The return of finance to entity has become a trend and trend. Different from the Internet era, which only used platforms and centers to improve the docking efficiency of finance and entities, the current financial return to the entity has more new possibilities. It is becoming a new choice for more and more players to give full play to the functions and roles of the “infrastructure” of finance and technology, realize the deep connection between them and the real economy, and find the right way and method to return to the real economy. It is obvious that such a combination of finance and the real economy can bring the function and role of finance into full play.

Perhaps because of this, we are seeing more and more players start to focus on this. No matter the technology giants represented by Internet players or the financial giants represented by traditional financial players, almost all focus on the deep integration of finance and entities. For the players of science and technology, they think more about the deep integration with the real economy through the financialization of science and technology, so as to find new opportunities for development. For financial players, they are thinking more about the deep integration with the real economy through fintech, so as to open new development opportunities.

No matter in terms of technology financialization or fintech, the deep integration of finance and technology has become a trend and trend. Standing in such a perspective, we will discuss the future development of financial technology, the deep integration of finance and technology, is certainly a topic worth thinking about every player. Finding the way and method of the deep integration of finance and technology is equal to seizing the new wind of fintech and getting the opportunity to grasp the new dividend of fintech.

So, how can the two elements of finance and technology be deeply integrated? How can the development of fintech break out of the vicious circle of the development of Internet finance? Specifically, it mainly includes the following aspects.

Finance and technology need to go both ways

For a long time, we have defined fintech either by the technicalization of finance, or by the financialization of technology. Either way, we can confirm that the new species derived from these two ways cannot perfectly interpret the fintech itself, nor can they give full play to the functions and roles of finance and technology, and eventually even lead the development of fintech into a dead end.

When the development of fintech stands at a new node, what we need is a two-way flow of finance and technology. To define fintech solely in terms of fintech and fintech financialization is incomplete and incomplete. What is needed is to redefine fintech in terms of a common new species built on both elements of finance and technology. In the past, such a state of development would not have been possible.

Now, in the context of a two-way race between finance and technology, there is a new possibility to define fintech in terms of a common species based on both elements. From a technology perspective, what we’re seeing is that they’re starting to take on more and more of the functions and roles of new types of “infrastructure” that are more tied to the real economy. And that is exactly what finance has been doing. It is just that this function of finance is reinterpreted from the perspective of science and technology, which is deeper and more thorough, more complete and comprehensive.

From a financial point of view, what we’re seeing is that they’re starting to take on more of a technological aspect, they’re becoming more of an interpreter of technology, an expression of technology. This point, in the digital wave increasingly clear today, it is more obvious. For finance, such a new way to interpret itself in a digital way and form is more conducive to its deep integration and empowerment with the real economy, and more conducive to the play of its own functions and roles.

When such a two-way journey between finance and technology is opened, we see the arrival of a new development dominated by the deep integration of finance and technology. Starting from this, fintech will no longer exist only in non-finance, namely technology, but become an existence that combines the functions and attributes of finance and technology.

Finance and technology need to be reinvented and reinvented

When we are looking for ways and methods for the deep integration of finance and technology, if we only focus on the original functions and attributes of finance and technology, it is obvious that the deep integration of finance and technology cannot be achieved. In order to realize the deep integration of finance and technology, what we really need is a remolding and reconstruction of finance and technology.

Functionally, finance and technology need to be reinvented and reinvented. For finance, they need to get rid of the supporting function only in the financial category and expand their functions to more diversified fields. The author believes that the functions of finance should be transferred from traditional financial functions to new digital, data and other new functions. With the help of such a functional transformation, the function of finance can be maximized.

For technology, they need to get away from being just a function of technology. In the past, when referring to technology, people thought more about its function and role in connecting and mediating, and its function and role in improving efficiency. The author believes that the function of science and technology should be more transferred from the traditional technology function dominated by efficiency improvement to the function of reengineering new elements, processes and links. With the help of such a change, the function of science and technology can be maximized.

In terms of presentation, finance and technology alike need a reinvention and reinvention. No way is for finance, or for technology, in fact, the expression of finance and technology will undergo a brand new change. In the past, when it comes to finance, we usually see traditional financial forms represented by insurance, credit and securities. When it comes to technology, we also see traditional forms of technology represented by the Internet, big data, cloud computing, blockchain and artificial intelligence.

When the forms of expression of finance and technology are reshaped and reconstructed, their forms of expression are no longer just in the traditional sense, but have a new form of expression. The wave of digitization we are seeing happening in finance and technology is a direct manifestation of this phenomenon. When this development trend becomes more and more obvious, finance and technology can realize the true deep integration, and the development of fintech can truly enter a new stage of development.

Finance and technology need to “take root” and “cultivate deeply”

One of the big reasons why they haven’t been able to achieve deep and comprehensive integration in the past, whether it’s finance or technology, is that they’ve always been on the surface, they’ve always stayed on the surface, they’ve never really bent down, they’ve never really taken root in the entity, they’ve never really dug into the entity. When finance and science and technology cannot achieve all-round and multi-angle deep integration with the real economy, they cannot achieve long-term and sustainable development in any case.

When we are looking for new ways to integrate finance and technology, how to make finance and technology take root in the real economy as much as possible, so that they can have deeper and diversified connections with the real economy, is the key to ensure that the two elements of finance and technology can truly achieve deep integration.

When finance and technology “take root” and “cultivate deeply”, they are no longer an independent existence outside the real economy, they are no longer a mere middleman, they are no longer a closed existence, but become an existence integrated into the real economy, become a virtual-real integration of existence.

When that happens, the real economy will no longer be a harvest for finance and technology, but a fertile ground. Under such a fertile soil, finance and technology can achieve deep integration and jointly promote the development of the real economy. Under this fertile soil, finance and technology are no longer isolated and closed existence, but become a mutually integrated and combined new existence. At this time, the development of fintech can truly enter a new stage of development.

conclusion

For fintech, its development is entering a new stage of development. If there is a summary of this new stage of development, the return to entity is undoubtedly a definite direction. If you want to go back to the physical, just from the perspective of finance, or just from the perspective of technology, you can’t do it. In order to make fintech truly return to the entity, we must find the way and method of deep integration of finance and technology.

In this process, we need a two-way connection between finance and technology, a reshaping and reconstruction of their functions, and a “root” and “deep cultivation” of finance and technology in the real economy. When these three aspects are realized, finance and technology can achieve a deep integration in a true sense, and the development of fintech can truly jump out of the original rules and regulations and enter a new stage of development.

For fintech, this is a new frontier. It is predictable that under such a new tuyere, the development dividend we can get is much bigger than the development dividend under the traditional fintech model.