Internet finance is actually big data finance

Recently, by the Dongguan People's government financial bureau guidance, Dispatch and the group of Credit Network held in 2014 China (Dongguan) Internet Financial Summit Forum held in Dongguan. Zhong Zhengliang, deputy director of the Municipal Bureau of Financial Services, introduced the forum, at present, Dongguan loans close to 550 billion yuan, microfinance companies, financing companies, such as new financial security companies more than 100. "The healthy development of internet finance plays an important role in promoting the innovation and development of the financial industry and enhancing the competitiveness of Dongguan comprehensively." Zhong Zhengliang said that the financial Bureau will vigorously support the innovation and development of enterprises, and further increase the support efforts.

Wu Xiaotiu, director of the Institute of Finance and Securities of Renmin University of China, said in a keynote speech that internet finance is still in its initial state, and that the internet finance, which has a complete functional chain in the standard sense, is still in the shell.

The emergence of Alipay is of great significance to break the monopoly of bank payment and to introduce competition mechanism, but its capital source still belongs to the commercial Bank's deposit and loan, which is obviously a constraint. Wu Xiaotiu said, Ali small loan has some of the core elements of Internet finance, but because of system, rules and corresponding policy constraints, Ali small loan customer scope has specific restrictions, it is still difficult to business scope of commercial banks to bring real challenges. ”

In Wu Xiaotiu's view, "Peer-to-peer loan" seems very close to internet finance, but because of its customer risk screening and risk hedging mechanism has not been effectively established, the assessment of credit risk and commercial banks, the future is still uncertain.

Zhu Mingchun, general manager of net loan, has looked forward to the ideal peer-to-peer large data model: "In fact, the real internet finance is Big Data finance, you provide your name and ID card, we can immediately to your personal information analysis, get your credit line, do not need to review the loan. ”

Wu Xiaotiu said: "The network is online trading, online assessment of risk, so the risk is small, but the cost is huge, this model must be innovative." ”

Wangguogang, director of the Institute of Financial Studies of Chinese Academy of Social Sciences, also said that the current so-called internet finance is only some of the network of trading methods, some traditional financial industry has long begun to use the Internet to trade, the United States in the middle of the 90, there is a similar balance treasure products.

Tang, Chairman and CEO of the Group Loan network, spoke on the same day at the Roundtable Forum, Dongguan Manufacturing enterprises are a lot of toy factories, hardware manufacturing and clothing brand factories, these enterprises in the face of industrial transformation to grasp the advantages of O2O and mobile interconnection, through learning transformation to reduce costs, the source of sales expansion, Through the Internet customization of the product sales channels for innovation.

Tang said that because the Internet customization can provide the abundant information flow for the enterprise, can also lay the foundation for the enterprise financing. "Why does the bank not lend to you, the folk why not lent you, is because the information asymmetry, he does not believe you, naturally will not lend you." With the Internet Information flow, you go to the network financing, private financing, which is to prepare for their own financing, "

E-speed loan chairman Jianhuishing that the innovation of Dongguan Enterprise is not only technology, product innovation, more important and financing innovation. He said that business owners should not only take into account the banks, small loans and guarantee companies, but also have to learn the Internet, through the Internet to achieve financing, to peer-to-peer, the public and other Internet industries have to understand.