Research On The Construction Of Fintech Index And Its Influencing Factors

Fintech is a technology-driven financial innovation that further changes the operation mode of the traditional financial system by deeply integrating finance and information technology.With the continuous development of information technology and the Internet,financial technology has now become an important area of high concern around the world,and its development is bound to affect the entire financial landscape.In order to promote the long-term healthy development of fintech,it is necessary to conduct in-depth research on various factors affecting its development,both to strengthen supervision and to promote innovation.This dissertation focuses on the multi-faceted factors that promote the development of my country’s financial technology.Combined with the research of relevant literature at home and abroad,the principal component analysis method is used to construct my country’s financial technology development index,and empirical tests are carried out on the basis of theoretical analysis of the influencing factors of financial technology development.This dissertation firstly combines quantitative and qualitative,using principal component analysis to assign weights to financial technology development indicators,and constructs a financial technology development index from three perspectives:financial technology market entities,financial technology business development,and financial technology application.The quarterly index of fintech development from2020 to 2020 is measured.The study found that the development level of my country’s financial technology reached a peak in 2015 and then fluctuated and declined,continued to rise in 2018,and then maintained a rising trend in volatility.Secondly,theoretically analyze the main factors affecting the development of financial technology,from the seven aspects of financial industry development level,informatization level,technological innovation level,financial inclusion,financial demand gap,traditional financial supervision and financial technology policy environment,combined with my country’s national conditions and the development characteristics of the financial technology industry,using specific secondary indicators to synthesize seven variables,taking the financial technology development index as the affected factor,and using the VAR model for empirical testing.The results of the study found that the advancement of technology,the popularization of smart devices,the increase in long-tail demand,and government support all have a positive impact on the current period of financial technology and the lag period;The development of science and technology has a positive impact,but the impact is small,and its own development will have a certain hindering effect on the development of financial technology.Finally,combined with the previous analysis and empirical research results,policy recommendations are put forward from three aspects:optimizing the supply environment for financial technology development,activating the effective demand for financial technology development,and establishing and improving the financial technology regulatory system,so as to promote the improvement of my country’s financial technology development level.