Abstract:With the deep integration of science and technology into industrial transformation, the technological innovation in China’s banking industry has reached a new level with growing capacity for innovation, relying on the “dual-wheel” innovation-driven development of business and technology. However, there are still problems and challenges for the technological innovation and development in China’s banking industry, such as concerns about the safety of key information infrastructure and high dependence on foreign sources for core technology. It is urgent to build a relatively complete, self-reliant, stable, and secure banking technology system. This study reviews the development process and main achievements of technological innovation in China’s banking industry, analyzes the major problems in the technological innovation and development in China’s banking industry from five aspects, including technological power, talent cultivation, data governance, organizational construction, and regulatory technology development, and further proposes comprehensive countermeasures, such as improving the innovation guidance policies, and enhancing the supplydemand matching mechanism for core technology.