The Development of Financial Science and Technology Based on Matrix Algorithm and the Digital Strategic Transformation of Commercial Banks

Traditional banking financial institutions actively use financial technology to promote business process and product innovation, which has become an important direction of banking development in the current situation in our country. Faced with the dilemma in the digital transformation of credit business, commercial banks need to improve from strengthening data governance, building a strong team of financial science and technology talents, establishing an effective fault-tolerant and error-correcting mechanism, and continuously optimizing credit risk control model to realize the development and transformation of credit business. Based on the matrix algorithm, this paper designs two dimensions to analyze the direction of corporate strategic transformation of commercial banks driven by financial technology, and constructs a strategic selection model for commercial banks. On this basis, the paper gives the feasible strategies for the digital transformation of commercial banks based on financial technology.