A Study on the Impact of Financial Technology on Innovation in Small and Medium-Sized Enterprises

Xinjie Wang

doi:10.54097/hzteh638

Authors

Xinjie Wang Amberson High School, Toronto, Canada

DOI:

https://doi.org/10.54097/hzteh638

Keywords:

Financial technology, SME innovation, financing constraints, information asymmetry.

Abstract

In recent years, financial technology has become an important force in the financial sector, providing small and medium-sized enterprises (SMEs) with new financial tools and solutions. This paper starts from the concept of financial technology and the challenges faced by SME innovation, explores in depth how financial technology promotes SME innovation, analyzes its mechanisms and some challenges encountered in the process, and puts forward policy recommendations in terms of training, privacy and security, and policy stability, to promote the sustainable innovative development of SMEs in the era of financial technology.

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