How to write the 2017 banking industry analysis report
The personal loan business of commercial banks mainly includes: personal housing loans, personal consumption loans, personal business loans and credit card loans. The personal loan business has the characteristics of a wide range of objects, small single volume, and diversified risks. It is an area with great growth potential under the background of interest rate liberalization. Compared with the corporate business, the customer base of the personal business is relatively stable, deposit fluctuations are smaller, the single amount of personal loans is small, the risks are relatively dispersed, and it has the effect of stabilizing profits during economic downturns.
Ranking of the Top Ten Online Loan Platforms in 2017
Now when people are in urgent need of money, in addition to traditional banks and loan companies, there is a new loan method. That is
. Borrowing money online is fast and convenient, saving borrowers a lot of time, but now there are many online loan platforms. Which online loan platform is the best? Today I will give you a summary of the top ten online loan platforms in 2017. I hope it will be helpful to you.
1. Lufax
The full name of Lufax is Shanghai Lujiazui International Financial Assets Trading Market Co., Ltd., which was established in September 2011. The company has a registered capital of 836.67 million yuan, and the online loan platform was officially launched in January 2012. What Lufax has, there is no doubt about its safety.
2. Hongling Venture Capital
Hongling Venture Capital, the full name of Hongling Venture Capital E-Commerce Co., Ltd., was officially launched in March 2009 and focuses on Internet financial services. It has been 7 years now. As of March 2, 2017, the number of registered people exceeded 1.44 million, and the total transaction volume exceeded 226.9 billion yuan. More than 40 provincial branches have been established across the country, and Internet financial experience stores have been set up in major cities. As an Internet financial service platform established in China for more than 7 years, Hongling Venture Capital has always given top priority to protecting the interests of investors. With its pioneering principal advance payment model, it has been rapidly developed in the industry and has won a good reputation among investors.
3. Renrendai
Renrendai is an online loan platform with person-to-person small loans as its main product. Renrendai is China’s earliest P2P network based on the Internet. Since its establishment in May 2010 as one of the lending information intermediaries, Renrendai’s services have covered more than 2,000 regions in more than 30 provinces across the country, served hundreds of thousands of borrowers, and successfully helped them obtain financing through credit applications. loan.
4. Paipaidai
Paipaidai is China's first P2P pure credit unsecured online lending platform. Paipaidai was established in June 2007. The company's full name is "Shanghai Paipaidai Financial Information Services Co., Ltd., headquartered in Shanghai, is an online information lending platform. The team of Paipaidai is a team full of dreams. The founding team comes from famous companies such as Microsoft. While striving to create value for users, the Paipaidai team is also working hard to realize its own value.
5. Ping An Puhui
Ping An Puhui is a business cluster affiliated to an associated company of Ping An Insurance (Group) Co., Ltd. of China. Adhering to the brand concept of "Trust is Power", we use innovative technology and excellent customer experience to provide better loan services to small and micro enterprises and individual customers, and create a consumer finance brand trusted by global loan customers.
VI. Huijin Institute
Huijin Institute is an Internet financial platform initiated and established by Sunshine Insurance. Founded in April 2015, Huijin Institute is committed to serving individuals, enterprises, and financial institutions. Provide financial asset transaction information services and create a comprehensive Internet financial service platform. The service targets provide diversified investment and financial management options for qualified investors, provide financing channels for personal consumption and small, medium and micro enterprises, and provide a transparent and convenient transfer platform for non-standard financial assets.
7. Yirendai
Yirendai is a Chinese online financial service platform founded by CreditEase in 2012. Yirendai provides credit loan consulting services to Chinese urban white-collar workers through technological means such as the Internet and big data, and provides financial consulting services to investors through the "Yiren Financial Management" online platform. On December 18, 2015, Yirendai was successfully listed on the New York Stock Exchange in the United States, becoming the first Chinese Internet finance stock to be listed overseas.
8. Yidai.com
Yidai.com is one of the most professional Internet financial platforms in China. It combines inclusive financial development and Internet technology innovation to provide individuals and small and micro enterprise groups with Provide professional and fast loan services to help them solve financing difficulties. The platform covers 371 cities across the country, has more than two million registered users, and provides tens of billions of yuan in loan services to various customers every year.
9. Youwodai
Youwodai is an online lending information intermediary platform established in June 2011. Youwodai has a registered capital of 100 million yuan and aims to establish efficient, transparent, safe and convenient Internet financial services for small and micro business owners or individuals with financing and investment needs.
