Big data or the cornerstone of the great financial age

"By today's mechanism, I don't believe I can support the financial system that China needs 30 years from now." "At a recent meeting of the Zhejiang Merchants Conference, Ma Yun spoke about financial reform and said that the bank did not play a good role in the licence, and expressed the hope to use the Internet's big data to reform the banking industry."

With the rise of internet finance, banks are feeling the pressure of financial media from the big data age, and they are also aware of the strong competitive power brought by digging up data. Banks rely on channels, funds lying to do business of the "big era" is gradually away, relying on the supply chain information integration advantage of the supply chain financial model to become the bank to rise to the way of borrowing.

At present, to the people's livelihood, peace as the representative of the major banks in the supply chain finance continued exerting force. The "Supply Chain Finance 2.0" system launched by Ping An bank and the "intelligent supply chain financial platform" of China Merchants Bank are the platform of supply chain finance from offline to online.

Shi, president of Huaxia Bank, said, "Platform finance" not only realizes the net of the product, the network of the marketing, the service on-line, simultaneously realizes the bank, the core Enterprise, the upstream supplier and the downstream customer information flow, the capital flow, the logistics real-time visibility, has constructed many professions "multi-redundancy" the supply chain customer seamless docking, Electronic platform for real-time sharing of information.

"In the past a few days of business, now through the online system can be done in a few seconds." "The head of the retail department of Ping An bank said to reporters in China News." At the same time, the Director believes that the supply chain financial system to reduce the financing threshold for SMEs also have some help. Under the mode of supply chain finance, the bank can dilute the financial analysis and loan admittance control of the enterprise, and focus on each specific business transaction.

The development of global supply chain finance, issued by the Strategic Development Department of the Bank of China trends and banking countermeasures also pointed out that, as China's terminal market growth, the supply chain of small and medium-sized distributors will continue to expand, financing problems will be more prominent, more need to use supply chain finance to finance dealers Chinese companies will use supply chain finance more as a means to improve liquidity efficiency rather than as a mere financing tool.

In the era of large data, financial innovation products represented by supply chain finance have given a new connotation to traditional banking business, not only the traditional business model of banks has been innovated, but also the service objects and the pattern of the banks have changed profoundly.

Guofan, director of CIC's consultancy industry research, said in an interview with China News of the Press financial innovation is first embodied in the upgrading of the traditional business, the popularization of large data will be information collection, integration work becomes unusually easy, the past is missing the key elements will gradually appear, and as a breach of the traditional business, Innovation in traditional financial products. And the high-end data analysis system and integrated data sharing platform can effectively docking banks, insurance, trusts, funds and other types of financial products, banks can learn from other areas and create new financial products.

Relative to "Big data", past data because of too fragmented, single source, monotonous form, unable to express the customer's trading behavior, trading preferences and trading habits and other personality characteristics, the bank can not know the customer to the bank products like or dislike the specific reasons, as well as the bank products and services are satisfied with the information. Huge amounts of "big data" can make up for these flaws.

"Big data is the cornerstone of the great financial age!" "Talking about the significance of big data for banking financial innovation," Guofan told reporters. "Large data will lead to a large integration of banks, insurance, funds, securities and other fields, and mixed operation is expected to gradually replace the separation business." And as the most extensive channels, the credibility of the highest, the most powerful financial institutions, the banking industry is expected to rely on the support of large data to further stabilize their position, financial product innovation, financial business integration will be based on the bank as the center to launch. ”

As the Economist describes large data in a report: Previously, these data were stored in different systems, such as financial systems, human resources systems and customer management systems, ways. Now that these systems are connected to each other, through data mining technology, you can get a complete picture of business operations.

(Responsible editor: The good of the Legacy)