Technology helps financial intelligence change. How does financial technology seize new opportunities?

On August 3rd, the 20 18 annual financial technology industry innovation summit of Hunting Cloud Network with the theme of "turning wisdom into new finance" was successfully held in Beijing Four Seasons Hotel. The summit was hosted by Hunting Cloud Network, and co-organized by Sharp Perspective, Hunting Cloud Capital, Hunting Cloud Finance, AI Planet, Headline Creation and Honeycomb.

In the past June and July, the online lending industry has been in an explosive period, and many Internet finance companies are facing life and death choices. Some companies that have transformed into financial technology are also facing challenges because they still have lending business, and the anxiety in the lending field has also spread to the entire financial technology field.

In this harsh market environment, the success of the 20 18 Financial Technology Industry Innovation Summit hosted by Hunting Cloud Network is enough to show the recognition and firm belief of people in the financial technology field, and firmly believe that the development and change brought by this field can promote the progress of the industry. Executives from representative platforms in the lending field also attended the summit. They are willing to stand up and rebuild the trust system of the industry in this field that has already encountered a crisis of trust, and show people that this field that was once biased by some speculators is still worthy of people's trust, and the empowerment of science and technology can solve more problems for individuals and small and medium-sized enterprises; In addition, the guests also discussed how to break through the difficulties and how to develop in the voice of doubt. * * * is also an urgent need for the industry to make suggestions and find solutions.

The Financial Technology Summit hosted by Hunting Cloud Network also built a communication platform for top experts in the financial technology industry and elites in the investment field. Faced with the new market of deleveraging, strict supervision and heavy risk control, they focus on topics such as technology, capital, industry and ecology in the field of financial technology, exchange new changes and innovations under domestic trends, explore new opportunities driven by technology, and provide ideas for the industry. Hunting Cloud Network will continue to deepen the domestic entrepreneurial service market, and will also actively participate in the integration of global entrepreneurial and investment resources, and strive to build a globally competitive venture capital service platform.

At the beginning of knowledge change

In the whole vast field of financial technology, after the baptism of supervision and the restriction of licenses, the entry threshold of financial technology industry has increased, and the market has gradually become standardized and rational. But with the continuous verification and iteration of big data, cloud computing, artificial intelligence and blockchain technology in application scenarios, how will new technologies reshape the financial future? 20 18 how to face and embrace new changes in the test of supervision, technology, capital and assets has also become the biggest challenge for financial technology enterprises.

The rise of financial technology, but just two or three years, entered the 20 18, financial technology ushered in a new test, regulatory reshuffle, mode difficulties, lack of scenarios, technical challenges, innovation has become a mystery. In the face of the great changes in new finance, how will financial technology enterprises break the game? With the continuous innovation and iteration of technology, finance has increasingly become the "experimental field" of technology, especially in financial risk control, technology has become the core competitiveness. With the gradual breaking of technical barriers, a new outlet of intelligent finance will be formed, and financial intelligence will change, which is unstoppable.

Jin Jilei, founder and CEO of Hunting Cloud Network, as the representative of the organizer, said in his opening speech that "turning intelligence into new finance" has become a new mainstream trend in the financial industry, and some defects of early Internet finance will be better solved under the current financial technology. Technological changes and iterations have brought many surprises to the financial industry. Big data and artificial intelligence technology have been widely used in risk control and anti-fraud. Blockchain technology in its infancy will also bring greater breakthroughs to this industry. Science and technology drive financial reform, reshape finance, and at the same time push industry competition into a new key point, forming a new financial ecology.

Nie, deputy secretary-general of China Small and Medium Enterprises Association, attended the summit and delivered a speech, saying that under the traditional financial environment, it is actually very difficult for a vulnerable group to integrate into the financial environment. After the emergence of new finance, this process becomes simpler and more people can enjoy financial services. In addition, to a certain extent, many small and medium-sized enterprises are "vulnerable groups".

Nie also said that at present, the development of small and medium-sized enterprises is restricted by many factors, the most important of which is the difficulty in financing and high cost. The introduction of various policies is also to "stabilize finance", prevent and resolve financial risks, and achieve deleveraging to better serve the real economy. Compared with the traditional financial system, the new finance has the characteristics of wide coverage and better understanding of small and medium-sized enterprises. By combining cutting-edge technologies such as the Internet, big data, blockchain and biometrics, it will be integrated into products that are more suitable for SMEs and contribute to SME financing. At the same time, the emergence of new finance also provides more new channels for small and medium-sized enterprises to raise funds.

