The Analysis Of American Internet Finance Development

The development and application of Internet technology in the United States has been at the top level globally,and the United States also has a highly developed financial system and a mature financial regulatory framework.In the 1990 s,the informatization revolution made the Internet technology of the United States gradually applied to other industries,not only bringing about a flattened world,but also bringing about an increasingly flat financial market.Driven by various forces,in 1995,the United States gave birth to the world's first pure network bank,setting off a wave of global Internet financial development.However,the risk superposition and risk amplification of Internet finance have also brought a lot of hidden troubles to the relatively fragile financial industry.The United States,as the source of innovation and innovation in this financial field,has actively expanded its diversified Internet financial system and accumulated a wealth of valuable experience in the development of Internet finance.In the past less than 10 years,China's Internet finance has experienced explosive growth in its extensive development phase.Today,the regulatory authorities have begun to shift their focus to Internet financial risk and regulatory areas,in the hope that China's Internet finance can be under the legal framework.Towards a healthy development track.However,although China's Internet finance has its own advantages,its development history is far shorter than that of Europe and the United States and other advanced economies,which results in weaknesses in the lack of development experience.At the same time,China is now in the general environment of the new normal economy.It is also at the height of the reform of the financial industry.Various contradictions have been brought together,and the financial transaction structure and even the entire financial framework will undergo profound changes.Therefore,we must not only control the risks brought about by internet finance,increase the efficiency of supervision,but also ensure that it can smoothly enter the golden age of the next development,without reference to the US's first-mover experience.This article first defines the concept of Internet finance in a broad sense,which shows that Internet finance has the characteristics of de-intermediation and non-relevance,based on the flattening of channels.Secondly,it sorted out the three stages of U.S.Internet finance development and pointed out that U.S.Internet finance has the positive effect of promoting traditional financial upgrading and activating the financial market.At the same time,it was also found that the development of Internet finance in the United States was mainly driven by the thrust of two directions.On the one hand,the traditional financial institutions were eager to use information technology to promote the upgrade.On the other hand,Internet companies wanted to use financial services to achieve greater profits.As a result,two types of U.S.Internet finance development mechanisms have emerged.This has led to the development of Internet finance models such as internet banking based on traditional financial services and new Internet finance models represented by P2 P.Then,this article briefly summarized the development status and development characteristics of the Internet finance in the United States,and believes that the development of US Internet finance is deeply dependent on the progress of information technology.The development trend is vulnerable to the fluctuation of the domestic economic cycle,and the product presents a trend of professional development.At the same time,a relatively complete credit system in the United States can protect the development of Internet finance.However,the development of the Internet finance in the United States also faces many difficulties.In particular,the financial supervision system and laws and regulations have made the development of the Internet finance business a bottleneck.The Internet finance business has been slow to expand horizontally and its operating costs are high.Through in-depth research on the objectives and models of US financial supervision,it is found that these resistances not only originate from the concerns of the U.S.financial regulators over traditional U.S.Internet finance risks and new risks,but also from the fact that the setting of the financial regulatory framework has certain inefficiencies.The related legislation on finance has also made slow progress.Finally,it analyzes the status quo of China's Internet finance and its existing problems.Based on the actual situation,it proposes the enlightenment of the development of Internet finance in the United States on the development of China's Internet finance.