Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

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The Impact of Financial Technology on Corporate Development

Authors
Guixing Shi1, *
1School of International Economics and Trade, Lanzhou University of Finance and Economics, Lanzhou, 730101, China
*Corresponding author. Email: zhangsheng@ldy.edu.rs
Corresponding Author
Guixing Shi
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_86How to use a DOI?
Keywords
Fintech; Business development; Financing costs
Abstract

As a new scientific product, financial technology is used by many enterprises and has the prospect of being scientifically studied. It is very important to the academic field of finance. The development of science has brought unprecedented changes to human society, enterprises use emerging cutting-edge technologies such as big data, blockchain, cloud computing, and artificial intelligence to improve their service levels and optimize operational processes to increase efficiency while reducing internal operating costs. The main purpose of this analysis is to explore how fintech can affect social development in multiple dimensions enterprise development. First, the author briefly introduced the definition and development of financial technology to lay the foundation for subsequent analysis. Subsequently, this paper focuses on the specific impact of financial technology on financing channels and costs, payment and transaction methods, risk management capabilities, internal governance and efficiency. This paper conducts research by reading papers on related topics and finding cases, and obtains the corresponding results. Financial technology, with its unique technical advantages and innovative technologies, has been applied by enterprises to every link of enterprise operation and management, becoming a key force in promoting enterprise transformation and upgrading. By improving operational efficiency, broadening financing channels, and enhancing risk management capabilities, financial technology has brought unprecedented development opportunities to enterprises.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_86How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Guixing Shi
PY  - 2025
DA  - 2025/02/24
TI  - The Impact of Financial Technology on Corporate Development
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 802
EP  - 809
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_86
DO  - 10.2991/978-94-6463-652-9_86
ID  - Shi2025
ER  -