The development of Financial Technology(FinTech)in areas such as mobile Internet,cloud computing,big data,search engines,and blockchain technology have significantly changed the financial industry.FinTech is expected ...The development of Financial Technology(FinTech)in areas such as mobile Internet,cloud computing,big data,search engines,and blockchain technology have significantly changed the financial industry.FinTech is expected to overturn the traditional banking business model,forcing banks to upgrade and transform.This study adopts a comparative case study method to contrast and analyze the Industrial and Commercial Bank of China(ICBC)and Citibank.It analyzes the strategies,organizations,HR systems,and product innovations adopted by these two banks in response to the impact of FinTech.This paper proposes an“electric vehicle”mode for ICBC and an“airplane mode”for Citibank.Further,it describes the difficulties encountered by the Chinese banking industry and proposes some feasible ways to upgrade.“Technology power”will become the core competitive concept for the financial institutions of the future.展开更多
Mobile finance plays a great role in solving problems of rural finance,such as insufficient physical outlets and excessive high transaction cost. Based on the field survey data of Village A in Sichuan Province,analysi...Mobile finance plays a great role in solving problems of rural finance,such as insufficient physical outlets and excessive high transaction cost. Based on the field survey data of Village A in Sichuan Province,analysis and study were carried out on the development and use of rural mobile finance. The results indicated that the degree of use of rural mobile finance is not high. Mobile finance is mainly used in the young and the middle aged people with high educational level,engaged in non-agricultural industry,and with lower middle income. The business is single and mainly concentrated in shopping and transfer of account.展开更多
基金This manuscript has sponsored by(531-541009)from the Advanced Institute of Finance,Sun Yat-sen University.
文摘The development of Financial Technology(FinTech)in areas such as mobile Internet,cloud computing,big data,search engines,and blockchain technology have significantly changed the financial industry.FinTech is expected to overturn the traditional banking business model,forcing banks to upgrade and transform.This study adopts a comparative case study method to contrast and analyze the Industrial and Commercial Bank of China(ICBC)and Citibank.It analyzes the strategies,organizations,HR systems,and product innovations adopted by these two banks in response to the impact of FinTech.This paper proposes an“electric vehicle”mode for ICBC and an“airplane mode”for Citibank.Further,it describes the difficulties encountered by the Chinese banking industry and proposes some feasible ways to upgrade.“Technology power”will become the core competitive concept for the financial institutions of the future.
基金Supported by the Innovation Project for College Young Teachers in Tibet Autonomous Region(QC2015-31)
文摘Mobile finance plays a great role in solving problems of rural finance,such as insufficient physical outlets and excessive high transaction cost. Based on the field survey data of Village A in Sichuan Province,analysis and study were carried out on the development and use of rural mobile finance. The results indicated that the degree of use of rural mobile finance is not high. Mobile finance is mainly used in the young and the middle aged people with high educational level,engaged in non-agricultural industry,and with lower middle income. The business is single and mainly concentrated in shopping and transfer of account.