Under the concept of intelligent new finance, for enterprises in the new financial field, those who have entered the business are facing difficulties and future development problems, while those who have not entered the business are waiting for new entrepreneurial directions. As an excellent science and technology venture capital media, Hunting Cloud attracts elites in the industry and many big coffee guests by relying on its own platform advantages and venture capital resources. In response to various questions in the industry, at this summit, the guests also expressed their views from the perspectives of risk control, standardization, innovation and integration, and expressed their views on the innovative development of financial technology under the reconstruction of "new technology, new scene and new ecology".

The guests of this summit include top experts and entrepreneurial elites, as well as technology geeks and investors. At the summit, Kejia, the big coffee investor, Wang Ge, the founding partner, and Liang Yu, the capital partner of Chuangshi Partner, shared their views on the new direction of financial technology development from the perspective of investors; In addition, Jia Jing, partner of Delian Capital, Ouyang Qiwei, director of Broadband Capital, Yu Zhenbo, vice president of Huachuang Capital, and Zhao Nan, investment director of Fangsheng Fund, discussed the investment and financing opportunities under the financial reform.

There are also many guests from Internet securities, Internet insurance, wealth management and other fields gathered to discuss the new changes and new opportunities of smart finance. Among them, Huang Xu, Neutron Star Finance, Wu, co-founder of 9 1 Finance, Tian, CEO of Elephant Insurance Big Data, and four guests discussed the dilemma and rebirth of Internet finance.

Thoughts on new ecology and new way out

Some people say that financial technology is not what it used to be; It is also said that it will form a new outlet for financial technology; Under the trend of intelligent financial reform, will financial technology really subvert the traditional financial industry? It is also worth pondering. The current internet finance industry environment is not particularly good, but internet finance should have a bright future. How to go this way? What should professionals do?

In this regard, at the summit, Guo Kejia and Ge Wang, the founding partner, shared the theme of "Cold Thinking on Financial Technology: Dare to Ask Where the Road is", saying that if Internet finance wants to have a bright future, it must first step over the "survival hurdle". There are three main things to do. First, with the tightening of policy supervision, we must maintain a healthy cash flow; The second is to control the financing rhythm and accumulate grain and grass in advance; The third is to prepare for the long-term war of resistance, adjust the business model, and improve their hematopoietic capacity. In addition, in his view, the essence of finance is risk, and the financial industry is risk spread, so talking about finance must first talk about risk.

Regarding risk control, Zhang Yu, vice president of Rong Hui Jinke, even thinks that the application of big data risk control in the field of real financial technology may be the time of deep collision. When customers are demanding more and more business experience, how to use big data to do a good job in financial technology and make customers use it better has just arrived.

In addition, in Zhang Yu's view, a lot of sensitive data has great commercial value, which can help licensed financial institutions and financial technology to improve risk control, accurately acquire customers, and help consumers obtain more convenient inclusive finance services. But how to fully tap these data and refine greater risk control capabilities under the premise of compliance? There are still many things to do here.

In addition to risk control, technological empowerment also provides more possibilities for the securities industry to establish a new ecology. Joy chen, director of Futu Securities, said when sharing "How Internet securities occupy the traditional market with services" that technical means will continue to change the development pattern and business model of the securities industry in the past and in the future, that is, using massive data mining to enhance the user experience in user portrait, precision marketing and value-added services. Brokerage business will become a very important entrance to the Internet securities industry. The whole industrial chain will extend from traditional commission income to value-added services including wealth management and asset management.

Explore new trends and new scenarios

The internet securities industry after ecological reconstruction is a new trend; In the internet insurance industry, health insurance will also become a major development trend of this industry.

In terms of premium scale, the health insurance market is not the mainstream of insurance compared with traditional life insurance and property insurance. Health insurance is a purely guaranteed product, but Xu Shuo, vice president of E Insurance, thinks that health insurance should be the biggest insurance development direction in China in the future. China's commercial health insurance market is in strong demand, but it can't develop. It still faces the pain points of weak awareness of channels, products and protection, and low public trust in insurance companies. In order to solve these problems, Xu Shuo suggested that users should be educated subtly first, and then the educated customers should be accurately portrayed, and the transformation of commercial health insurance should be promoted mainly through three ways: accurate push, accurate pricing and interactive optimization.

In addition, Xu Shuo believes that insurance technology is an applied technology, and it doesn't need anything particularly complicated to serve insurance companies. Don't try to make subversive changes. The insurance industry is a very old industry, and all companies have their own internal processes. Technology can solve many things, but if you go too fast, the acceptance of technology by insurance companies may be low.

