What are the issues that need to be paid attention to in the development of fintech?

At the JDD-2017 Jingdong Financial Global Data Explorers Conference held on Nov. 6, the head of Tsinghua University's National Institute of Financial Research reportedly said that fintech's impact on traditional banks is disruptive, and that the impact has already been felt, although it has just begun.

The report said the head said that fintech has actually increased competition in the financial sector, which has been liberalized over the past 100 years, including since the 1980s. The proportion of finance in the national economy has a clear trend of rising, the development of fintech can promote financial services to the real economy, an important embodiment of the unit cost of credit can not be reduced.

Secondly, the development of financial technology, whether it can be conducive to reducing financial risks. Some people say that the current financial system is a combination of public and casino banks, financial services have a part like the tap water, like the gas company, is a necessity of our lives, must stabilize the operation of the service, so the need for government supervision.

Finally the development of financial technology, is not able to truly change the financial institutions, increase competition in the financial industry, improve the overall efficiency, reduce the cost of serving the real economy, this is what we have to think about the development of financial technology, the next ten years, the development of financial technology will be in the privacy and security of big data, as well as the public **** attributes of the big data between the balance of the public **** policy How to balance between the two is an important aspect that will affect the future development of fintech.

I hope that fintech can develop rapidly!