The Impact of“Fintech+Financial Regulation”Matching Level on Financial Risk:Evidence from China

Preventing financial risk is an important topic that academic circles and the government have paid attention to for a long time.The development of fintech and the improvement of financial regulation will affect the level of financial risk.The relationship between the degree of matching between fintech and financial regulation and financial risk is explored,which is crucial for reducing financial risk.Panel data from 31 provinces in China from 2011 to 2020 is used to explore the impact of fintech and financial regulatory matching levels on financial risk.The study finds that the improved matching level between fintech and financial regulation helps reduce financial risk.The degree of matching between fintech and financial regulation affects financial risk through financial efficiency.

Empirical Analysis of the ESG and Financial Performance:Evidence from Chinese Technology Enterprises

To date,the concept of sustainable development has gained global attention from companies and investors.One important reason for this is the increasing interest of investors in incorporating environmental,social,and governance(ESG)elements into their investments.The purpose of this dissertation is to analyze the correlation between ESG factor performance and corporate financial performance in Chinese technology enterprises.Additionally,the study focuses on Internet and medical technology companies to ensure relevance.The findings of the study provide guidance on ESG investment and sustainability for both companies and individual investors.

Blockchain technology‑based FinTech banking sector involvement using adaptive neuro‑fuzzy‑based K‑nearest neighbors algorithm

The study aims to investigate the financial technology(FinTech)factors influencing Chinese banking performance.Financial expectations and global realities may be changed by FinTech’s multidimensional scope,which is lacking in the traditional financial sector.The use of technology to automate financial services is becoming more important for economic organizations and industries because the digital age has seen a period of transition in terms of consumers and personalization.The future of FinTech will be shaped by technologies like the Internet of Things,blockchain,and artificial intelligence.The involvement of these platforms in financial services is a major concern for global business growth.FinTech is becoming more popular with customers because of such benefits.FinTech has driven a fundamental change within the financial services industry,placing the client at the center of everything.Protection has become a primary focus since data are a component of FinTech transactions.The task of consolidating research reports for consensus is very manual,as there is no standardized format.Although existing research has proposed certain methods,they have certain drawbacks in FinTech payment systems(including cryptocurrencies),credit markets(including peer-to-peer lending),and insurance systems.This paper implements blockchainbased financial technology for the banking sector to overcome these transition issues.In this study,we have proposed an adaptive neuro-fuzzy-based K-nearest neighbors’algorithm.The chaotic improved foraging optimization algorithm is used to optimize the proposed method.The rolling window autoregressive lag modeling approach analyzes FinTech growth.The proposed algorithm is compared with existing approaches to demonstrate its efficiency.The findings showed that it achieved 91%accuracy,90%privacy,96%robustness,and 25%cyber-risk performance.Compared with traditional approaches,the recommended strategy will be more convenient,safe,and effective in the transition period.

Unleashing the Power of Multi-Agent Reinforcement Learning for Algorithmic Trading in the Digital Financial Frontier and Enterprise Information Systems

In the rapidly evolving landscape of today’s digital economy,Financial Technology(Fintech)emerges as a trans-formative force,propelled by the dynamic synergy between Artificial Intelligence(AI)and Algorithmic Trading.Our in-depth investigation delves into the intricacies of merging Multi-Agent Reinforcement Learning(MARL)and Explainable AI(XAI)within Fintech,aiming to refine Algorithmic Trading strategies.Through meticulous examination,we uncover the nuanced interactions of AI-driven agents as they collaborate and compete within the financial realm,employing sophisticated deep learning techniques to enhance the clarity and adaptability of trading decisions.These AI-infused Fintech platforms harness collective intelligence to unearth trends,mitigate risks,and provide tailored financial guidance,fostering benefits for individuals and enterprises navigating the digital landscape.Our research holds the potential to revolutionize finance,opening doors to fresh avenues for investment and asset management in the digital age.Additionally,our statistical evaluation yields encouraging results,with metrics such as Accuracy=0.85,Precision=0.88,and F1 Score=0.86,reaffirming the efficacy of our approach within Fintech and emphasizing its reliability and innovative prowess.

