Research On The Risk Measurement And Control Of Third Party Payment Company

In2013，the third party payment company of Internet find new business growth bydepth cooperation with financial sector. The overall market scale of the Internet third partypayment reached5372980000000， and grows46.8%. At present， this power is notcompletely broke out. In2014，driven by Internet financial，China’s Internet third partypayment market scale will reach7436890000000，and grows41.6%， compared to thesame period. In2017，the market size of our country’s Internet third party payment isexpected to reach18480440000000. Thus，the third party payment market has broadprospects and great potential for development. However，as an emerging industry，the thirdparty payment market faces many risks in the development process. Therefore，the measureand control of the risk in the third party payment market is very important.This paper based on discussing the third party payment market’s operation mode anddevelopment in present situation. Then analyzes the main risk types existed in the thirdparty payment：financial risk and macro environment risk. During the development，thefinancial risk in the third party payment includes the market risk (risk of bank refused tocooperate，the risk of loss customers，potential entrant’s risk，the risk of replacement andother Competitors，the risk of existing industry competition，liquidity risk)， credit risk(credit risk caused by both parties，credit risk of the third party payment) and operationalrisk (the money laundering risk，cash risk，technology risk， legal risk). This papercorrected VaR model by using EVT theory and analysed the actual loss data of operationalrisks in the third party payment market for the empirical. Finally，based on analysis ofexisting regulatory method and experience at home and abroad，this paper puts forwardcorresponding suggestions and effective supervision.