Empirical study on the transformation and development of internet financial system based on spatial econometric model

The popularity of Internet technology has gradually become a new engine of economic transformation and upgrading. With the Internet thinking applied to the financial sector, the traditional finance's business philosophy, business mode and business structure have changed dramatically. In this paper, the author analyses the transformation and development of internet financial system based on spatial econometric model. Through the analysis of time series, we can see the difference of regional financial development and its influence on the economy and society.In the era of Internet finance, relying on the convenience and strong user base of network technology, commercial banks should focus on mining user needs, enhancing user experience and constantly realizing transformation of business and mode. At the same time, we should make use of big data, cloud computing and other technologies to improve the risk management methods.