A Deep Dive into the Trajectory and Transformation of Fintech in Colombia Through the Case of PTM Colombia-A Secondary Publication

This research focuses on analyzing and understanding the evolution and impact of fintech companies in Colombia,using PTM Colombia as a case study,a company that has undergone a significant transformation from its beginnings as a provider of physical recharges to its current position.as a comprehensive platform for digital financial services.The current research uses a qualitative descriptive approach and emphasizes understanding the perceptions and experiences in the field of Fintech in Colombia,particularly in the case of PTM Colombia.The study revealed that adaptability and customer orientation have been fundamental in the evolution of PTM,allowing the company to expand its range of services by actively listening to the needs of its users and adjusting its strategies accordingly.In addition,an accelerated and diversified growth of Fintech will be observed in Colombia,particularly in sectors such as credit and payments,driven by a constantly advancing technological environment and a regulatory framework that,although it presents challenges,also offers opportunities for financial innovation.This growth has impacted the traditional banking sector,which,instead of being replaced by Fintech,is finding new forms of collaboration and coexistence that benefit both parties and,above all,the end consumer.In conclusion,the study highlights how Fintech in Colombia,represented by cases such as PTM,is redefining the financial landscape through the adoption of advanced technologies,collaboration with traditional banking,and strong customer orientation.

Fintech,regtech,and financial development:evidence from China

This study investigates the influence of fintech on developments in China’s financial sector across 290 cities and 31 provinces between 2011 and 2018.Using a two-stage least squares instrumental variable regression approach and correcting for cross-sectional dependency,simultaneity,and endogeneity of regressors,the results establish a positive link between fintech and financial development.Our findings show that fintech supports financial sector development by enhancing access(loans),depth(deposits),and savings within China’s financial institutions.We also show that the emergence of fintech in the area of financial regulation(regulatory technology:regtech)can significantly improve financial development outcomes.Therefore,it is imperative for regulators to pursue policies that balance growth in the fintech sector while mitigating the associated risks.In addition,we use the difference-in-differences approach to show that policy measures such as interest rates liberalization also positively impacted finan-cial development during the analysis period.In our conclusion,we suggest a policy framework for balanced fintech sector growth in developing countries.

Entrepreneurial, institutional and financialstrategies for FinTech profitability

Notwithstanding the emergence of FinTech startups in the financial services industry,most of these companies face significant difficulties in breaking even and surviving.This study examines the main managerial, institutional, and financial drivers of FinTechprofitability and the time it takes for these firms to break even. The database includesrelevant qualitative factors, such as foundational characteristics, the technologicalprofile of the startup, and its funding structure. Using the full population of FinTechstartups operating in Spain from 2005 to 2017, we observe that most of these firms areunprofitable within three years of their inception. Combining panel data and survivalanalyses, we empirically find that large and solvent FinTech firms founded by singleentrepreneurs in an incubator or accelerator program are more likely to be profitableand prevail. FinTech firms reach their break-even points faster if they receive fundingthrough seed capital.

Impact of Financial Technology on Regional Green Finance

Finance is the core of modern economy,and a strong country cannot do without the support of financial system.With the rapid development of economy and society,the traditional financial services can not support the increasingly large and complex economic system.As a brand-new format,financial technology can help the financial industry to restructure and upgrade.At the same time,as an international consensus,green development is the only way for China to achieve sustainable development.Therefore,it is of great practical significance to study the impact of finance on the regional development of green finance.Based on the essence of green finance development,fuzzy principal component analysis is used to build the green finance evaluation index system in this paper.Taking the data of three provinces and cities in the Yangtze River Delta from 2015 to 2019 as an example,QAP analysis is used to study the impact of financial tech-nology on the regional development of green finance.Research shows that expla-natory variables are highly significant,that is,financial technology has a significant role in promoting green finance.Finally,based on the research conclu-sions,this paper puts forward suggestions on how green technology can better promote the development of green finance from three aspects of top-level design,technical research and supervision.

The Fintech Revolution: An Opportunity for the West African Financial Sector

Fintech provides alternative solutions and business models that could render traditional banking processes obsolete. This paper assesses the opportunity that could be taken to West Africa by using Fintech’s financial system. It describes the current West African financial sector, the way of digitization settlement, and lastly, the financial market segments of Fintech. Financial sector creates a massive amount of data exploiting by Fintech companies that are using to segment customer populations, identify opportunities for new products and services and optimize pricing. In this segment, products may use data and analytics to computerize the decision- making processes. Innovative start-ups, retailers, established banks, card companies and other payment services providers are the Payment systems that underpin the services that enable funds to be transferred between people and institutions. For the financial system (banking), Fintech offers sustainable and realistic opportunities by enhancing the value proposition and driving sales, reducing operating costs, making easy access to loans, and lowering interest rates. After showing the advantages of using Fintech services, the findings are that Fintech could improve both financial services and access to services in the West African economy.

