MY Company's Internet Consumer Finance Credit Risk Management Research

Since the reform and opening-up,China's domestic economy ushered in a golden period of rapid development.In the past two decades,the development and progress of Internet technology have brought people closer to each other.At the same time,many emerging industries relying on the Internet have emerged,among which the Internet consumer finance industry is one of the fastest growing.With the emergence of the Internet consumer finance industry in 2015,the Internet consumer finance industry has achieved explosive growth in just five years,continuously stimulating the national consumption consciousness and traditional economic model.In addition to e-commerce giants such as Alibaba and JD,which have devoted themselves to the Internet consumer finance industry with the help of years of accumulated user data,traditional financial companies have also developed online consumer finance businesses.However,due to the short time and rapid development of the Internet consumer finance industry,the experience of enterprises in credit risk management is still insufficient.In addition,in recent years,the outbreak of P2 P "explosion" and campus loans and other disgusting events has exposed the risks of this industry to the public.Ant Financial is the largest Internet consumer finance company in China and even the world at present.The research on credit risk management of the Internet consumer finance business of ant Financial can provide reference and help for the development of the industry.Based on the current situation of the Internet consumer finance industry,and the application scenarios of Internet consumer finance in daily life were investigated by questionnaire,this paper introduces the challenges of credit risk management in the industry,including the increase in the number of consumers,the expansion of the scope of basic assets,the imperfection of national policies and the lack of enterprise credit risk management ability.In order to explain these problems more specifically,this paper takes the most widely used ant financial service in real life as an example,Ant Financial Services Group,to introduce its current operation status,credit risks and credit risk management measures.Furthermore,it analyzes the existing problems of Ant Financial in consumer finance credit risk management,For Ant Financial Services Group,the main problem is the lack of understanding of credit risk management,which leads to the lack of management level and ability.For consumers,the main reasons are lack of credit consumption habits,weak sense of integrity,and lack of understanding of the consequences of default.As for the government agencies supervising the industry,the current major problems are unstable industrial policies,disordered regulatory institutions,and the absence of relevant laws and regulations.To solve these problems,this paper accordingly puts forward the promotion can promote Ant Financial Services Group on the Internet in the development of consumer credit risk management measures,for the platform itself,the need to integrate credit risk management products market,improve the system of credit report and credit rating system construction,improve the liquidity of credit risk management,training high level talent management team,etc.;For consumers,it is necessary to promote honest consumption and improve Internet education to reduce the risk of default.For the regulatory side,the need to speed up the construction of credit system,improve the applicable laws and regulations and regulatory standards.This paper proposes corresponding solutions to ant financials' problems in credit risk management in the Internet consumer finance industry,hoping that these measures can make certain contributions to the healthy and stable development of the Internet consumer finance industry.