Fintech is the digital economy in finance.

Fintech is defined as "technology-driven financial innovation" by the FSB (Financial Stability Board). However, this definition does not capture the essential characteristics of FinTech. As a result, the "China Fintech Innovation Development Index" defines Fintech as "the technology of the core elements of finance and its performance," reflecting that "the technology of the core elements of finance" is the essentialminer s19 pro characteristic of Fintech. The fundamental components of finance are data-driven information, credit, and risk. It is actually reflected in the process of digital economy development in finance.

In particular, the Internet economy stage in finance is reflected in the distribution of traffic or link resources, which brings big data and its related technology, and its essence is the repositioning of the information (data) element in finance, and its value to finance itself - the Internet economy stage "uncertainty reduction The function of "greater and more efficient, resulting in a plethora of new forms and characteristics of financial business. Most financial institutions are currently at this stage, and some forerunners have already crossed it. At this stage, fintech plays an enabling role for the majority of firms, i.e., it is a passive introduction of technology, replication of technology, and embedding of technology for these firms.

The digital economy stage is reflected in finance as a reshaping of the value of data, with a focus on reshaping processes and models, which necessitates the use of technologies such as artificial intelligence and blockchain to provide new analytical intelligence and organizational intelligence models and approaches, respectively. The value of financial institutions begins to manifest itself in the proactive exploitation of "uncertainty," transactional uncertainty, and shared uncertainty, culminating in a mapping of the knowledge economy's fundamental issues to finance: data resource allocation and value pathways.gtx 1080 ti mining A few pioneering financial institutions have entered this stage, and the role of FinTech at this point is to increase energy, i.e., enterprises take the initiative to apply FinTech.

Finance reflects the knowledge economy stage because data becomes a representation of resources, and the core of resources in finance is ownership, preference, and relationship mapping. When data can represent these resource cores, it means that the financial industry has been comprehensively knowledge-based and has successfully crossed social space-time and digital space-time, allowing financial knowledge-basedgtx 1080 mining to acquire value in both space-times simultaneously. The current stage of financial enterprise development makes it difficult to enter this stage, which necessitates both external institutional mechanisms and the enterprise's own endowment. At this point, FinTech adds capacity, transforming it into a direct value creation model.