The influence of CEO’s financial literacy on SMEs technological innovation:the mediating effects of MCS and risk‑taking

Previous literature showed mixed results about the impact of CEOs’financial literacy(CFL)on small and medium-sized enterprises’(SMEs)innovation.This relationship can be motivated by relevant variables,which are missing in the previous literature and make a difference as mediators.In this sense,based on the theoretical framework related to upper echelon theory and resource-based view,this study focuses on the mediating effect of risk-taking attitude and management control systems(MCS)varia-bles.Empirical data from 310 SMEs gathered using a qualitative research questionnaire are analyzed using structural equation modeling methodology.Specifically,estimations are carried out considering the partial least square method.Findings show that MCS and managers’risk attitudes fully mediate the relationship between financial literacy(FL)and innovation.Between these two mediating variables,the implementation of MCS stands out because it also enables the mediating effect of CEOs’risk-taking in the CFL–technological innovation relationship.As the results do not support the significant direct relationship between FL and risk attitude,they confirm an indirect effect through MCS.Furthermore,based on the study findings,SMEs’directors and owners,business associations,and public authorities can improve SMEs’technological innovation by implementing training programs and policies to foster CFL.They can also acknowledge the interdependency between organizational factors and individual characteristics to enhance SMEs’technological innovation.

Research on Industrial Relevance Degree and Industrial Financial Situation Risk Matrix Construction——Based on Chinese Information Technology Industry

Based on Input-Output Table in 2010 issued by National Bureau of Statistics of China, with the help of input-output model and with the calculation of indexes of industrial relevance degree in Chinese information technology industry, the paper reveals the industrial relevance in Chinese information technology industry. The paper also selects the relevant industries which are highly associated with the development of Chinese information technology industry based on industrial relevance degree to analyze the influences of these industries on the financial situation risk fluctuation in information technology industry and to design the matrix of financial situation risk in information technology industry. Then, the paper offers countermeasures and suggestions for the development of our information technology industry.

Cooperative Governance Path of Financial Technology Supervision

Financial technology changes the logic of financial interpretation through the use of digital and digital centric technologies,commercialization,big data analysis,machine learning and artificial intelligence.From financial institutions that use technology to provide financial services to technology companies that directly provide financial services,fintech companies play an important role in realizing financial brokerage and financial democratization and improving the availability and efficiency of financial services.Based on this,this paper focuses on the plight and path of cooperative governance of financial technology supervision,for the reference of relevant personnel.

Information technology research and situation of corporate development financial management

to actively promote corporate financial management information technology is not only to explore effective ways to centralized management of enterprise funds, but also in strengthening corporate governance, deepening of enterprise reform. Standardizing the process of establishing a modern enterprise system is an important work. Especially with the deepening of the reform of state-owned enterprises and China＇ s accession to the WTO, and actively promoting financial management information technology, they not only help to strengthen internal financial management and financial monitoring. Thereby it can improve capital efficiency and achieve risk control, but also it has a very important practical significance and far-reaching strategic significance in enhancing the core competitiveness of Chinese enterprises to actively participate in international competition. This paper analyses the financial management of the enterprise information technology problems and also come up to speed up strategies of the corporate financial management information technology.

Research on the Application of Blockchain Technology in the Financial Field from the Perspective of The Belt and Road Initiative

With the continuous deepening of The Belt and Road Initiative development strategy in China,blockchain technology has been more and more widely applied in the financial field.In recent years,the overall operation situation of China’s financial sector is stable.However,with the reform of the economic system and the innovation of the financial sector,there are still many problems in China’s financial sector that need to be improved.With its application advantages,blockchain technology has solved many problems in the financial field.This paper analyses and discusses the application of blockchain technology in the financial field from the perspective of“The Belt and Road Initiative”.

Investigating the components of fintech ecosystem for distributed energy investments with an integrated quantum spherical decision support system

This study aimed to evaluate the components of a fintech ecosystem for distributed energy investments.A new decision-making model was created using multiple stepwise weight assessment ratio analysis and elimination and choice translating reality techniques based on quantum spherical fuzzy sets.First,in this model,the criteria for distributed energy investment necessities were weighted.Second,we ranked the components of the fintech ecosystem for distributed energy investments.The main contribution of this study is that appropriate strategies can be presented to design effective fintech ecosystems to increase distributed energy investments,by considering an original fuzzy decision-making model.Capacity is the most critical issue with respect to distributed energy investment necessities because it has the greatest weight(0.261).Pricing is another significant factor for this condition,with a weight of 0.254.Results of the ranking of the components of the fintech ecosystem indicate that end users are of the greatest importance for the effectiveness of this system.It is necessary to develop new techniques for the energy storage process,especially with technological developments,to prevent disruptions in energy production capacity.In addition,customers’expectations should be considered for the development of effective and user-friendly financial products that are preferred by a wider audience.This would have a positive effect on fintech ecosystem performance.