Current status of rural development in 2017-2022
In 1993, the Institute of Rural Development of the Chinese Academy of Social Sciences imitated the microfinance model of Grameen Bank of Bangladesh (gb) and established the " Poverty Alleviation Economic Cooperatives" opened the way to experiment with microfinance in China.
In 1995, the United Nations Development Program (undp) and the China International Economic and Technical Exchange Center implemented microfinance projects in 48 counties (cities) in 17 provinces across the country, and began urban microfinance targeting laid-off workers.
In accordance with the requirements of the People's Bank of China for credit support to "agriculture, rural areas and farmers", rural credit cooperatives have comprehensively piloted and promoted microfinance activities, using free deposits and central bank re-loans as funds to carry out credit loans and joint guarantees loan. , Microfinance was clearly proposed in the Central Document No. 1, triggering demonstrations on the theory and practice of microfinance. As the "Year of Microcredit", the No. 1 Central Document pointed out: "Where conditions permit, we can explore the establishment of microfinance organizations that are closer to the needs of farmers and rural areas and initiated by natural persons or enterprises." After all, the People's Bank of China in Shanxi Five pilot provinces (regions), Shaanxi, Sichuan, Guizhou, and Inner Mongolia, began to advocate commercial microfinance pilots. In these areas, Shanxi Pingyao Rishenglong Company, Guizhou Jiangkou Huadi Company, Sichuan Guangyuan Qili Company, Inner Mongolia Ordos Rong There are a total of 7 pilot commercial microfinance companies including Feng Company, Shaanxi Huxian Xinchang Company and Dayang Huixin Company.
On May 4, the China Banking Regulatory Commission and the People's Bank of China jointly proposed the "Guiding Opinions on Corporate Pilots", requiring the effective allocation of financial resources and guiding the flow of funds to rural and underdeveloped areas. regions, improve financial services in rural areas, promote the development of agriculture, farmers and rural economies, and support the construction of a new socialist countryside. With the introduction of relevant government policies to encourage private funds and overseas funds to enter the field of microfinance. Across China, new rural microfinance institutions such as companies, village banks, and rural financial cooperatives have successively established and launched microfinance projects.
2. Existing deficiencies in rural microfinance in my country
1. There is a large gap in the supply of microfinance funds
With the acceleration of rural economic development, The buyer's market for microfinance is too large. The "agriculture, rural areas and farmers" have an increasing demand for microfinance funds. In addition, some microfinance projects in China cannot absorb public deposits and can only rely on external capital injections. The lack of sustainable funding sources has affected the funding of microfinance. supply, exacerbating the imbalance between supply and demand of rural microfinance funds, creating a situation where demand exceeds supply. Taking rural credit cooperatives as the main body of microcredit issuance as an example, due to the influence of many factors, the ability of rural credit cooperatives to absorb idle funds from the society is obviously weaker than other financial institutions. First of all, due to the constraints of rural credit cooperatives' own software and hardware, the level of financial products and services lags behind that of commercial banks, and they cannot provide customers with comprehensive and thoughtful services, resulting in the inability of idle funds to flow into rural credit cooperatives; secondly, as the urbanization process of the rural population continues to deepen, Part of the deposits that had briefly stayed in rural credit cooperatives gradually flowed into the city.
2. New rural financial institutions have weak financial self-reliance
The existing domestic microfinance institutions are mainly microfinance institutions run by non-governmental organizations and government-led microfinance institutions with a poverty alleviation nature. microfinance institutions and commercial microfinance institutions. At present, although microfinance institutions have helped improve the level of financial services for the poor in the short term, most microfinance institutions have weak financial self-reliance and lack sustainable development capabilities. First of all, government-led institutions mostly serve the government's poverty alleviation tasks and do not consider establishing goals and measures for the long-term sustainable development of projects and institutions; secondly, among existing non-governmental microfinance institutions, there is no way to achieve sustainable operations. There are only a few institutions (that is, after excluding subsidies, interest and other income can compensate for operating costs, bad debt losses and capital costs with subsidies); finally, the development of companies, rural banks, etc. promoted by financial regulatory authorities also face funding constraints. It is difficult for some new rural financial institutions to develop.
