The Impact of Internet Finance on Commercial Banks

The rapid development of Internet technology has brought new development opportunities to the financial industry. At the same time, the new combination of Internet and finance has also brought a huge impact to traditional commercial banks. The rapid development of Internet finance is both a challenge and an opportunity for Changzhou Construction Bank and other traditional commercial banks. For this reason, this paper first expounds the basic concept of Internet finance, and then introduces the advantages of Internet finance, Internet financial risks and the causes of Internet financial risks. Secondly, taking Changzhou Construction Bank as an example, this paper briefly introduces the development status and advantages of Changzhou Construction Bank, and further analyzes the problems of Changzhou Construction Bank under the background of Internet finance. And further analyzed the reasons for the problems of Changzhou Construction Bank under the Internet background. At the end of the summary, from the perspective of economic development, Internet finance is a major direction that facilitates people's life and work, with distinctive characteristics of the times. Changzhou Construction Bank needs to adapt to the changes of the times, provide security guarantees, give full play to its advantages under the condition of full integration with the Internet, and promote the sustainable and healthy development of Changzhou's economy.