What will bring the Internet credit?

This indicates that the previously rumored basic personal credit license has been settled.play Anna Games The central bank has issued 26 business enterprise credit business license. With the rapid development of Internet banking and other innovative financial services, construction, personal credit information system is even more urgent. Financial institutions in the cost of providing credit services for individual users has remained high due to high get the user's cost, lack of data, a lot of grass-roots user difficult to obtain credit and services from financial institutions, such as large groups of students, individual businesses, freelancers, etc. They are difficult to obtain credit services. 8 list of organizations contains a number of Internet companies affiliated enterprises, explore the Internet for credit operations followed them into public view. December 2014, the "Chinese Capital Market and Financial Innovation Legal Issues" seminar held in Shenzhen, Tencent Assistant General Counsel, Wang Xia on the "Internet Credit and Legal Issues" delivered the keynote speech. Wang Xia said credit currently in the country is not a financial product, just as a supplementary measure in a financial activity, but in foreign credit itself is a financial product. He also believes that China will soon usher in the era of credit as a financial product. Wang Xia believes that the Internet credit to finance the development of the Internet is very important. The financial part of the Internet users may not loan records, no credit card records, how their credit assessment is a problem worthy of study. Wang Xia also pointed out that there are many internet business credit minefields, such as can not collect sensitive personal information, but the legal definition of personal information, there are still many obscure places. The following statement is Wang Xia Record: Distinguished leaders, friends, very pleased to be invited to participate in today's event, I leave you with a credit on the Internet and legal compliance issues. We know that financial credit is the starting point, with the credit will be some related matters. In the field of Internet credit problem how to solve? Or we credit for what kind of increase? I want to share with you today to produce collisions. In the past we need to prove that credit is, for example, stamped to prove. When we went to loan us here for the first time to see their credit reports will be mortgage to buy a house, right? In the mortgage to buy a house when you certainly do not know why I have not seen before credit history? How it is produced? You must have questions. This question process, we have not thought of? I have no right to appeal that can be worth? Of course, now, in such an environment inside now, our credit, credit, in fact, is derived from the data produced by ourselves, we are able to play Dora Games bring some positive energy, or produce some of the less good ones. Credit can be a financial product Currently, the credit in our country is not a financial product, just as a supplementary measure in a financial activity, or the like as a reference to make decisions. In fact, in foreign countries, credit is itself a financial product. Here I appeal to everyone that the future of our relevant, including government regulators, industry practitioners, and we can prepare for the associated platform, China will soon usher in the era of credit as a financial product. Here are two examples. One is Zestfinace Company believes that all data can be used for credit assessment, information is not only the hands of the consumer can be used as information evaluation. Hong Kong loan companies generally is to use their Zestfinace social data, it will be very worried and very concerns, but the data is not based on you a big data come. I once had an experience, I buy a second house, the bank report said sorry to me, based on your credit report, you can not become prime 7, I said why? He said you have a payment is overdue. Sometimes I say that payment is overdue too busy, sometimes 23, 24, or drag instead of the difference is not very big, and he did not agree to say no, you poor credit. Finally, my wife credit report rather than me, so I'm talking about, in which our traditional credit report, it is based on your individual information to judge, without a comprehensive assessment of a large data repayment willingness and ability, so there is still much room for improvement in this regard. In China, some of the more traditional companies, he may go to industry or enterprise switching business registration status, or tax, etc. Summarizing, he may also open our credit cards, and bank cards in view of the record. Wait a minute I want to give a more practical example, I have the top left corner flashing silver, and you can play with this APP, or landing micro letter he added, you can consume tied on your bank Kama, a little more if you bundle your credit certification, similar to like your Sina Weibo account, your credit will be greatly increased, it is a pattern. The role of big data in the Internet credit This country is a more powerful, including as they have a very strong Alibaba e-commerce data. Before exploring this big data within the industry's credit, I also raised questions, many of our colleagues have concerns, for example, I like to play games, I like to hang a picture of what this thing can be useful? But after some back after I find out about this particular product, I think it is good. For example, we can see that in some companies, it works on data sources that can help financial institutions do, including the risk of fraud is common to