Development and Risk of Internet Finance Based on Big Data

Abstract

With the continuous development of modern science and technology, many technologies have been improved or created by people, and Internet finance has also emerged as the times require. With the advent of the era of big data, Internet finance has ushered in a period of rapid development. Based on the way of big data and cloud computing, Internet finance has more efficient and convenient tools in data collection and processing. Based on this, this paper first introduces the basic concepts of big data and Internet finance, on this basis, analyzes the development advantages of Internet Finance relying on big data, and further analyzes the risks that Internet finance still faces during its development, including legal risk, business risk, credit risk and technology risk. Finally, based on the above analysis, this paper puts forward an innovative path of Internet finance development based on the background of big data. It is of great reference significance for the development of the Internet.KeywordsBig dataInternet financeRisk management