Chinese Journal of Intelligent Science and Technology ›› 2020, Vol. 2 ›› Issue (3): 214-226.doi: 10.11959/j.issn.2096-6652.202024

• Surveys and Prospectives • Previous Articles     Next Articles

Intelligent innovative regulatory tools on financial technology:concept,platform framework,and prospects

Hongfeng CHAI1,Shuai WANG1,3,Xiaojun TU1,Quan SUN1(),Xiaofeng MA2,Jie WU3,Hua CAI1,Xiaolong ZHENG4,Fei-Yue WANG4   

  1. 1 China UnionPay Co.,Ltd.,Shanghai 201201,China
    2 School of Electronics and Information Engineering,Tongji University,Shanghai 200092,China
    3 School of Computer Science,Fudan University,Shanghai 200433,China
    4 The State Key Laboratory for Management and Control of Complex Systems,Institute of Automation,Chinese Academy of Sciences,Beijing 100190,China
  • Revised:2020-08-28 Online:2020-09-20 Published:2020-10-20
  • Supported by:
    Excellent Technology Leader Program of Science and Technology Commission of Shanghai(19XD1433700);Consulting Research Program of the Chinese Academy of Engineering(2020-XY-30)


In view of the complex and severe challenges faced by financial technology regulation and the lag behind situation of the existing regulatory sandbox which is highly dependent on manual operation,the important feature and development trend of the Chinese “innovative regulatory tools on financial technology” lie in “intelligence” were pointed out.A systematic platform framework of “intelligent innovative regulatory tools on financial technology” was proposed,that is,use modern means of science and technology to realize the full life cycle supervision of financial technology innovative applications.The elements of innovative regulatory tools were elaborated,including the underlying blockchain,public opinion monitoring platform,explainable artificial intelligence based on knowledge graphs,and presented the key technologies involved.The new iterative methodology used in the development of the innovative regulatory tools platform was introduced,i.e.,the spiral development model and iterative design driven by the hierarchy of needs.Towards the end,some thoughts and prospects on the proposed innovative regulatory tools were put forward,and the regulatory tools are expected to create a set of regulatory technology infrastructure to serve regulatory authorities and financial institutions were pointed out.

Key words: financial technology, regulatory tools, blockchain, smart contracts, public opinion monitoring, knowledge graph

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