It is through the use of various scientific and technological means to innovate the products and services provided by the traditional financial industry, improve efficiency and effectively reduce operating costs. FinancialTechnology, English for financial technology, referred to as Fintech, refers to the process of using modern scientific and technological means, especially information technology, to innovate and improve the services and products provided by traditional financial industry. This involves a series of technologies, including but not limited to big data, cloud computing, artificial intelligence, blockchain and so on. , used in payment and settlement, loan financing, wealth management, retail banking, insurance, transaction settlement and other fields to improve the efficiency, convenience and security of financial services.

Financial technology has a wide range of applications, including but not limited to the following aspects:

Big data finance: use big data technology to collect, store, analyze and visualize financial data, help financial institutions better understand market dynamics and customer needs, and optimize credit, investment and risk management decisions.

Artificial intelligence finance: With the help of artificial intelligence technologies, such as machine learning and natural language processing, automated and personalized financial services, such as smart investment, chat bots, credit scoring and risk management, can be realized.

Blockchain finance: Use blockchain technology to build a decentralized financial platform to realize transparent, secure and tamper-proof transactions, such as digital currency, cross-border payment and supply chain finance.

Quantitative finance: combining mathematical model and computer technology, analyzing and forecasting financial market, guiding investment strategy and risk management.