scholarly journals Prevention of Internet Financial Risks in the Era of Digital Economy

2021 ◽  
Vol 4 (5) ◽  
pp. 38-44
Author(s):  
Yan Wang
Keyword(s):  
Big Data ◽  
Digital Economy ◽  
The Internet ◽  
Financial Risks ◽  
Financial Industry ◽  
Widespread Application ◽  
Credit Reporting ◽  
Financial Credit ◽  
Internet Finance ◽  
The Times

As a pillar in the development of China’s economy, the financial industry plays a key role in the production and life of residents. Along with the widespread application of the internet, internet finance has gradually emerged as required by the times, and in the achievement of the collection and extraction of big data, related analysis and exploration technologies have been emphasized more. However, in the context of big data technology, there are still risks of unsound laws, inadequate business publicity, user information security, and capital liquidity in internet finance. Under this digital economy era, this article attempts to discuss these risks, which need to be prevented from establishing a good internet financial system, strengthening interindustry exchanges and cooperation, building a unified internet financial information supervision platform, as well as optimizing the internet financial credit reporting system, so as to promote a healthy and sound development of the whole financial industry.

scholarly journals Research on Audit Supervision of Internet Finance

2020 ◽  
Vol 8 (1) ◽  
pp. 2
Author(s):  
Hua Liu ◽  
Sheng Ge
Keyword(s):  
Financial Institutions ◽  
Simulation Analysis ◽  
Rapid Development ◽  
Evolutionary Game ◽  
The Internet ◽  
Analysis Tool ◽  
Financial Industry ◽  
Financial Audit ◽  
Financial Credit ◽  
Internet Finance

Internet finance is a new form of finance that applies capacities found on the Internet to the traditional financial industry. However, at the present stage, internet finance is faced with many problems, such as overly rapid development and non-standard operation. This paper adopted the evolutionary game theory as the analysis tool to design an evolutionary game model of government audit supervision of Internet finance, and analyzed the evolutionary stability of the strategies used by Internet financial institutions and government financial audit supervision departments. A simulation calculation was carried out by placing the calculation experimental method “Scenario–Coping”, which simulated the initial probability of different strategies adopted by both parties of the game and evaluated the influence of changing the penalty intensity of Internet financial institutions’ violation on the outcome of the evolutionary game. Based on the simulation analysis, the paper provided policy suggestions on strengthening audit supervision and promoting its sustainable development from three aspects: strengthening the construction of the Internet financial credit information system, improving Internet financial laws and regulations, and improving the early warning level of Internet financial credit risk.

Precise clustering analysis of Internet financial credit reporting dependent on multidimensional attribute sparse large data

2021 ◽  
pp. 002072092110020
Author(s):  
Lingling Chen ◽  
Yuanyuan Zhang ◽  
Min Zeng
Keyword(s):  
Clustering Analysis ◽  
Large Data ◽  
Distance Matrix ◽  
The Internet ◽  
Relationship Matrix ◽  
Clustering Methods ◽  
Correlation Relationship ◽  
Credit Reporting ◽  
Financial Credit ◽  
Approximate Distance

Given that the traditional methods cannot perform clustering analysis on the Internet financial credit reporting directly and effectively, a kind of precise clustering analysis of internet financial credit reporting dependent on multidimensional attribute sparse large data is proposed. By measuring the overall distance between Internet financial credit reporting through the sparse large data with multidimensional attributes, the multidimensional attribute sparse large data are used to perform clustering analysis on the overall distance matrix and the component approximate distance matrix between the data, respectively. The correlation relationship between the Internet financial credit reporting under these two perspectives is taken into comprehensive consideration. Multidimensional attribute sparse large data pairs are used to reflect the comprehensive relationship matrix of the original Internet financial credit reporting to achieve clustering with relatively high quality. Numerical experiments show that compared with the traditional clustering methods, the method proposed in this paper can not only reflect the overall data features effectively, but also improve the clustering effect of the original Internet financial credit reporting data through the analysis of the correlation relationship between the important component attribute sequences.

Internet Finance

2017 ◽  
pp. 167-190
Author(s):  
Marta Vidal ◽  
Javier Vidal-García ◽  
Stelios Bekiros
Keyword(s):  
Financial Services ◽  
Information And Communications Technology ◽  
The Internet ◽  
Communications Technology ◽  
Financial Industry ◽  
New Developments ◽  
Technology Industry ◽  
Online Marketplace ◽  
Use Of Technology ◽  
Internet Finance

New developments in the Information and Communications Technology industry have substantially increased the importance of the internet over the last decade. As a result, the finance sector has developed its technological capability to be able to compete in an online marketplace with other financial services providers and to be able to serve their customer. This chapter examines the use of technology in the financial industry and the various factors associated with it, as well as introducing the reader to the main types of project initiators-contributor business relations in online crowdfunding.

Research on the Risk Characteristics and Regulation Paradigm of Internet Financial

2014 ◽  
Vol 687-691 ◽  
pp. 2011-2014
Author(s):  
Tian Xiong Liu
Keyword(s):  
Big Data ◽  
Financial Risk ◽  
Third Party ◽  
P2p Network ◽  
The Internet ◽  
Development Mode ◽  
Risk Characteristics ◽  
Internet Finance ◽  
Development Course ◽  
Financial Mode

Based on introducing the Internet finance and its development course, it combed the Internet finance related theory and analyzed the Internet financial P2P network model. The raised platform model has big data financial mode and third-party payment mode and development mode and puts forward the thinking of Internet financial risk and regulation.

scholarly journals Analysis on Internet Financial Business and Construction of Credit System

