Open AccessResearch on Innovation and Development of Financial Poverty Alleviation Model Promoted by Fintech
Author(s) -
Zhenqi Li,
Jiayi Duan,
Yuanjun Wang,
Mengqi Liu,
Ting Zhou
Publication year - 2022
Publication title -
frontiers in business, economics and management
Language(s) - English
Resource type - Journals
ISSN - 2766-824X
DOI - 10.54097/fbem.v3i2.278
Subject(s) - poverty , china , business , government (linguistics) , economics , finance , economic growth , political science , linguistics , philosophy , law
Although the traditional financial poverty alleviation model has provided great convenience and played a great role in China's targeted poverty alleviation to a large extent, the problem of information asymmetry between farmers, the government and financial institutions cannot be effectively solved. solve. Therefore, if new financial technologies such as blockchain, big data, and cloud computing can be flexibly applied to financial poverty alleviation, it will have a great boosting effect on consolidating the achievements of poverty alleviation. This paper mainly analyzes the defects of the traditional financial poverty alleviation model and the development prospects of the financial technology innovative financial poverty alleviation model, and finally summarizes and puts forward relevant suggestions.