Sustained capacity growth is fundamental to Financing financial technology.
When Internet finance returned to rationality and began to “financial finance, technology and technology”, the positioning of a number of financial technology companies gradually became clear. The end of a chaos is often the opening of another competitive situation. Starting from 2018, the financial technology companies under the giants have anchored “technology”, “de-financialization” has become the trend of the times, and the battlefield has begun to shift to the B side. Technology, flow, and scenes… Financial technology companies hold high the cards in their hands, and they compete for the first time.
On the other hand, as the combination of finance and technology has become more diverse and diverse, not only banks, but also financial sub-sectors such as insurance, trust, payment, and asset management are seeking cooperation with financial technology companies. Large, many market opportunities, outside the giant ecology, how can many financial technology companies stand? The road to financial financial technology evolution may provide a sample.
The layout ambition of Feijin Financial Technology
“In the process of transitioning to the B2B2C business model, the biggest challenge we face is not the size of the potential customer base… but to let these organizations identify and accept us.” Chairman and CEO of Feijin Financial Technology Tang Xia said in an interview with the media at the end of 2018.
Two months later, Feijin Financial Technology signed a strategic cooperation agreement with PICC P&C Insurance to provide the latter with the overall technology export service of mobile credit covering the whole process of operation and operating the whole system.
It is reported that in addition to PICC P&C insurance, many large and medium-sized insurance companies with qualifications for credit insurance business, such as China Life Finance, Sunshine, Dadi, and Zhong’an, are exploring this business direction and hope to abandon the traditional high cost. And the offline mode of heavy operation, seeking online transformation, but the insurance company has technical and experience deficiencies in the front-end customer screening, big data, risk control and post-lending operations, etc. It is clearly the best choice for the technical body to provide a full range of technical services.
The trust industry has similar needs. In recent years, due to policy restrictions and increased investment in real estate and securities, trust companies have turned their attention to credit assets, especially consumer credit. However, after the introduction of the new asset management regulations, the traditional strategy of trust companies to rely on the transaction structure to avoid risks was impacted, and instead sought to strengthen the risk control capabilities, big data and credit-related underlying technology construction.
This is the core of the three platforms of Feijin Financial Technology, including Internet-based IT technology, intelligent big data technology platform and quantitative risk control system. So in the past year, we have been working with many trust companies such as China Resources Trust. There is communication and cooperation,” said Buddy, co-founder of Feijin Financial Technology.
Before the transition to the B-end business in 2017, the most recent financial technology company that has been established for nearly 10 years is the bank. After the transformation, small and medium-sized banks have also become the technology of flying loans.