Analysis Of Problems and Countermeasures in The Development of Financial Technology in China

In recent years, Financial Technology (fintech) has developed rapidly in China, gradually changing the operation mode of traditional finance and also bringing some new risks and challenges. This article will focus on three typical problems that have emerged in the development process of fintech: information and privacy leakage, and the upgrading of financial fraud methods and the structural unemployment problem caused by the change in the job structure of the financial industry. On this basis, targeted countermeasures such as strengthening data supervision, upgrading risk control and identification technologies, and guiding the unemployed to re-employment are proposed, including strengthening data access permission management, enhancing technical identification capabilities, and providing institutional support for employment transformation of the unemployed. This study aims to draw attention of the public to the potential risks in the development of fintech while analyzing the problem and provide some practical reference directions for relevant policies and industry adjustments.