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Anzhi Yang
Keyword(s):  
Big Data ◽  
Supply Chain ◽  
Evaluation System ◽  
Mobile Internet ◽  
The Internet ◽  
Credit Evaluation ◽  
Supply Chain Finance ◽  
Industrial Chain ◽  
Internet Finance ◽  
Credit Evaluation System

Internet finance is a new emerging financial model, using the Internet as a platform, big data and cloud computing as the basis. Supply Chain Finance is the easiest way to enter Internet finance. The third-party companies or institutions can invest in Internet financial companies by integrating their industrial chain practices into designing the financial products to reduce credit costs and improve safety. At the same time, it will increase mobile Internet, big data and operational services. Also, it can make full use of the Internet financial platform to provide value-added services for higher and lower enterprise and consolidate the core status of the company in the industrial chain. However, an important issue that needs to be concerned during developing Supply Chain Finance is the construction of a system for credit evaluation. Due to the lack of a unified credit evaluation system, the development of the existing Supply Chain Financial companies suffers from difficulties. Many newly launched companies have difficulties operating due to the lack of a credit evaluation system. Therefore, proper and effective credit indicators are essential for the development of enterprises under Internet finance. From the micro perspective, it is conducive for enterprises to improve their credit under the constraints of indicators, and it can solve the problem of capital raising; from the macro perspective, it is conducive to the standardized development of China’s Internet finance and promotes the comprehensive economic development. Based on this, analyzing the model of Internet financial business and developing an enterprise’s credit index system is beneficial to the development of China’s Internet finance.

scholarly journals Development Status, Causes of Risks, and Risk Supervision Suggestions on Internet Finance in China

2021 ◽  
Vol 4 (5) ◽  
pp. 45-51
Author(s):  
Junxuan Ni ◽  
Haoxuan Ni
Keyword(s):  
Financial Services ◽  
Financial Risk ◽  
Financial Risks ◽  
Financial Industry ◽  
Financial Model ◽  
Healthy Development ◽  
Development Status ◽  
Financial Exclusion ◽  
Internet Finance ◽  
Risk Supervision

As a useful supplement to China’s financial system, the development of internet finance has promoted the innovation of financial model and injected strong vitality into the financial market. Internet finance provides customers with more convenient and fast financial services, effectively alleviates financial exclusion, and reduces information asymmetry. It is of great significance to promote the marketization of interest rate and the development of inclusive finance in China. However, internet financial risk events occur frequently, posing a serious challenge. Therefore, this research analyzes the causes of internet financial risks, and provides suggestions on internet financial risk supervision, so as to promote a healthy development of the internet financial industry in China.

Organizational Knowledge of Digital Economy in Transformation, in Big Data, and in Internet of Things

2021 ◽  
pp. 463-476
Author(s):  
Vardan Mkrttchian ◽  
Serge Chernyshenko
Keyword(s):  
Big Data ◽  
Internet Of Things ◽  
Expert Knowledge ◽  
Value Added ◽  
Organizational Knowledge ◽  
Digital Economy ◽  
The Internet ◽  
Specific Product ◽  
Business Partners ◽  
Place Of Origin

This article discusses issues related to organizational knowledge of the digital economy as expert knowledge for intelligent solutions in Transformation, in Big Data, in the Internet of Things. Applying as expert knowledge for intelligent solutions is a new term that describes the planning, search, production, distribution, and delivery of Mkrttchian digital avatars from the place of origin to consumption. This is very different from traditional ones because they are associated with specific product expertise that is generated using electronic data distributed on the Internet between business partners and value-added service providers operating in the general digital economy paradigm using blockchain technologies. The article focuses on analyzing business relationships and this integration into sustainable management systems.

Internet Finance

2020 ◽  
pp. 2035-2052
Author(s):  
Marta Vidal ◽  
Javier Vidal-García ◽  
Stelios Bekiros
Keyword(s):  
Financial Services ◽  
Information And Communications Technology ◽  
The Internet ◽  
Communications Technology ◽  
Financial Industry ◽  
New Developments ◽  
Technology Industry ◽  
Online Marketplace ◽  
Use Of Technology ◽  
Internet Finance

New developments in the Information and Communications Technology industry have substantially increased the importance of the internet over the last decade. As a result, the finance sector has developed its technological capability to be able to compete in an online marketplace with other financial services providers and to be able to serve their customer. This chapter examines the use of technology in the financial industry and the various factors associated with it, as well as introducing the reader to the main types of project initiators-contributor business relations in online crowdfunding.

scholarly journals Study on the Development Strategy of Ant Financial

2019 ◽  
Vol 10 (5) ◽  
pp. 262
Author(s):  
Ximeng Zhang ◽  
Myeong Cheol Choi
Keyword(s):  
Financial Services ◽  
Development Process ◽  
Developed Countries ◽  
Internet Banking ◽  
Internet Technology ◽  
The Internet ◽  
Financial Industry ◽  
Finance Industry ◽  
Advantages And Disadvantages ◽  
Internet Finance

Convergence of Internet technology and traditional financial industry has created a new field of Internet finance. Nowadays, China has a very large Internet user base and application market. With the application and development of the Internet, China has become one of the most developed countries that use Internet banking services and has the highest number of Internet finance users. Ant Financial is the first to enter the Internet financial market, and has now become a representative of China’s Internet finance industry due to its extensive layout and rich business. Most of the previous research has only studied a part of Ant Financial without an analytical framework. Therefore, this study intends to investigate the history, development process, and success factors of Ant Financial. The contents of this paper are as follows. First, the development process and the current situation of Ant Financial Services are expounded. Second, the advantages and disadvantages of the current development process are analyzed by the SWOT analysis technique. Through the comparison of the research results, the guiding opinions for the development of Ant Financial Services are proposed. Finally, summary of the success reasons and future prospects for development are presented.

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