Exploring The Development Of Inclusive Finance With Fintech

China is a country with a large population.Since the reform and opening up,the economy has developed rapidly,but the development is not comprehensive and balanced.For example,problems such as unbalanced development between rural and urban areas,rural financial exclusion,a considerable number of poor people not out of poverty,and financing difficulties of small and medium-sized micro enterprises are still not solved.Because of the limitation of its own conditions,traditional financial institutions focus on serving high net worth customers,excluding some poor people in remote rural areas,low-income people in cities and towns,small and medium-sized micro enterprises and special groups of the old,the weak and the disabled from financial services.However,with the increasing pressure of competition in the financial industry,those high net worth customers have been exhausted and cannot provide more profits for financial institutions.In order to let all the people in need enjoy the financial services and realize a well-off society in an allround way as soon as possible;in order to help financial institutions expand the profit space and promote the steady economic growth,it is of great significance for China to vigorously develop Inclusive Finance.Financial technology can be applied in the channel construction,customer acquisition and marketing,innovation of inclusive financial products,risk control and management and other important links.In a sense,it can enrich the products and services in the field of Inclusive Finance,change the traditional financial service channels,customer coverage and business processes,and establish an efficient,low-risk and low-cost inclusive financial service model.This paper uses case analysis,comparative analysis and literature analysis,combining theory with practice,and takes Suning finance as the research object,relying on six core financial technologies based on big data,blockchain,Internet of things,artificial intelligence,cloud computing and biometric identification to enable Inclusive Finance and realize the case of "universal" before "preferential".First,the paper introduces the development of Suning finance,the purpose and business scope of Suning finance,then analyzes the innovation practice of five major businesses of Suning finance supply chain finance,micro business finance,consumer finance,payment and wealth management,and summarizes the achievements and shortcomings of Suning finance in Inclusive Finance.Through the analysis and Reflection on the development of Inclusive Finance promoted by financial science and technology,this paper puts forward five optimization suggestions,which are to use financial science and technology to serve the credit system construction,to protect the information security of customers,to promote the construction of laws and regulations of financial science and technology,to improve the comprehensive strength of financial science and technology,and to use financial science and technology to innovate financial products and services.