1, financial technology English translation for Fintech, is the abbreviation of FinancialTechnology, can be simply understood as Finance (finance) + Technology (technology), refers to the use of various types of technology means to innovate the traditional financial industry to provide products and services, improve efficiency and effectively reduce operating costs.

2. According to the definition of the Financial Stability Board (FSB), Fintech mainly refers to the emerging business models, new technology applications, new products and services driven by emerging cutting-edge technologies such as big data, blockchain, cloud computing, artificial intelligence, and other emerging technologies that have a significant impact on the financial market as well as the supply of financial services.