Internet loan development

The "fake customer service" swindled money and was finally caught, exposing the new criminal routine of online lending.

With the development of Internet technology, the Internet not only brings convenience to everyone, but also allows many lawless elements to take the opportunity to exploit loopholes and use technical means to breed new crimes.

Recently, the Public Security Bureau of Foshan City, Guangdong Province held a press conference on the "Hurricane No.4" project, informing the police that a malicious telecom case of 10 million yuan was cracked by using websites to search for fake customer service.

The police smashed the 13 den and arrested 63 suspects including Zhan Mouyuan. A black industrial chain of online loan telecommunications with false information on the Internet was completely destroyed. It was initially verified that there were more than 300 deceived victims, and the amount involved was 1 1.6 million yuan. The amount involved in this case is more than RMB 1000, of which Christine (a pseudonym), one of the victims, was cheated by nearly RMB 10,000.

In the process of detecting this case, after Du Xiaoman's financial case occurred, Du Xiaoman Finance (formerly "Baidu Finance") assisted the police to join hands with other platforms to conduct an internal investigation, and found a number of clues related to it, and then reported the incident and clues to Foshan police.

Online loans are repaid in advance, and big data chains lock criminal gangs.

20 18, 1 1, Foshan citizens want to prepay 3,000 yuan in a loan APP, and found that the loan APP does not support prepayment.

So, anyone who tries to search for APP customer service phone through the Internet. After the call was dialed, the so-called "customer service" asked Fanfan to scan the QR code to pay the relevant fees on the grounds of handling fee, freezing repayment deposit and unsuccessful operation. As a result, she was cheated of nearly ten thousand yuan.

What happened is not a case. In the same month, Foshan police also received clues from financial companies such as Xiaoman Finance. The Foshan Defense Center immediately combined the clues to sort out the relevant police situation and found that the victim was also in the same process. When operating the loan APP to repay in advance, they searched for false customer service calls through the Internet, and the amount of fraud ranged from several thousand to tens of thousands of yuan.

Subsequently, Foshan police immediately set up a task force to investigate the case and used intelligent new investigation methods to conduct big data serial and parallel cases, with a total of more than 300 serial and parallel cases involving 27 provinces including Jiangsu, Guangdong and Zhejiang. The case was listed as the first batch of cases supervised by the Ministry of Public Security on 20 19, and was also listed as the "Hurricane No.4" project by the Provincial Public Security Department.

Uncover the veil of "searching for black goods" and cheat money by cheating.

In this case, the gang mainly used illegal hacking to forge and fake the websites and customer service telephone numbers of regular enterprises and institutions, to trick netizens into being fooled and further defraud money.

The veil of the so-called "black search" was also unveiled. The steps of a liar are divided into three steps:

Step 1: It is understood that gangs will first obtain a large number of small websites through purchase or illegal technical means, and add various false customer service phone numbers and other information to the pages of these small websites;

Then the second step: using cheating technology to make these fake websites with fake customer service calls have the opportunity to appear in the top position of search engine results;

Step 3: Once the user repays, he will search for false customer service numbers online, dial these false customer service numbers or contact them through WeChat and QQ. Once hooked, scammers will cheat money through various routines, so that users accidentally fall into the trap of criminals.

It is difficult to crack down on illegal production, and the police and financial platforms have joined hands to break through.

The development of network information technology has become a "double-edged sword". In the virtual environment, related illegal activities are more and more hidden and scattered. Some criminals also imitate users' search behavior, hire hundreds of servers and create a large number of fake users, which also increases the difficulty of cracking down on illegal production.

Among the eight criminal links involved in Hurricane No.4 Project, such as hacker, black hat SEO, traffic group, group, cash withdrawal group, business switchboard dealer, micro-signal dealer and bank card dealer, the criminal suspects in different chains only contacted through online chat tools, and most of the funds were deducted through third parties, which brought great challenges to the further investigation of the case.

In order to avoid the police investigation, the gang "telephone group" often uses the business phone number to disguise as a fake customer service phone; In order to clean the stolen money, the QR code of the stolen money collection is specially provided by the gang "Group". After the stolen money is successful, it will be transferred at the first time, and the "withdrawal group" will turn around and take out the stolen money.

In addition, the case also involved a group of "micro-signal merchants" and "bank card merchants" who illegally obtained citizens' personal information, applied for a large number of micro-signals and bank cards and sold them to gangs.

