Digital Transformation in the FinTech Sector

摘要

This paper mainly analyzed the specific application of fintech technology in different aspects, and the changes this emerging technology can bring to people's lives. In terms of the payment system, the formation of oligopoly may lead to serious uneven market competition. Although clients with personal advisers are less likely to trust the services of robots, robo-advice can provide better investment advice to ordinary people and expand the benefit group. For P2P lending, this is a new lending model, eliminating the tedious steps and high fees of the middleman. Virtual currency as an original application of blockchain is the financial derivative that threatened the financial money investment market. The author explained how to benefit more consumers through fintech technology, and the progress of technology enables customers of different classes to have better service experience. The digitalization process of financial services promotes economic development and can provide customers with more inclusive and professional financial services. Fintech has gradually changed the pattern of the financial industry, gradually weakened the role of financial intermediaries, and created a new operating system.