What is an Internet fund?
Internet fund refers to the direct communication between investors and third-party institutions through the Internet, which is an extension of traditional fund services. Internet funds no longer need banks as intermediaries. The emergence of Internet funds not only reduces the financial cost of investors, but also improves the financial efficiency of investors and the working efficiency of financial institutions.
Impact of Internet funds:
1. Impact on investors: The emergence of Internet funds enables investors to communicate directly with third-party institutions online, which not only saves investors time and transportation expenses when they go to the bank, but also enables investors to manage their finances anytime and anywhere, improving the freedom of financial management;
2. Impact on commercial banks: Internet funds have robbed potential and existing customers of commercial banks to some extent. But also reduces the income of commercial banks as financial intermediaries. In the past, investors mostly bought funds through commercial banks, and commercial banks could get a lot of formalities from them every year. The emergence of internet funds has brought great impact to commercial banks.
That's all. I hope it helps you.