Research On The Regulatory Game Strategy Of Fintech Platform Enterprises

Accompanied by the rapid development of financial technology,the fintech industry has shown rapid growth globally,and the rise of emerging technologies,such as big data,cloud computing,artificial intelligence,etc.,which are utilized by fintech platform enterprises,have made the innovative business model complex and diverse while also bringing new risks and challenges.The rapid development of fintech platform enterprises has also brought about increased competition in the market,ignoring risk management and compliance requirements,leading to disorderly competition in the market and increasing the possibility of systemic financial risks.Government regulators are faced with the challenge of regulating fintech platform enterprises brought about by the development of fintech,and traditional regulatory means and methods are difficult to adapt to the characteristics and needs of fintech platform enterprises.Therefore,government regulators need to continuously innovate regulatory methods,improve regulatory efficiency,and regulate fintech platform enterprises in a more comprehensive and indepth manner,so as to ensure the stability and security of the financial market in response to the new challenges posed by fintech.The non-compliance of financial technology platform enterprises in the context of financial technology disrupts the market operating order,harms the rights and interests of consumers,affects the national financial security,and is not conducive to the healthy development of the economic market,and the above factors together constitute the necessity and urgency of the supervision of financial technology platform enterprises.The supervision of financial technology platform enterprises requires the participation of government regulators,financial technology platform enterprises,new media and consumers to realize the common governance and supervision of financial technology platform enterprises to better comply with the operation,avoid the financial risks that may be triggered,and enhance the effectiveness of supervision.We analyze the impact of the strategic choices of each regulatory body in the supervision of financial technology platform enterprises,improve the deficiencies in the traditional supervision of government regulators,enhance the efficiency of the supervision of financial technology platform enterprises,and formulate a practical strategy for the supervision of financial technology platform enterprises.Based on the questions posed above,the study was developed mainly from the following elements.Firstly,we analyze the content of the regulation of fintech platform enterprises in the context of fintech,sort out the institutional background and content of domestic and international regulation,and put forward the necessity of studying the regulation of fintech platform enterprises.Starting from the characteristics and problems of fintech platform enterprises,the study will come up with corresponding regulatory policies,establish a co-regulatory model for fintech platform enterprises based on the background of fintech,clarify the roles of government regulators,fintech platform enterprises,consumers and new media in the process of coregulation and regulation,and provide a multi-principal co-regulation and regulation strategy analysis and a research perspective for the regulation of fintech platform enterprises.Secondly,we establish the research framework of fintech platform enterprise,analyze the game relationship of co-governance and regulation of fintech platform enterprise,three-party dynamic evolution game,four-party dynamic evolution game and other game methods to study the regulation of fintech platform enterprise,and make clear the role of government regulators,fintech platform enterprise,consumers and new media to participate in the role of co-governance of regulation and the operation mechanism of the various subjects.Constructing a three-party dynamic co-regulation regulatory game model of government regulators,fintech platform enterprises and consumers,constructing a four-party dynamic co-regulation regulatory game model of government regulators,fintech platform enterprises,consumers and new media by analyzing the influence of different factors on the strategy selection of each subject,and through simulation analysis,effectively verifying and analyzing the proposed regulatory strategy,and further supplementing and improving it,proposing appropriate regulatory strategies and improved,and put forward suitable regulatory strategies as well as measures and suggestions to realize the best regulatory strategies.Thirdly,applying Moran process analysis to the analysis of co-regulation strategy selection of fintech platform enterprises,which can simulate the strategy interaction and evolution among the participants of fintech platform enterprises,and simulate the strategy interaction and evolution among the consumers’ participation in co-regulation,not only can deepen our understanding of the essential causes of the crisis of the fintech platform enterprises,but also can provide scientific references to the formulation and implementation of co-regulation strategies,which is of great significance to the promotion of the innovation of co-regulation of the fintech platform enterprises,as well as to the provision of research ideas and the direction of the expansion for the research of the regulatory problems in the same field.Fourthly,Simulation data analysis,proposed strategies and measures,based on the construction of different circumstances of the financial technology platform enterprise common governance regulatory game model,solving the evolution of each subject’s stable strategy,and the use of Lyapunov’s first method of stability analysis of each subject,and further the use of Matlab2022 b,the simulation analysis of each subject’s strategy selection impact factors,through the simulation results to verify and Analyze the validity and credibility of the model,give a reasonable and effective verification of the proposed regulatory strategy and further improve the conclusions of the derivation of the supervision model.This paper is an exploration and summary of the theories and approaches to the regulation of fintech platform firms,with the following three main contributions:First,evolutionary game and Moran process analysis are used to construct a multi-party participatory game model of co-regulation and regulation of fintech platform enterprises.The research methodology contributes to a more comprehensive understanding of the nature of regulation and provides more precise and practical guidance and recommendations for fintech platform enterprise regulation.Applying the Moran process in considering the problem of cogovernance regulation of fintech platform enterprises,the co-governance regulation model faces numerous uncertainties and stochastic factors in the field of fintech platform enterprise regulation.These factors may include the unpredictability of consumer behavior,the fintech platform institutions’ own factors,and policy changes.In order to effectively deal with these challenges,this study innovatively applies the Moran process to the analysis of the co-regulation problem of fintech platform enterprises,considering the various uncertainty and randomness factors faced by the co-regulation of fintech platforms,which greatly facilitates the in-depth development of the research on the co-regulation problem of fintech platforms and contributes to the realization of effective co-regulation system with unique theoretical and practical value.Secondly,in the design of the co-regulatory mechanism for fintech platform enterprises,not only the traditional regulatory subject-government is considered,but also consumers and new media,and the role of social members(consumers and new media)in co-regulation is also explored;the model in this paper is theoretically sound and practically applicable to the actual situation of the regulation of fintech platform enterprises in China.This combination of theory and practice makes the research in this paper more operational and instructive,and is expected to provide strong support for the formulation and implementation of regulatory policies for fintech platform enterprises.Although there are relatively limited studies on the stakeholders involved in the regulation of fintech platform enterprises at home and abroad,the research in this area is still of great practical significance,as these stakeholders play a crucial role in the regulation of fintech platform enterprises.Finally,with fintech as the background,fintech platform enterprises are regarded as the object of research and regulation.In contrast,studies in the existing literature tend to focus on government regulatory policies and regulations,with less attention paid to the impact of fintech platform firms’ own characteristics on regulation.Focusing on fintech platform enterprises provides this paper with a deeper understanding,revealing how the characteristics of fintech platform enterprises interact with the key factors of regulation,and thus constructing a model of regulatory influencing factors that is more in line with the actual situation of fintech platform enterprises in China.This multi-party approach to regulation is expected to provide a more targeted strategy for the formulation and implementation of regulatory policies for fintech platform enterprises,and to strengthen the effectiveness and sustainability of the regulation of fintech platform enterprises.