Abstract
A review of the major characteristics of the big data era shows that the financing sector, as an information-intensive service industry, is stepping into the primary stage of the big data era. This is evident because the data characteristics and data processing requirements applied in the financing sector comply with the concepts and features of big data. This paper also verifies that in the future, the financing sector, especially the banking sector, will be distinguished by features of open-mindedness, digitization, high productivity, and scientific decision-making processes in the big data era. However, efforts will need to be made to face challenges from verified corporate cultures and various expertise in management and technology. This paper also suggests proper strategies for the financial sector in the big data era, providing practical guidance for financial service planning, and lays a consolidated foundation to explore theories of new finance.
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