With the advent of the era of big data, Internet of things technology and wireless communication technology have been in a state of rapid development. Opportunities and challenges in all walks of life are being subverted. Financial management, as the foundation of corporate governance, is important for improving economic efficiency and achieving sustainable business development which plays an important role. In order to realize the management and classification of financial big data, better identify the financial data of different enterprises, strengthen the safe storage of financial information, and provide early warning for the security issues involved, this article is based on the Internet of things and wireless communication networks. In the method part, this article introduces the framework of the Internet of things, Bluetooth, and infrared data transmission in wireless network communication and the principles of financial big data. The algorithm introduces a single-user MIMO system, free space propagation, and spectrum and energy efficiency. The analysis part analyzes the spectrum efficiency of different algorithms, social utility, average number of retransmissions, comprehensive scores of competitiveness in various fields of the Internet of things, and the significance of financial indicators. By comparing the data, it can be seen that the algorithm in this paper is superior to the two algorithms of IAN-CoMP and IA-CoMP. When the number of users is 100, the social utility of the algorithm in this paper is 4.45, while IAN-CoMP is 3.43 and IA-CoMP is 3.67. When the number of users increases to 700, the social utility of the algorithm in this paper is 28.34. The other two algorithms are, respectively, 24.45 and 25.99, and we know that the social utility of the algorithm in this paper is the best. Through comprehensive analysis, it is concluded that the financial big data model based on the Internet of things and wireless network communication in this paper can better realize data management and collection, so as to meet the needs of information developers.