[20161123]IF10513_金融创新：“Fintech”.pdf

https:/crsreports.congress.gov Updated November 23, 2016Financial Innovation: “Fintech”Recent advances in the capability and use of digital technology are affecting the way many financial services are delivered by companies and used by consumers. Innovations in financial technologyor fintechpotentially could increase the efficiency and availability of financial services, but may involve potential risks. Congress and regulators may face questions about how the benefits should be balanced against the risks. This In Focus gives a broad overview of the issues commonly involved with innovative financial technology. It does not cover specific innovations in detail, but instead provides a framework for evaluating any innovation. Background Overview. “Fintech” usually refers to technologies with the potential to alter the way certain financial services are performed. Table 1 provides a few examples. Some sources indicate that more than 4,000 fintech companies operated in the U.S. and the UK in 2015, and more than $24 billion had been invested in fintech companies since 2010. These numbers do not include internal investments made by incumbent financial institutions. Table 1. Examples of “F