control the customer quality, reduce bad debt rate, and screening to help more customers enhance the ability of screening, including the efficient mining customers, improve customer activity. This is what I saw from the network, as well as Ali's credit data sources. Here is the external data in the country should belong to vacuum, except as dating sites, and public transportation sites and government data, open it in the case of a good platform, and inconsistent, our credit business and credit the quality will be higher. General market demand is great, but we have so far in the domestic central bank system, credit system can not fully support the development of the financial industry. You can look at the list, there are 800 million credit, recorded only 500 million, only 300 million loan data. But just talked about some of the P2P companies, most of them start doing these things particularly hard, because he has no basis, he needs to go to a natural person or, small and micro companies, it is all done rigorous investigation, these data are have a lot of data barriers. There are barriers to technology barriers, but also the administration, there are many legal barriers. Many P2P better and better, to be self-built a credit information system, at present, only this P2P platform has more than 200 credit play Cooking Games system, so the coverage is still relatively low. On the one hand there is the traditional industry department's credit can not be matched to the development of the industry, so there is there is a conflict. We look at the big data. It provides some support for the local credit, as well as including a very common some powerful information processing capabilities, as well as real-time data analysis, of course, very important point is population coverage, a number of the order of selection. Necessity of Internet credit Necessity Internet credit, we should recognize that, because the industry does have a demand, Internet banking would like more forward, this credit is very important. Now, the coverage is still relatively small, even as some may not have the loan records, and no credit card records, he has become the Internet banking users, such as primary, secondary, how his credit assessment? Mom and Dad to make him pay stamp thing? Or how to do? In this regard it is worth considering. Overall, there is a platform to build their own credit system companies, such as pat-prime, Jingdong, Suning, Ali Baba and the like. But insufficient, because the data is not common, so often the model is not necessarily accurate, information sharing this one, I want to see your data, but I do not want the data you see; I want you, but I do not want pay, or I do not want to pay for something. This time indeed need to have a platform to do this thing. So credit the Internet, the degree of integrity in the past when we have a credit repayment is, in fact, we feel that the Internet is a credit of two parts, one is the repayment ability, one is your willingness to repay, sometimes there are repayment ability of people he does not have to repay the will and willingness to repay people do not have repayment ability, for example, is a paycheck to paycheck, etc., then these two latitudes evaluation criteria, according to which the Internet in terms of the data generated, including data of social networks, mobile data terminal physical geography, it uses Apple open position, or the web browser Cookie data. Repayment will be done, for example, a credit card overdraft, utilities arrears, you can see a repayment problem. Twelve days later all right, but if you wait a couple of months, or every month late twenty-one week then there is a problem. Internet credit application scenarios Next, using an example in terms of the credit line. We see this user 9:00 Monday morning from his garden to the sea Penguins Building, 12:00 went to the dining area, back office later in the afternoon, working hours basically here. We further speculate that after the sea garden is how much the price, how much rent house prices. Let us look at his industry penguins building is what the industry, we further evaluation, he may have some time to work, he often Shenzhen and Beijing, to access to services, geographic location that he had to move, he should be a business people, if he went two or three times a month he could be the middle, if you go a few months time he could be the basis of the staff, this evaluation can know what he is probably a portrait. There you can see him on weekends to the coastal city to spend, or go to a nearby bookstore, if you're strong enough, you and one electricity supplier company formed to better cooperation, we can further know that he likes to buy a music CD, or like to eat ? Still like to do something else? The credit from his portrait can be seen for his willingness to repay, repayment ability. You can see I was not to encourage him to use more credit card, I'll give him the release of thousands of credit. So here there is a commitment to credit portrait out. Just give this example can be a good description of some of the applications in the time of credit. Just talked about these products or to see the actual interface, see the new product he is kind of how. Three steps can get, you choose authentication, authentication is bound to give you a different value is not the same, academic qualifications, microblogging play Baby Hazel Games authentication and other value varies. If we want to see my circle of friends of friends of his quota, but also pay more points in order to see him, this is an interactive design. We look at the young tap credit assets, there is credit assets, the credit is used to use, it is our asset.