There is no doubt that the development of fintech is entering a completely new stage of development. This is not only reflected in the reinvention of the business model of fintech, but also reflected in the regression of the functions and attributes of fintech. In the past, when referring to fintech, many people would think of the relationship between it and Internet finance, but now, when referring to fintech, people will see more about the new characteristics and functions of fintech itself.
In a word, fintech is no longer a puppet of Internet finance.
What are the new features and functions of fintech?
In the author’s opinion, the most important point is to give full play to the functions and roles of its own infrastructure and capillaries, so as to better support the development of the real economy, so that the real economy can achieve perfect transformation under the help of fintech, and no longer regard the real economy as the object of harvest.
Obviously, the business model derived from the new features and functions of fintech is much thicker, more practical and longer term than the business model of Internet finance.
This is the development mode that is really suitable for fintech, and this is the important development direction that fintech should make efforts to support. Only when fintech truly bids farewell to the development mode dominated by harvesting traffic and truly empowers and deeply integrates with entities, can its development truly enter a new stage of development. This is what fintech should look like, and this is why Internet finance has come to a dead end.
After Nirvana, fintech is on a roll
Even in the era of Internet finance everyone shouted, players for its fantasy, has not changed at all. It is in this context that fintech will be brought to the fore as an alternative to Internet finance. In essence, fintech is not so much an alternative to Internet finance as the “emperor’s new clothes” of Internet finance. Whether from the characteristics of players, or from the logic of the development of fintech, we will see the shadow of Internet finance all the time.
Yes, when fintech was just born, players did regard it as the haven of Internet finance. The reason why they would join the wave of fintech is largely because they encountered difficulties in the development process of Internet finance. Obviously, if fintech is just the cloak of Internet finance, if fintech is just a new pronoun of Internet finance, then its development will not be able to achieve breakthrough in any way. Similarly, its development will also lead to a dead end in the style of Internet finance.
Not quite. Later, the development of fintech has vividly confirmed this point for us.
With the collapse of a series of fintech players, the development of Internet fintech has come to a dead end. A lot of industry chaos, all show us this point. It can be seen that just taking fintech as a shield for Internet finance and using the cloak of fintech to cover up the drawbacks of Internet finance will not achieve long-term development. Only by truly finding the right development path of fintech can the development of fintech be brought into its own development track.
It is in such a situation that we see more and more fintech players begin to completely bid farewell to the development model of Internet finance, and turn to explore and find the right development model and method belonging to fintech. Different from the development mode of Internet finance, which only regards traffic as the ultimate pursuit, fintech pays more attention to its integration with the real economy, as well as its empowerment and support for the real economy.
In other words, fintech is no longer an aloof existence, but has become a deep integration with the real economy, and with the real economy. By becoming a member of the real economy, by looking for ways and methods to combine with the real economy, and by innovating new business models that combine themselves with the real economy, we can see that more and more fintech players begin to completely jump out of the quagmire of Internet finance and truly enter their own development track.
It can be said that the current fintech is no longer the existence of either “finance” or “technology”, but has become a deep integration of “finance” and “technology”. To some extent, only when the deep integration of “finance” and “technology” is realized can fintech truly enter a new stage of development; Only by realizing the deep integration of “finance” and “technology” can fintech completely get rid of the shadow of Internet finance.
In my opinion, the current fintech is no longer a simple combination of the two elements of “finance” and “science and technology”. It is no longer the ultimate pursuit of harvesting traffic. Instead, it has become an organic existence deeply integrated with the real economy.
When fintech develops in such a way, we will see more and more that it will spawn more and more new business forms and innovate more and more new business models. Starting from this, the development of fintech will no longer be a synonym for Internet finance, but a brand new existence with its own distinctive characteristics.
A new blue ocean of fintech is opening up
As fintech gets better, we’ll see more and more players jump into it. For fintech, after nirvana, a new blue ocean is opening up. It’s a whole new era. In such a brand new era, we will see more and more new trends of fintech begin to appear, thus, a new dividend of fintech will eventually be released.
