金融科技為改善金融包容和遏制金融排斥、滿足多元化投融資需求提供了技術基礎。金融科技是新技術驅動和監管升級對傳統金融造成擠壓而催生的金融服務業態。金融科技借助技術安排可以為公眾利益重塑金融業,促進普惠金融和金融民主化,實現財富公平分配。相比之下,以互聯網金融為代表的金融科技與區域產業對接,為行業和實體經濟提供資金支持。但是,金融科技面臨著有效監管和普惠金融之間的悖論,既要鼓勵普惠金融,實現包容性金融,又要克服金融風險,防止監管失靈。從控制金融風險的視角看,有效利用科技,完善監管工具,優化監管路徑為克服這種悖論提供了一定的可行性和現實性。

FinTech is to bring new changes and challenges to both financial market and financial regulation. FinTech is likely to change the landscape of financial market due to the new technologies and new market players, which are not conventional to the regular financial sectors. FinTech is also likely to challenge the existing regulatory system leading to regulatory failure if these new challenges are not addressed well enough through effective regulatory instruments. The underlying logic of regulating FinTech is to allow financial innovation and financial inclusion so as to benefit financial consumers and financial sectors as a whole. This dilemma needs to be dealt with by applying more sensible financial regulatory ideology, technologies and instruments. From the perspective of containing financial risks, relying on TechReg, optimizing regulatory tools and improving regulatory framework offer the probability and possibility to overcome the dilemma.