In the 2nd Sina C+ Summit and Financial Technology Forum, the guests discussed around innovation, risk and supervision of the new financial model.
Regarding innovation, Yang Tao, assistant director of the Institute of Finance of the Academy of Social Sciences, said that it is difficult to define what is traditional finance and new finance, and only financial technology that is constantly changing under the influence of technology. Wu Hao, deputy general manager of Zhong An Insurance, said that it must be a combination of financial technology and science and technology, not just the Internet as a channel.
Regarding risks, Yang Tao believes that risk itself is the core element and the most basic function of finance. It requires different perspectives when understanding new technologies and new financial risks. The view of Jin Lin is rather special. The rise of Internet finance in this round began as early as the beginning of Internet Finance in 2013, and the main driving force was regulatory arbitrage.
As for supervision, Xu Yaoqi, chief operating officer of Zheshang International Financial Asset Center, said that financial risks arise because of arbitrage, and the biggest risks come from government arbitrage, financial industry arbitrage, physical industry arbitrage, individual enterprise arbitrage, and even individuals. Investor arbitrage.
Jin Lin, vice president of JD Finance, pointed out that in fact, supervision is not only facing the risks of FinTech in this area, but actually the challenge in the traditional field is even greater. Because under the framework of separate supervision, businesses still face the same type of business. The fact that different business entities do things under supervision costs is not the same. As a result, there is huge room for regulatory arbitrage.
Banking Regulatory Commission encourages commercial banks to engage in technological innovation and entrepreneurship equity investment
On the 3rd, the second meeting of the 7th General Assembly of the China Banking Association was held in Beijing. The Chairman of the Party Committee and Chairman of the China Banking Regulatory Commission, Shang Fulin, delivered a speech. There was a paragraph stating that “commercial banks can participate in venture capital business as subsidiariesâ€. According to industry insiders, this means that commercial banks will be able to officially enter the VC field.
The traditional commercial banks are very limited in their business. According to the definition of commercial banks' functions, “the responsibilities are through deposits, loans, exchanges, savings, and other financial institutions that undertake credit intermediationâ€. The main business is deposits and loans, and the “Commercial Banking Law†makes it clear. It stipulates that "commercial banks shall not invest in non-self-use real estate or invest in non-bank financial institutions and enterprises."
However, some banking practitioners revealed to Lei Fengwang that there are many banks and financial groups that have actually started to work on venture capital, including Zhaoyin International of China Merchants Bank, CCB International of CCB and other banks. Channels put money out." According to reports, the China Banking Regulatory Commission (CBRC) had documented last year that the city commercial banks could partially conduct pilot investment projects. This year, it further clarified that commercial banks can engage in technological innovation and venture capital investment.
However, some banking practitioners revealed to Lei Fengwang that there are many banks and financial groups that have actually started to work on venture capital, including Zhaoyin International of China Merchants Bank, CCB International of CCB, and other banks. Channels put money out." Banks engaged in investment business, as Shang Fulin said, can use investment income to hedge loan risk losses. “A lot of banks want to do this business. Loans are too difficult to do, let’s say we receive 10 points of interest (in fact, Cannot close so much, but at a loss it will lose 100% of the principal."
With machine learning to do risk control, why do you get thousands of pre-IDG gold investment?
Lei Feng Network (search "Lei Feng Net" public concern) was informed that Fintech CreditX æ°ª recently officially completed tens of millions of yuan Pre-A round of financing, funded by Zhang Shiyang's newly founded fund, Zhang Shiyang volcanic stone capital, Real funds follow the vote. At the end of 2015, Ruan Xin also received 7 million yuan angel financing led by a real estate fund.
Yuxin mainly uses machine learning and big data analysis technologies to provide risk credit assessment and user value operations, providing financial companies with risk control and marketing decisions. Lucent's products include non-random engines and XCloud, the former is a big data risk control decision engine; the latter can be simply understood as DAAS (data as a service) services based on big data.
Zhu Mingjie, founder of the company, said that since the product was formed at the end of last year, the company has cooperated with more than 50 financial institutions, including traditional financial companies such as Minsheng Bank and Bank of China Consumer Finance, as well as a financial network, small win financing, and a money bank. , rain gold services and other Internet finance companies. Non-random engine In the traditional financial scenario, the KS value of the risk control indicator is raised above 50%, and the KS value is also leading in the anti-fraud effect of Internet finance.
At the end of Alipay, it will launch a scenario service platform “in placeâ€After announcing that it would levy a 0.1% service charge on individual customers for cash withdrawals beyond the free limit, Alipay is showing off new moves.
On April Fool's Day last year, Alipay released a creative video, saying that it would launch a system called Alipay Everywhere (Chinese name “in placeâ€) to meet the needs of users looking for nearby people to borrow money, borrow charging treasures and even borrow toilet paper and other wonderful things. demand. Although the case presented in the video is somewhat irrelevant, the underlying data technology does have a true basis and is not unrealizable.
According to information received by Lei Fengnet, Alipay is currently working on implementing this April Fool's Day idea in its products, and plans to release it in late September or early October.
In July of this year, the president of Ant Financial Services, Jing Xiandong, mentioned the three major trends in the future of Internet finance when interviewed by Caixin. The first of these was “scenario financeâ€, providing product services in each specific application scenario. In this regard, although Jing Xiandong aims to emphasize the use of data to optimize the interaction between merchants and users, the interaction between users and users seems to be Alipay's question.
Smart Investment Advisor 3.0: What is the future of smart investment advice from the perspective of analysts?
Currently, we are in the iterative period of smart investment advice (robot financing) technology. Last week, Celent senior analyst William Trout attended the online seminar entitled “Intelligent Investment Advisor 3.0: What Is It? Where Are We Going?†The meeting will discuss the expected course of technological development in connection with this related wealth and asset management issues.
Analysts pointed out that with the advent of intelligent advisors such as Betterment and Wealthyfront, traditional financial institutions such as Merrill Lynch and Schwab began to realize that these new fintech companies are serving customers not just those they have no time for.禧) The (net) generation (value) groups have gradually pushed the market to high-net worth, old-age groups, etc., which originally belonged to their gold owners. So they tried to fight back (obedience). Moreover, analysts also pointed out that adapting to the trend of the times is the only way to survive.
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