"The gang's hidden modus operandi once put the case investigation into trouble, but with the active cooperation and full assistance of relevant financial platform enterprises, the case investigation was smoothly promoted." The police handling the case said.

Du Xiaoman's financial related person said that after learning about the incident, he collected clues at the first time and actively assisted the police in investigating the case. Searching for illegal products is very harmful to network users and many industries. They hijack and steal user information, illegally divert traffic, publish false advertisements or information, and the black production chain breeds, which affects the credibility and security of the entire network environment.

In the face of customer service calls, how to distinguish between true and false?

Special tips for spending money on users:

Be vigilant, stay away from illegal products and carefully identify any unofficial certification information. Using internet tools, you can generally check the official customer service phone number on the official APP help information page.

If in the process of calling customer service, once the other party mentions freezing money, large handling fees, etc., it is necessary to stop the operation immediately;

At the same time, we should be highly vigilant about online and offline transfers outside of any unofficial APP-bound account. The loan repayment accounts of formal institutions are all corporate Gong Hu, and there are no personal accounts.

Du Xiaoman Finance is committed to providing reliable financial services to more people with technology. Du Xiaoman Finance has been committed to purifying the network environment, cracking down on illegal activities such as the Internet, actively embracing supervision, and maintaining the healthy development of the Internet financial ecology.

Safety tip: There are online customer service and customer service phone numbers on Xiaoman APP and Qianhua APP. At present, there is no personal QQ customer service or other customer service phone number. Please call the correct customer service number to prevent being cheated.

The woman was cheated and the loan was used to make up for the loss. What warning did it give us?

The internet has always existed, but some people were cheated, but a woman in Suzhou was cheated twice. I was cheated because I swiped the bill before, and I cried for the second time because I wanted to make up for it with a loan. She was cheated again. This thing is to tell everyone not to get rid of the trap. The most important thing is to keep a rational mind to look at the problem, and there will be no pie in the sky.

In fact, many of them started out greedy and cheap. The 1 scam you encountered here is a swipe scam. A liar will certainly let the deceived taste the sweetness at first, but if the money is really so easy to earn, then what are you trying to do? The woman was cheated of 35 thousand yuan just because she believed there was such a good thing on the Internet.

It stands to reason that the woman should have a vigilant heart when she suffered this kind of online scam for the first time 1, but perhaps because she was cheated of tens of thousands of yuan before, she tried to fill the previous hole through online loans again, but she met a fake loan company and was cheated of tens of thousands of yuan.

Women also see this kind of information about making money by swiping bills online, and fall into the trap step by step according to the steps of scammers. At the beginning, women also invested a small amount, usually 50 100 yuan. At this time, the liar actually wants to let the victim taste the sweetness, so the commission will definitely be obtained. The victim felt that the money was so easy to get, so he increased his capital, and later the order became a joint order. In this way, 35,000 yuan was directly invested one after another. At this time, the woman realized that the other party was a liar and called the police for help. At that time, the woman also told the police that she would not believe this in the future, but she never expected that she would be cheated by a loan phone a few days later.

I have to say that this behavior of women really makes the police very helpless. This incident also gives everyone a warning. Don't believe the little sweetness given by scammers. There are also some serial brushing tasks on the Internet that are difficult to distinguish between true and false. As long as you give money first and then make money, it's usually a scam. You must be vigilant, the sky will not fall into a trap for no reason.

Online lending has spawned many tragedies. Why do so many people choose online loans?

With the rapid development of Internet finance in China, a large number of online lending platforms have sprung up. Although all kinds of negative news about online lending have emerged in an endless stream, which has become a topic that most people sneer at, the number of people who choose online lending has not decreased, but has increased. What's going on here?

Why would anyone choose online lending?

Reason 1: the high-speed borrowing efficiency of online loans.

Borrowing on the online lending platform, most of them can get loans in 2-3 days. This is mainly because the borrower's loan target is generally full on the same day after it is released to the platform. Compared with the bank's one-week or even half-month audit cycle, the rapid lending of online lending platform better meets the emergency needs of lenders.

Reason 2: People's recognition of Internet finance has increased.

