Mai Thi Dung, Do Khanh Van, Nguyen Gia Bach. "Financial Technology in Commercial Banks: Situation and Solutions" International Research Journal of Economics and Management Studies, Vol. 2, No. 3, pp. 430-438, 2023.
With the rapid advancement of information technology and the internet, everything from consumer behaviors and purchasing patterns to how commercial banks operate has changed. Applications of financial technology are being used in a wide variety of ways, which is impacting practically every aspect of commercial banking, including deposits, payments, insurance, securities, credit, and risk management, as well as the market and product structures and the Bank's long-term development plans. The banking industry is being significantly influenced and changed by Fintech. This article examines the idea, purpose, and content of applying financial technology to the commercial banking system and the state of that application at the moment. On that basis, propose a few solutions to increase the efficiency of financial technology applications in the banking system.
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