Open AccessSome Thoughts on Innovation and Regulation of Financial Technology
Author(s) -
Zhuoying Li
Publication year - 2021
Publication title -
bcp business and management
Language(s) - English
Resource type - Journals
ISSN - 2692-6156
DOI - 10.54691/bcpbm.v13i.64
Subject(s) - fintech , financial innovation , business , finance , order (exchange) , witness , financial regulation , balance (ability) , financial services , balance sheet , computer science , medicine , physical medicine and rehabilitation , programming language
The recent years witness innovative development of financial industry, which attributes to fast progress and in-depth application of information technologies such as big data, artificial intelligence, and blockchain. But, at the same time, they bring challenges to financial regulation and accelerate rise of regulatory technology. Based on challenges to regulatory agencies brought by financial technology development, this study proposes suggestions for the coordinated relationship between financial innovation and financial technology regulation from the perspective of technology empowerment, in order to improve efficiency of financial markets, and reach a balance between financial technology and prevention of systemic financial risks.