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As an emerging financial industry in the 21st century, Internet banking has received more and more attention for its low cost and broad prospects. Foreign banks mainly rely on the unlimited advantages of the network to achieve remote services to make up for their lack of outlets and small scale. For a long period of time in the future, financial competition will ultimately focus on the three strategies of online banking versus traditional banks. Challenge lines: domestic and foreign (Chinese and foreign), industry and outside (industry and mixed), online and offline (online banking and traditional banks). As a result, in addition to competing in traditional business areas, Chinese banks must compete with foreign banks in the field of online financial services. Internet Bank refers to a financial site located on the Internet. It does not have a bank lobby or business outlets. It only needs to enter the site through a computer connected to the Internet and can conduct various banking services in any place 24 hours a day. Financial institutions, also known as "virtual banks (Virtual Bank). In general, online banking includes three elements: one is the need to have the Internet or other electronic communication networks, the other is a financial service provider based on electronic communications, and the third is Financial consumers based on electronic communications. This new way of serving customers can free customers from geographical, time and space constraints. As long as they can access the Internet, they can manage their assets conveniently and quickly at home, in the office or on the road, understand all kinds of information and enjoy banking Various services. In the not-too-long period in the future, online banking will replace the existing traditional bank operations and become the main operating method of the banking industry, which will bring unprecedented impact and challenges to the traditional banking industry. Internet banking has obvious advantages. First, it can greatly reduce operating service costs and create huge profit margins; second, business development is not restricted by time and region, and can maximize business scale; third, business operations only need to "click" on the Internet. Save the human resources of banks and customers; fourthly, speed up the flow of funds along with logistics and reduce the loss of funds in transit. This article discusses the difference between Internet banking and traditional banks and the influence of Internet banking on traditional banks. At the same time, it discusses the functions of Internet banking, the core functions of traditional banks on the development of Internet banking, and the overall impact of Internet banking on traditional banks. Analyze the specific trends of current online banking operations.