What does the metaverse mean for banks?

Recently, the list of successful candidates for the first term of the China Mobile Telecommunications Association Metaverse Industry Committee was announced, and Zheshang Bank was added to the list. What does the metaverse mean for banks?

In fact, many financial institutions, including banks, have already announced that they will enter or start featuring the metaverse. However, many bank employees have said that "Metaverse" is in the early stages of investigation, and the bank where he currently resides has no plans for this. ~

A Treasury Department reporter reported that a publicly traded company that provides software development software and technology services to banks has announced a three-year plan that further explores technology applications and advancements, such as Metaverse, form the bank. . Online response. According to industry insider, the technology and business model of Metaverse was in its infancy and is now used for a small part of it, and the financial economics still have a long way to go. Metaverse is an indicator that the digital exchange industry should pay close attention to, but it should not be used as a scam.

Many banks announced their thoughts on the layout of the metaverse, and the interactive platform in question flashed.

As the metaverse heats up, some financial companies such as banks have also started thinking about or exploring the metaverse. At the end of last year, AIYA (Aiya), 'AI Virtual Brand Manager', joined Baixin Bank. Baixin Bank said it was the result of future exploration and trading ventures in the waters of the metaverse. Recently, Jiangsu Company also announced that it has started to implement the financial exchange program based on online financial improvement research and decision-making and the key reasons for digital finance.

Earlier, China Financial Services Corporation announced that it had "entered the transition" via its WeChat public account. However, the affected content was subsequently removed.

The metaverse discussion continues and some traders are asking the discussion board bank questions. Bank of America recently announced that it will conduct virtual reality training for its 4,300 group financial support staff. , to answer consumer questions, etc., some merchants ask ICBC if they plan to start a business using Metaverse. Traders also ask whether Beijing Bank or its subsidiaries and affiliates are involved in Metaverse R&D or invest in Metaverse projects.

In fact, there are many business ideas on setting up a metaverse for any financial company. Several bank employees told Caixin's reporter that their bank does not have a metaverse plan, and "the transition is over." ~

And what is the metaverse? ''Metaverse" is a collection of virtual space and time that contains a series of Augmented Reality (AR), Virtual Reality (VR) and the Internet (Internet). It interacts with the Earth using technologies such as AR/VR, cloud computing, AI, 5G and blockchain. ~

In general, the industry believes that all events that move from offline to online, such as reality, AR, VR, VR, and the Internet, fall into the metaverse category. ~

As a representative of Jiangsu Bank's Information Technology Department, customer awareness, customer interaction and introduction services are our main financial metaverse. . “These companies are often less financially integrated and have less impact, so they can be key to the transition.”

How does the metaverse lead to the bank?

What will be the impact of the future metaverse on the banking sector? How does the metaverse change the bank? From Sun Yang's point of view, this includes unknown financial resources, cooperation with financial customers, the creation of real financial products, and the profitability of the digital worker business. “Maybe the metaverse is the digital transformation of end banks.”

Gao Feng, Chief Information Officer (CIO), said: "In 2021, the traditional economy and large technology companies will improve the metaverse industry one by one, and the banking sector has also been subject to prior research for the metaverse, supporting its meaning in its right." At the Beijing Bank Remote Banking Center meeting on January 12 at the China Banking Association, it was said that in the era of the metaverse, the interaction between banks and consumers will be exchanged, grow and become a digital customer and a virtual marketplace. competitive market of many banks.

Jiangsu Bank Information Technology Manager believes that understanding consumers will help you understand the meaning of future financial services. "In Metaverse, consumers can experience financial literacy in a simpler and easier way, and banks can better understand their customers. Safely, they can step into the situation to complete financial services. "

However, some insiders point out that banks still have a long way to go to show off Metaverse. 2021 is the first year of change, and the major nations of the world are beginning to develop the metaverse. “Strictly speaking, Essence Securities sees the 2021 metaverse as a time of crisis, i.e. market intelligence. The metaverse is doing well.

A bank employee also told the CFO on the 20th that the bank where he resided had begun to think about creating a metaverse bank, but had not yet been put into practice. Technologies related to the metaverse in financial products. ~