Some Thoughts on Innovation and Regulation of Financial Technology: Taking Ant Financial Services Group as an Example

Zhuoying  Li

doi:10.54691/bcpbm.v13i.64

Authors

Zhuoying Li

DOI:

https://doi.org/10.54691/bcpbm.v13i.64

Keywords:

Financial Technology; Financial Regulation; Technological Innovation; Ant Financial Services Group.

Abstract

The recent years witness innovative development of financial industry, which attributes to fast progress and in-depth application of information technologies such as big data, artificial intelligence, and blockchain. But, at the same time, they bring challenges to financial regulation and accelerate rise of regulatory technology. Based on challenges to regulatory agencies brought by financial technology development, this study proposes suggestions for the coordinated relationship between financial innovation and financial technology regulation from the perspective of technology empowerment, in order to improve efficiency of financial markets, and reach a balance between financial technology and prevention of systemic financial risks.

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