FinTech
Decentralized Finance
Decentralized finance Defi is Decentralized_Finance, which refers to a financial system that combines blockchain, cryptocurrency and smart contracts. Unlike traditional centralized finance, Cefi is Centralized_Finance. Decentralized finance has no audit by banks or financial institutions. Transactions are executed through smart contracts on the blockchain, using cryptocurrencies that cannot be controlled by the government and the central bank. In addition to the benefits of low cost and high transparency, the high degree of flexibility also provides diverse possibilities for decentralized finance.
Quantum Finance
In the face of quantum finance, where should traditional finance go? Technology continues to promote the evolution of finance. Personal computers have greatly improved the productivity of the financial industry. The rise of the Internet has allowed the financial industry to flourish. Today, in the 21st century, quantum computers are preparing to enter the stage of financial technology history. If the advantages of quantum computers are applied to finance, in addition to the optimization of investment portfolios, the establishment of financial models, and the application of quantum cryptography, there are many financial technologies that are even unimaginable now. It is expected to come true.
Fintech
Lai Z is a person who loves technology, and his goal is to rely on high technology to solve the big and small things in life. As long as technology can be used to solve problems, he will try anything, because he firmly believes that technology will change people's lives. Although many things in life can now be facilitated by technology, Lai Z is still at a very primitive stage in terms of financial services and the use of money. Today we will teach Lai Z well and apply technology to finance. After all, we cannot live without money!
Cloud Computing
In recent years, several terms have been particularly popular, such as cloud computing, blockchain, Internet of Things, virtual currency and big data, etc. It seems that adding these terms will instantly become very advanced, but you really understand Are these nouns?
Big Data
We explained what cloud computing is in the last issue. Today we will talk about his good friend - "big data", because the cloud and big data are inseparable, it is necessary to explain clearly. First of all, how big is big data.
Artificial Intelligence
Whether big data is good or not is related to artificial intelligence, and artificial intelligence is simply the wisdom created by human beings: it is not given by God, nor created by aliens, but produced by human beings step by step. crystallization of wisdom. Generally speaking, when artificial intelligence is mentioned, one may think of the Devil Terminator, or the public enemy of machines, who will wipe out human beings at every turn. But that's not the case....
Blockchain
We have introduced the cloud, big data and AI in the previous videos, and today we will introduce the combination of all the above scientific and technological achievements: blockchain. In simple terms, the blockchain is the history of transaction records, that is, the chain between data blocks. For example, Xiaomei asks Xiaoming to buy a set of software, and Xiaomei transfers 500 yuan to Xiaoming. If this transaction is recorded in the ledgers of all users of this currency at the same time, then this currency will have strong reliability.
Biometrics
Today, with the gradual advancement of technology, we will do all kinds of things on the Internet, so how to protect our privacy and transaction security? In addition to a long list of passwords that will be forgotten every now and then, biometrics are becoming more and more important in the protection of privacy. For example, I can use Touch ID and Face ID to unlock my mobile phone, and I can let Siri do things for me when I hear my voice.
Multiple Payment
In 2018, Taiwan's minting cost was as high as 1.5 billion yuan. If it is converted to electronic, it can save a lot of money. Negotiable bills such as checks, money orders, and promissory notes have now gradually become electronic. In the well-known movie "Ghost Player", the scene where the protagonist forged a check may have become history. Although credit cards are still a very popular transaction method, with the popularity of smart phones, credit cards have become increasingly virtualized, which not only saves the inconvenience of carrying, but also increases the security of transactions.
Insurtech
With the advent of the digital age, the innovation of the financial industry can be said to be changing with each passing day. Looking around the world, the insurance industry receives several trillion dollars in premiums every year, making it a huge financial market. Although this market is said to be a golden mountain and a silver mountain, the current marketing services and business operations of the insurance industry are still mainly manual operations. Faced with the investment in insurance technology, the insurance industry is bound to experience a wave of reform. In this episode, let’s get acquainted with the new taste of this old industry encountering new technology-"Insurance Technology".
Fundraising
Entrepreneurship can be said to be the dream of every young person: not only to be their own boss, but also to achieve financial and time freedom more quickly. However, the first pot of gold is most needed for starting a business. Where will the first pot of gold come from? Some people are down-to-earth, they may work hard, live frugally, and become big bosses step by step; some people are very lucky, their families are strong enough, or they meet noble people, they will be hit by money on the road, and then Became rich.
Smart Wealth Management
There is a very popular advertisement "Steve and Dave" on YouTube, saying that as long as you copy orders, you can easily make money. This advertisement shows the expectations of many novice investors, as long as they keep up with the trend, they can easily make profits. There are many investment pages or discussion forums and many teachers on various domestic social networking sites, which are the embodiment of this mentality.
Online Banking
Pure Internet banking refers to banks that do not have physical branches, and all financial services are carried out through the Internet or mobile channels. Huh? How is it different from the online banking services provided by traditional banks in the past? Compared with traditional banks, which have limited business hours, some businesses can only be handled at branches; pure online banking is the main service 24 hours a day, 365 days a year, and you can use the Internet, mobile phones or Identity authentication is performed in other ways, and various financial services such as deposits, loans, credit cards, insurance, foreign exchange, and investment are completed on the Internet.
SupTech
Let's get to know the "Supervisory Technology" where only technology can supervise technology. On the Internet, netizens often say with a smile: "It takes magic to fight magic. In fact, in the real world, only technology can supervise technology. As the term FinTech has become popular in recent years, a new word RegTech was born correspondingly, that is, Regulatory Technology, supervisory technology. The meaning of the word RegTech is to use new technologies to more effectively solve the problems of "legal compliance" and "supervision". To put it more simply, it is to see whether the emerging financial technology is legal.
Cybersecurity
Information security risk management is essential. For the financial system to operate smoothly, the entire information system must be properly established and maintained. According to the World Economic Forum's 2019 "Global Risk Report", "identities that are fraudulently used or data Theft" and "cyber attack" are respectively the fourth and fifth among the top ten global risks, which shows the importance of information security.
Digital Transformation
About "Fintech Power" ▶The development of Taiwan's financial services is gradually facing a bottleneck. If the added value of the industry can be enhanced with the help of financial technology, we can expect a better future for the financial industry. However, to be able to create the future, you first need to have a heart that is willing to embrace the future, and the motivation to enrich your own financial technology. Ask yourself, are you ready to embrace the future? If you haven't, let's start by enjoying the knowledge upgrade brought by this book!
