Identification and Analysis of Core Factors of Fintech Based on CRITIC-ANP

DOI

10.2991/aebmr.k.220307.170How to use a DOI?

Keywords

Fintech; CRITIC; ANP; The minimum entropy theorem

Abstract

Identifying the core factors of financial technology is of great significance to the research and development direction of financial technology. This paper selects the data of inclusive financial index of 21 indicators in China from 2011 to 2020 and divides them into three levels according to the correlation of indicators. Criteria Importance weights the above indicators through the Intercriteria Correlation (CRITIC) method and the Analytic Network Process (ANP) method. Combined with the minimum entropy theorem, the two methods are coupled to obtain the global weight of each indicator and then rank to obtain the core factors of financial science and technology. The study found that digitization has the largest coupling weight among all indicators, accounting for 14.62 %, followed by the five indicators: regional scientific research level, opening level, total index, China’s debt service ratio, and regional urban registered unemployment rate. Based on the above research conclusions, this paper proposes policy recommendations for the core factors of integrated financial technology to China’s economic development and the research and promotion of financial technology.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Guanxu Wang
AU  - MengIan Lei
PY  - 2022
DA  - 2022/03/26
TI  - Identification and Analysis of Core Factors of Fintech Based on CRITIC-ANP
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1034
EP  - 1040
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.170
DO  - 10.2991/aebmr.k.220307.170
ID  - Wang2022
ER  -