Abstract
The development of financial technology (FinTech) has an important role in the present economy. It not only drove overall economic consumption through innovative service models and financial tools, but also helped people return to a normal rhythm of life to a certain extent during the COVID-19 epidemic by helping offline operations shift to online services, online offices, online teaching, and other innovative approaches. In addition, it plays a very important role in social governance and promotes social stability. This paper focuses on analyzing the impact of FinTech on industrial structure, upgrading in consumption structure and social governance, and argues that society, government and the market need not only to develop and apply FinTech correctly, but also to implement development policies according to local conditions. In this way, it can better play its positive role in promoting economic development, and at the same time, it is also necessary to strengthen supervision and regulation to prevent the growth of undesirable behavior.
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 callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
