Abstract
An innovative financial risk early warning model based on the Internet of Things (IoT) big data technology is proposed to maintain the long-term stable development of Internet finance. The Internet credit finance is introduced, a financial risk identification method based on the big data technology is proposed, and a risk assessment method for Internet finance based on back propagation neural network (BPNN) is put forwarded in this study. The actual Internet financial data is selected for verification and analysis. The results reveal that the identification and prediction model of Internet credit finance risk based on big data technology can realize risk analysis of online credit in the Internet credit finance, and can give corresponding credit ratings to new customers on credit platforms. The training error is the lowest when the number of hidden layer nodes is 14; and the training error is the smallest when the learning rate is 0.06; Based on the BPNN, it can accurately assess the financial risks of the Internet credit platform, and the accuracy of its risk level prediction has reached 100%. This study can provide a theoretical basis for the application of IoT big data technology and neural network models in the financial field, and also give an important reference for the risk management of Internet finance.
Highlights
With the continuous development of the third technological revolution, the Internet has gradually integrated into various fields
The emergence of Internet finance has brought about tremendous changes in the boundaries of the financial industry [1, 2]
The network credit finance has developed rapidly, which reflects that the financial industry has great potential in combination with the Internet, can break the traditional time and geographical constraints, and shows the freedom of finance [3]
Summary
With the continuous development of the third technological revolution, the Internet has gradually integrated into various fields. The emergence of Internet finance has brought about tremendous changes in the boundaries of the financial industry [1, 2]. The network credit finance has developed rapidly, which reflects that the financial industry has great potential in combination with the Internet, can break the traditional time and geographical constraints, and shows the freedom of finance [3]. The risk early warning and evaluation of Internet credit finance has become a hot topic, aiming to solve above problems.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