Jin Zhuxiong, chief asset allocation analyst of Geshang Fortune, also agreed with Xu Shuo's point of view. Jin Zhuxiong said, don't try subversive changes. In the field of financial development, it still depends on the nature of finance. The essence of finance is to control risks. How to balance crazy technology and rational finance? In Jin Zhuxiong's view, the output of science and technology is infinite, and financial risks have boundaries. They naturally have contradictions and conflicts.

In addition, Jin Zhuxiong believes that artificial intelligence can enhance the experience of people in the entire financial industry. With big data, assets can be distributed to customers simply and quickly through customer portraits and customer behaviors; Using AI, the labor cost of the financial industry will be greatly reduced in the future, forming a fully intelligent financial platform. Maybe in the next three to five years, we will discuss where the way out for financial practitioners is under the fully intelligent financial platform.

Jin Zhuxiong also talked about how the non-standardized product experience has evolved under the new integration of technology and finance. He believes that this requires intelligent two-way matching between the wealth side and the asset side: intelligent customer service that recognizes user models and tags, intelligent selection based on big data and algorithms, and qualitative analysis in artificial intelligence-assisted scenarios.

Not only in the field of private placement, but also in the field of commercial services, some new financial forces have emerged. Kuang Jianfeng, co-founder of Haozu and director of the Data Research Center, said at the summit that the emergence of many emerging financial enterprises in the past two years, especially technology and financial start-ups, has spawned a large number of site selection and post-service needs. However, the financial industry has been the industry with the highest rent tolerance for many years. The distribution of traditional financial enterprises is relatively concentrated, the supporting services of CBD and Financial Street are perfect, and the buildings are tall, but the corresponding prices are also very expensive. For science and technology and financial enterprises, they are usually small in scale, concentrated in areas with more science and technology enterprises, and the players are mostly entrepreneurs. As a result, these enterprises are facing the situation that the offices are scattered, the rental cost is relatively high, and talents are not necessarily willing to come. What good rent needs to do is to become a helper in the booming industry and play the role of "gold digger" to deliver water.

In addition, Zhu Wei, co-founder and vice president of Tongdun Technology, said in his speech entitled "AI empowers finance and Fintech enters a new era" that AI will have some core application scenarios in the financial field, including intelligent risk control, intelligent customer service and intelligent investment.

In Zhu Wei's view, with the upgrading of the underlying technology, including the underlying computing power, cloud computing and data storage capabilities, as well as the influx of capital and policy support, AI has now entered the stage of landing and large-scale application.

At the same time, Zhu Wei introduced that Tongdun Technology, based on artificial intelligence and big data, combined specific scenarios with specific industries and applications and problems solved in the industry at the upper level, giving customers the service capability of data analysis, and put forward the concept of AaaS, and intelligent analysis is service. Solve the risk control problem of financial business gradually going online, revitalize existing customers and improve customer conversion rate.

Seize new technologies and opportunities.

Under the financial reform, technology-enabled finance is accompanied by various opportunities. So where are the new opportunities in the financial technology industry? How can new technology and finance achieve better integration?

For Shen Peng, founder of Water Drop Fund and Water Drop Mutual Aid, Water Drop Company should take a China version of Caesar's medical road. In Shen Peng's view, the biggest difficulty at present is risk control. On the one hand, risk control depends on offline verification and audit. Public opinion monitoring based on social network is also very important for the whole chain control of social network risk control. Droplet uses blockchain technology and financial technology to develop its own patented risk control products. In addition, Didi Chup also enhances user activity and stickiness through communities and tools.

The famous American Caesar medical model has realized the integration of patients, doctors, medical institutions and insurance institutions; Comparatively speaking, our Internet medical model in China still lacks some explosive points, but on the other hand, it also shows that there are still many opportunities in this industry.

The integration of technology and finance is both an opportunity and a challenge. Zong Jun, a partner of Chuangshi Partnership Capital, takes Internet insurance as an example to examine the opportunities and challenges of the Internet insurance industry from the perspective of investment. In his view, Internet insurance does not mean selling insurance online, but relying on Internet technologies such as big data, artificial intelligence, deep learning and cloud computing, and at the same time using Internet thinking to realize user-oriented, product+service and passive low-frequency insurance. Behavior is active high frequency behavior.

How to break through the Internet insurance scenario? Zong Jun believes that the scene is not available in the original offline insurance. It turns out that insurance is a product aimed at the people of the whole country, while the scene of Internet insurance is fragmented, requiring precise positioning, deep focus and technology-driven.

