Analysis Of Internet Finance Compliance And Innovation

Since March of this year, the central bank has issued "the guidance of the people's Bank of China on the development of mobile payment business", and the relevant policy documents of the people's Bank of China payment and settlement division concerning the suspension of Alipay's offline bar code (two-dimensional code) payment and other related policy documents. Because of the uncertainty of risks, it stopped the virtual credit card products of Alipay and Tencent, while halting bar code payment and other face-to-face payment services. Online finance Ushered in intensive regulation.

There is no doubt that compliance management is the basis for the survival and development of financial enterprises and the cornerstone of unshakable. In the final analysis, a financial enterprise is a special enterprise that takes risks and gains. Successful financial enterprises achieve a perfect balance between risk minimization and revenue maximization.

At present, when the variables such as macro environment and market change obviously, whether the compliance policy needs to keep pace with the times, we have to mention innovative behaviors and concepts. Innovation is the ability to understand and satisfy the needs of human beings on the basis of change. Compliance is a code of conduct to satisfy people's demand for maximizing revenue. In essence, the two are created to maximize the value of people's needs. The core of the two is overlapping.

However, in the past decade or so Financial institution In the process of reform, the low efficiency of financial institutions caused by lack of innovation has constrained the reform of China's financial system. It seems that compliance and innovation are paradoxes, and the two have separate boundaries.

Solving compliance innovate The contradiction is innovation, and innovation can redistribute different interest groups so that things can develop continuously. There are two intersections between compliance and innovation. As credit is the same, first and foremost is the operation of good faith compliance, but if we want people to enjoy the commercial value and social value brought by finance, we need to constantly focus on customer needs for innovation so that people can enjoy the convenience brought by finance.

Ma Yun, who is at the cusp of the storm, said: "innovators are often not killed before they succeed, but they are hated after success. Innovators will die, but innovation will not die. "

Financial compliance and innovation are like shooting. The same essential demand is equal to the bull's eye, innovation is the inner ring, and compliance is the outer ring. The rule of shooting is to enter into the inner ring as far as possible when entering the ring (compliance). So, for financial enterprises, the application of "shooting theory" for compliance and innovation is: on the basis of compliance, financial enterprises can promote financial innovation and promote the deep development and transformation of financial market by establishing a number of scientific and reasonable supporting systems that can eliminate or weaken systemic risks, so as to maximize the ultimate goal of meeting people's needs.