Discussion on the Role of Finance in Financial Innovation and Its Application

  
The ever-changing financial environment at home and abroad not only puts forward new requirements for financial engineering innovation, but also provides favorable conditions for its further development. Compared with traditional finance, financial engineering is a relatively new discipline, which plays an irreplaceable role in promoting financial innovation and development based on data analysis and operational research. The application of financial engineering can give full play to its great advantages, predict the risks involved in finance in advance and emphasize finance. The timeliness and expandability of management have obvious effect on preventing financial risks, and at the same time avoid the bad development of national finance. This paper discusses the problems faced by financial engineering in financial innovation, the application of financial engineering in financial innovation and the role of financial engineering in financial innovation.