Millet Finance will focus on retail banking

Abstract: Millet yesterday in the micro-letter public number rice son published a millet financial recruitment information, said Millet finance is one of Millet's most important services, will focus on retail financial business, mainly for consumers to provide consumer loans and financial services, hoping to pass the data of the levy

Millet yesterday in the micro-faith public number "rice son" on the release of the millet financial recruitment information, called Millet Finance is millet "one of the most important services", will "focus on retail financial business, mainly for consumers to provide consumer loans and financial services, hope through the data of the credit and operating system, To the very low cost and the ultimate user experience to impress our users.

At present, millet finance is recruiting for the position of credit policy experts, credit management experts, financial product managers, platform product managers, user product managers, algorithmic engineers, Java engineers and senior operations specialist.

Millet published the recruitment information revealed Millet is about to enter the Internet financial sector plans. From the job description of the job, millet finance may be involved in a few areas: installment shopping, personal credit, financial product development and third-party payment. And Millet is intended to become a peer-to-peer network loans a portal.

First of all said to pay the end of last year millet has applied for third-party payment licences. According to a number of other applications, the central bank's eighth instalment of payment licences has been completed and entered the final phase of the process, which will be announced in the near future. If millet in this batch of audit to obtain Third-party payment license, I believe we will soon see Millet third-party payment platform.

Then the consumer credit central bank is still in the pilot phase of consumption finance, Ali and Jingdong were able to launch the "Flower Chant" and "Beijing-East White Stripes" two business, because China's number one and second number of consumer loans defined as "Receivables Management" and hit the central bank policy of the ball. And Millet is now the electric dealer is mainly to sell their own products. If they don't want to just allow users to buy the millet phone on instalments, it is likely that they will need to take the consumer finance piece of the difficult license plate.

Finally, the credit Service central Bank requested the first batch of 8 agencies or companies to carry out personal credit business, including Ali and Tencent. Millet wants to be involved in this area and must get a licence. In addition, the premise of personal credit service is to pay and purchase the huge amount of data produced.

Therefore, Millet's personal credit system should also be in the payment function to develop a certain period of time, accumulated enough data before the launch. And in order to face the payment and financial business of a large number of concurrent data and data precipitation, millet's large data and cloud computing capabilities will also be challenged, they started last year really in this field, and bat compared to a small gap.

To catch a bat or even a corner overtaking, millet may need to use the first car after the way, using the available resources available to enable users to perceive the service and accumulate user Word-of-mouth and data.

The advantage of millet as a financial asset is hardware, compared to the same bat that is developing internet financial services. Millet through the mobile phone, hand ring and the future will launch the watch can be in-depth to some software companies do not make payment scenarios and payment functions. For example, Millet has launched a free hand ring payment, the next generation of millet bracelet and millet watches are likely to integrate similar to Apple Pay NFC payment function.

At present, MIUI's bank card function has been able to achieve online application for credit card and purchase insurance. After the latest version of the update, the MIUI built-in millet wallet new "money Fund" category. This is the millet and Yifangda every day Money fund cooperation launched a "baby class" products, the current annual income of up to 6.437%, significantly higher than Alipay and micro-credit management of similar products.

In addition, the use of Millet Yellow pages and a number of life service providers of the partnership, Millet may also get more payment using the scene and user consumption data.

But these things are not the absolute advantage of millet relative to Alibaba and Tencent, the latter two are also actively wooing various hardware manufacturers and upstream and downstream partners, from the closest users of the line under the use of the scene to the top of the internet banking business, Alibaba and Tencent in the Internet finance all aspects of the layout is a confrontation. So millet to fill this "internet finance" ticket, even if the hand, but also a ticket.