With the rapid advancement of intelligent technology，smart finance has become the direction of transformation and upgrading in the financial industry，promoting the personalized，intelligent，and global development of financial services. This report provides an in-depth analysis of the development concept，current status，characteristics，main application scenarios，driving factors，and impact on the financial industry of smart finance. Moreover，the report also emphasizes the challenges faced in the development of smart finance，such as unbalanced development，data security issues，dependence on key technologies，shortage of high-end talent，and regulatory adaptability，which have constrained the healthy development of smart finance. To accelerate the high-quality development of smart finance，this report puts forward the following suggestions：first，strengthen policy guidance and support to promote the inclusive development of smart finance；second，enhance regulation and risk prevention，and continue to improve the data security protection system and institutional construction；third，increase R&D investment and establish industry-academia-research cooperation mechanisms；fourth，innovate regulatory models and monitor cross-department coordination mechanisms；fifth，reform the education system to accelerate personnel training and incentives.