What is digital finance?

Digital finance refers to a new generation of financial services combined with traditional financial services through the Internet and information technology.

According to the industrial structure of Analysys think tank, digital finance includes Internet payment, mobile payment, online banking, financial service outsourcing and online loans, online insurance, online funds and other financial services.

The main characteristics of digital finance: analysis and audit of data and figures.

What is the difference with traditional finance?

Traditional finance is actually familiar to everyone. Before we handled banking business, we generally needed to go to offline banking outlets, buy stocks to open accounts, and also need to go to offline sales departments. These can basically be classified as traditional finance.

So what's the difference between digital finance and traditional finance?

Simply put, it is to add an internet to the traditional financial model, which is internet finance, that is, digital finance in a narrow sense. Coupled with emerging digital technologies, such as artificial intelligence and blockchain, this is digital finance in a broad sense. For example, digital currency, the Central Bank of China, and the previous experiments in Suzhou and Shenzhen are a new type of digital finance.