International Journal of Frontiers in Sociology, 2021, 3(11); doi: 10.25236/IJFS.2021.031101.
Xiuqiang Deng1, Zhouxiang Jia2
1Fuzhou University of International Studies and Trade, Fuzhou, China
2Southwest Jiaotong University, Chengdu, China
In recent years, Fin-tech has developed rapidly, has penetrated into various fields of the financial industry, and has created new and unique business models. However, with the rapid development of Fin-tech, it has also brought new risks and strengthened finance. The discussion of the impact of technology on financial risk management is of great significance to the prediction and identification of financial risks. The purpose of this article is to discuss the impact of Fin-tech on financial risk management. The article first analyzes the impact of Fin-tech on the performance of systemic financial risks, analyzes the ways in which Fin-tech affects systemic financial risks, and summarizes its impact. The relevant indicators of the empirical impact of Fin-tech on systemic financial risks are statistically described, including financial stress index, innovation index and correlation index, etc., and the impact of Fin-tech on systemic financial risk is analyzed through the CoVaR method. Experimental data shows that the risk spillover values of Fin-tech on the banking, securities and insurance industries are 22.11%, 12.40%, and 15.76%, indicating that Fin-tech has the greatest impact on the banking industry’s risk.
Financial Risk, Fin-tech Innovation, Risk Management, Risk Control
Xiuqiang Deng, Zhouxiang Jia. Discussion on the Influence of Fin-tech on Financial Risk Management. International Journal of Frontiers in Sociology (2021), Vol. 3, Issue 11: 1-9. https://doi.org/10.25236/IJFS.2021.031101.
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