Fleeing the banking industry after ten years of work? Don’t underestimate the informatization strength of banks.

Editor’s note: This article comes from the WeChat public account “InfoQ” (ID: infoqchina) .

Author | Fu Xiaoyan

Edit | Tina

I saw such a short story some time ago:

2016 was my tenth year working in a large bank. After struggling, I made the courage to make the decision to “escape”.

McKinsey issued a report at the end of 2016. This report was hailed as the “death note of the banking industry” in the industry.

The report said: “Every fast technology and stricter regulations have reshaped the entire banking industry. Only large banks that can generate at least US $ 15 billion in profit each year can withstand high operating costs in the future and survive. Only three-fifths of the banks that came down. “

This report gave me the idea of ​​escaping.

The business currently done by Internet companies covers almost all the main business of the bank, including payment and settlement business, credit asset business, deposit and other fund source business, financial management and other intermediate business. The rapid development of financial technology has made traditional banks more prominent in their recession and backwardness.

After having a deep conversation with my friends in Internet finance, I found that I could no longer keep up with their financial thinking and technology.

Bankers who feel the professional crisis, like me, have moved to emerging Internet companies since this year.

The old “golden rice bowl” faded?

With the development of WeChat Pay and Alipay payment, the banking industry gives us a feeling of backwardness and retirement. It seems that banks have been slow on the road to digitization, which led to the rise of third-party payment tools such as Alipay.

After the establishment of Ant Financial in 2014, at a summit, Jack Ma once told everyone: “If the bank does not change, we will change the bank.” So in the 40-year transformation process, why did the bank fall behind ? Are they not working hard enough? Is their technology not advanced enough? Or do they lack forward-looking technological thinking?

It may not be. In the following article, Fu Xiaoyan, who has worked in the bank for many years, made a detailed analysis.

Information history of banks in the past 40 years

The degree of informatization of the banking industry ranks among the best in various industries. Banks are inherently dealing with digital, and have the endogenous needs and natural advantages of improving business efficiency through informatization. Readers outside the banking industry may find it difficult to believe that today is always