Status and Regulation of the Fintech Industry

Abstract

Fintech is the cross product of the financial industry and the technology industry. With the development of society, financial digitization and technology finance have become the development trend. Electronic payment, p2p lending, Robo-Advisor and block chain technology four industries have formed a scale. The current fintech industry has become an important supplement to the economic system. However, due to the short development time, there are still challenges such as high risk points and difficult supervision. Based on the existing industrial scale and business capacity, the continuous integration of fintech industry and society has become a future trend. In the long run, fintech enterprises should give full play to their advantages in technology reserve, optimize and improve products, maintain industry self-discipline and reduce risks. The society and the government also need to keep objective and inclusive, increase talent reserve and industry support, maintain active supervision, promote the establishment of relevant laws and regulations, and maintain a good industry ecology.