The "middle-aged" Haier has been in the financial business for 19 years, and its three major consumer finance businesses have different development prospects
With the arrival of 2020, I use a Haier refrigerator at home and watch The first batch of post-90s generation who grew up in the Haier Brothers cartoon are over 30 years old and are jokingly said to have entered middle age.
Haier Group, a well-known electrical appliance company founded on December 26, 1984, has just celebrated its 35th birthday. At the same time, Haier’s financial business layout has also entered its 19th year.
On July 17, 2001, the Qingdao Central Branch of the People's Bank of China approved Qingdao Haier's investment in Bank of Qingdao, and Haier officially entered the financial business. According to the 2019 third quarter report of Bank of Qingdao, as of the end of September 2019, Haier Group's three subsidiaries still held a total of 17.15% of its common shares.
In 2014, Haier Financial Holdings obtained a business license and integrated the financial enterprises of Haier Group. Haier Group planned it as a "pillar industry for Haier Group to implement its network strategy". Haier's 100 billion asset scale financial overall situation That's it.
Official information shows that Haier Financial Holdings currently has 9 financial institutions, 5 investment institutions, and 2 equity participation in banking and insurance companies, and has more than 70 financial license resources. It mainly involves subsidiaries such as finance companies, consumer finance, financial leasing, financial factoring, small loans, and third-party payment. According to reports, at the same time as the integration in 2014, Haier Financial Holdings also established a new financial enterprise.
Haier’s three entities involved in the field of online consumer finance are the Internet small loan company Haier Cloud Loan, the licensed consumer finance company Haier Consumer Finance (hereinafter referred to as: Haier Consumer Finance), and the P2P platform Hairongyi , both established in 2014. The three companies were all based on "industry" at the beginning. Both Haier Cloud Loan and Hairongyi platforms mainly focus on B-end customers. Hairongyi's business is mainly supply chain finance, and the borrowers are positioned at suppliers, dealers, users and logistics. Haier Consumer Finance is positioned as the first licensed consumer finance institution integrating industry and finance.
Haier Cloud Loan: The full name of Haier Cloud Loan, one of the four core financial companies, is Chongqing Haier Co., Ltd. It is currently wholly owned by Chongqing Haier Cloud Chain Technology Co., Ltd. After two external financing increases, Haier Group currently holds 79.94% of the shares of Haier Cloud Chain and is one of the core companies in the four sectors of Haier Financial Holdings.
According to previous reports, Haier Cloud Loan first focused on industrial finance, and later expanded to small and micro enterprises, and then extended to consumer finance in C-end scenarios. In terms of loan types in 2018, mortgage loans accounted for the highest proportion. .
Haier Cloud Loan’s self-operated loan app is called Haiyida. Its products include Jiajia Consumer Loan, concentrated market loan, Huiye Loan, Wanlian Puhui Loan, Lin Runche Commercial Loan has the largest number of applicants for Jiajia Consumer Loan.
In addition, Haier Small Loan has developed car financing leasing, mortgage loans, medical beauty scenes, etc. through the establishment of subsidiaries, investments, etc. For example, Haier Cloud Loan indirectly holds the shares of the medical beauty installment giant Mimou Financial Services. shares, and jointly established the educational installment platform Haimi Guanjia with Mimou Financial Services in April 2018. The wholly-owned Chongqing Haika Technology owns the Mala Shidai App, etc.
According to incomplete statistics, Haier Cloud Loan has also reached loan assistance cooperation with many mutual financial platforms, such as 51 Provident Fund, Flash Silver, Hope Technology, etc.
At the end of 2016, the balance of Haier Cloud Loans reached 5.5 billion yuan. In 2017, Haier's small loan loan amount was 18.129 billion yuan, the loan balance was 8.215 billion yuan, the total operating income was 756 million yuan, and the net profit was 128 million yuan. The net profit accounted for 6.75% of the financial holding ratio.
As of the end of 2018, Haier's cloud loan loan balance was 7.333 billion yuan, a decrease of 10.73% from the end of the previous year. The decline in loan pressure was related to the strong financial supervision and the reduction of leverage ratio.
On the basis of a 10.73% decrease in loan balance, Haier Cloud Loan achieved total operating income of 1.576 billion yuan and net profit of 183 million yuan in 2018, an increase of 108.55% and 32.48% respectively over the previous year.
