Issues and Countermeasures in the Development of Financial Technology (Fintech)
It is necessary to improve the supervision of the regulators; increase the popularity of financial inclusion and personalization of financial products; strengthen the implementation of the Data Protection Act, data protection, technology update and consumer education; and improve the efficiency and accuracy of the business.
Abstract
The background of this thesis is based on the rapid development of today's financial technology in the world macroeconomic system, the overall efficiency of the financial industry, business accuracy and so on has been significantly improved but in this process still produces some problems. This thesis provides an objective analysis and gives corresponding suggestions to the existing problems. The paper mainly covers the four dimensions of policy changes at the global level, security of personal information, market competition, financial exclusion and inclusion, and market monopoly by industry giants. The basic logic of the paper is used to break down and analyse the problems, and finally concludes that it is necessary to improve the supervision of the regulators; increase the popularity of financial inclusion and personalization of financial products; strengthen the implementation of the Data Protection Act, data protection, technology update and consumer education; and improve the efficiency and accuracy of the business.