Challenges in theaffairs

It has summarized the challenges of affairs caused by financial technology and it has introduced some problems in the below.
The first one is that financial technology has a lot of advantages in efficiency scale and ecology, but it has cut down the profit abilities for traditional finance institutions.
With the development of financial technology, it has caused a lot of leaking of traditional banks. So it has caused the cut of the profit of those traditional banks and it has caused a lot of challenges for those traditional banks.
For example, those new emerging financial technology platforms such as蚂蚁and腾讯has caused a lot of ecology with the development of cloud computing and big data technologies. And it has caused a lot of data and products services and new platform of business. And it has caused a lot of innovation of financial services so as to create a lot of challenges for those traditional banks of their service patterns.

Secondly, it has caused a lot of operational risks for the Information technology risk finance institutions.Those traditional finance institutions always use the corporation of outside institutions so as to create a lot of complexity of those finance risk management.

And with the development and usage of financial technology in those enterprises, it has caused a lot of convenience and efficiency of finance services, but it may lower the stage of those customers so as to introduce more high risk customers who might break the rules or do some cheating.
So those financial technology enterprises had never been tested by economy cycles, it requires those reliable history data so the risk and mistaken evaluation may be occurred.

Lastly, those services of traditional finance institutions may cause those attack of outsiders and it has caused a lot of challenges for those real time detection and handling abilities of those emergency accidents.After that those financial technology institutions rely on the high increase of affairs and larger scale of market so as to ensure their living in the market economy environment so it has taken the Challenges.
The new problems and new emergencies may be caused during the high speed of development of those affairs.