experience, and these features enable it to fully meet the special needs of traditional "long tail financial market", to flexibly provide more convenient and efficient financial services and diversified financial products, to greatly expand the scope and depth of financial services, to shorten the distance between people space and time, and to establish a new financial environment, which effectively integrate and take use of fragmented time, information, capital and other scattered resources, then add up to form a scale, and grow a new profit point for various financial institutions. Moreover, with the continuous penetration and integration in traditional financial field, Internet-Finance will bring new challenges, but also opportunities to the traditional. It contribute to the transformation of the traditionalcommercial banks, compensate for the lack of efficiency in funding process and information integration, and provide new distribution channels for securities, insurance, funds and other financial products. For many SMEs, Internet-Finance extend their financing channels, reduce their financing threshold, and improve their efficiency in using funds. However, the cross-industry nature of the Internet Finance determines its risk factors are more complex, sensitive and varied, and therefore we must properly handle the relationship between innovative development and market regulation, industry self-regulation.Key Words：Internet Finance; Commercial Banks; Effects; Regulatory1 IntroductionThe continuous development of Internet technology, cloud computing, big data, a growing number of Internet applications such as social networks for the business development of traditional industry provides a strong support, the level of penetration of the Internet on the traditional industry. The end of the 20th century, Microsoft chairman Bill Gates, who declared, "the traditional commercial bank will become the new century dinosaur". Nowadays, with the development of the Internet electronic information technology, we really felt this trend, mobile payment, electronic bank already occupies the important position in our daily life.Due to the concept of the Internet financial almost entirely from the business practices, therefore the present study focused on the discussion. Internet financial specific mode, and the influence of traditional financial industry analysis and counter measures are lack of systemic research. Internet has always been a key battleground in risk investment, and financial industry is the thinking mode of innovative experimental various business models emerge in endlessly, so it is difficult to use a fixed set of thinking to classification and definition. The mutualpenetration and integration of Internet and financial, is a reflection of technical development and market rules requirements, is an irreversible trend. The Internet bring traditional financial is not only a low cost and high efficiency, more is a kind of innovative thinking mode and unremitting pursuit of the user experience. The traditional financial industry to actively respond to. Internet financial, for such a vast blue ocean enough to change the world, it is very worthy of attention to straighten out its development, from the existing business model to its development prospects."Internet financial" belongs to the latest formats form, discusses the Internet financial research of literature, but the lack of systemic and more practical. So this article according to the characteristics of the Internet industry practical stronger, the several business models on the market for summary analysis, and the traditionalfinancial industry how to actively respond to the Internet wave of financial analysis and Suggestions are given, with strong practical significance.2 Internet financial backgroundInternet financial platform based on Internet resources, on the basis of the big data and cloud computing new financial model. Internet finance with the help of the Internet technology, mobile communication technology to realize financing, payment and information intermediary business, is a traditional industry and modern information technology represented by the Internet, mobile payment, cloud computing, data mining, search engines and social networks, etc.) Produced by the combination of emerging field. Whether financial or the Internet, the Internet is just the difference on the strategic, there is no strict definition of distinction. As the financial and the mutual penetration and integration of the Internet, the Internet financial can refer all through the Internettechnology to realize the financing behavior. Internet financial is the Internet and the traditional financial product of mutual infiltration and fusion, the new financial model has a profound background. The emergence of the Internet financial is a craving for cost reduction is the result of the financial subject, is also inseparable from the rapid development of modern information technology to provide technical support.2.1 Demands factorsTraditional financial markets there are serious information asymmetry, greatly improve the transaction risk. Exhibition gradually changed people's spending habits, more and more high to the requirement of service efficiency and experience; In addition, rising operating costs, to stimulate the financial main body's thirst for financial innovation and reform; This pulled by demand factors, become the Internet financial produce powerful inner driving force.2.2 Supply driving factorData mining, cloud computing and Internet search engines, such as the development of technology, financial and institutional technology platform. Innovation, enterprise profit-driven mixed management, etc., for the transformation of traditional industry and Internet companies offered financial sector penetration may,for the birth and development of the Internet financial external technical support, become a kind of externalization of constitution. In the Internet "openness, equality, cooperation, share" platform, third-party financing and payment, online investment finance, credit evaluation model, not only makes the traditional pattern of financial markets will be great changes have taken place, and modern information technology is more easily to serve various financial entities. For the traditional financial institutions, especially in the banking, securities and insurance institutions, more opportunities than the crisis, development is better than a challenge.3 Internet financial constitute the main body3.1 Capital providersBetween Internet financial comprehensive, its capital providers include not only the traditional financial institutions, including penetrating into the Internet. In terms of the current market structure, the traditional financial sector mainly include commercial Banks, securities, insurance, fund and small loan companies, mainly includes the part of the Internet companies and emerging subject, such as the amazon, and some channels on Internet for the company. These companies is not only the providers of capital market, but also too many traditional so-called "low net worth clients" suppliers of funds into the market. In operation form, the former mainly through the Internet, to the traditional business externalization, the latter mainly through Internet channels to penetrate business, both externalization and penetration, both through the Internet channel to achieve the financial business innovation and reform.3.2 Capital demandersInternet financial mode of capital demanders although there is no breakthrough in the traditional government, enterprise and individual, but on the benefit has greatly changed. In the rise and development of the Internet financial, especially Internet companies to enter the threshold of made in the traditional financial institutions, relatively weak groups and individual demanders, have a more convenient and efficient access to capital. As a result, the Internet brought about by the universality and inclusive financial better than the previous traditional financial pattern.3.3 IntermediariesInternet financial rely on efficient and convenient information technology, greatly reduces the financial markets is the wrong information. Docking directly through Internet, according to both parties,transaction cost is greatly reduced, so the Internet finance main body for the dependence of the intermediary institutions decreased significantly, but does not mean that the Internet financial markets, there is no intermediary institutions. In terms of the development of the Internet financial situation at present stage, the third-party payment platform plays an intermediary role in this field, not only ACTS as a financial settlement platform, but also to the capital supply and demand of the integration of upstream and downstream link multi-faceted, in meet the funds to pay at the same time, have the effect of capital allocation. Especially in the field of electronic commerce, this function is more obvious.3.4 Large financial dataBig financial data collection refers to the vast amounts of unstructured data, through the study of the depth of its mining and real-time analysis, grasp the customer's trading information, consumption habits and consumption information, and predict customer behavior and make the relevant financial institutions in the product design, precise marketing and greatly improve the efficiency of risk management, etc. Financial services platform based on the large data mainly refers to with vast trading data of the electronic commerce enterprise's financial services. The key to the big data from a large number of chaotic ability to rapidly gaining valuable information in the data, or from big data assets liquidation ability quickly. Big data information processing, therefore, often together with cloud computing.4 ConclusionsInternet financial model can produce not only huge social benefit, lower transaction costs, provide higher than the existing direct and indirect financing efficiency of the allocation of resources, to provide power for economic development, will also be able to use the Internet andits related software technology played down the traditional finance specialized division of labor, makes the financial participants more mass popularization, risk pricing term matching complex transactions, tend to be simple. Because of the Internet financial involved in the field are mainly concentrated in the field of traditional financial institutions to the current development is not thorough, namely traditional financial "long tail" market, can complement with the original traditional financial business situation, so in the short term the Internet finance from the Angle of the size of the market will not make a big impact to the traditional financial institutions, but the Internet financial business model, innovative ideas, and its apparent high efficiency for the traditional financial institutions brought greater impact on the concept, also led to the traditional financial institutions to further accelerate the mutual penetration and integration with the Internet.。