scholarly journals An Analysis of the Impact of Financial Technology on the Development of Internet Finance

2020 ◽  
Vol 9 (2) ◽  
pp. 126
Author(s):  
Jiahe Liu ◽  
Shipu Huang
Keyword(s):  
Financial Management ◽  
Rapid Development ◽  
Modern Technology ◽  
Electronic Payment ◽  
Financial Industry ◽  
Silver Standard ◽  
Internet Finance ◽  
Faster Development ◽  
The Impact ◽  
Financial Technology

<p>Nowadays, with the continuous development of modern technology, technologies such as blockchain, artificial intelligence and big data have promoted the rapid development and transformation of my country's traditional financial industry. From the traditional gold and silver standard and bank notes, to the rapid rise and development of electronic payment, mobile payment, digital currency and wealth management, China's Internet finance has achieved better and faster development. This article mainly studies the relative impact of fintech on the development of Internet finance, and aims to make better use of fintech for financial management, to promote the better execution efficiency of financial-related circulation, and to promote the development of China's financial industry, which is also more informatized, modernized and intelligent.</p>

scholarly journals Analysis on the Change of Financial Management Mode under Internet Finance

2021 ◽  
Vol 275 ◽  
pp. 01014
Author(s):  
Jia Liu
Keyword(s):  
Economic Development ◽  
21St Century ◽  
Financial Management ◽  
Rapid Development ◽  
Management Mode ◽  
The Internet ◽  
Financial Industry ◽  
Internet Finance

Economic development in the 21st century in the 21st century, the wealth in the people’s hands has been accumulated continuously, and the increase of the wealth in the people’s hands has also promoted the emergence of new industries ——— financial management in our country. Because of the rapid development of Internet in China, all kinds of industries begin to combine with the Internet, and the financial industry is no exception. The combination of financial industry and Internet has produced the hottest industry ——— Internet finance in China. Internet finance not only brings innovation to the traditional financial industry, but also makes the financial management mode of our country change dramatically.

scholarly journals Factors and Benefits that Affect Lender's Interest in Giving Loans in Peer to Peer (P2P) Lending Platform

2021 ◽  
Vol 12 (2) ◽  
pp. 121-130
Author(s):  
Christiana Fara Dharmastuti ◽  
Jonathan Laurentxius
Keyword(s):  
Sampling Technique ◽  
Complete Information ◽  
Peer To Peer ◽  
Direct Impact ◽  
Financial Industry ◽  
Moderator Variable ◽  
P2p Lending ◽  
The Impact ◽  
Credit Analysis ◽  
Financial Technology

Financial technology (fintech) is a combination of the financial industry and technology. One of the uses of fintech is the Peer to Peer (P2P) lending platform, which is a funding channel. This platform is an investment alternative that can increase borrowers' and investors' prosperity. However, P2P also has a high risk that must be considered. Lenders or investors must conduct a loan application feasibility study before giving a loan. The research examined the impact of Character, Capital, Capacity, Collateral (4C) and the benefits that lenders received, as well as the benefits of fintech on lenders' interest in placing their funds on the P2P lending platform. Data were obtained from questionnaires distributed to P2P lending users. The sampling technique was purposive sampling. The total number of respondents who returned the questionnaire was 70 respondents. However, only 53 data could be used in the research. Then, the data were analyzed using Moderated Regression Analysis (MRA). The results show that the 4C factors do not significantly affect the lenders' interest in giving loans. Meanwhile, the benefits and fintech have a significant direct impact. Fintech cannot act as a moderator variable in this model. P2P companies must provide complete information and credit analysis regarding borrowers' conditions to reduce lenders' potential risk.

scholarly journals The impact of Internet finance to commercial banks in China

2021 ◽  
Vol 6 (1) ◽  
pp. 29
Author(s):  
Meng Wu
Keyword(s):  
Information Technology ◽  
Business Model ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Rapid Development ◽  
Network Technology ◽  
Customer Data ◽  
Internet Finance ◽  
The Impact ◽  
Industry Experience

In recent years, network technology, information technology and data processing technology have become the basis of the competition of Internet financial institutions. With the rapid development of the electronic platform, the accumulation of massive customer data information, Internet finance has a more and broader range of customer resources than that of a single bank. These advantages of Internet finance will have a significant impact on commercial banks. The traditional banks have a mature business model and rich industry experience in finance. Internet finance and traditional commercial banks interact with each other. In this case, this paper will focus on the influence of Internet finance on traditional commercial banks in China.

scholarly journals The Role of Financial Technology in The Creative Industries in Indonesia