With the popularity of Alipay and WeChat in China, Internet finance has penetrated into everyone's daily life. It is no exaggeration to say that Internet mobile payment can be seen everywhere, even in small cities in the 18th line. Alipay's flower buds, loan buds and JD.COM white bars are all Internet financial products. The cost of borrowing in the formal online loan industry is not much higher than that of credit card installment or bank loans, but the approval process and deadline are better than bank loans, which is one of the important reasons why many people will give priority to online loans when they need money urgently.

What kinds of business do online lending platforms have?

1. Credit loan: There is no collateral, and the platform only relies on personal credit loan.

2. Corporate loans: Without any mortgage, the loans are based on corporate credit, operating conditions and past profits.

3. Supply chain loans: This kind of loans is difficult to understand, and it is generally similar to corporate loans. Usually there will be a core large enterprise and many small enterprises supporting upstream and downstream.

4. Car loan: a loan product with own vehicles as collateral.

5. Mortgage: a loan product based on real estate.

Online lending has advantages and disadvantages. It is really a good thing for people who are in urgent need of money and have the ability to repay. My friend Lao Liu is a rare beneficiary of online lending. Lao Liu runs a mobile phone shop, sometimes he needs some, and he is often embarrassed to borrow from relatives, and online loans just solve this problem. In view of its sufficient repayment ability, online lending will not only bring convenience to his business, but also bring trouble to his life.

In addition, friends who often use online loans need to pay attention to the following three points, so as not to get online loans when they are in urgent need.

Note 1: Don't apply for a loan multiple times in a period of time.

The current online loan is not independent. In the era of big data, many platforms have access to third-party credit reporting. Therefore, the online lending platform will generally check your loan application behavior within 3 months. If you apply for too many platforms, even if your previous online loan has been repaid in time, the platform will think that this person has a high risk of default and refuses to lend.

Note 2: The repayment time is stable.

It must be noted that it is not enough to repay before the repayment date. When analyzing user information, the loan platform will also focus on the repayment time of users. If the user's monthly repayment time is unstable, it will not be overdue, but it will also be considered by the platform as an unstable source of income, thus refusing to lend to the borrower again.

Note 3: Platform policy adjustment

The risk control policy of the platform may be adjusted at any time, such as rising bad debt rate, tight capital and industry supervision. All these will promote the upgrading of lending conditions of lending platforms and tighten lending policies. In this environment, even old customers with good reputation are much more likely to be refused loans than before.

Online lending is a double-edged sword, so we must pay attention to the risks and make sure that we have the repayment ability before choosing. If you need money urgently, will you consider online lending?

Is pterosaur Internet Cloud closed down?

Not closed down.

Recently, pterosaur loan has fallen into many crisis rumors, such as the financing has been spent, suspected to be abandoned by Lenovo, and violent collection. This makes many investors feel a little scared.

Yilong Loan is an old platform of domestic P2P industry, which was established in 2007 and is a member enterprise of Legend Holdings. It should not go bankrupt easily, as can be seen from the following points.

1, the business model of pterosaur loan

Pterosaur loan is a cooperative business model and an online-offline innovation as an internet financial intermediary platform. Up to now, the data of pterosaur loan in official website shows that as of June 2011July, the company has 1279 national partners, covering more than 200 districts and counties in China.

The risk control of pterosaur loan also stems from the partner model. To put it simply, the partner conducts a preliminary review of the credit of the borrowing farmers, and then conducts home visits to the borrowers through county-level partners to conduct credit surveys before, during and after the loan. The strict risk control of pterosaur loan is reflected here, and the loan process is based on this process. As long as one link is not up to standard, it will lead to loan failure. The risk of pterosaur loan is also greatly reduced, which can help pterosaur loan develop rapidly.

2. Risk control of pterosaur loan

Yilong Loan has innovated a new model, combining the advantages of Internet technology and big data. This is the case with pterosaur loans. In practice, a set of credit screening system and risk control method suitable for rural society has been developed, and a big data anti-fraud mechanism has been established based on this risk control method of pterosaur loan to cultivate rural credit system.

Therefore, it can be seen that pterosaur loan is still relatively reliable and should not go bankrupt easily.

Yilongdai Wang Sicong

Wang Sicong: Chairman and CEO of Yilong Loan Network.

Male, Han nationality, founder and CEO of pterosaur loan network. One of the founders of the Internet Finance Thousand People Association. 20 13 10, as the founder of the internet finance Millennium, initiated and successfully held the 20 13 global summit on internet finance.

