Reborn multinational giant

Internet banking is distinguished from traditional banking.

Traditional banks, which basically open various branches and outlets offline, are the main venues for handling banking business before the mobile internet does not become popular on a large scale.

Today, even though traditional banks have kept pace with the times, they have opened online banking, electronic payment and other convenient means, but it involves opening accounts, transferring large amounts of loans and other related businesses, and need to go to the bank to handle.

In everyday life, since the large-scale popularization of mobile payment means such as Alipay, Alipay and other third-party payment software and WeChat payment, the number of times ordinary people go to the bank has decreased.

And Micro-Banks, China's first internet bank, was born on this background.

Compared to traditional banks that open branches and branches offline, micro banks do not open physical banks offline.

Users open accounts, deposits, withdrawals, payments, transfers, loans, repayments, invoicing, wealth management, currency exchange and other various businesses, basically all handled online.

That is to say, micro-banks almost entirely free users from both physical banks and bank cards.

Users opening accounts in micro-banks need to undergo several layers of important authentication, such as ID card, mobile phone number, face recognition, geographical location, etc., and all of this can be done directly online through mobile phones in today's popular situation. Later, deposit, withdrawal, payment and other businesses will be simpler. These processes and links have mature systems and security assurances in today's popular mobile payment.

Micro banks dare to handle things so sensitive to money online without seeing real people. This is based not only on users' trust in micro banks, but also on large shareholder payments behind micro banks. The security provided to micro banks is based on sesame credit, big data, artificial intelligence and other high-tech Internet.

In addition to not involving entities, one of the biggest features of micro banks compared to traditional banks is that micro banks position their biggest target group of customers, especially the target group of loan business that is one of the core ones, on individuals and micro and small business owners.

When traditional banks lend, in order to reduce the risk of bad debts, they prefer to lend to state-owned enterprises, central government enterprises and large private enterprises with various qualifications.

In contrast, whether it is an individual or some small micro-enterprise owner who does small business, it is difficult to borrow money from the bank if there is no guarantee or if the assets such as the building car are used as collateral, and the microfinance business launched by micro banks for this part of the customers, the main solution is this painful problem.

WeChat banks dare to lend money to individuals and small micro-enterprise owners without collateral, not because WeChat banks have more silly money than traditional bankers, but because behind WeChat banks, there is massive data protection and technical support for payment and WeChat payment.

Traditional banks are afraid to lend money to unsecured individuals or small and micro-entrepreneurs because they do not know the creditworthiness of these customers and their income capacity, consumption capacity and repayment capacity.

And micro banks are different.

Over the years, accompanied by the spread of WeChat and WeChat payments, a person's income capacity, consumption capacity and repayment capacity have all left traces in Shanghai's data on the Internet.

Through large-scale data mining technology, payment can create a blurry to complete user image for almost every user. The more traces users leave on the Internet, the more complete the user image established for them, the more accurate the confirmation of their credit, income, repayment ability, etc.

PayPal can get the data that banks can't even get, thanks to its huge number of users and WeChat payment, theoretically, almost every micro bank's customers must already be PayPal or WeChat users!

Xu Jun, a truck driver in Xishan Province the same age as Fang Zhe, is already the father of the two children. After graduating from Xu Jun High School, he followed his uncle in the truck to pull the goods.

Today, Xu Jun is an old truck driver who has been driving for nearly 10 years. One of his small ideals is to hope that one day he will have his own truck.

Unfortunately, two important things: buying a house and getting married. Xu Jun's savings have been exhausted. After borrowing more than 100,000 yuan from his family and friends, nearly 80,000 yuan is left to buy a car!

Xu Jun came up with a loan. Originally, Xu Jun wanted to mortgage the house to the bank for a loan, but the old woman had been disturbing him and disagreeing with him. Xu Jun could only think of another way.

A friend has been asking him to borrow money on various loan apps, but in the past two years he has been in contact with a lot of serial loans. Xu Jun of the loan shark news is wary of this. A female college student in their village bought an iPhone to borrow money, and was blackmailed with naked photos. Finally, his parents borrowed more than 100,000 to fill the hole. The female college student later dropped out of school before even going to college to work, and did not come back for New Year's holidays. Her parents couldn't even raise their heads in the village.

“Alas! If only the money spent could be moved out!" Xu Jun looked at himself and paid nearly $30,000 in spending. He thought helplessly.

Xu Jun's old woman is an online shopper. She bought things online every three or five years. The two children in the family, from milk powder to toys, were almost all bought online by the old woman. Since then, his spending limit has been brushed to nearly 30,000.

In contrast, some of his friends who do not buy online, spend only a few thousand yuan, unfortunately, although the money is not much, but can see it can not move, because the spend can only be used for online consumption, there is no way to transfer to Yue Bao or bank card.

He heard his friends say that there are some people online who can help pay for cash withdrawals, but they need to charge a certain percentage of the handling fee. Xu Jun was wondering whether to ask his friends how to do it. When he suddenly found out that the payment software today did not seem to be as good as he had seen before.

After carefully looking at it twice, Xu Jun realized that under the icon of flowers, another one appeared that he had never heard of!

What the hell? Listening to the name, Xu Jun guessed that this should be a function similar to borrowing money from flowers. It is really a sleeping pillow.

Xu Jun asked for a loan.

The loading interface shows that Xu Jun did not pay any attention to this phrase, and he trusted the security of Payment Connect even more than the bank, by borrowing the micro-credit business of micro-credit bank to provide product services and technical support.