Recently, in the realm of finance, developments of FinTech are being focused on. Numerous types of FinTech are deeply changing the financial ecology and rebuilding financial patterns by driving innovations of the traditional bank industry. The statement “No technology then no finance” has already become the mutual recognition in the industry. Our country highly concentrates on innovations of the finance domain demonstrated by the fact that a series of policies and measures used to support and regulate the healthy development of FinTech have been published. It has become the popular question for countries and the whole society that how the relationship between innovations of FinTech and avoidance of financial risks can be balanced well. Therefore, this essay employs the existing literature on the changes of FinTech risks faced by traditional banking industry, the impact of FinTech on the risk taking level of traditional banking industry and the heterogeneous impact of FinTech on the risk taking of traditional banking industry to sort out and explore the impact of FinTech on the risk-taking of traditional banking industry as well as verify the conclusion that FinTech has also brought new risks, such as technology risk, to the current financial business.
KeywordsFinTechTraditional Bank IndustryRisk-Taking
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