A type of financial investment that is collateralized by an underlying pool of assets—usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, or receivables. It takes the form of a bond or note, paying income at a fixed rate for a set amount of time, until maturity. For income-oriented investors, asset-backed securities can be an alternative to other debt instruments, like corporate bonds or bond funds.
Published in Chapter:
How AI-Enabled Agile Internet of Things Can Enhance the Business Efficiency of China's FinTech Ecosystem
Poshan Yu (Soochow University, China & European Business Institute, Luxembourg & Australian Studies Centre of Shanghai University, China), Shengyuan Lu (Independent Researcher, China),
Michael Sampat (Independent Researcher, Canada), Ruixuan Li (Independent Researcher, China), and Aashrika Ahuja (Independent Researcher, India)
Copyright: © 2022
|Pages: 34
DOI: 10.4018/978-1-6684-4176-3.ch009
Abstract
According to the 2020-2021 evaluation report on the development of human intelligence computing power in China released by the global market analysis agency IDC, the scale of China's artificial intelligence infrastructure market reached $3.93 billion, a year-on-year increase of 26.8%. For the traditional financial industry, artificial intelligence will be an important step in improving its business efficiency and innovation. AI is an essential technology for traditional risk management and financial supervision. China's FinTech ecosystem will gradually move towards a new ecosystem of “Al + Finance.” This chapter aims to study how AI-enabled agile internet of things can enhance the business efficiency of China's FinTech ecosystem. This chapter will investigate the characteristics of China's AI-enabled agile internet of things. Case studies will be used for discussion. In addition, scientometrics analysis through CiteSpace will be conducted. Finally, this chapter will provide suggestions for policymakers to build a sustainable FinTech ecosystem for enterprises.