Study on Digital Transformation of Commercial Banks

The digital economy refers to economic activities based on digital technology and driven by information, network and computer technology to generate, circulate and utilize data and information.Under the influence of fierce market competition and diversified customer needs, China's small and medium-sized commercial banks have gradually stepped into the path of digital transformation, and have gained good results. This paper selects the annual operating data of 2007-2021 of the listed banks in China, mainly studies the digital transformation of commercial banks, and analyzes the data related to the digitalization of 25 commercial banks. Finally, the driving force of banks' digital transformation is explored from the perspectives of managers' investment efficiency, risk control ability, bank liabilities, income growth rate and other characteristics. The obtained research results show that internal competitive pressure significantly motivates commercial banks to adopt digital transformation strategies. Finally, policy implementation suggestions are made for the problems in the transformation process, aiming to promote commercial banks to be able to carry out digital transformation in a better way.