1.2 Imminent Necessity To Evolve Global Financial Business Models

Currently, global financial markets face unprecedented challenges and pressure to evolve. Traditional financial business models are facing the impact of the digital age. Being conservative and rigid, they are unable to flexibly respond to complex market changes. Globalization and digital trends have made the market more complex and volatile. Traditional intermediary and trading models are becoming increasingly inadequate for the needs of this evolving era. Users expect more direct, efficient, and decentralized financial services which traditional business models often struggle to deliver due to cumbersome processes and high intermediary costs. Therefore, the transformation of global financial market business models is imperative to adapt to the development of the new era and meet user expectations.