What is Internet finance?

What is network finance? Internet finance is a new field that combines traditional financial industry with Internet spirit. The difference between Internet finance and traditional finance lies not only in the media used in financial business, but more importantly, financial participants are familiar with the essence of openness, equality, cooperation and enjoyment of the Internet. Traditional financial services have a series of characteristics such as strong transparency, high participation, good cooperation, low intermediate cost and convenient operation through the Internet, mobile Internet and other tools.

Theoretically, Internet applications involving generalized finance should be Internet finance, but not limited to payment to third parties, such as online asset management product sales, credit evaluation, auditing, financial intermediary, financial e-commerce, etc.

Network finance is not a simple combination of network and financial industry, but naturally adapts to new demands after the level of network technology such as secure mobile is familiar to users, especially after the acceptance of e-commerce. The development of Internet finance has gone through many stages, such as online banking third-party payment, personal loans and corporate financing. And the matching between the supply and demand sides of financing funds has gone deep into the core of traditional financial business.