2020 ◽  
Vol 1 (2) ◽  
pp. 23-26
Author(s):  
Nono Heryana ◽  
Rini Mayasari ◽  
Rudi Aprianto
Keyword(s):  
Financial Services ◽  
Rapid Development ◽  
Modern Technology ◽  
Creative Industries ◽  
The Internet ◽  
Creative Industry ◽  
Use Of Technology ◽  
Modern Era ◽  
Financial Technology

In the modern era, the use of technology is growing rapidly to obtain information and various other electronic services, many people who already use technology, especially the internet to facilitate their work. Seeing the rapid development of the internet has given rise to various innovations, especially financial technology to meet the various needs of the community including access to financial services and transaction processing. Fintech (Financial Technology) is an innovation in the financial sector that refers to modern technology used to transact, check deposit rates, transfer funds, and perform various other financial services. The creative industries are an industry that utilizes the creativity and skills of individuals use as goods of value. The purpose of this study is to determine the role of financial technology and its constraints in the creative industry in Indonesia. The existence of innovation and creativity that arises in the community, making the creative industry is an essential role in the development of a regional economy. The research method used in writing this article is descriptive qualitative. Thus, qualitative research only describes responses to situations or events so that it does not explain causality or do hypothesis testing.

scholarly journals OPPORTUNITIES AND CHALLENGES OF APPLYING BLOCKCHAIN TECHNOLOGY AT AIRPORTS

2021 ◽  
Author(s):  
Marija Stojanović ◽  
◽  
Nikica Radović ◽  
Angelina Njeguš ◽  
◽  
...  
Keyword(s):  
Financial Management ◽  
Identity Management ◽  
Personal Data ◽  
Modern Technology ◽  
Tourism Industry ◽  
Loyalty Programs ◽  
Blockchain Technology ◽  
A Chain ◽  
Airline Tickets ◽  
The Impact

The outbreak of the Covid-19 pandemic has attracted more attention and highlighted the value of public health as well as the need for safe travel. When it comes to the tourism industry affected by the pandemic, the current global situation requires market transformation and innovation in the function of renewing tourist travel. Blockchain technologies in air transport are directing their business solutions towards the most promising opportunities and possibilities of application of this modern technology, now with a focus on overcoming the impact of the Covid-19 pandemic on business in the tourism industry. Blockchain-based applications have the potential to improve the user experience in the process of tracking luggage and goods, tracking the health of passengers, managing digital currency for the purchase of airline tickets, passenger identity management, loyalty programs, and more. Blockchain technology has already found application in financial management, storage and management of our personal data and information through a chain that is interconnected in time as a distributed book that records transactions between the parties involved, securely and permanently. This paper aims to present the possibilities of Blockchain technology and contribute to raising awareness of the great potential of application in the business of the airport within the tourism industry.

scholarly journals Data Storytelling with Dashboard: Accelerating Understanding Through Data Visualization in Financial Technology Company Case Study

Jurnal METRIS ◽  
2021 ◽  
Vol 20 (1) ◽  
Author(s):  
Ferdian Suprata
Keyword(s):  
Decision Making ◽  
Data Visualization ◽  
Rapid Development ◽  
Data Driven ◽  
Decision Making Process ◽  
Business Practices ◽  
Context Data ◽  
The Impact ◽  
Financial Technology

In the rapid development many organisation rely on context data to support as well as to assist its decision making process. Consequently, Business Intelligence (BI), Dashboard, and Data Visualization emerged as primary tools in early 1990s as a way to help practitioners, data analyst, and data scientist to present context data into an actionable information for decision making process. However, despite its robust and powerful tools, recent study done by Kaggle’s survey in 2017 resulted that in the last five years, many companies were not able to create effective data-driven dashboard due to complex dataset, poor dashboard design, and insufficient storytelling. Hence, understanding of who is going to use dashboard, choosing which data and metrics to visualize in the right context, knowing how to convey information, driving engagement, and persuading audiences are essential in current business practices. This study is aimed to help practitioners to understand the impact of effective dashboard can have on decision making process, to design leveraging dashboard, and to present the dashboard in storytelling. A literature study is performed to gather all relevant information resulted in guidelines for dashboard creator. Case study in financial technology company is applied to experiment and to test the guidelines for assisting dashboard creator to present data-driven insight to the stakeholder.

scholarly journals Rewolucja technologiczna a konkurencja w sektorze finansowym

Studia BAS ◽  
2020 ◽  
Vol 3 (63) ◽  
pp. 43-59
Author(s):  
Janina Harasim
Keyword(s):  
Mobile Technology ◽  
Rapid Development ◽  
Market Value ◽  
Financial Sector ◽  
Modern Technology ◽  
Financial Inclusion ◽  
Barriers To Entry ◽  
Long Term Impact ◽  
The Impact

