What does Internet finance mean?

Internet finance, abbreviated as ITFIN in English, refers to the cooperation between financial institutions and Internet enterprises in the traditional sense, and the use of information communication and the Internet to achieve financial intermediation, investment, payment and financial information intermediary services. In China market, Internet finance belongs to a new financial business model.

The Development Prospect of Internet Finance

With the arrival of the "internet plus" era, the application of Internet technology in traditional enterprises has become an irresistible trend, and Internet financial talents have also become the focus of competition among various industries and enterprises. Therefore, from the perspective of overall development, the development prospects of Internet finance are very good. In the actual economic market, Internet finance is a relatively frontier emerging field. In general, Internet finance needs to rely on big data and cloud computing technologies, and it needs a functional financial format and its service system formed on an open Internet platform. In real life, the main function of internet finance is to promote the development of small and micro enterprises and expand employment opportunities. To a certain extent, Internet finance has played an irreplaceable positive role in traditional financial institutions.