Author(s)

Jiaze Liu

Corresponding Author

Jiaze Liu

Abstract

The rapid development of FinTech is reshaping the pattern and operation mode of the traditional financial industry, but at the same time it also brings many challenges, especially in supervision. This paper aims to explore the legal framework and innovation path of FinTech supervision. First of all, this paper analyzes the current situation and characteristics of FinTech supervision system in various countries, and points out the challenges and shortcomings faced by the current supervision system. Secondly, the paper puts forward the key elements of establishing a legal framework that adapts to the development of FinTech, such as data protection, network security, consumer rights protection, etc., and discusses how to balance the relationship between financial innovation and risk management and control in the legal framework, and puts forward specific regulatory policy suggestions. Finally, the article discusses the innovation path of FinTech supervision, including establishing innovative supervision sandbox mechanism, promoting the application of supervision technology, and strengthening international supervision cooperation. Through the exploration and analysis of the legal framework and innovation path of FinTech supervision, this paper aims to provide reference for financial supervision departments and decision makers, promote the healthy development of FinTech industry, and ensure the stability of financial markets and the rights and interests of consumers.

Keywords

FinTech supervision; legal framework; innovation path