The Development Trend and Comparison of Chinese and American Financial Technology

Abstract

As a role of value circulation, finance is the allocation of transboundary resources in the uncertain environment [1]. However, there are many problems during the process of traditional allocation. Financial technology can accelerate the solution of traditional financial problems. China and the United States have a great influence on the global economy in the development of financial technology. This paper compares the similarities and differences of financial technology in China and America to get the focus and growth area for Chinese financial technology. It begins with the background of financial technology development in China and the US. Then it discusses Sino-US common financial technology development. In addition, it analyzes three drive technology’s appliances, which is big data, artificial intelligence and block chain. Finally it comes to their development suggestion. China should find the innovative way to develop financial technology and improve its regulation.