The Impact Mechanism and Case Study of Financial Technology on Corporate Financing Constraints

Abstract

The financing constraints of enterprises are the core bottleneck that restricts their sustainable operation and innovative development, especially for small and medium-sized enterprises that face recognized problems in the industry such as information asymmetry, insufficient collateral assets, and narrow financing channels. Under the background of deep integration of digital technology and the financial field, financial technology provides a new path to alleviate financing constraints for enterprises by relying on mature technological advantages such as data processing, intelligent algorithms, and platform construction. This article adopts a combination of literature analysis and case studies to systematically sort out the theoretical basis of the impact of financial technology on corporate financing constraints. It focuses on analyzing the three core mechanisms of data-driven information asymmetry alleviation, platform based financing channel expansion, and intelligent risk pricing optimization. The actual application effect of these mechanisms is verified by taking online commercial banking services for small and micro enterprises (publicly available business models) and JD Technology supply chain finance (case disclosed on the company's official website) as examples. Research has found that financial technology can effectively alleviate corporate financing constraints by reducing transaction costs, improving financing efficiency, and covering blind spots in traditional financial services. However, it also faces industry wide challenges such as data security risks and inadequate regulatory adaptability. The conclusion of this article can provide reference for enterprises to use financial technology to optimize financing strategies and for policy makers to improve the financial technology regulatory system, thereby helping to solve the problem of "difficult and expensive financing" for enterprises.