Technology finance can not only innovate financial technology investment, but also guide various types of capital from the banking, securities and insurance industries as well as venture capital, to provide financing and financial services for science and technology-based enterprises.

According to the definition of the Financial Stability Board, fintech is based on a series of technological innovations such as big data, cloud computing, artificial intelligence, blockchain, etc., which are comprehensively applied to six major financial fields such as payment and clearing, lending and financing, wealth management, retail banking, insurance, and trading and settlement, and it is the mainstream trend of the financial industry in the future.

The technology involved in financial technology has the characteristics of fast updating and iteration, cross-border, mixed industry, etc. It is the superimposed fusion of cutting-edge disruptive technology, such as big data, artificial intelligence, blockchain technology, etc., with the traditional financial business and scenarios. It mainly includes four core parts: big data finance, artificial intelligence finance, blockchain finance and quantitative finance. Big data finance focuses on the acquisition, storage, processing analysis and visualization of financial big data.

Applications of Fintech

I. Maintaining National Financial Security

Financial security is an important part of national security, and with the rapid development of fintech, it will be easier to collect and analyze data in the financial market and reduce information asymmetry more. Trading and investment strategies based on artificial intelligence and big data can redefine the price discovery mechanism of the financial market, increase the speed of trading, promote the liquidity of the financial market, and improve the efficiency and stability of the financial market, and regulators can more efficiently analyze, warn and prevent systemic risks in the financial market.

Two, help China's financial industry to bend the road to overtake the car

Intelligent financial technology in financial technology, the use of big data and artificial intelligence technology to help the traditional financial industry to save labor costs, reduce the duplication of labor of employees. China's artificial intelligence technology research in some areas, such as algorithm research, has been at the forefront of the international community, with the help of this power to develop financial technology, more conducive to the combination of practical problems, and ultimately enhance the productivity of financial institutions.