The Aggregation and Development of the Internet Digital Financial Industry Under the Background of Big Data

Abstract

Digital finance (DF) is a technology-driven financial innovation. Its rise has had an impact on financial business, making finance begin to break through the limitations of time and space. As the core content of the modern economy, the development of the financial industry provides important support for the healthy development of the real economy, the improvement of resource allocation efficiency, and the emergence and growth of emerging business formats. It plays an incomparable role in the development of our country’s national economy. As a product of financial development to a certain extent, financial agglomeration is an important symbol of high-quality financial development. As a hot topic in finance, DF and financial agglomeration have research enthusiasm and research significance. This article aims to study the agglomeration and development of the Internet digital financial industry under the background of big data. Based on the analysis of the characteristics of digital financial agglomeration and the effects of financial agglomeration, with the help of location entropy method, it analyzes the case of 5 regions in a certain region, sorts out the mechanism of digital finance in the region to promote the development of financial agglomeration, and provides a reference for the development of other regions. The case analysis results show that the development of DF in the region has a positive correlation with the degree of financial agglomeration, and the development of DF has promoted the deepening of financial agglomeration.