20 1 1, leading pterosaur loan network into Wenzhou financial reform and becoming a pilot enterprise of internet finance.

May 20 13, as a leader in P2P industry, he was interviewed by CCTV news broadcast. So far, Internet finance has been recognized by the mainstream media and high-level.

On August 20 13, * * * and several other members established the Internet Finance Thousand Talents Association.

Nowadays, under the leadership of Wang Sicong, Yilong Loan Network has become a legal platform for P2P lending in Internet finance, and has accepted the suggestions of Wenzhou financial reform and supervision departments and industry experts.

Didi's credit product "Didi Monthly Supply" went offline.

Didi's credit product "Didi Monthly Supply" went offline.

Didi's credit product "Didi Monthly Supply" went offline, and Didi Monthly Supply was launched on June 5438+February 2020. This business is similar to the "flower shop" of Ant Group, which adopts the mode of consumption first and payment later. Didi's credit product "Didi Monthly Supply" went offline.

Didi's credit product "Didi Monthly Supply" went offline at 1.

Recently, Didi Monthly announced that in order to optimize the service quality, the monthly payment function will be offline at 24: 00 on March 3, 2022, and April 8 will be the final repayment date agreed by both parties.

Regarding the question of whether the offline service is upgraded or permanently removed, there is no reply from Didi. However, Didi Yueyue customer service told the interface journalist that "there is no notice of being put on the shelves for the time being".

According to public information, Didi Monthly Payment is a "first enjoy and then pay" credit payment product launched by Didi Finance at the end of 2020. Its product logic is similar to Alipay, JD.COM, Bai Hua and Baitiao, serving various travel scenarios. At that time, under the premise that Didi had launched Didi payment and Didi loan, monthly payment was regarded as an important step to open up the closed-loop scene of Didi financial business and cultivate users to use their own payment channels.

Today's low-key offline is inevitably reminiscent of Didi's own controversial events and stricter Internet financial supervision.

Previously, due to listing in the United States, Didi suffered a heavy blow from the regulatory authorities in July last year.

On the one hand, close the flow valve, on the other hand, further tighten the supervision of internet finance. Even with eight financial licenses, the channels that once provided eight financial services, such as payment, mutual assistance, car installment, auto insurance, loans and wealth management, have been further reduced to five. In the financial sector of Didi, except for Didi loan and Didi payment, which are self-operated businesses, other financial businesses in operation have retreated to the level of diversion.

In February of this year, more media reported that almost all businesses of Didi began to lay off employees, and the overall layoff ratio was around 20%, further exposing that Didi neglected the financial sector that has not yet brought sufficient positive cash flow.

However, the monthly payment of Didi went offline at this time, and some insiders raised concerns about the future situation of credit payment products.

Su, a senior analyst in Analysys financial industry, said that once upon a time, credit payment products became the "standard" of the head Internet financial platform. At that time, the product was designed to consolidate its own consumer finance business and further strengthen user stickiness through payment.

However, on June 5438+ 10, 2022, the National Development and Reform Commission and other departments promulgated "Several Opinions on Promoting the Healthy and Sustainable Development of Platform Economy", which mentioned "breaking the improper link between payment instruments and other financial products". At the same time, there is a document "Administrative Measures for Online Marketing of Financial Products", which also mentions that "financial products such as loans and asset management products should not be used as payment options on the payment page". Under the heavy blow of supervision, credit payment products will encounter.

She said: "Didi's move is based on the current regulatory environment and the decision made after reviewing the situation. It is not excluded that other platforms will follow up."

However, Wang Pengbo, a senior analyst in the financial industry of Broadcom Consulting, believes that the online supply next month is "related to Didi itself and the external regulatory environment. Didi APP has been removed, and there are no new users, which will definitely affect operations; In addition, payment is actually an industry that needs huge investment in the early stage to do things such as system and user operation. For Didi, it is also necessary to open source and reduce expenditure now. "

However, he also believes that disconnecting the improper connection between payment and financial products is the goal that the supervision has put forward. The recently promulgated Measures for the Administration of Online Marketing of Financial Products also has relevant provisions, but there will also be a buffer period for rectification when this provision is promulgated. The follow-up platform needs clearer regulatory guidelines in a short time, including the opinions on whether specific marketing can be done in the Administrative Measures for Online Marketing of Financial Products, and so on.

Didi's credit product "Didi Monthly Supply" went offline 2.