According to recent reports, as of November 2019, the balance of Haier Cloud Loan loans was 9.9 billion yuan, an increase of 35% from the end of 2018. From the data, it can be seen that Haier Cloud Loan is returning to growth and even starting to accelerate. It is conceivable that Haier Cloud Loan's revenue and income will maintain strong growth.
Haier Consumer Finance: Accelerating the pursuit of Haier Cloud Loan
In December 2014, Haier Consumer Finance was established. Haier Group and Haier Group Finance Co., Ltd. each hold 30% of Haier Consumer Finance. and 19% of the shares, for a total holding of 49%.
Haier Consumer Finance has received a lot of support from Haier Group. Relying on the background of the home appliance group, Haier Consumer Finance initially tapped the consumer market with zero-yuan purchases of home appliances, and has also obtained loans from Haier Finance Company many times to obtain funds.
The business of Haier Consumer Finance, which has a high starting point, has been described as "tepid" before. In 2016, Haier Consumer Finance's net profit was 43 million yuan, and in 2017 it was 47 million yuan, not only lagging behind other consumers that opened in the same period. Financial companies also lag behind Haier Cloud Loan. According to the shareholder financial report, in 2018, Haier Consumer Finance achieved operating income of 1.049 billion yuan and a net profit of 168 million yuan, ranking seventh among licensed consumer finance companies in terms of profit scale. But other news shows that Haier Consumer Finance has announced that its total profit in 2018 reached 210 million yuan. If calculated according to the latter, Haier Consumer Finance’s profit performance ranks sixth, surpassing Haier Cloud Loan. In the first half of 2019, Haier Consumer Finance’s operating income was 678 million yuan and net profit was 128 million yuan. Net profit increased by 110.34% year-on-year, ranking sixth.
The rapid performance improvement may be related to the consumer finance market becoming increasingly popular and the value of licenses appearing.
From a business perspective, it may also be related to the development of cash loan business. According to previous reports, Haier Consumer Finance started with the scene installment business and carried out business in scenes such as home furnishing, home appliances, and home decoration where shareholders have abundant resources. It also expanded into external scenes such as education, medical beauty, travel, rental, and insurance, and later gradually expanded to Cash loan business.
In August 2017, Haier Consumer Finance launched a dedicated cash loan app called Guohua. Reports in August 2018 showed that Haier’s cash loan business accounted for about 60%, which is higher than scene finance.
Rapid development will inevitably lead to some problems. Many consumer finance companies cooperate with lending institutions, and Haier Consumer Finance is no exception. However, Haier Consumer Finance also frequently encounters "thunders". According to previous reports, Haier Consumer Finance has reached strategic cooperation with CMA CGM and Aicai Group to provide personal consumption credit services.
Recently, the founder of Aicai Group surrendered, its subsidiary Hangzhou Xinfu Asset Management Co., Ltd. was placed under investigation, and CMA CGM announced P2P liquidation and transformation. However, most lenders are worried and the situation is not optimistic.
In addition, in August this year, the loan platform Hiqian.com was exposed by the media and was investigated for involvement in gangs and crimes. According to online information, Haier Consumer Finance is also one of the investors of Hiqian.com. Some borrowers also claimed that they had paid off their debts but were told by Haier Consumer Finance that they still owed money. This may be related to the fact that the Hiqian.com account was frozen and the money was not transferred to the Haier Consumer Finance account.
Haierongyi: The loan balance is less than 400 million, or it may gradually exit
Haier has had a clear-cut stand and a firm attitude since it started to engage in P2P, and has made no secret of its company background and platform promotion. , from the Haiergyi company registration information to the platform introduction, it is clearly stated that it is a Haier holding company.
Haier is a very credible endorsement. It can be seen from relevant media reports that Hairongyi’s transaction volume has maintained rapid growth before the major adjustment period in the P2P industry. In June 2015, the transaction volume of Hairongyi was 550 million yuan; in November 2015, the transaction volume exceeded 2.6 billion yuan; in November 2016, the transaction volume exceeded 20 billion yuan; in January 2018, the transaction volume exceeded 50 billion yuan .
Looking at the matching transaction volume alone, as of December 31, 2019, Hairongyi’s matching transaction volume reached 24.47 billion yuan, and the average annual matching transaction volume also exceeded 4 billion yuan.
However, as withdrawal has become the main theme of P2P online lending, in November, the Shandong Local Financial Supervision and Administration Bureau issued the "Risk Warning Letter for the Online Lending Industry" stating that currently, the P2P online lending industry is undergoing special risk rectification , so far no Pingquan has passed the inspection and acceptance. In the future, all P2P online lending businesses that have not passed the inspection will be banned across the province.