The rapid development of modern technology and the increasing number of FinTechs can bring new competition challenges to incumbents. First, the author identifies the most important technologies implemented in the financial sector, such as artificial intelligence, machine learning, APIs, cloud computing, mobile technology and DLT. Next, she analyses BigTechs’ customer-centric platform-based business model and its impact on competition in the financial sector. The expansion of BigTechs into finance should lower the barriers to entry by reducing information and transaction costs, and thereby enhance financial inclusion. However, the long-term impact could be negative as BigTechs can exploit their market power to increase user switching costs and/or to exclude potential competitors. The impact of smaller FinTechs on competition seems to be more beneficial as they rather collaborate than compete with incumbents (especially with banks) while bank – FinTech alliances aim at improving the prospects and the market value of both FinTechs and banks.

FinTech's Interpretations and Tunisian Ecosystem Analysis

2021 ◽  
pp. 167-190
Author(s):  
Fatma Bouaziz ◽  
Amira Sghari
Keyword(s):  
Central Bank ◽  
Financial Institutions ◽  
Communication Technology ◽  
Financial Services ◽  
Rapid Development ◽  
Digital Technologies ◽  
Financial Industry ◽  
Loyalty Program ◽  
Information And Communication ◽  
Financial Technology

The evolution of information and communication technology (ICT) affects all areas of activity including the financial industry. Indeed, it leads to rapid development of innovative and modern financial services, namely financial technology (Fintech). The latter is not well defined in the literature. This descriptive chapter aims to propose a comprehension of the Fintech concept based on three interpretations: Fintech as financial services relying on digital technologies, Fintech as startups and IT companies, and Fintech as an industry. An analysis of the components of the Tunisian Fintech ecosystem is then presented. The latter is mainly composed-of Central Bank of Tunisia, fintech startups (financing, payments, loyalty program, blockchain and cryptocurrencies, exchange services and insurance, and technology, IT, and infrastructure), technology developers, traditional financial institutions, and financial customers.

scholarly journals The Influence and Application of Artificial Intelligence &Blockchain on Financial Service

2018 ◽  
Vol 9 (3) ◽  
pp. 45-54
Author(s):  
Shu-Han Chang ◽  
Chien-Ping Shih
Keyword(s):  
Artificial Intelligence ◽  
Technology Development ◽  
Rapid Development ◽  
Science And Technology ◽  
Financial Service ◽  
Financial Industry ◽  
Service Model ◽  
Mobile Payments ◽  
Technology Industry ◽  
Financial Technology

Abstract The advances in science and technology have benefited many industries. In recent years, we have witnessed the rapid development of financial technology. All of them worked hard in this area, such as Amazon, UPS, and Wal-Mart International. In China, leading e-commerce platforms such as Alibaba and Tencent actively provided services to SMEs in their ecosystems; Taiwan also make efforts to develop it. The emergence of networking account scientific and technological AMIS provides various payment companies, lending platform, financial robots. Although Taiwan’s innovation industry faces many restrictions on its development, it will still go through it. Therefore, Taiwan has continued to update laws and regulations related to financial technology. The latest rule “Financial Science and Technology Development and Innovation Experiments Regulations” regards the development of Taiwan’s financial technology. FinTech has gradually replaced the traditional financial service model. Through mobile payments, cloud platforms, and artificial intelligence, the technology industry has gradually penetrated into the financial industry. We are willing to make more progress in Taiwan’s financial technology to deepen the understanding of FinTech as a study.

scholarly journals Research on Financial Risks of Robo-Advisor Platforms

2020 ◽  
Vol 218 ◽  
pp. 01035
Author(s):  
Ruilin Liu
Keyword(s):  
Artificial Intelligence ◽  
Capital Market ◽  
Financial Management ◽  
Management Model ◽  
Financial Risks ◽  
Urgent Problem ◽  
Development Status ◽  
Internet Finance ◽  
Investment Process ◽  
Financial Technology

With the vigorous development of China’s Internet finance and financial technology, Roboadvisors have become more and more popular among investors. This new investment and financial management model that relies on Internet platforms, artificial intelligence, quantitative trading technologies will have a greater impact on the capital market once the financial risks caused. How to standardize the Robo-advisory platform, effectively control the financial risks in the investment process and protect the interests of investors is an urgent problem in the Robo-advisory industry. Firstly, this article analyzes the development status of domestic Robo-advisory platforms. Then it puts forward suggestions on how the Robo-advisory industry can face the dual pressures of survival and profit in the context of stricter supervision by analyzing various financial risks and causes of the platform. It aims to promote the sound development of the investment advisory market in the context of financial technology.

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