The rectification of personal credit consumption loan products under another platform is under way. Recently, Didi Monthly Service Team announced that in order to optimize the service quality, the monthly service function will be offline at 24: 00 on March 3 1 Day, and customers will be reminded to repay in time before 24: 00 on April 8. For users who need credit consumption financial services, they can apply for credit card services that they cooperate with many banks.

The reporter of 265438+20th Century Business Herald previously reported that the monthly service of Didi was launched in 65438+February 2020. This business is similar to the "flower garden" of Ant Group, and adopts the mode of paying in advance.

"Before and after the online supply of Didi Monthly, it was reported to the relevant departments, but judging from the number of customers who have been online for a while, the relevant departments were somewhat surprised when they heard the data." A person who has participated in the monthly service of Didi told the reporter of 2 1 Century Business Herald.

Previously, Ant Group isolated its "Flower Garden" brand, and Flower Garden became the exclusive brand of ant consumer finance, and the bank's full funding service was updated to "credit purchase"; Chongqing Xiaomi Consumer Finance, owned by Xiaomi, has successively undertaken personal credit services provided by Xiaomi Small Loan.

However, Didi Monthly did not migrate its services to its consumer finance company, Yin Hang Consumer Finance. In March, 20021,Zhejiang Banking Insurance Regulatory Bureau approved Dirun (Tianjin) Technology Co., Ltd., a wholly-owned subsidiary of Didi, to hold 853.9 million shares of Yin Hang Consumer Finance, accounting for 33.34%, becoming the second largest shareholder.

On April 29th, 20021year, the financial supervision department conducted supervision interviews with three online platform enterprises engaged in financial business, such as Tencent, Du Xiaoman Finance, Jingdong Finance, ByteDance, Meituan Finance, Didi Finance, lufax, Tianxing Digital Branch, 360 Digital Branch, Sina Finance, Suning Finance, Gome Finance and Ctrip Finance, and proposed that financial business must be conducted with.

In March this year, the the State Council Financial Stability and Development Committee held a special meeting. Regarding the governance of platform economy, the relevant departments are required to improve the established plan in accordance with the principles of marketization, rule of law and internationalization, persist in striving for progress while maintaining stability, and steadily push forward and complete the rectification of large platform companies as soon as possible through standardized, transparent and predictable supervision, so as to set a red light and a green light for promoting the stable and healthy development of platform economy and enhancing international competitiveness.

Didi's credit product "Didi Monthly Supply" went offline 3

According to the recent announcement of Didi Monthly Payment, the monthly payment function was officially launched at 24: 00 on March 3, 2022, and April 8 was the final repayment date of the service. The announcement also shows that users who need credit consumption financial services in the future will provide a "credit card application" entrance.

According to the data, Didi Yuegong is a product provided by Shenzhen Beian Commercial Factoring Co., Ltd. (referred to as "Beian Factoring"), which was officially launched at the end of 2020. The specific usage rules are consumption this month, receipt next month 1 and repayment on the 8th. Users can get a maximum interest-free period of 38 days, and support early repayment and automatic repayment. Drip monthly supply can be used for drip scenes such as express trains, special cars, carpooling and green orange bicycles.

Specifically, when the user pays the fare through Didi Monthly Payment, Beian Insurance Council pays the taxi fare according to the user's demand. In essence, North Shore Factoring is to buy the creditor's rights of accounts receivable from Didi Platform, so that users can postpone the payment of the above accounts receivable. Accounts receivable are transferred from Didi platform to North Shore Factoring, and North Shore Factoring enjoys creditor's rights to users, who should pay accounts receivable to the factoring company.

In fact, some Internet credit payment products will also realize the credit consumption function through this mode. Its core is "creditor's rights undertaking", which can also be simply understood as "making factoring business into credit business", in which the factoring company assumes the role of employer.

In recent years, great changes have taken place in the regulatory environment of financial technology. Financial business and non-financial business will be strictly separated, all financial activities will be regulated according to regulations, and business boundaries will be further defined, which is one of the obvious trends.

After Ant Group decided to carry out rectification, at the end of April 20021,the People's Bank of China, China Banking and Insurance Regulatory Commission and other financial management departments jointly interviewed Tencent, Du Xiaoman Finance, Jingdong Finance, ByteDance, Meituan Finance, Didi Finance, lufax, Tianxing Digital Branch, 360 Digital Branch, Sina Finance, Suning Finance, Gome Finance, Ctrip Finance and other 13 network platform enterprises.

