Ants use the duality of financial technology to blur the boundaries between personal safety, rights and responsibilities.
First, past lives
At the turn of the century in 2000, online shopping has not been widely recognized as it is now. Buying things online is a credit gamble between consumers and businesses, and no one knows whether they will be cheated.
Later, Alibaba launched Alipay and began to cultivate mutual trust. After confirming satisfaction, the buyer is allowed to receive the goods and pay the merchant. If the buyer receives a fake or something that has never been shipped, the buyer's money will be refunded.
Later, Alipay was spun off from Alibaba and became an independent company. Over time, Alipay began to provide other services. People use it to apply for small loans, save money and buy health and life insurance.
Ant Group has 71/kloc-0 monthly active users and 80 million merchants, and has established an ecological closed-loop system covering consumers, merchants, financial institutions, third-party service providers, strategic partners and other enterprises.
Second, the financial attributes.
The financial license owned by Ant Group involves banking, payment, micro-loan, fund, fund sales, futures, insurance, insurance agency and other categories, and has obtained the qualification to set up consumer finance companies.
The financial institution partners of Ant Group include commercial banks, fund management companies, insurance companies, trust companies, securities companies and other licensed financial institutions.
The financial technology companies represented by Ant Group have almost reconstructed the scientific and technological ecology and industrial layout of the financial industry, affecting many social fields such as catering, accommodation, transportation, medical care and health.
Regardless of the scale, structure and business complexity, or the relevance with other financial institutions, Ant Group can be recognized as "an important banking institution, a systemically important securities institution and a systemically important insurance institution".
According to the regulations, if an enterprise intends to sell financial services to consumers, the regulatory authorities must review it to prevent financial technology from inducing excessive financial consumption, preventing financial technology from becoming an illegal arbitrage means, and preventing financial technology from contributing to the winner-take-all monopoly.
Third, the nature of science and technology
The scientific and technological foundation of Internet finance is based on: First, it is based on rich big data; The second is risk control technology based on big data; The third is based on the big data credit system.
Above science and technology is ecology. The core competitiveness of ants lies not only in its leading technology, but also in its financial technology ecology based on technology and scenarios.
This self-contained closed-loop ecology has formed an independent small business society, and individuals are easily controlled invisibly. Neither consumers nor lenders can get rid of this ecology without paying a higher price, because it is self-logical.
The difference between Ant Group and traditional banks is that the balance sheet and default probability of merchants or individuals can be obtained by using big data of merchants or individuals, so as to accurately capture user needs and make differentiated pricing according to the interest rate sensitivity of different groups of people and the asset status and risk preferences of merchants and individuals. Producers can use up all the surplus of consumers through differential pricing.
The supervision of ant group actually involves three aspects: first, ants are engaged in financial services, so they should be subject to financial supervision; The second market giant involves monopoly and is related to the Ministry of Commerce, but it is not a counterpart department; The third is to collect personal and business information big data, but there are no regulations specifically for data security.