The impact of new technology development on the financial industry is mainly as follows:
1. Efficiency improvement: With the continuous development of technology, the financial industry has gradually shifted from manual to machine, such as the use of artificial intelligence, big data and automation technology, etc., so that the efficiency of financial work has been greatly improved, especially for those traditional cumbersome financial processing processes are more obvious.
2. Data analysis: With the popularization of big data technology, financial practitioners can use big data technology to conduct more accurate data analysis, make effective decisions and predictions based on the analysis results, and strengthen the monitoring and analysis of business operations.
3. Financial risk control: The application of cloud computing and artificial intelligence technology has made financial risk management more effective, including transaction risk, credit risk and market risk have been better controlled, reducing the risk to the company.
4. Service innovation: The application of new technologies has also promoted innovation in services in the finance industry. For example, the emergence of mobile payment, electronic invoices and financial management software has greatly facilitated customers' shopping and corporate financial revenue and expenditure management, and enhanced the customer stickiness of enterprises.
In general, the continuous development of new technologies will continue to promote the transformation of the financial industry, change the traditional business operation model, improve work efficiency and accuracy, and at the same time intensify competition within the industry and create new business models and service concepts.