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Chinese commercial banks accelerate digital transformation: report

2019-10-19 15:16

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BEIJING, Oct. 19 (Xinhua) -- Chinese commercial banks are speeding up their digital transformation drive, said a report released by the National Internet Finance Association of China.

Around 75 percent of the surveyed banks are making or have already rolled out plans on digital transformation and over 70 percent of them are recruiting talents on digitalization, according to the report.

The report showed that internet banks and large state-owned lenders are more active in applying technological innovation.

To realize safe and orderly digital transformation of commercial banks, the report suggests China strengthen guidance on the sector and enhance comprehensive risk management.
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