What is the significance of fintech if it is viewed in the 5G era?

5G has three application scenarios: high bandwidth, high reliability, low latency, and massive Internet of Things, which can enable people and things and things to always maintain network connections, truly enter the era of the Internet of Everything, and profoundly change every corner of human society. <>

For the financial industry, it is inherently characterized by massive data, real-time interaction, and business networking. In particular, the emergence of Internet finance has greatly optimized the original financial service model and experience, and has had a profound impact on the product form, service model and sales channels of financial services with the characteristics of the Internet. Finance and technology have always been closely linked, and what impact will the breakthrough and innovation of 5G technology have on the financial industry in the future?

Shorten the financial transaction process and promote the popularization of artificial intelligence in the financial industry. One of the most praised aspects of 5G technology is its fast speed, with a peak rate of up to 10Gbps, a latency as low as 1ms, and a connection of up to 1 million terminals. At the same time, artificial intelligence such as robo-advisors has been applied to the financial industry, and in the future, driven by 5G technology, the application of artificial intelligence in the financial industry will become more popular.

The collection of financial data will increase exponentially. Due to the unique characteristics of the 5G network of interconnection of all things and fast speed, the future financial industry will show an explosive growth in the collection of data, and technical personnel can analyze the natural attributes and economic behaviors of enterprises and individuals through massive data, and at the same time will give rise to a wider dimension and higher credibility of the financial credit rating system, completely breaking the current rating system of strong subjectivity, poor reliability, data fraud and other problems.

That means that everyone can master the skills of finance.

In the case of 5G, financial technology should be better understood.

If you look at fintech in the 5G era, it means that everyone can master the skills of finance.

When combined with finance, whether it is the value chain of financial business or the industrial chain, the five comprehensive information in the hands of the financial services will be carried out, such a financial security degree will be higher than the artificial configuration of the financial service system security information without the five comprehensive information, the bad debt rate should be low, and the balance of systemic risks in all aspects should be better, which is a basic principle, which is why we should be very wise and forward-looking to see science and technology finance. The data finance platform has a significant milestone economic outlook.

This means that this aspect should be easier to understand.

The modern Internet system under big data, cloud computing, and artificial intelligence has a subversive role. The current Internet digital platform, in the next step in the 5G era, will further form a system of all things, and the number of terminal connections will be more than 100 times or 1,000 times the number of connections of human mobile phones, tablets, and laptops. As a result, the human Internet industry will develop from a C-type consumer Internet to a B-type industrial Internet.

The significance is that people can become more aware of the financial industry and avoid financial crises.

The data finance platform has a significant milestone economic outlook.