TITLE:
Development of Internet Finance and Its Impact on Traditional Financial Models
AUTHORS:
Laksika Mahatthanhothai
KEYWORDS:
Internet Finance, Traditional Finance, Financial Innovation, Financial Structural Adjustment, Risk Management
JOURNAL NAME:
Open Access Library Journal,
Vol.11 No.6,
June
21,
2024
ABSTRACT: This article examines the evolution of Internet finance and its effects on conventional financial models. It delves into the distinct features and benefits of Internet finance, exploring its role in innovating financial services, adjusting financial structures, and managing financial risks. Additionally, the paper addresses the challenges Internet finance poses to traditional financial institutions and regulatory authorities. It suggests strategic solutions to these challenges and highlights the significant transformations and opportunities Internet finance introduces to the financial sector.