Research on the Innovative Model of Financial Technology in Cross-border Financial Services
Abstract
The rapid development of financial technology (FinTech) has significantly transformed cross-border financial services, addressing
inefficiencies in traditional banking systems. Innovations such as blockchain, artificial intelligence, and digital payment platforms enhance
transaction speed, security, and cost-effectiveness. These advancements facilitate seamless international remittances, trade finance, and multicurrency transactions, fostering financial inclusion and global economic integration. Additionally, regulatory technology (RegTech) ensures
compliance with international standards, reducing fraud and operational risks. As FinTech continues to evolve, its role in cross-border finance
expands, driving efficiency and accessibility for businesses and individuals worldwide. This paper focuses on the innovative mode of financial
technology in cross-border financial services, and analyses the innovative paths of digital cross-border payment, blockchain clearing and settlement, intelligent risk control review, cross-border identity authentication, etc., which effectively solves the pain points of traditional crossborder finance by improving the efficiency, security and compliance level of cross-border financial services, and provides a new impetus for
promoting international trade facilitation.
inefficiencies in traditional banking systems. Innovations such as blockchain, artificial intelligence, and digital payment platforms enhance
transaction speed, security, and cost-effectiveness. These advancements facilitate seamless international remittances, trade finance, and multicurrency transactions, fostering financial inclusion and global economic integration. Additionally, regulatory technology (RegTech) ensures
compliance with international standards, reducing fraud and operational risks. As FinTech continues to evolve, its role in cross-border finance
expands, driving efficiency and accessibility for businesses and individuals worldwide. This paper focuses on the innovative mode of financial
technology in cross-border financial services, and analyses the innovative paths of digital cross-border payment, blockchain clearing and settlement, intelligent risk control review, cross-border identity authentication, etc., which effectively solves the pain points of traditional crossborder finance by improving the efficiency, security and compliance level of cross-border financial services, and provides a new impetus for
promoting international trade facilitation.
Keywords
Financial technology; Cross-border financial services; Intelligent risk control audit
Full Text:
PDFReferences
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DOI: http://dx.doi.org/10.70711/frim.v3i4.6486
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