Research On Financial Innovation Risk And Supervision Of Ant Group

With the application of high-tech information technologies such as big data,block-chain,artificial intelligence and cloud computing in the financial field,financial products and services continue to innovate.At present,China’s Internet finance is at the leading level in the world,especially Ant Group has occupied an absolute market share.However,the emergence of financial innovation is often accompanied by risks.How to supervise the risks arising from Ant Group’s financial innovation,how the current regulators supervise Ant Group,what regulatory loopholes still exist,and how to strengthen the supervision of Ant Group’s financial innovation are the problems to be studied and solved in this paper.Based on financial innovation theory,financial supervision theory,credit theory,platform economy theory and risk management theory,this paper adopts various methods such as literature research,case analysis,qualitative analysis and analytic hierarchy process to analyze and solve the problems of financial innovation risk and supervision of Ant Group.The paper is divided into six chapters.The first chapter is the introduction,which introduces the research background,purpose and significance of this paper,and summarizes the research on financial innovation risk,supervision and Ant Group by domestic and foreign scholars;The second chapter summarizes the connotation of financial innovation,financial innovation risk and financial supervision,and introduces financial innovation theory,financial supervision theory and other related theories;The third chapter is the development of Ant Group’s financial innovation,which mainly analyzes the development process and financial innovation business of Ant Group,and introduces its financial innovation business practice from three aspects:digital payment and business services,digital financial technology platform and other businesses;The fourth chapter identifies the possible risks of financial innovation business according to the analysis of the previous chapter,and evaluates the risks of financial innovation with analytic hierarchy process.The fifth chapter analyzes the deficiencies of Ant Group in terms of supervision according to the necessity,current situation and existing lack of supervision of Ant Group’s financial innovation,mainly from the following five aspects:the legal responsibility is not obvious,the relevant market mechanism is not perfect,the collaborative supervision mechanism is not formed,the protection of consumers’ rights and interests is insufficient,and the ability of regulators is insufficient;In the last chapter,according to the current situation of Ant Group’s financial innovation supervision and the existing vacancy problems,we get the Enlightenment of Ant Group’s financial supervision.It includes five levels:improving the legal system,improving the relevant market mechanisms,strengthening the protection of the legitimate rights and interests of consumers,promoting the construction of a multi-body collaborative regulatory system,and improving the regulatory capacity of regulators.