The Influence of Financial Technology on the Business of Commercial Banks and Measure Suggestions

With the continuous development and improvement of financial technology,commercial banks are facing huge impacts and challenges brought about by financial technology,but what follows is a huge opportunity for the transformation of commercial banks.Therefore,this research analyzes the four aspects of the impact of financial technology on commercial banks,and explores the challenges that financial technology brings to commercial banks’development strategies,traditional businesses,and business processes.For the measures taken,commercial banks need to improve the financial technology-related infrastructure,and improve the main functions of supervision technology and the transformation of cultural values.This research provides theoretical basis and implementation suggestions for the transformation of commercial banks through theoretical research.

Exploring the Development of Financial Inclusion in the Context of Financial Technology

The concept of inclusive finance was proposed and promoted by the United Nations in 2005 with the main purpose of providing services for those who lack good financial services while promoting the economic growth of family enterprises and eliminating social poverty as well as inequality.With the innovation of financial technology and its application in the field of financial inclusion,the new inclusive finance has shown strong vitality and great prospects in recent years.It provides certain ideas and directions for the development of inclusive finance in the banking industry.

基于空间溢出视角下金融科技对企业数字化转型的影响

金融科技是数字经济时代下前沿数字技术与传统金融融合的新业态.为研究金融科技对企业数字化转型的影响机制以及在空间上的影响变化表征,以2011—2021年中国沪深A股上市企业为研究对象,将企业数字化转型作为被解释变量,金融科技作为核心变量,采用普通最小二乘法和边际效应分析进行基准回归分析、稳健性检验、异质性检验和机制识别检验.实证研究发现,金融科技能够有效助推企业数字化转型.异质性检验发现,金融科技对于非国有企业、高科技企业以及东部地区企业而言有着更为显著的驱动力.机制检验发现,金融科技能够改善企业财务状况、优化企业风险配置,强化创新要素投入,进而促进企业数字化转型.不同区域之间的金融科技发展还能产生有效的协同作用,从而更好赋能企业加快数字化转型进程.研究结果对提高金融科技支持效率,切实推动企业数字化转型提供了初步的理论和经验证据.

A Brief Analysis of the Application of Information Technology in Financial and Economic Management

With the rapid development of network technology and information technology,China has successfully entered the information age.The development of information technology has penetrated into various fields and played a role in accelerating the growth of various industries.In the application and innovation of financial and economic management,informatization has not only created greater opportunities for development,but also significant challenges.It is urgent to make effective changes to further promote the development of financial and economic management.Therefore,the focus of this paper is on analyzing the current situation and importance of applying information technology in financial and economic management as well as proposing specific suggestions to assist financial enterprises in improving their information levels and enhancing their market competitiveness.

Does financial development moderate the link between technological innovation and environmental indicators?An advanced panel analysis

This study analyzes the role of financial development(FD)on the impact of technologi-cal innovation(TI)on six environmental quality indicators for the 25 economies that are part of the Organization for Economic Cooperation and Development for the period from 2000 to 2019.We use a two-step dynamic generalized method of moments approach to understand this relationship.The results show that FD augments the posi-tive effects of TI on four of the six environmental indicators,namely ecological foot-print,adjusted net savings,pressure on nature,and environmental performance.However,no significant effects on environmental sustainability and environmental vulnerability indices were found.When considering all of the environmental quality indicators,TI appears to enhance environmental quality.We find evidence to support the existence of the environmental Kuznets curve in the context of each environmen-tal indicator and economic growth.Moreover,FD and energy consumption appear to accelerate environmental degradation.Based on these results,FD should be viewed as an important parameter in designing policies for innovation to achieve the goal of net-zero carbon emissions.Highlights.Technological innovation and environmental quality nexus is studied.The moderating role of financial development is analyzed.Six different environmental quality indicators are used for OECD countries.Financial development intensifies the environmental benefits of innovation.•The EKC hypothesis is confirmed for all six environmental indicators.