fintech: Fintech is actually a compound word, which is the abbreviation of Financial technology. The literal translation of f in Chinese is "financial technology".

"Financial technology" comes from abroad. In the view of some financial technology companies, "financial technology" mainly uses innovative Internet technologies such as big data and blockchain for risk control and platform management.

Reasons for the popularity of fintech: The concept of "Fintech" is being favored by many Internet financial companies.

However, behind the enthusiasm, there is also the risk of regulatory arbitrage.

The Department of Legal Affairs of the Central Bank clearly pointed out that it is necessary to draw a clear line between Internet finance and Fintech. Fintech must cooperate with licensed institutions to engage in financial business, and put aside superficial attributes and conduct penetrating supervision based on business models.

The concepts of Internet finance and financial technology are relatively vague.

At present, Internet finance is subject to relatively strict supervision, and its valuation in the capital market is not ideal.

In 2016, the amount of money invested by venture funds in Fintech companies was decreasing. Judging from data and market performance, it seemed that the overall environment was cooling down.

But in fact, the number of early-stage FinTech investment deals is rising steadily.