According to official website information, as of press time, Hairongyi’s last bid was issued on December 26, and the current amount to be collected is 340 million yuan. According to statistics, Hairongyi’s pending collections were 5.35 yuan in August, 497 million yuan in September, 429 million yuan in October, and 367 million yuan in November; the pending collections are gradually declining. The future of Hairongyi is not clear, and it may transform and exit.
In addition, Wang Wei, the founder and president of Hairongyi, is the major shareholder of Shanghai Lezhuan Industrial and Trade Partnership, which is the second largest shareholder of Qingdao Lehuahua Network Technology Co., Ltd., and Qingdao Lezhuan The major shareholder of Huahua is Haier Financial Holdings, and Lehuahua owns a cash loan product called Lehua.
A screenshot provided by a user shows that he is borrowing money from Happy Flower. The postscript of the fund is "Hairongyi customers withdraw funds", and the other party's account is a Hengfeng merchant, which is consistent with the Hairongyi depository bank. Therefore, it can be basically confirmed that Lelehua is a loan product of Hairongyi. Lelehua has received a large number of complaints for tying accident insurance, soft-violence collection, etc. Qichacha shows that Lehuahua is currently operating abnormally. According to reports in November, Lelehua has suspended lending.
Haier Consumer Finance and Haier Cloud Loan maintain rapid growth and gradually close the gap, while Hairongyi's data gradually declines and cash loan products are suspended, which further highlights the importance of licensed operations.
Judging from the growth rates of the first two, it is still unclear who will win. However, from a business perspective, the two have some overlap in the consumer finance business, but they are generally different from each other. Perhaps both can achieve "each other's excellence" in the field of consumer finance.
What is the green credit balance of Bank of Communications in 2017
According to Bank of Communications’ 2017 financial statements, as of December 31, 2017, Bank of Communications’ green credit balance was 373.925 billion yuan . Bank of Communications continued to increase its support for green finance in 2017, with green credit balances increasing by 17.2% year-on-year, and the growth rate increased compared with 2016. Bank of Communications regards green finance as an important development strategy, actively promotes green financial innovation, promotes green financial development, supports green economic development, promotes green financial product innovation, increases support for green finance, promotes green financial development, and supports green economy development and made important contributions to green development.
Small cash loan market and product analysis
In the past few years of the rapid development of Internet finance, there is an industry that has been pushed to the forefront in the past year or two, firstly because of its The development has filled the gaps in the financial industry and implemented the concept of inclusive finance; secondly, it has attracted various doubts due to high interest rates and industry irregularities. It is the small cash loan industry.
In 2013, Yu’e Bao was launched, driving the rapid development of the Internet financial industry. The essence of finance is the connection of funds, and Internet finance is no exception. One end connects borrowers and the other end connects investors. Yu'e Bao makes it possible for "universal financial management"; the cash loan industry can be said to make "universal borrowing money" possible.
Without further ado, let us unravel the mystery of the cash loan industry and analyze the excellent cash loan products on the market.
Cash loan is the abbreviation of cash loan business. It is an unsecured, unsecured, and scenario-free credit loan granted to natural persons. The borrowing and repayment methods are flexible and convenient, the approval is timely, and the credit is received quickly.
Generally speaking, cash loans refer specifically to short-term cash loan business, that is, personal loans with a loan period of 6 months or less and a loan amount of less than or equal to 10,000 yuan
According to the types of cash loan businesses currently on the market, you can They are divided into four categories: borrow-and-repay loans, ultra-short-term loans (similar to foreign payday loans), short-term loans, and medium-term loans.
Baidu search index shows that the cash loan industry has been booming since 2015 and reached its peak in 2016. In 2017, as supervision became stricter, the industry faced a big wave.
The cash loan industry allows long-tail users who cannot be served by banks to enjoy financial services. This is inevitable for the development of the market. Before the emergence of Internet finance, "private lending" and "private lending" were the prototypes of cash loans. Cash loans solve the urgent funding needs of small users and are deeply loved by users in market segments. At the same time, cash loans have been questioned recently, with all kinds of negative news emerging one after another, heavy supervision, and a reshuffle is coming. For excellent cash loan companies, this may not be a bad thing. The big waves wash away the sand, and all that is left behind is gold.
