Report: In the transformation of commercial banking's net worth, the real competition will be the full integration of technology and finance such as blockchain.

On August 28th, the China Banking Association and the Banking Financial Management and Custody Center jointly issued the “China Banking Banking Business Development Report (2018)”. The report pointed out that in the face of the challenges in the transformation of business net worth, the real competition between commercial banks will be the full integration of big data, blockchain, artificial intelligence and other technologies and finance, and applied to precision marketing, full Competition in various application capabilities in channel customer experience, comprehensive risk management, refined resource allocation and vertical management. Financial technology will gradually become a new production factor in the asset management industry, which will bring profound changes to the bank's wealth management business.