Abstract: The digital transformation in finance has undergone the stages of internal digitalization within financial institutions and digital integration within industries. It is currently in the stage of integrating financial institutions with industrial digitalization, ultimately leading to the overall digitalization of the society. However, challenges persist in financial digitalization, including internal fragmentation in bank digitalization, uneven development of digitalization across industries and enterprises, significant information barriers between industries, and the need for improvement in institutional environments. Addressing these issues requires collective efforts from various sectors.