At present, the cash loan industry is a mixed bag. Some of the more outstanding ones on the market include 2345 Loan King, Cash Bus, Mobile Phone Loan, Paipai Dai, and Yiren Dai. This article focuses on analyzing the ultra-short-term small cash loan industry. Strictly speaking, Yirendai borrowings do not fall into the category of ultra-short-term loans. Although Paipaidai’s borrowing side does fall within the category, due to the large number of comprehensive businesses of Paipaidai, it cannot be completely regarded as a small-amount loan. The cash loan industry is also outside the scope of this article.
Before analysis, we first have a preliminary understanding of these three companies.
Mobile loan is an intelligent microfinance product under Qianlong Financial, based on an intelligent risk control system based on big data, cloud computing, and machine learning. Since its establishment in October 2013, it has accumulated nearly 20 million registered users, making it a promising company for investment by Sequoia Capital.
2345 Loan King is a small cash loan product under the A-share listed company 2345. In the first half of 2017, 2345 Loan King’s net profit was more than RMB 400 million, accounting for half of 2345’s revenue. It is well-deserved Money-attracting king.
Cash Bus is a full online process network loan APP based on the mobile Internet, which mainly solves users' micro-loan needs in daily life. The "Cash Bus" service team uses big data and machine learning to create a fully automated process, aiming to provide users with a simple, convenient, flexible and fast new borrowing model.
Next, let’s briefly analyze these three products from the perspective of user experience elements. The user experience elements from abstract to concrete are: strategy layer, scope layer, structure layer, framework layer, and presentation layer, as shown in the figure below:
The functions of the cash loan app are very simple, and the basic functions include borrowing money , certification, card binding, progress inquiry, repayment, etc., almost all of them are available. In terms of expanded functions, mobile phone loans are the richest. Mobile phone loans can be used for flash loans and cash installment loans. If the platform funds are insufficient, they can be diverted to other cooperative platforms. Currently, they are relatively large. However, mobile phone loans lack the function of users actively initiating limit increases, and limit increases can only be initiated by the system. The simplest function range is Cash Bus, which is similar to the flash loan function of mobile phone loans. It only provides 500/1,000 yuan, 7/14 days of borrowing, and there are many restrictions on the loan amount and loan period.
The functional structure of small cash loan products is relatively simple. The following performance layers are: mobile phone loan, 2345 Loan King, and cash bus.
Mobile loan and 2345 Loan King have scrolling advertising spaces at the top, which are basically the same routines on the APP. However, the price comparison of the advertising copy design of mobile loan is ugly. Why are the designers of mobile loan doing that? Already?
In terms of functions, mobile phone loans are available in cash installments and single installments. Currently, mobile phone loans mainly promote cash installments, and the amount and number of periods are also constantly increasing. Installment products have lower risks and higher handling fees than single-issue products. , and can improve user stickiness. The interface of 2345 Loan King is relatively simple. You can slide the loan amount to choose at will, but the loan period is limited to 1 month. The functions of the Cash Bus product are extremely simple, with two types of amounts and two types of terms. It is a product that maximizes the ultra-short-term borrowing experience. However, the shorter the period of ultra-short-term products, the higher the overdue income will be, but the corresponding platform income will also be higher (earning overdue penalty interest, etc.)
The common path for the development of Internet finance was first set off by Yu'e Bao The wave of national financial management, then the mushrooming of P2P companies, and then the explosion of the small cash loan industry. There are still hundreds of millions of cardless (credit card) users in China, and their financial needs are also urgent. The author believes that companies that can do the following points well can survive in the waves.
1) Understand the essential needs of users. For example, users of small cash loans pursue borrowing money first, and borrowing money quickly second. For the sake of speed, there is no insight into the core needs of users.
2) Multi-dimensional risk control system. The intelligent risk control system based on big data depicts the probability of user loan overdue from more dimensions. Risk control and user experience are seesaws, and a balance needs to be found. One of the future development directions of big data risk control is how to build a risk control system based on high user experience.
3) Keep up with the regulatory pace.
The biggest risk in Internet finance is regulatory risk. Small cash loan companies need to keep up with the regulatory pace, understand regulatory policies thoroughly, and cooperate with reforms in a timely manner. Companies that take chances often don't make it far.
To sum it up in six words: users, risk control, supervision
That’s it for the introduction to the development prospects of the loan industry in 2017.