What is the difference between traditional finance, Internet finance and consumer finance?

In fact, the essence of all three is finance, only the form and role is slightly different.

Traditional finance, in fact, before the emergence of mutual funds, we usually go to the bank deposits, withdrawals, spending money, etc. are traditional finance, the traditional physical outlets, independently deployed servers, non-big data data processing, artificial risk control measures, etc., which are the most basic.

Internet finance: because traditional finance often has information asymmetry, the use of Internet technology to reduce the asymmetry of information and increase the cost of default.

Consumer finance: in layman's terms, it is in the user's lack of money to spend when lending money to the user to spend, or first help the user to buy a good thing, and then pay in installments afterwards.