The credit of Internet finance: There will be a chance to make money lying in the future

The combination of Internet and finance is subverting the traditional financial industry in many aspects, and its development also exposes the deficiency and disadvantage of the domestic traditional financial industry relative to the developed market economy finance. Credit, the Internet financial core is one of them.

In several categories of internet finance, the closest connection to credit system is peer-to-peer. The Peer-to-peer loan platform needs the borrower's credit data as a risk assessment support during the lending process. However, due to the current domestic credit data system development is still a touch stage, Peer-to-peer had to use line online under the combined way to carry out risk assessment.

Network loan Platform Point Rong Network joint CEO Guo Yuhai has in the "investment sector" interview that Peer-to-peer future development direction must be pure line, this is an important way to reduce costs. Another Peer-to-peer platform, the lender, announced last week that it would receive $ tens of millions of trillion in financing and continue to develop its credit system, as evidenced by the importance of data accumulation for internet finance. In addition, a number of Peer-to-peer platforms we interviewed also firmly believe that the need for line control.

In fact, the mature credit rating system is important for both internet finance and traditional finance. Therefore, after last year's 18 session plenary, December 20, 2013, the central bank launches "the Credit Institution management method", formally confirms the personal credit establishment threshold.

The news shows that many institutions are interested in a relatively backward but promising area of credit, especially the Internet financial institutions with natural data accumulation advantages.

The credit agency has said to the media that it is carrying out personal credit licence declarations. An Shu is a company engaged in credit information collection, assessment, information consulting services, the current main business for the microfinance industry in China credit information sharing services.

Covet Levy letter this piece of blue sea not only a few, the net letter finance Vice Chairman Li once said the network letter finance intentionally into the credit system domain, the network letter finance its public financing, third party payment business and credit highly related. Third party payment platform Yeepay payment also indicates that the licence is being applied for. In addition, the credit licence has attracted a number of peer-to-peer network lending platforms closely related to the credit system, as well as internet giants Tencent and Alibaba.

Collection of thousands of pet system in the domestic is still at the primary stage of development. Prior to this, the Central bank Credit Center, Shanghai Credit, Peng Yuan, Guo Tong, and so on a number of major credit companies have formed the Chinese credit market. However, the Internet watcher, China, says this is far from satisfying the development of internet finance. The scale of the Internet financial market explosion is large enough. 50 million of small and medium-sized enterprises, 1.3 billion of individuals, which contains a very large financial needs.

"In the future, lying to make money is the credit industry and rating industry." Because every internet financial company needs credit data, just the number of times, size. "China Xun in its Baidu hundreds of articles said."

According to the central bank issued the "China Credit Report (2003-2013)", as at the end of 2012, the enterprise credit information base database accumulated access to 622 institutions, personal credit information base database cumulative access to 629.

The source said to the investment community, although the importance of credit system is known to all, the establishment of the system is facing many difficulties.

One of the dilemmas is that data exchange and sharing can be controversial. The source said that for many institutions, the perennial personal user credit accumulation is its development and growth of the core support force, and other institutions to share with each other is not realistic.

At present, the central bank can provide a record range of credit is still narrow, many small micro-enterprises and individuals are not covered. But can make up the credit system some other data such as industry and commerce information and so on has not formed the linkage at present. The industry insiders said that some government agencies lack the power to improve the credit system.

It is reported that the mature credit system, such as the United States Letter Technology Service provider FICO, its credibility is not only to do credit scoring, but also developed a application scoring, behavioral scoring, anti-fraud scores and other scoring techniques. In Europe and the United States and other countries with sound credit system, personal traffic violations, housing leasing, telephone fees, water and electricity payments, judicial decisions, taxes and other acts will be included in the personal credit records. The credit records relate to people's food and clothing to live in every aspect of their lives.