Research On The Development Of Internet Finance In The United States

As a brand new financial model,Internet finance has attracted extensive attention from academia and industry.The United States is the earliest country in the development of Internet finance.It has a history of nearly 30 years.The rapidly development of the US information industry in the 1990 s not only drove the US economy,but also merged with the financial industry to generate new formats and promote industrial upgrading.At present,the development of Internet finance formats such as P2 P online lending,crowdfunding,and third-party payment in the United States are relatively mature.Internet finance started late in China,but has developed rapidly,especially after 2013,Internet finance has begun to show a strong development trend.However,due to lack of thresholds,lack of supervision,and lack of laws,a series of problems have emerged,such as the proliferation of Internet financial companies,sudden increase in risks,and damage to consumer rights.Therefore,research on the development of Internet finance in the United States has certain practical relevance.On the basis of defining the scope of Internet finance and analyzing the characteristics,format and development significance of Internet finance,the thesis is supported by relevant theories such as long tail theory,financial intermediary theory,inclusive finance theory,platform economic theory,etc.Using the literature research method and qualitative analysis method has constructed the research framework and system.Firstly,it examines the development of Internet finance in the United States,including the initial stage,rapidly development stage,and stable development stage,and briefly outlines the development status of each stage.Secondly,it analyzes the format of Internet finance development in the United States,including internet banking,third-party payment,P2 P online lending,and crowdfunding.And then,the reasons and effects of the development of Internet finance in the United States were discussed.Among them,the main drivers were the advancement of information technology,increasingly fierce of market competition,strong market demand,and the relaxation of government regulation.The development effects include the increasing market share of Internet finance in the financial industry,enhancing the innovative capabilities of the banking industry,the status of Internet finance continues to increase,promoting the inclusive development of financial services and the development of the real economy.Finally,sum up the experience and enlightenment of the development of Internet finance in the United States.The experience mainly shows that the United States has perfect laws and regulations,a diversified regulatory system and a sound credit reporting system.he enlightenment for China includes the timely improvement of relevant laws and regulations,the construction of multiple levels supervise the system,strengthen the credit reporting system while regulating the development of the credit reporting industry,and focus on improving the risk control capabilities of Internet financial institutions.