Walk into financial technology

Financial technology appeared more and more frequently in 20021,but it is undeniable that 20021was indeed a prosperous year for the financial technology market, and the financial technology investment was also extremely strong. A large amount of investment continues to flow into the field of financial technology, especially cryptocurrency, blockchain, wealth technology and network security technology. Financial service institutions also firmly grasp the opportunity to expand their daily business scope, expand the contact area of users and pay close attention to global investment opportunities by embedding banking, insurance and financial products. As a financial practitioner, you need to constantly consider how to create unique value for customers and investors. What can global financial institutions do through financial technology when they are under great pressure to reduce their dependence on the original infrastructure, improve the core system of banks and enhance the customer experience by using cloud technology?

It is reported that in 20021year, financial technology companies that can help enterprises master data and turn data into effective lending, insurance or anti-money laundering and anti-fraud decisions are very popular in the market, especially global private equity companies are more active in investing in financial technology companies, with an annual investment of more than 654.38+02 billion US dollars. Cross-border mergers and acquisitions of financial technology also rebounded strongly on 202 1, with active transactions. More and more attention has been paid to the modernization of bank substitutes and bank core systems.

The financial technology sector mainly includes payment technology, insurance technology, supervision technology, network security technology, wealth technology and blockchain cryptocurrency. Payment technology is unique in financial technology investment, attracting a lot of venture capital, especially in the field of buying first and paying later. It can be seen that with the wide application of digital and contactless payment technologies, real-time payment has become an important driving force for China and South Korea to invest in the Asian market. In terms of insurance technology, the United States is still a big investor in insurance technology, and some mature insurance technology companies in the United States hope to go public through IPO or special purpose acquisition. The insurance industry vigorously develops digital insurance, which is a customer direct selling solution that simplifies the complexity of insurance purchase and enhances customer experience. Digital distribution in the insurance industry is expected to grow again. Regulatory technology attracted a lot of investment in 20021,because diversified financial technology sectors promoted regulatory technology investment, anti-money laundering and payment systems poured into the regulatory technology field, and cryptocurrencies in the Asia-Pacific region fell sharply with China's total ban on cryptocurrency transactions. Both monetary authority of singapore and Hongkong Monetary Authority are encouraging the development and application of regulatory technology. In the future, regulatory technology will be widely used in privacy protection, fraud prevention and detection, and human resource management. Investment in network security technology doubled by 202 1 year-on-year. The reason is that investors' interest in network security technology has doubled, and they have realized the impact of many sabotage incidents and the use of malicious software. Investors have realized that with the significant increase of cloud computing activities and digital transactions, they must pay attention to the network security platform, carry out security development and operation maintenance, and the network security technology based on the platform needs more attention. With the rapid development of wealth technology, people are looking for wealth management business extensively, especially in the field of high net worth investment. Some older financial institutions incorporate asset management and wealth distribution into the business permitted by existing banking licenses to promote value enhancement. The blockchain of financial technology and cryptocurrency really set a new investment record in 202 1, but the attitudes of different regions are completely different. Take China as an example. After China banned cryptocurrency trading in the first half of 20021,it completely banned bitcoin mining in the second half of the year, and prohibited banks and other institutions from providing services to facilitate cryptocurrency trading. Various regulatory agencies have also implemented clear rules and regulations on cryptocurrency activities to promote the stable use of money.

Financial technology is a huge discipline, and banks are only a small part of IT, but banks are not stuck in financial technology, but are trying to solve their dependence on outdated technology and traditional IT. I hope that in the near future, banks can use financial technology services in the whole chain.