Further intensifying competition in the rural

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In particular, the Henan Rural Bank incident in led to the decline of rural banks' social credibility and further weakening of their brand influence. On the one hand, large state-owned banks have responded to the government’s call to enter the rural market and vigorously develop inclusive financial services. Internet banks such as private banks MYbank and Xinwang Bank have entered rural businesses and grabbed customer resources.




Further intensifying competition in the rural financial market; On the other hand, rural credit Indonesia Phone Number cooperatives, which have many business overlaps with village and town banks, have been restructured into rural commercial banks to "go into battle light". At the same time, they have also focused on improving their capabilities in the application of financial technology and promoting the development and mutual cooperation of digital inclusive finance. Seize the market.





However, rural banks themselves have weak technological capabilities, lack of high-level professionals, and insufficient independent operation and maintenance capabilities. It is difficult to rely on its own strength to promote digital transformation and technology investment and development. The sponsoring institution or bank takes the lead Using a combination of external cooperation and internal self-construction, we will first quickly launch digital products that can bring business