Analysis of the development of small and medium-sized commercial banks under digitalization

Abstract

Commercial banks are an important part of the financial system, and these banks play a crucial role in the process of regional economic development. Small and medium-sized enterprises are the foundation of the stable operation of the national economy. The main responsibility and business of small and medium-sized banks is to provide financial services to small and medium-sized enterprises. In recent years, the assets of small and medium-sized banks have continued to increase, and some financial services and products have been launched one after another. However, the ensuing changes in the external environment have also brought enormous pressure. This article summarizes the opportunities and challenges faced by the development of small and medium-sized commercial banks at this stage, and gives a view of the transformation and development of small and medium-sized commercial banks in the context of digitalization