• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
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HOME > Archive > 2025 > Volume 13 Number 1 (2025) >
JOEBM 2025 Vol.13(1): 137-141
DOI: 10.18178/joebm.2025.13.1.857

Revolutionizing Finance-Unraveling the Evolution from Traditional to Fintech

Sining Zhu
Leighton Park School, United Kingdom
Email: Zsl838383@outlook.com (S.N.Z.)

Manuscript received December 5, 2024; revised January 14, 2025; accepted February 22, 2025; published March 10, 2025.

Abstract—Financial Technology (Fin-Tech) promotes the innovation and change of the traditional financial industry through technological means to improve service efficiency and user experience. This paper analyzes the impact of Fin-Tech on banks, enterprises, households, and governments from multiple perspectives. Fintech helps commercial banks revolutionize their credit business model, improve operational efficiency, and bring new business opportunities. At the same time, it broadens financing channels for Small and Medium-sized Enterprises (SMEs), reduces financing costs, and enhances innovation. For households, fintech simplifies the borrowing and lending process, provides intelligent investment services, and optimizes the credit rating mechanism. The government, on the other hand, leverages fintech to implement accurate regulation and promote the universalization of financial services. However, fintech also brings cost challenges, risk management, and other issues, and needs to balance innovation and regulation. At the policy level, China has continuously adjusted its financial regulatory system in recent years, aiming to promote the healthy development of fintech. By learning from international experience, such as the “regulatory sandbox” mechanism, we are exploring a regulatory model that suits China’s national conditions, in order to realize a win-win situation between fintech innovation and financial market stability.

Keywords—Fintech, innovation and regulation, mobile payment, regulatory sandbox, risk management

Cite: Sining Zhu, "Revolutionizing Finance-Unraveling the Evolution from Traditional to Fintech," Journal of Economics, Business and Management, vol. 13, no. 1, pp. 137-141, 2025.

Copyright © 2025 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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