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The Influence and Application of Artificial Intelligence &Blockchain on Financial Service

Author

Listed:
  • Chang Shu-Han

    (CTBC Business School No.600, Sec. 3, Taijiang Blvd., Annan Dist., Tainan City 709, Taiwan (R.O.C.))

  • Shih Chien-Ping

    (SHIH, CTBC Business School No.600, Sec. 3, Taijiang Blvd., Annan Dist., Tainan City 709, Taiwan (R.O.C.))

Abstract

The advances in science and technology have benefited many industries. In recent years, we have witnessed the rapid development of financial technology. All of them worked hard in this area, such as Amazon, UPS, and Wal-Mart International. In China, leading e-commerce platforms such as Alibaba and Tencent actively provided services to SMEs in their ecosystems; Taiwan also make efforts to develop it. The emergence of networking account scientific and technological AMIS provides various payment companies, lending platform, financial robots. Although Taiwan’s innovation industry faces many restrictions on its development, it will still go through it. Therefore, Taiwan has continued to update laws and regulations related to financial technology. The latest rule “Financial Science and Technology Development and Innovation Experiments Regulations” regards the development of Taiwan’s financial technology. FinTech has gradually replaced the traditional financial service model. Through mobile payments, cloud platforms, and artificial intelligence, the technology industry has gradually penetrated into the financial industry. We are willing to make more progress in Taiwan’s financial technology to deepen the understanding of FinTech as a study.

Suggested Citation

  • Chang Shu-Han & Shih Chien-Ping, 2018. "The Influence and Application of Artificial Intelligence &Blockchain on Financial Service," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 9(3), pages 45-54, December.
    • Handle: RePEc:vrs:hjobpa:v:9:y:2018:i:3:p:45-54:n:4
    DOI: 10.2478/hjbpa-2018-0022
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    Keywords

    Blockchain; Artificial Intelligence; FinTech;
    All these keywords.

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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