First, conceptual differences.
Financial technology comes from Fintech abroad, which is the abbreviation of finance+technology. The original meaning of English is "financial technology". Wikipedia defines economic industry as a group of enterprises that make financial services more effective through science and technology. The definition we give is to comprehensively apply high and new technologies such as big data, cloud computing, blockchain and artificial intelligence to payment, clearing, financial leasing, insurance and internet finance to improve the efficiency of the financial industry.
Technology and finance, with finance as the core, uses financial innovation to efficiently and controllably serve the financial formats and financial products of scientific and technological innovation and entrepreneurship.
Second, the difference between the clients.
Financial science and technology pays attention to the frontier science and technology to transform the financial industry, which belongs to a way of science and technology serving finance;
Technology and finance's financial service to science and technology enterprises belongs to a way of technology and finance's service.
Third, the differences between participants.
The main body of financial technology is technology-driven enterprises such as technology enterprises and internet enterprises.
The main body of technology and finance is enterprises that serve financial products, such as traditional financial institutions.
Fourth, product differentiation.
Financial technology mainly serves finance with cutting-edge technologies such as big data, cloud computing and credit reporting as its core products;
Technology and finance mainly serves scientific and technological enterprises with innovative financial products to promote the development of scientific and technological innovation and entrepreneurship.
How to distinguish:
The following two enterprise cases can help us better distinguish the concepts of financial technology and technology and finance.
Ant financial
Ant Financial has established a relatively complete financial technology system.
Alipay mainly provides payment and wealth management services, including online shopping secured transactions, online payment, transfer, credit card repayment, mobile phone recharge, water, electricity and coal payment, and personal wealth management services based on Yu 'ebao and Zhaocaibao. After Alipay entered the field of mobile payment, it began to provide services for retail department stores, cinema lines, supermarket chains and taxis.
Sesame Credit is one of the most powerful credit products in China. Sesame Credit connects Taobao, Tmall and other e-commerce companies with Alipay's consumption and payment data to obtain big data of users' consumption and life, thus establishing a relatively complete credit information system and making it more convenient to obtain credit information.
Shanghai Pudong Development Bank Silicon Valley Bank
Shanghai Pudong Development Bank and Silicon Valley Bank are joint venture banks. Shanghai Pudong Silicon Valley Bank is positioned as an innovative service enterprise. Through the innovative asset value evaluation model, we can provide financial support for scientific and technological innovative enterprises, customize financial service programs that meet the needs of enterprises at all stages of development, bring a global cooperation platform for enterprises, and build a development bridge for domestic enterprises to go overseas.
From the specific business point of view, the "3+ 1" innovative financial model service plan of Shanghai Pudong Development Bank aims to solve the financing problem of small and medium-sized scientific and technological innovation enterprises in Minhang District, give full play to the resources and professional advantages of the government and financial institutions, and bring Shanghai Pudong Development Bank's unique "Silicon Valley Banking Model" through the RMB credit channel of Shanghai Pudong Development Bank.
The above contents are for reference only!