IMI-Hande Fintech Salon (No. 9):Block Chain vs. Artificial Intelligence
2017-03-16 IMIOn March 16, IMI-Hande Fintech Salon (No.9) was held at Renmin University. The salon invited Mr. Cai Kailong, the founder of the Touchstone Asset Management Company and the co-founder of the IFC1000, to deliver a keynote speech on "block chain vs. artificial intelligence, who will lead the future financial technology". The salon was chaired by Prof. Su Zhi.First, Mr. Cai shared his views on financial technology. He thought that financial technology is divided into four stages: the interdiscipline like calculating finance, the sector strategy within a company such as establishing the technology department of capital market, the regional business model of Internet Finance, and the Fintech industry with the core of technology and data.Then, Mr. Cai introduced the background of block chain and artificial intelligence, and made a comparison between them. He pointed out that, whether in terms of the scope of influence or application scenarios, artificial intelligence is far more developed than block chain and will become the main force guiding future changes. Artificial intelligence not only provides a large amount of data for the financial sector, but also helps achieve the high efficiency of financial applications. Therefore, financial sector has become the main sector of applying artificial intelligence. Intelligent investment consultant can learn how to optimize investment strategies through artificial intelligence, thus becoming the most popular application of financial technology.
Finally, he discussed three types of financial regulatory system and the regulatory trends in the future. He thought that financial regulation was an art of balancing. How to ensure the stable development of financial system while keep innovating is a tough issue for all regulators in the world.