In this context, Internet credit products will probably be adjusted. According to incomplete statistics, at present, Internet credit products such as ant's flower buds and borrowing buds, and Xiaomi's "borrowing buds and stars" are all adjusted by Xiaojin Company. For products with relatively small volume, offline may also be an option.

Ali Online Commercial Bank will start its small loan business in July.

Alibaba Bank is here! Yesterday (June 25th), China's first bank operating on the "Cloud"-Zhejiang Online Merchant Bank officially opened in Hangzhou, and will launch the first batch of microfinance business in July.

It is reported that according to the plan, online merchant banks do not set up physical outlets, do not do cash business, do not set up branches and counters, and operate purely online.

Peng Lei, CEO of Ant Financial, told the National Business Daily reporter that he hoped that the online merchant bank would serve/kloc-0.0 million consumers within five years and use inclusive finance to narrow the gap between urban and rural areas.

Do not make loans of more than 5 million yuan.

Ma Yun, Chairman of Alibaba's Board of Directors, revealed in his on-site speech that the idea of setting up a banking service for small and medium-sized enterprises has existed since 1992 and has never stopped. "At that time, I wanted to run a translation agency and needed a loan of 30,000 yuan, but the difficulty was beyond my imagination. I mortgaged all my assets, invoices and even furniture, and finally I didn't lend them out. "

He also said that the online merchant bank will be based on serving the small and micro, focusing on young people, focusing on innovation and focusing on creation. No more than 5 million loans, no more 20% head customers in the "28 Law", but "long tail customers" by means of the Internet.

IT is reported that online merchant bank is the first bank in China to go to IOE (its original intention is to remove IBM minicomputers, Oracle databases and EMC storage devices from Alibaba's IT architecture and replace them with its own development system based on open source software). At present, the team has about 300 people, two thirds of whom are technicians, and it is also the first banking system based entirely on financial cloud.

Yu Shengfa, president of the online merchant bank, revealed in an interview with the National Business Daily that small and micro enterprises, individual consumers and rural users are the three target customer groups of the online merchant bank. As a supplement to the existing financial institutions, online merchant banks must understand their real needs in order to explore a new set of operating methods to serve these three types of customers well. For example, when small and micro enterprises use loans, they are most interested in timeliness and hope to "use loans as soon as possible". In the past, the loan approval process of banks was relatively long. In addition, small and micro enterprise loans also value flexibility, hoping to borrow and repay at any time.

It is reported that the online merchant bank will officially open in July. In the future, some businesses of online merchant banks and ant small loans will be gradually integrated, and online merchant banks will also launch independent apps.

The development of private banks is lower than expected

"Most Internet companies have no chance to engage in finance. Users are playing games and chatting. Without payment, how could they be banks? Ali Online Banking has a play, data and management, and will definitely do it. " Shi Yuzhu said at the opening ceremony.

In fact, what Shi Yuzhu said makes sense. The first batch of five approved private banks have all opened. The first one, Weizhong Bank led by Tencent, has only launched one product "micro-loan" since it opened this year 1 month, because the account opening failed. The development of other private banks is also relatively slow.

According to industry analysis, the development of private banks is lower than expected and can be realized technically, such as "brushing" face to open an account, but policy supervision has not been liberalized, which is the main factor restricting the development of private banks.

However, private capital still has high hopes for this industry. Since the beginning of this year, Blonde Technology and Royal Bank also plan to jointly establish Huacheng Bank Co., Ltd. with other Guangzhou enterprises with a registered capital of 5 billion yuan. Tapai Group also announced on June 1 1 that it plans to establish Guangdong Merchants Bank in conjunction with private enterprises such as Baoxin Energy, with a planned registered capital of 2 billion yuan.

However, the particularity of private banks will make these enterprises have higher requirements for funds. Yu Shengfa revealed that deposits will not be the main business of online merchant banks, and the capital problem of online merchant banks will be solved through registered capital and interbank lending. If the registered capital is not thick enough to control risks through big data at low cost, it will face great risks.

In addition, as it is the first batch of people who eat "crabs", in the initial stage, the regulatory authorities and private banks are very cautious in their every move. Ma Yun also admitted that Internet companies running banks is not only a challenge to Alibaba, but also a challenge to supervision.