Analysis Of The Three Major Questions Of The Alibaba Internet Bank

At the end of last month, the official news of the ant gold suit showed that

Its network bank expects to submit the acceptance report to the regulatory authorities in March this year, and strive to start business in 5-6.

If approved smoothly, this will be followed by Tencent micro public bank trial operation, second Internet Co led private banks.

When the banks were on the line, the author pointed out that the goal of the Internet Bank represented by micro public banks was never to fight or even subvert four big businesses.

Similarly, the future Internet banking will only become a supplement to the existing financial system, which is unlikely to shake the foundation of traditional state-owned banks.

Like micro public banks,

Banks also go to the cabinet and become one of the main businesses.

This big frame gives people the impression that the Internet banking is an online bank, where all the savings and loans are completed online.

From the three major businesses of traditional banks, "savings and loan remittance", the network business banks are also unable to surmount these three businesses.

Now let's take a look at the opportunities and problems that the network business banks have in these three businesses.

Can interest rates be higher than the balance? Where does the traffic come from?

First of all, look at the deposit business. There are no offline entities in Internet banking, and deposits come from online. There are basically two kinds of possibilities: other banks' online pfer and Alipay pfer.

The main factor determining the whereabouts of user deposits is interest rate and convenience. With the current annualized yield of more than 4% of the balance, the question of whether the net business deposit interest rate can surpass the balance treasure must be called a question mark. After all, the four major banks have a fixed interest rate of only 3% a year, and the interest rate for demand deposits is only 0.35%.

Originally Alibaba

The circulation of funds in the imperial system can be used by Internet banking banks. It is not difficult to use resources to exchange funds, but it is difficult to deposit more than two trillion of the paction volume in a year, because the central bank has limited the source of bank deposits to banks, mainly 200 thousand of the individual deposits, accounting for nearly 4 of Tmall's pactions. The Taobao can earn money from shops, and the rest of the millions of individual sellers are hard to make money, and naturally there is no money to store.

It can be foreseen that the deposits from Ali system will be very limited, and the network business banks will have to rely on foreign deposits. There are two problems to be solved. One is how much higher interest rates can be than the four largest ones, and the other is the convenience, not the depositors' trust problem. Where does the net business bank traffic flow from the pure line? Alibaba certainly has the mature purchasing flow experience, but when the interest rate is not able to win the peer market, it is obviously a big problem to attract depositors to pfer the money from the bank card.

How to control pure credit loans?

Let's talk about the loan after we finish the deposit.

The network business bank mainly provides the following 5 million loan products, the object should be the small micro enterprise and the individual consumer.

Due to the fact that the bank's trial operation method has not yet been published, it is impossible to know how to carry out the related loan business. However, the official news disclosed by the ants is that the bank will analyze the personal credit through the network data, and then realize the online loan business.

This is similar to the current P2P net loan pure credit loan, according to the applicant's salary flow, working years, and job approval for a certain amount of consumption loans.

Pure credit is a forbidden area for many P2P, because the domestic credit system has not been fully established. Overdraft credit cards can not be repaid every day. Banks can also use state machines to enforce them, though the cost of execution is very high.

But private institutions are often helpless in the face of borrowers who can not repay their loans, and the latter can easily get out of debt in another place.

The central bank has recently opened up private credit reporting, but how much valuable data can a private institution get? Can open social networking data really analyze a person's solvency?

At present, the most reliable products for individual consumers may be products similar to IOUS and virtual credit cards, but these are closely related to e-commerce pactions. There is not much need to separate them to apply for Internet banking.

For small and micro enterprises, the amount of loans will be much larger than that of personal credit. It is also a field that can be touched by the network business bank relying on Ali system. Because there are shops, the risk of credit loan will be reduced a lot, but such short-term loans can not pay too much interest.

And Ali should not only care about the electricity supplier's loan, but also take care of the bank's lending.

In addition, the loan business of the network business bank is likely to coincide with Ali's small loan, and how to deal with the relationship between Ali and small loan, which is a test for Ali's 30% stake.

Whether the two will merge or how to merge is a big problem.

Intermediary business is the highlight, but also depends on Alibaba's determination.

The last question is "remittance" and intermediary business.

Sitting on Alipay's ant suit is a major shareholder of the Internet Banking Bank. This brings the greatest convenience to the network business bank, which is enough to get through the payment and settlement business and intermediary business.

As the largest third party payment tool in China, Alipay can not only bring cash flow to the network business banks, but also help the Internet business banks issue financial products, and pull the deposits and worry about credit loans relatively hard. These two businesses are really fat.

But it is doubtful whether Alibaba will divide the fat from Alipay to other shareholders of the network business bank.

After all, 70% of the shares are not Ali, but Alipay will not be so cheap as outsiders.

Whether the cooperation with Alipay is thorough and smooth will be the decisive factor for the growth of Internet banking.

The Internet banking banks that have not yet been given much imagination, but there are still many problems. I hope that the private banks represented by Internet banking and micro public banks can bring some positive changes to the banking industry.