First, there is the huge need for new infrastructure.
At present, a new wave of development dominated by the integration of virtual and real is being staged in all walks of life. In this context, it is necessary to match a new set of infrastructure. For fintech, it has the potential to become a new infrastructure. Obviously, this is a new dividend for him.
The author believes that fintech has the innate conditions to become a new infrastructure. No matter from the perspective of finance, or from the perspective of technology, or even the form after the deep integration of fintech, it has incomparable advantages to become a new type of infrastructure.
Finding ways and methods to become a new type of infrastructure, and realizing ways and methods to combine itself with new industries (virtual and real industrial bodies) will bring more new development dividends for the development of fintech.
No matter the virtual economy, or the real economy, there is a huge demand for new infrastructure. For fintech players, if they can meet these needs and really find the right way to integrate themselves with new industries, then it will unlock new development dividends and achieve new development.
Second, the powerful potential of new finance and technology.
If the strong demand for new infrastructure opens up a new blue ocean for fintech and provides external imagination space, then the strong potential of new finance and new technology gives fintech strong internal momentum. When the two elements of finance and technology change, the huge development potential released by it will bring the development of fintech into a new blue ocean.
As I understand it, the future of finance will not be what we see now. Whether from the internal operating mechanism of finance, or from the elements of finance, the financial industry will have a profound and comprehensive reform. If this change is achieved, and new development dividends are found after this change is achieved, it will unleash huge development dividends.
From a technological point of view, we can see the same pattern. At present, a new evolution, the real technology industry. Whether it is the evolution of Internet technology to digital technology, or the deep integration of virtual technology and physical technology, science and technology are undergoing a deep and thorough comprehensive transformation. For fintech, the evolution of the technology itself will also release huge development dividends.
As new finance and new technology evolve, what we will see is that they will release huge development dividends, and these new dividends of development will also be realized in fintech. When new finance and new technology open new growth poles, it will undoubtedly open a new blue ocean and open new development ideas for fintech.
Third, the dividend release of the new business model.
Each era has its own business model. Only in this way can the development of new species form a complete business loop. The same is true for fintech. In the past, we have seen many connections between fintech and Internet finance. One of the most important reasons is that fintech has not really gotten rid of the restrictions of Internet finance and has not really found its own development mode.
When the development of fintech enters a new stage of development, new models will naturally take shape. In a sense, the development of fintech has entered its own development cycle only when a set of new business models is truly formed. Similarly, when new business models are formed, a series of development dividends will begin to be released. We’ve already seen a hint of this in the Internet age.
Therefore, the author believes that the formation and improvement of new business models will truly bring the development of fintech into a new blue ocean.
Different from the matchmaking and intermediary development model in the era of Internet finance, the new business model of fintech is built on the support and empowerment of the development of new industries. In other words, the new business model of fintech will no longer be dominated by matchmaking and intermediary, but by enabling, supporting and symbiosis. In such a new business model, fintech players are no longer independent of the new industry, but become a part of a new industry.
The profit of fintech is reflected in the profit of new industries; The development of fintech is reflected in the development of new industries; The dividends of fintech are reflected in the dividends of new industries.
Starting from this, the development of fintech will completely get rid of the development model of the Internet and truly enter the new blue sea dominated by new business models.
After reshuffling the deck again and again, fintech has achieved a true rebirth from the nirvana.
It can be said that today’s fintech is no longer what we have seen before; Today’s fintech is no longer what we used to define it; Now fintech is no longer the puppet of Internet finance.
Just because of this, the development of fintech began to gradually enter its own development track, and began to gradually into the best.
This is a new blue ocean for fintech.
Under this new blue ocean, a series of dividends will be unleashed. This is the key reason why so many players continue to increase their access to fintech. When fintech opens a new blue ocean, an era that truly belongs to it may be truly coming.