In recent years, domestic BAT giants have entered the field of financial technology, and traditional major commercial banks have also established partnership with JD, Baidu and Tencent and other Internet companies to carry out strategic cooperation and seek the operation mode of "Finance + Internet". Under a variety of pressures, the development of small and medium-sized banks is difficult, so the development of technology coupling is very important. However, due to the lack of financial technical talents, technical risk management ability is very weak, and the amount of data is very small, which leads to the poor ability of data collection, sorting, analysis and mining. There is a huge gap between small and medium-sized banks and large banks, which face many risks and challenges in the application of financial technology. Therefore, small and medium-sized banks need to firmly establish the idea of Internet, reflect the "supervision sandbox" mode, improve the design of high-level supervision, rely on cross-industry cooperation, create joint competitive advantage, and at the same time, it also need careful budget, open up a unique financial technology development road.

Yupin Wei, Guibin Li, Xigang Wang. Innovation paths and strategies of small and medium-sized bank fintech. Academic Journal of Business & Management (2021) Vol. 3, Issue 2: 29-33. https://doi.org/10.25236/AJBM.2021.030206.

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