Judging from the operation mode of p2p financial risk control of CreditEase, CreditEase has stronger control over borrowers. Lenders generally do not participate in the audit, and there is no contract with borrowers, but only a creditor's right transfer contract with a third party of CreditEase. In this way, the lender will have great risks. In order to ensure the safety of the lender's loan, CreditEase draws a risk compensation fund equivalent to 2% of the total loan amount from the total service fee, and this part of the fund will pay compensation in case of default.
In order to reduce the risk of p2p financial management by CreditEase, CreditEase Big Data Financial Cloud is a cloud platform based on knowledge map, including distributed computing framework, distributed storage and virtualization environment. The core of the financial cloud platform is the core financial logic such as anti-fraud, risk control, real-time credit granting and customer acquisition. Within CreditEase, the financial cloud platform can integrate the capabilities of each business end of CreditEase, provide big data support for each team, and reduce duplication of work.
However, the real bad debt situation of CreditEase is still a mystery. Deloitte once published a so-called audit report, which recorded that CreditEase's bad debt rate was only 0.7968%-a "myth number" in the microfinance industry, and even bank loans were rarely so stable. Ironically, CreditEase has recently been exposed with 800 million bad loans, and the loan subjects have been subjected to many lawsuits. Even if CreditEase applies for asset preservation, it is difficult to recover all the debts. So it's just the tip of the iceberg. It is difficult to judge how big the risk of p2p financial management is.