Traditional financial institutions mainly include internet innovation and e-commerce innovation of traditional financial services, while non-financial institutions mainly refer to e-commerce enterprises that use internet technology for financial operations, peer-to-peer lending platforms that create rich loans, online investment platforms with crowdfunding models, mobile phone financing apps that dig money, and third-party payment platforms.
Online finance
Internet finance refers to the matching of borrowers and lenders through third-party Internet platforms. People who need to borrow can find people who have the ability to lend and are willing to lend on certain conditions through the website platform. By sharing a loan amount with other lenders, they can help lenders spread risks and help borrowers choose attractive interest rate conditions from fully compared information.
Internet finance is not a simple combination of the Internet and the financial industry, but a new model and new business that naturally comes into being to meet the new demand after being familiar with and accepted by users at the level of network technology such as security and mobile (especially the acceptance of e-commerce).
The development of Internet finance has gone through many stages, such as online banking, third-party payment, personal loans and corporate financing. Moreover, it is getting deeper and deeper into the core of traditional financial business in terms of financing and matching between the supply and demand sides of funds.
Above content reference: Baidu Encyclopedia-Internet Finance