Author(s)

Lujian Wang ¹, Hanting Xu ²

Affiliation(s)

¹ Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia
² New York University (Shanghai), Shanghai, China

Corresponding Author

Lujian Wang

ABSTRACT

With the goal of developing "carbon peaks" and "carbon neutrality", the development of green finance in China faces new opportunities. With the gradual application of digital technology in green finance, digital transformation can be used to promote the reform of green finance products, business and risk control, which can improve the quality and efficiency of green finance development and accelerate the realization of "double carbon". Currently, domestic banks are actively combining digital technology with green finance to effectively promote the digital transformation of green finance through digital products, operations, risk control and infrastructure. Based on domestic practices and results, it can be seen that strengthening data management and utilizing core technologies will be the way to achieve the digital transformation of green finance in banks. The article provides a more detailed analysis and discussion on the realization of the digital transformation of banks.

KEYWORDS

Green finance, Digital transformation, Profiling, Sustainable development

CITE THIS PAPER

Lujian Wang, Hanting Xu, Research on the Path of Green Finance to Support the Digital Transformation of the Banking Industry. Financial Engineering and Risk Management (2023) Vol. 6: 84-91. DOI: http://dx.doi.org/10.23977/ferm.2023.060210.

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