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The Analysis of Internet Technology in Financial Industry

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DOI: 10.25236/edssr.2020.053

Author(s)

Kaisen Yao

Corresponding Author

Kaisen Yao

Abstract

This paper analyzes Internet technology in the financial industry in recent years. This paper introduces Internet finance concepts, including the foundations of Internet finance, the development status of Internet finance, and Internet finance's influence on traditional finance. In the basic concepts of internet finance, this paper explains the Internet finance business models and the significant characteristics of Internet finance; in the foundations of Internet finance, this paper analyzes the theoretical basis of the development of Internet finance, including the technological and the power foundation for the development of Internet finance; in the development status of Internet finance, this paper analyzes the development status of Internet finance in the U.S., Europe countries, and China, and compares their Internet finance development; in the influence of Internet finance on traditional finance, this paper explains how the Internet finance influenced the business structure of conventional financial institutions.

Keywords

Internet technology, Internet finance, Basic concepts, Foundations, Development status, Influence