What they say

Internet companies can't become fintech businesses in a day. The former use the internet to reshape distribution channels in financial services, while real fintech enterprises are far more technology-driven. They focus on making breakthroughs in cloud computing, big data and blockchain technology, which can offer advanced services such as predictive analysis.

Ma Weihua, former president of China Merchants Bank

Whether we call it internet finance or financial technology, all innovations need to honor the core values of financial services. That is, they must be based on data and driven by technology to boost revenue and lower operating costs.