Abstract

As the most representative organization in my country's traditional financial system, commercial banks have a reputation that cannot
be matched by any other capital organization. my country's commercial banks are strong, the government provides implicit guarantees
for investors, and has accumulated high-quality customer resources over the years. Although in recent years, some traditional
businesses of banks are often considered to be affected by Internet finance and third-party payments, even on the surface, banks have
gradually become a relatively weak party. However, as long as we think calmly, we will definitely find that in the short term, the
market dominance of commercial banks in the financial sector is still far from being shaken by third-party payment platforms. First of
all, third-party payment seems to be coming fast and unstoppable, but its rapid development is still inseparable from the help of thirdparty
banks; secondly, for banks, the technical challenges of third-party payment will also be the biggest. To further deepen reforms,
improve service levels and quality, and intensify technological innovation, these issues still need to be put on the agenda. Therefore, in
the face of such challenges, commercial banks should be more proactive in dealing with them, taking the best of them, and constantly
enriching themselves, so that they can be improved and promoted in the fierce competition. In addition, with the establishment and
improvement of the legal system of my country's Internet technology level, the market segmentation of the two parties is just around
the corner. I believe that as long as the two parties cooperate sincerely, we can provide more high-quality products and services to our
users

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