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2022-08-02
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Hengchang applies big data artificial intelligence and other technologies to accurate customer acquisition risk control

Hengchang applies big data artificial intelligence and other technologies to accurate customer acquisition risk control

17:52 source: 40 finance and economics

original title: Hengchang applies big data artificial intelligence and other technologies to accurate customer acquisition risk control

at the recently successfully held fourth global financial technology (Beijing) summit, Li Wei, director of the science and Technology Department of the central bank, disclosed that, The central bank will work with relevant ministries and commissions to carry out pilot applications of financial technology in 10 provinces and cities including Beijing, Shanghai and Guangzhou. He further pointed out that this pilot project is called the Chinese version of the regulatory sandbox, and has designed a risk compensation and exit mechanism, which can be pushed down and started again. In the view of analysts, the "regulatory sandbox" model can provide opportunities for innovation and trial and error under the premise of controlling risks in important fields, so as to realize the synchronous development of regulatory technology and financial technology

since the international financial crisis in 2008, the global financial environment has been constantly changing, and the regulatory complexity has been increasing. Governments of various countries have also issued a number of regulatory policies to prevent financial risks, and severely punished financial institutions for their violations in the field of new materials and technologies of the 863 program. On the one hand, more and more complex regulatory policies make the task of regulatory authorities more and more arduous, and the budget expenditure is increasing. On the other hand, financial institutions have to pay high costs to solve compliance risks. With the rapid development of China's financial technology, the pace and progress of development in different regions are different, resulting in the high trial and error cost of unified regulatory policies. Therefore, in the case of disconnection between traditional financial regulation and the rapid development of financial technology innovation, learning from foreign regulatory innovation models will help protect financial technology innovation, promote regulation to adapt to local conditions, and achieve a balance between regulation and risk. Thus, the trial and error cost will be greatly reduced, and at the same time, the financial technology innovators will greatly reduce the cost and risk of entering the market., It is reported that at present, some countries in the world have begun to try to launch plans and arrangements to encourage financial technology innovation, mainly including innovation hub mode, regulatory sandbox mode, innovation accelerator mode, etc. Among them, the regulatory sandbox, first proposed by the financial conduct authority (FCA) in march2015, has received the most extensive attention and recognition for its concept and practice, and has begun to be tested in the UK, Australia, Singapore and other countries

the so-called "regulatory sandbox" is a "safe space" in which enterprises can test their innovative financial products, services, business models, etc. without being immediately constrained by regulatory rules, which greatly promotes financial innovation. The regulatory sandbox attaches great importance to the protection of the rights and interests of financial consumers. Companies entering the "regulatory sandbox" can only test their new products for customers who have agreed to participate in the test. Before that, customers will be fully informed of potential risks and available compensation. In addition, participating in the test also helps to better expose the defects and risks of relevant products or services, so as to avoid the losses caused by large-scale social launch

from the perspective of top-level design, the focus of regulators is shifting from financial innovation and financial liberalization to preventing systemic risks and promoting finance to better serve the real economy. With the continuous development of financial technology, especially the landing and application of big data, cloud computing, blockchain, artificial intelligence and other technologies in the financial field, the scope of regulatory technology is generalized, and the connotation page of regulatory technology is gradually deepened. Therefore, in the field of financial science and technology, it is necessary to establish a fault-tolerant and trial and error test field due to the low risk of establishing a recycled plastic particle factory. The "supervision sandbox" is one of the models that can be used for reference. As a good testing ground for financial scientific and technological innovation and regulatory scientific and technological innovation, "regulatory sandbox" can alleviate the contradiction between financial innovation and financial supervision to a great extent, and it is hopeful to become the mainstream of financial supervision in the future

obviously, the introduction of the Chinese version of the regulatory sandbox will greatly affect the financial technology development planning and innovation of traditional financial institutions and new financial enterprises in Shanxi. At the China Financial 40 Forum (CF40) and the annual financial technology summit hosted by the city, Hengchang, as a partner of CF40, was also invited to attend the summit and had in-depth exchanges with the industry on the application and supervision of financial technology and how financial technology can enable Inclusive Finance

since its establishment for eight years, Hengchang has invested a lot of money and energy in financial technology research and development, and is committed to building innovative competitiveness in the new financial industry chain. Hengchang applies big data, artificial intelligence and other technologies to accurate customer acquisition, risk control, fine management of large-scale teams and other business-related links: it applies face recognition and living body recognition technologies to the determination of the authenticity of identity cards and the identification of whether borrowers and identity cards match. Voiceprint recognition, speech recognition and naturallanguageprocessing, as well as cracking down on online lending fraud. At the same time, the deep learning technology is applied to the training of risk model. The super large-scale credit knowledge map based on the new graph database technology has formed a large-scale credit relationship chain. In addition, the application of parallel computing and large-scale streaming computing technology has also reduced the analysis of hundreds of indicators affecting the accuracy of experimental machines for millions of users from the hour level to the minute level. Through its own R & D and practice of financial technology innovation, Hengchang also cooperated with China's top financial think tank, the financial education consulting brand Financial City under the China Financial 40 forum, to launch the global report on the status and development of Southeast Asia's financial technology, giving forward-looking guidance to the vast number of Internet and financial technology enterprises entering Southeast Asia

in the future, the "Chinese version of regulatory sandbox" will emerge, which will eventually put the financial technology development plan that has been paid close attention to on the agenda and plan out a specific implementation schedule. At the same time, it will also synchronize regulatory innovation with scientific and technological innovation, and realize the balanced development of innovation and risk control in biomedical and industrial fields. More financial institutions and practitioners and explorers in the new financial ecological industrial chain will also join hands to contribute to the rapid development of China's financial technology

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