Speaking of science and technology, how can we get the blockchain technology that is currently at the forefront? In terms of blockchain application, TigerWitFintechCTORick said that his company applied blockchain technology to compliance technology. In view of the problems existing in enterprise supervision by national regulators, such as lagging supervision, difficulty in verifying the authenticity of enterprise data, and difficulty in obtaining evidence of conflict between customers and enterprises, TigerWitFintech adopts blockchain mode to provide solutions, and adopts authorization and authentication mechanisms to introduce regulators into the network. Rick said that he hopes to increase economic entities and regulators through this model and give play to the value of blockchain for compliance supervision.

There is no doubt about the power of technology empowerment, and technology continues to break through. While using technology to empower finance, entrepreneurs are also looking for a way out for technology empowerment supervision. Under the trend of intellectual change, technology, supervision and finance will be more integrated to help the healthy development of the financial technology industry.

How is Internet finance reborn?

Looking back at the once-popular Internet finance, now, some segments are facing reshuffle, such as the online loan industry; Some of them are in the development momentum, such as internet insurance and wealth management. In the wheel of life, how will these enterprises reshape themselves and gain new life?

Since 20 18, the overall financial environment has been in a downturn. Huang Xu, chief operating officer of Neutron Star Finance, said that there are still some opportunities for enterprises with customer needs. In other words, the demand is there and the market is there. Moreover, neutron star will also do a lot of value-added services such as financial and tax training to improve customer stickiness.

Zhang Chun, CEO of Yongquan Jin Fu, said that Yongquan Jin Fu's style of play is to deeply cultivate vertical industry supply chain finance, and rely on core enterprises, as well as upstream suppliers and downstream customers of core enterprises, to acquire customers in this chain through this chain. In addition, in the face of a large number of customers, Zhang Chun said that it is necessary to do a good job in customer service, brand and customer perception, so as to better retain customers.

Wu, co-founder of 9 1 Finance, believes that under the circumstances of poor financial environment and low customer trust, financial technology enterprises should control their business to a certain scale in accordance with regulatory requirements and minimize risks, instead of spending their energy on the user level.

Tian, an elephant insurance big data expert, said that the situation of Internet insurance is very serious. The listing of insurance last year brought a climax to the development of Internet insurance, but the current climax period passed quickly. Big data, artificial intelligence and other technologies empower insurance, and there is no particularly good foothold. Originally, I wanted to achieve qualitative change in one or two years, but now it seems that it may take three or five years. Elephant Insurance has been developing and innovating innovative insurance, striving to better interact with users through fun and small-scene insurance, meet users' risk protection and promote users' willingness to buy.

Investment and financing opportunities under financial reform

In the process of enterprise self-reform and breakthrough, it is often inseparable from the help of capital. Now financial technology is in a severe market environment. What are the investment and financing opportunities under the technological empowerment and financial reform?

In this regard, Jia Jing, a partner of Delian Capital, said that from the perspective of finance and technology, one is the combination of its own finance and institutions, and the other is the combination of finance and technology. Its own scientific and technological attributes may cross industries or have strong expansion capabilities, and there may be some opportunities in these fields.

How should entrepreneurs deal with the severe investment and financing environment? Jia Jing said, you must have enough patience. She believes that now that we are in the deep water area, we must be deeply integrated with the business, especially for companies with relatively large downstream funds.

Ouyang Qiwei, director of Broadband Capital, believes that the founder's enterprise development logic is also very important. Entrepreneurs need to weigh whether they want explosive growth or operational efficiency. Although capital pursues growth, the financial industry is a cyclical industry, and it is not a matter of one or two minutes, one month, two months or even half a year to see whether it is good or bad.

Yu Zhenbo, vice president of Huachuang Capital, believes that although P2P has exploded recently, whether it is consumer credit or financing for small and micro enterprises, it is still a very hot market. However, in such a market environment, as an enterprise itself, it is necessary to keep the bottom line of risk and whether it can stabilize itself in terms of moral hazard and operational risk according to stricter standards.

Facing the current severe financing environment, Yu Zhenbo suggested that entrepreneurs should first have a good positioning for financing; Secondly, it is necessary to enrich financing channels, such as venture capital, banks and the government. At the same time, we should maintain the enthusiasm of financing, constantly publicize our business situation and strategic direction to VC market, capital market and wealthy buyers, and make continuous investment.

Zhao Nan, investment director of Fangsheng Fund, said that if the project fails to get money all the time, or there is no positive feedback from the market for a long time, entrepreneurs should lower their expectations. If expectations are not adjusted well, entrepreneurs will be at a loss and more likely to collapse when things happen.

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