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2023 | Buch

FinTech and SupTech in China

verfasst von: Dawei Zhao, Jia Yuan, Wei Chen

Verlag: Springer Nature Singapore

Buchreihe : Contributions to Finance and Accounting

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SUCHEN

Über dieses Buch

This book starts from the application of technologies in financial institutions and financial regulators in

China, and defines the concept and connotation of FinTech and SupTech in the form of topics,

analyses the main problems in the development process, and discusses in depth the future

development and regulatory tendency of FinTech and SupTech.

In recent years, with the in-depth application and cross-domain integration of information technology

in the financial world, FinTech has rapidly developed and has been widely applied, which

brings us an important enlightenment: technical factors will bring fundamental changes for

the development of the modern financial industry. While improving financial efficiency, it has

an impact on the core financial problems such as information matching and mutual trust

solving, making it urgent to improve financial supervision capacity and regulatory efficiency

through information technology to effectively guarantee financial security. At present, many

Chinese financial institutions have applied technologies to their daily operations and

management, such as accurate customer identification, enhanced process tracking, intelligent

marketing, and product process transformation, so as to simplify financial service processes

and shorten service cycles. Meanwhile, the financial regulators in China, such as PBOC,

CBIRC, CSRC, have also applied technologies to the area of financial regulation, in order to

reduce the cost of regulation, and promote the efficiency and effectiveness of regulation.

In General, this book both pays attention to practical application and theoretical, which is a useful

reference book for theoretical research and practical work, and also helps readers to

understand the application of technologies in financial institutions and financial regulators in

China.

Inhaltsverzeichnis

Frontmatter

FinTech in China

Frontmatter
Chapter 1. Overview of FinTech
Abstract
Generally, FinTech refers to applying emerging technologies represented by Artificial Intelligence (AI), Blockchain, Cloud Computing, and Big Data in the financial sector. FinTech combines data and technology innovation with financial business scenarios.
Dawei Zhao, Jia Yuan, Wei Chen
Chapter 2. FinTech is Impacting the Financial Industry
Abstract
FinTech is impacting traditional financial businesses. Traditional financial institutions are innovating their business models by applying FinTech, represented by AI, Blockchain, Cloud Computing, and Big Data, for business model optimization. As a result, they simplify their business processes, improve their business efficiency, reduce costs, and increase their profits.
Dawei Zhao, Jia Yuan, Wei Chen
Chapter 3. The Rise of BigTechs in the Financial Market
Abstract
At an early stage, western media regarded Google, Amazon, Facebook, and Apple as “Four BigTechs” and later included Microsoft and referred to them as “Five BigTechs”. However, as time passes, the word “BigTech” is currently more often used to refer to large technology companies with a wide range of business scopes and massive influence in relevant markets. Pursuant to this definition, in China, several large Internet enterprises, including Alibaba, Baidu, Tencent, Etc., also fall into the scope of BigTech.
Dawei Zhao, Jia Yuan, Wei Chen
Chapter 4. Digital Currency
Dawei Zhao, Jia Yuan, Wei Chen
Chapter 5. Financial Consumer Protection in Fintech Field
Abstract
With the full integration of science and finance, modern information technologies, such as the Internet, Big Data, Cloud Computing, AI, and Blockchain, have been widely applied to the financial sector, and “technology plus” has injected a new driving force to achieve leapfrog development in finance.
Dawei Zhao, Jia Yuan, Wei Chen

SupTech in China

Frontmatter
Chapter 6. Overview of SupTech
Abstract
Comprehensive and in-depth integration of technology and the financial sector is producing profound changes to financial consumption. On the one hand, the 7 * 24 Internet-based and round-the-clock service channels and relatively low product thresholds have enhanced the availability of financial services in an unprecedented manner, significantly reducing the cost of financial services for financial consumers.
Dawei Zhao, Jia Yuan, Wei Chen
Chapter 7. Theoretical Issues and Concerns Around SupTech
Abstract
As discussed in Chap. 6, the practitioners, and academia have not yet established a comprehensive theoretical system for SupTech, leaving many fundamental theoretical issues unsolved. In particular, the connotation and scope of SupTech still in controversies and need further clarifies. Therefore, it is of great value and practical significance to clarify the fundamental theoretical issues of SupTech.
Dawei Zhao, Jia Yuan, Wei Chen
Chapter 8. SupTech Practices by Chinese Regulators
Abstract
While scientific and technological innovation injects new vitality into financial development, financial products become networked and digitalized, financial services increasingly fictitious, business boundaries gradually blurred, and the business environment increasingly open.
Dawei Zhao, Jia Yuan, Wei Chen
Chapter 9. Policy Suggestions for SupTech Development
Dawei Zhao, Jia Yuan, Wei Chen
Metadaten
Titel
FinTech and SupTech in China
verfasst von
Dawei Zhao
Jia Yuan
Wei Chen
Copyright-Jahr
2023
Verlag
Springer Nature Singapore
Electronic ISBN
978-981-9951-73-4
Print ISBN
978-981-9951-72-7
DOI
https://doi.org/10.1007/978-981-99-5173-4