Author(s)

Huiling Yin

Corresponding Author

Huiling Yin

ABSTRACT

In the context of rapid development of emerging technologies, FinTech with artificial intelligence, blockchain, cloud computing, big data as the core technologies continue to promote financial innovation and improve the efficiency of financial services. But at the same time, it also makes financial risks more complex, which brings challenges to supervision. This paper will analyze the impact of FinTech on systemic financial risk from five aspects of innovation, development index, financial supervision, policy support and technology maturity of FinTech, and select 120 periods of data from January 2009 to December 2018 as samples to construct regression model for empirical test. The empirical results show that we should prevent the rise of systemic financial risk caused by the innovation of FinTech products in time, and at the same time, we should increase the financial policy support for FinTech and innovative financial supervision, which can effectively reduce the financial risk.

KEYWORDS

FinTech, Financial innovation, Systemic financial risk