Application of Financial Technology Innovation in Commercial Banks: A Case Study of Bank of China

Absrtact: With the development of financial science and technology, big data, artificial intelligence, blockchain and other technologies are becoming more and more mature. As the core sector of China’s financial industry, the innovative application of financial technology in domestic commercial banks has gradually become the focus of the financial industry, after studying the application of financial technology in commercial banks and introducing the benign interaction mechanism between finance and technology, from four aspects of system innovation, organization innovation, Channel Innovation and technology innovation, this paper analyzes the application status of its financial technology in the Bank of China, finally, from the angle of the bank itself and the external environment, it provides the corresponding countermeasures and suggestions for the innovative application of financial science and technology in Chinese commercial banks.