The deep integration of finance and technology is speeding up and surging around the world. In recent years, with the development of emerging technologies represented by artificial intelligence, blockchain, big data and cloud computing, the financial industry, as an important pillar of the modern economy, has entered a new stage of integrated development of finance and technology after going through the development process of electronization and mobileization. In the current transformation and upgrading and innovation development of the financial industry, the transformation from high-speed development to high-quality development is inseparable from the unremitting efforts of intelligent financial technology research and development experts who are at the forefront of the industry. Among these industry pioneers, Yongqing Chen, an outstanding young financial expert, has made great contributions to the development of intelligent finance by integrating financial and artificial intelligence expertise.
Yongqing Chen, a famous financial expert and fintech research and development expert in China, has been engaged in financial investment, asstet management, marketing and other fields since he graduated from the University of Liverpool in 2011 with a Master of Science (Management). In particular, he has been conducting in-depth research in the field of financial technology. At present, he has innovated and developed a number of world-leading financial technology achievements, which have been applied in practice to solve many industry problems in financial investment, risk prediction and asset management, creating great social wealth, enhancing the level of financial technology and promoting the intelligent development of the financial industry.
In order to comprehensively cover the whole industry chain of the financial industry, truly realize large-scale and all-round technology upgrade and service innovation in the financial industry, and explore a new way for the innovative development of financial technology, every technology research and development of Yongqing Chen is carried out from a long-term perspective. He believes that the research and development of intelligent financial technology should always grasp the latest development trend of the industry, target the core problems and difficulties, and analyze and predict the future trends based on the current situation, so as to play a leading role in the development of the industry. With the joint efforts of financial practitioners, financial technology can exert its maximum energy and thus promote the accelerated construction of intelligent finance.
In Chen’s view, “The development of financial technology is one way to achieve the ultimate goal of the technological revolution in intelligent finance. Relying on advanced technologies such as big data, artificial intelligence, cloud computing, blockchain, etc. intelligent finance enables to comprehensively improve the business process, business development and customer service of financial industry, thus realizing the intellectualization of financial products, risk control, customer acquisition and service.”
With the development of financial technology, consumers are becoming the center of the entire financial industry, and meeting the needs of consumers has become the driving force of financial innovation. Driven by cutting-edge technologies, financial technology will not only conform to consumers’ consumption habits, but guide and explore their potential needs, providing important opportunities for the combination of financial technology and inclusive finance. Yongqing Chen believes that the combination will greatly reduce the cost of financial services, and will also allow primary and low-income users to access convenient digital mobile technology services, thereby broadening the depth and breadth of financial services.
At the same time, Yongqing Chen also emphasized that in the development of financial technology and intelligent finance, there will still be certain problems arising from the past Internet finance, such as information and privacy leakage, financial fraud, etc. Therefore, strengthening system construction, protecting customer privacy, preventing financial fraud and crime, and improving the security of the intelligent financial system are the current focus of financial technology research and development. In the process of intelligent financial services for people’s livelihood, financial technology should always play an extremely important role.
The enhancement of financial technology and the promotion of intelligent finance have laid the foundation for the future development of the financial industry. Intelligent finance is not a partial improvement of the industry, but a restructuring of financial services. With the promotion of big data, Internet, cloud computing, artificial intelligence, blockchain and other advanced technologies, intelligent finance can better serve industry strategies, support the real economy, meet the needs of people, effectively improve the allocation of resources, greatly reduce financial operating costs, establish a good economic operating environment, and make life better with powerful functions and perfect services based on the full development of independent core technologies.
Yongqing Chen firmly believes: “Looking at the future, financial technology has great potential.” Therefore, he will always strive at the forefront of financial technology innovation research and try his best to be a leader in the new era of intelligent finance.
Reporter: Tong Sun